The “Wearable Technology Forecasts: 2016 – 2030” datasheet presents comprehensive forecasts for wearable device shipments and revenue from 2016 till 2030, covering 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries. Historical figures are also presented for 2015.
MIR Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.
Forecast Segmentation Market forecasts on are provided for each of the following submarkets and their subcategories:
This study answers several questions for stakeholders, primarily which market segments they should focus upon during the next five years to prioritize their efforts and investments.
These stakeholders include more than 100 companies both manufacturing and providing services in the Wearable Technology such as,
270 Vision, 3L Labs, 4DForce, 4iii Innovations, 9Solutions, Abbot Laboratories, Acer, AcousticSheep, Active Mind Technology, Adidas, AGPtek, AirType, Alcatel, Amazon, Ambit Networks, AMD (Advanced Micro Devices), Amiigo, Amulyte, Aplus, Appirio, Apple, ARA (Applied Research Associates), Arc Wearables, Archos, ARM Holdings, Arrow Technologies, Arubixs, ASUS (ASUSTeK Computer), AT&T, Atellani, Atheer Labs, Atlas Wearables, Augmendix, Avegant, AVG, BAE Systems, Baidu , Barclays, Basis (Basis Science), Beddit, Behavioral Technology Group, Bellabeat, BI (GEO Group), BIA Sport, Biosensics, BIT (Blue Infusion Technologies), Bitbanger Labs, Blocks Wearables, Bmorn, bOMDIC, Bondara (Nagook), Boston Scientific Corporation and other major players in the market.
Country Markets: – Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam.
– Professional Sports
– Retail & Hospitality
– Public Safety
The report covers the following topics:
- Wearable technology ecosystem
- Market drivers and barriers
- Enabling technologies and operating systems for wearable devices
- Standardization and regulation landscape
- Wearable technology industry roadmap and value chain
- Assessment of vertical market opportunities and use cases for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other verticals
- Case studies of wearable technology deployments
- Company profiles and strategies of over 440 wearable technology ecosystem players
- Wearable device vendor market share
- Prospects of smartphone OEMs and wireless chipset suppliers in the wearable technology ecosystem
- Impact of 5G, NB-IoT and LTE Direct on wearable technology
- Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and mobile operators
- Market analysis and forecasts from 2016 till 2030
The report provides answers to the following key questions:
- How big is the wearable technology ecosystem?
- How is the ecosystem evolving by segment and region?
- What will the market size be in 2020 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Who are the key wearable device vendors and what are their strategies?
- How much are vertical enterprises investing in wearable devices?
The report has the following key findings:
- SNS Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.
- Leading smartphone OEMs, Apple and Samsung, are replicating their success in the OS powered smart watch arena with a combined market share of nearly 75%.
- As wearable device OEMs seek to minimize dependence on hardware sales, new business models are beginning to emerge, particularly in the enterprise space. For example, specialist vendors such as Catapult are offering subscription based services to sports teams, which combine wearable sensors, cloud-based software and analytics.
- SNS Research estimates that wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020.
- The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs.
Global Wearable Technology Sales (K Units) by Application (2016-2022)
|2016||2017||2030||Market Share (%)2030||CGAR (%)|
|Latin & Central America||xx||xx||xx||xx%||xx%|
|Middle East & Africa||xx||xx||xx||xx%||xx%|
Form Factor Submarkets
– Smart Bands
– Smart Watches
– Smart Glasses
– Smart Clothing
– Smart Jewelry
– Heads-up Displays