NEW YORK, May 4, 2016 /PRNewswire/ -- While wearable
technology has been utilized in vertical sectors such as the
military and healthcare industries for many years, ongoing advances
have triggered a major resurgence of the concept, particularly
among the consumer community. Key enabling technologies including
low cost sensors, wireless connectivity, active materials and
energy have converged to make wearable technology mainstream.
With the continued miniaturization of enabling technologies,
wearable devices have hit the mass market in a diverse variety of
form factors, ranging from glasses to even jewelry.
Driven by the ability to interconnect with key modern trends of
healthcare, fitness, messaging and socialization, the wearable
technology ecosystem is attracting significant levels of interest.
Companies as varied as smartphone OEMs, mobile operators, health
insurers and retailers are circling the ecosystem alongside tiny
startups, all vying for a stake.
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.
The "Wearable Technology Ecosystem: 2016 - 2030 – Opportunities,
Challenges, Strategies, Industry Verticals & Forecasts" report
presents an in-depth assessment of the wearable technology
ecosystem including key market drivers, challenges, investment
potential, consumer & vertical market opportunities, use cases,
future roadmap, value chain, case studies, vendor market share and
strategies. The report also presents forecasts for wearable device
shipments and revenue from 2016 through to 2030. The forecasts are
further segmented for 7 device form factor submarkets, 7 vertical
markets, 6 regions and 73 countries.
The report comes with an associated Excel datasheet suite covering
quantitative data from all numeric forecasts presented in the
report.
Topics Covered
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
Forecast Segmentation
Market forecasts on are provided for each of the following
submarkets and their subcategories:
Vertical Submarkets
- Consumer
- Healthcare
- Professional Sports
- Retail & Hospitality
- Military
- Public Safety
- Others
Form Factor Submarkets
- Smart Bands
- Smart Watches
- Smart Glasses
- Smart Clothing
- Smart Jewelry
- Heads-up Displays
- Others
Regional Markets
- Asia Pacific
- Eastern Europe
- Latin & Central America
- Middle East & Africa
- North America
- Western Europe
Country Markets
- 73 Country level 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
Key Questions Answered
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?
- What opportunities exist for wireless chipset suppliers in the
wearable technology ecosystem?
- How can mobile operators capitalize on the growing popularity of
smart watches, fitness bands, smart glasses and other wearable
devices?
- Which countries, regions and verticals will see the highest
percentage of wearable device shipments?
- Which sports category will see the highest level of wearable
technology integration?
Key Findings
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.
Read the full report:
http://www.reportlinker.com/p03814048-summary/view-report.html
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