While wearable technology has been utilized in vertical sectors such as the military and healthcare 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, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.
SNS Research estimates that by 2015, wearable devices shipments will surpass 90 Million and will account for nearly $20 Billion in revenue. The market is further expected to grow at a CAGR of nearly 40% over the next six years.
The “Wearable Technology Ecosystem: 2014 – 2020 – 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 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 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.
Key Findings:
The report has the following key findings:
By 2015, wearable device OEMs will pocket nearly $20 Billion from device shipment revenues
Wearable device shipments are further expected to grow at a CAGR of nearly 40% over the next 6 years, eventually accounting for 340 Million device shipments by the end of 2020
Wireless carriers are increasingly integrating wearable devices within their M2M and IoT strategies
Wearable devices will help wireless carriers drive over $71 Billion in additional service revenue by the end of 2020, following a CAGR of 95% between 2014 and 2020
The wearable applications ecosystem will account for nearly $850 Million in revenue by the end of 2015
Driven by ongoing innovation and crowdfunding campaigns, SNS Research estimates that investors are expected to pour over $700 Million into wearable company startups in 2014
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ResearchMoz | The Wearable Technology Ecosystem Industry Research Report Share 2014 - 2020
1. The Wearable Technology Ecosystem: 2014 - 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
While wearable technology has been utilized in vertical sectors such as the military and healthcare 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, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny
startups, all vying for a stake.
SNS Research estimates that by 2015, wearable devices shipments will surpass 90 Million and will account for nearly $20 Billion in revenue. The market is
further expected to grow at a CAGR of nearly 40% over the next six years.
The “Wearable Technology Ecosystem: 2014 – 2020 – 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 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 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.
Key Findings:
The report has the following key findings:
By 2015, wearable device OEMs will pocket nearly $20 Billion from device shipment revenues Wearable device shipments are further expected to grow at a
CAGR of nearly 40% over the next 6 years, eventually accounting for 340 Million device shipments by the end of 2020 Wireless carriers are increasingly
integrating wearable devices within their M2M and IoT strategies Wearable devices will help wireless carriers drive over $71 Billion in additional service
revenue by the end of 2020, following a CAGR of 95% between 2014 and 2020 The wearable applications ecosystem will account for nearly $850 Million in
revenue by the end of 2015 Driven by ongoing innovation and crowdfunding campaigns, SNS Research estimates that investors are expected to pour over $700
Million into wearable company startups in 2014 The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between
consumer and vertical centric OEMs Nearly 50% of all wearable devices shipped in 2020 will support embedded cellular connectivity. This represents a $1.1
Billion opportunity for wireless chipset suppliers Topics Covered:
The report covers the following topics:
Wearable technology ecosystem Market drivers and barriers Enabling technologies for wearable devices Prospects of standardization and regulation for
wearable technology Wearable technology industry roadmap and value chain Assessment of vertical market opportunities and use cases for consumer, healthcare,
retail & hospitality, military, public safety and 8 other verticals Case studies of wearable technology deployments Company profiles and strategies of 276
wearable technology ecosystem players Wearable device vendor market share Prospects of smartphone OEMs in the wearable technology ecosystem LTE Direct
and its impact on wearable technology Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application
developers and wireless carriers Market analysis and forecasts from 2014 till 2020 Forecast Segmentation:
Market forecasts are provided for each of the following submarkets and their categories: Wearable device shipments and revenue Wearable application
ecosystem revenue Wearable driven wireless carrier service revenue Vertical Submarkets Consumer Healthcare 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
wireless carriers capitalize on the growing popularity of smart glasses and other wearable devices? Which countries, regions and verticals will see the highest
percentage of wearable device shipments? How big is the wearable applications ecosystem? List of Companies Mentioned:
The following companies and organizations have been reviewed, discussed or mentioned in the report:
270 Vision 3L Labs 4DForce 4iii Innovations 9Solutions Active Mind Technology Adidas AgaMatrix AirType Amazon AMD (Advanced Micro Devices)
Amiigo Animas Apple ARA (Applied Research Associates) Archos ARM Holdings Asahi Kasei Group Atheer Labs Atlas Wearables Augmendix Avegant BAE
Systems Baidu BI (GEO Group) BIA Sport Bionym Biosensics BIT (Blue Infusion Technologies) Bluetooth Special Interest Group BodyMedia Boston Scientific
BRAGI Breitling Brilliantservice Broadcom Brother Industries Brunel University BSX Insight BTS Bioengineering Buhel Cambridge Temperature Concepts
Carre Technologies Casio Catapult Cisco Citizen Cityzen Sciences Codoon CommandWear ConnecteDevice Control VR CoolShirt Systems Creaholic CSR plc
Cuff Cyberdyne DARPA (Defense Advanced Research Projects Agency) Dell Diesel DKNY DorsaVi (ASX) Dreamtrap Commercials Durex E Ink Holdings EB
Sport Group (Sync) EdanSafe Ekso Bionics Electric Foxy Emotiv Systems Epson (Seiko Epson Corporation) EuroTech Evena Medical Everfind Exelis EyeTap
Facebook FashionTEQ Fat Shark Fatigue Science FDA (U.S. Food and Drug Administration) Filip Technologies Finis FitBark Fitbit Flextronics Flyfit Fossil
Foxtel Freescale Semiconductor Fujitsu Garmin GDC4S (General Dynamics C4 Systems) GEAK (Shanda Group) Gemalto Geopalz Georgia Institute of
Technology Ginger.io Given Imaging GlassUp GN Store Nord (Intelligent Headset) Google GoPro GOQii HealBe Heapsylon HereO Hovding HP HTC Huawei
i’m SpA i4C Innovations IAMAS (Japanese Institute of Advanced Media Arts and Sciences) ICEdot iHealth Lab iLOC Technologies Imagination
Technologies Imec Immerz Ineda Systems InfinitEye Instabeat Intel/Basis Science InteraXon Intersections InvenSense iRhythm Iron Will Innovations ITAMCO
(Indiana Technology and Manufacturing Companies) ITT Corporation Jabra (GN Netcom) Jawbone Jaybird Johnson & Johnson Kapture Ki Performance
Lifestyle Kiwi Wearables KMS Solutions Kreyos Kronoz (Mykronoz) L-3 Communications L-3 Mobile-Vision Lark Technologies Laster Technologies
The Wearable Technology Ecosystem: 2014 - 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
2. LeapFrog Enterprises Lechal LG Electronics Limmex Lockheed Martin LogBar LOSTnFOUND Loughborough University Lumo BodyTech Lumus Luxottica
Mad Apparel Magellan (MiTAC Digital Corporation) Martian Watches (SilverPlus) Matilde McLear Medtronic Melon Memi META Meta (MetaWatch)
Microsoft (Nokia) MindStream Mio Global Misfit Wearables MiTAC International Moff Moov Moticon Motion Fitness Motion Metrics International
Corporation Motorola Mobility/Lenovo Motorola Solutions Mutalink Mutewatch Myontec Narrative Neptune NeuroPro NeuroSky Nike Nintendo Nissan Nod
Nokia Notch Interfaces NTT DoCoMo Nuance Nuubo NVIDIA NZN Labs Oculus VR (Facebook) Omate Omega SA OMG Life Omron OMsignal Optalert
Optinvent OrCam Technologies OriginGPS Orpyx Medical Technologies O-Synce Owlet Baby Care Palomar Health Panasonic Paris Miki Holdings Parvus
Pebble Pepsi Perpetua Power Source Technologies PFO Tech Philips Phyode Plantronics Playtabase Polar Electro Pragmasystems Preventice Proteus Digital
Health PUSH Design Solutions Qardio Qualcomm Raytheon Razer Recon Instruments Rest Devices RHLvision Technologies Ringblingz RSLSteeper Rufus
Labs S3 ID Salesforce.com Samsung Seiko SenseCore Sensible Baby Senso Solutions Sensoplex Sentimoto Seraphim Sense Shimmer ShotTracker Si14 Sigmo
SITA Skully Helmets Smarty Destination Technology Smarty Ring SMI (SensoMotoric Instruments) Snaptracs Somaxis Sonitus Medical Sonostar Sony Sotera
Wireless SpotNSave Sqord Stalker Radar (Applied Concepts, Inc) STMicroelectronics Suunto sWaP (Dyal Trading) Swatch Group T.Ware Tarsier TASER
International Technical Illusions Thalmic Labs The Walt Disney Company Theatro TI (Texas Instruments) Timex Group Tissot TN Games Tobii Technology
Tomoon Technology TomTom Tory Burch Touch Bionics TrackingPoint U.S. Department of Defense U-blox Universities of Glasgow University of Leeds
University of Reading University of Strathclyde Validic (Motivation Science) Vancive Medical Technologies Vandrico Vergence Labs Vidcie (Looxcie) Vigo
Virgin Atlantic VSN Mobil Vuzix We:eX (Wearable Experiments) Wearable Intelligence Weartrons Labs Wellograph Withings WTS (Wonder Technology
Solutions) Xensr Xiaomi XOEye Technologies Xybermind Yingqu Technology Zeiss (Carl Zeiss AG) Zephyr Technology Zepp Labs Zinc Software Zoll
Medical Corporation ZTE
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The Wearable Technology Ecosystem: 2014 - 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts