Over the last few years, wearable technology was catapulted to the top of the agenda for companies spanning the entire value chain. This investment manifested in hundreds of new products and extensive tailored R&D investigating relevant technology areas. However, many companies are now progressing beyond discussing "wearables" to focus on the detailed and varied sub-sectors.
IDTechEx's new report finds the overall wearables market to be worth over $30bn in 2016, with over $11bn of that coming from newly popular products, including smartwatches and fitness trackers. However, despite the total market growing to over $150bn by 2026, IDTechEx forecasts shake-ups in several prominent sectors, with commoditization hitting hard, and product form factors changing rapidly.
The report covers these trends in detail, including 39 forecasts by product type and 60 formal company profiles and interviews compiled from primary research by IDTechEx's expert analysts. The report also covers all of the industry megatrends that are driving innovation, demand and development, as well as describing application sectors including fitness & wellness, elite sportswear, healthcare & medical, infotainment, commercial, industrial, military, and others. For each, general sector-wide themes are described, but also detailed case studies are used to explain value propositions, end user needs and unmet problems that are driving the market forward. The report discusses key trends, players, and provides qualified market forecasts. IDTechEx outlines a long term case for standalone wearable communication devices as a future evolution of the smartphone and provides a 10 year forecast for growth of devices of this type.
Wearable Technology 2016-2026 provides detailed description of all of the hardware challenges and opportunities across the varied device types, and draws from IDTechEx's case study database of around 1000 companies in the wearable technology value chain. The report lists around 500 companies actively making products (both hardware and software) in this industry.
IDTechEx provides companies with tools that can assist them in making essential strategic decisions in emerging technologies. IDTechEx offers research reports, subscriptions, consultancy, introductory services and events.