Wearable Electronics Market Worth $8.36 Billion by 2018
DALLAS, May 9, 2013 /PRNewswire/ --
According to a new market research report "Wearable Electronics Market and Technology Analysis (2013 - 2018): By Components (Sensors, Battery, Display, Networking); Applications (Consumer, Healthcare, Enterprise); Products (Smart -Textiles, Glasses, Watches); e-Materials & Geography" published by MarketsandMarkets, the total market is expected to reach a total unit shipment of 134.27 million units by 2018 growing at an estimated CAGR of 30.36% from 2012-2018.
- 90 Market Data Tables
- 132 Figures
- 380 Pages and an in-depth Table of Content on "Wearable Electronics Market"
Early buyers will receive 10% customization on this report.
Wearable electronics also referred to as wearable computing or wearable technology is the most buzzing market in the technology industry. Industry experts are of the opinion that it would be the next big thing after Smartphone revolution. And hence it comes as no surprise that an increasing number of technology giants are betting high on wearable products and devices. The field of wearable technology includes several products such as smart glasses/goggles, ring/finger worn scanners, footwear such as athletic, fitness & sports shoes, wrist wear such as advanced electronic watches and wrist-bands and others (such as head-bands and neck-wear) apart from smart textiles and e-textiles. E-textiles with electronics fabric are expected to commercialize in 2016.
This report describes the market trends, drivers, and challenges of the wearable technology market and forecasts the market to 2018, based on technology, form factors, products and components, application, and geography. This report covers geographies like the North America, Europe, Asia Pacific, and ROW (Rest of the World). North America is the largest geography in terms of Wearable Electronics Market unit shipment and market revenue. APAC region has been identified as the fastest growing region, with China leading the way. The Europe and ROW region are also very promising market, with Middle East, and Latin America providing impetus to the growth.
The report profiles twenty three promising players in the wearable technology market ecosystem. The competitive landscape of the market presents a very interesting picture, where large number of small players has become a force to reckon with. The market is witnessing series of new product launch and announcement and partnership across the value chain. Some big announcement by small and big players alike is expected in the coming months. Some of the key players in the wearable technology market include Abbott Laboratories, Inc. (U.S.), Adidas AG (Germany), BodyMedia, Inc. (U.S.), Fitbit, Inc. (U.S.), Free scale Semiconductor Ltd. (U.S.), Google, Inc. (U.S.), Green Peak Technologies B.V(Netherlands), Weartech (Spain)Medtronic, Inc. (U.S.), Nike, Inc. (U.S.), Olympus Corporation (U.S.), Qualcomm, Inc. (U.S.), Recon Instruments, Inc. (Canada), Suunto Oy (Finland), Texas Instruments, Inc. (U.S.), and Zephyr Technology Corporation (U.S.) among others.
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