NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Connected Wearables is the second consecutive report from Berg Insight analysing the latest developments on the connected wearables market worldwide This strategic research report from Berg Insight provides you with 160 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions
This report will allow you to:
Understand the key enablers for growth in the connected wearables market Identify key players in the connected wearables ecosystem
Benefit from detailed forecasts for eight different device categories lasting until 2020 Learn about the markets for activity trackers, smartwatches, smart glasses and medical devices
Evaluate the business opportunities in new innovative device categories Predict future market and technology developments
Annual shipments of connected wearables will reach 228 million in 2020
The wearable form factor enables hands-free operation and allows the user to multitask and get immediate access to information It also enables continuous recording of useful data such as body metrics, location and environmental data Berg Insight's definition of a connected wearable is a device meant to be worn by the user and which incorporates data logging and some sort of wireless connectivity Connected wearables have for long been widely used in professional markets The high smartphone adoption, cloud services, miniaturised hardware, sensor technology and low power wireless connectivity have enabled connected wearables to emerge as a new promising consumer segment as well The number of applications for wearable technology is vast and includes imaging, augmented reality, media playback, navigation, data displaying, authentication, gesture control, monitoring and communication A plethora of device categories such as smartwatches, fitness & activity trackers, smart glasses, people monitoring devices, medical devices and wearable computers target various market segments including infotainment & lifestyle, fitness & wellness, people monitoring & safety, medical & healthcare, enterprise & industrial and government & military
The market for connected wearables has entered a strong growth phase that will last for many years to come Berg Insight estimates that shipments of connected wearables reached 725 million units in 2015 The market is expected to grow at a CAGR of 258 percent to reach shipments of 2283 million by 2020 Fitness & activity trackers is the largest product category and accounts for a majority of today's shipments Decreasing prices and new form factors will enable fitness & activity trackers to reach shipments of 710 million units in 2020 The smartwatch category has also started to reach significant volumes and is predicted to become the largest device category reaching shipments of 1100 million devices in 2020, up from 195 million units in 2015 Limited availability, high prices and privacy concerns have so far resulted in that sales of smart glasses have been modest Promising use cases in professional markets as well as in niche consumer segments will enable smart glasses to reach shipments of 110 million devices in 2020, up from only 01 million units in 2015 Connected wearables such as cardiac rhythm management devices, ECG monitors and mobile Personal Emergency Response Systems (mPERS) are already common in the medical & healthcare and people monitoring & safety segments Annual shipments of medical devices and people monitoring & safety devices are forecasted to grow to 110 million and 53 million respectively by the end of the forecast period
This report answers the following questions:
Which are the main device categories within connected wearables?
What are the main drivers on this market?
What are the general technology trends for connected wearables?
When will cellular connectivity be a common option in connected wearables?
Which connected wearables offer the best potential for embedded cellular connectivity?
Which are the leading wearables vendors? How will the markets for smart watches and fitness trackers converge?
What new innovative wearables could become successes?
Read the full report: http://www.reportlinker.com/p03479650-summary/view-report.html
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