NEW YORK, Dec. 13, 2016 /PRNewswire/ -- Global Battery Market for Wearables : US Leads in Battery Demand, While Asia-Pacific Would Register the Highest Growth in the Next 5 Years
This study analyses the potential for batteries powering wearable devices globally. Various battery chemistries such as lithium-ion, lithium polymer, thin film batteries, and emerging technologies are discussed. Major end-user applications include batteries for healthcare wearables, industrial and military wearables, and consumer wearables. The market is likely to be driven by the growth in fitness trackers, smart glasses, smart watches, future soldier wearables, Industrial Internet of Things, and clinical wearables. Globally, US is the pioneer in adopting wearables, driving battery demand, followed by Europe. However, during the forecast period, growth in Asia-Pacific is likely to be strong, with demand from Japan, South Korea, and China.
Batteries for Wearable devices
This study tracks the batteries powering wearable devices. This includes primary and secondary cells, with coin-cell and solid-state construction.
This includes conventional chemistries and emerging chemistries developed in multiple designs.
One unit of a battery refers to one battery cell, either in coin-cell configuration, or flexible or solid state construction.
Unit shipment is discussed at the total market level to understand the total number of batteries that are shipped by the manufacturers to wearable OEMs. As wearables is an emerging market, tracking the units of batteries shipped for each end-user application, based on the model of the wearable device, would lead to a very fragmented and dissected perspective and hence, may be misleading
Revenues include earnings of battery manufacturers through shipment of batteries. Earnings through services or other value addition is not included
The global market is segmented into 4 major geographic regions including:
- North America–the United States and Canada
- Europe–Western and Central and Eastern European (CEE) countries
- Asia-Pacific–South, Central, Southeast Asian, and Oceanic countries (including Australia and New Zealand)
- Rest of World (ROW)–The Middle East, Africa, Latin America, Israel, the Commonwealth of Independent States (CIS) countries, Russia, and Turkey
-A basic device designed to perform a specific function, that could be worn by the user
- Limited functionality, aimed for a specific purpose and does not run on third-party apps
- Product cycle is nearing maturity stage, with achievement of mass commercial volumes
- Basic activity trackers and fitness bands, measuring specific health parameters are some examples of basic wearables
- Fitbit, Xiaomi, Nike, Jawbone, Microsoft, Samsung, and Sony are some companies that have launched these basic wearables
An emerging paradigm shift to these basic wearables with the ability to connect and communicate
- Hardware is capable of multiple applications and platform integration, adaptable for advanced user interface
- Ability to interact, communicate, and store in cloud servers through Wi-Fi, bluetooth connectivity
- Smart glasses, smart watches, and smart bands are some examples - Apple, Google, Microsoft, Samsung, Sony, LG, Pebble, and Motorola are companies that are actively involved in offering smart wearables
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