Wearable Electronics/ Technology Components (Memory, Battery, Display, Connectivity, Sensors & Others) Market Study - A Global Analysis, Forecast & Insights 2014-2024

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Oct 08, 2014, 02:59 ET

DUBLIN, October 8, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/xtqhgc/wearable) has announced the addition of the "Wearable Electronics/ Technology Components (Memory, Battery, Display, Connectivity, Sensors & Others) Market Study - A Global Analysis, Forecast & Insights 2014-2024" report to their offering.

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Wearable technology has compelled companies from a host of industry verticals to develop and introduce revolutionary products in the market. Software as well as semiconductor companies have been lured into the already heated up competition in the wearable market. The market has a profusion of wearables targeted at more than one application area, the prominent ones being wellness, fitness, medical and lifestyle.

Electronic components are the essence of any wearable device and component manufacturers across the globe are readily ceasing this opportunity to get a strong hold on the global wearables electronic components market. The global wearable electronic components market is poised to grow at a CAGR of 37.82% from 2014 to 2024, to reach over $17.47 billion by 2024.

The report, after an extensive consultation with industry expert (featuring some of the complete interviews in the report) and detailed analysis of the market scenario has identified the key pain points for the wearables electronic components market. Conflicting requirements of power and performance in components, Design and from factor issues leading to aesthetic compromises, and lack of dedicated components are some of the challenges in the wearable electronics component market. Since wearables are still in the developing stage in the market, the developers have limited choice of dedicated processors and microcontrollers for wearable products.

The primary components covered in the report are control components, sensors, battery, memory, connectivity, display, and others. The others' component includes a cumulative market statistics of components like stereo audio CODEC, Analog Front End (AFE), Application specific integrated circuits (ASIC), microphones, oscillator, connectors, power management ICs and others.

A detailed study of the components in different product types under wearable technology has been completed. The products for which the components market analysis was undertaken are smartwatches, wrist wear, smartglasses, HMD/HUDs, and smart textiles. The maximum and minimum costs of individual components were used to calculate the bill of material for different product types. A detailed pricing and tear down analysis for each component were undertaken to arrive at the total market opportunity for each component, namely control component, memory, battery, sensor, connectivity, and display and optoelectronics component.

The report incorporates profiles for the top market players from all across the value chain profiling more than 15 key market players, including different component manufacturers, ranging from microcontrollers to battery, and sensors to display. There is a lot of ambiguity around different components and its respective price in the market. To solve this issue, a detailed description of the assumptions is provided in the report. Some of the key market players from the report are Texas Instruments, STMicroelectronics, Qualcomm Incorporated, Murata Manufacturing Co.Ltd , HZO Inc., FLexEL LLC, Blue Spark Technologies, E-Ink Corporation, and InvenSense Inc. among others.

Key Topics Covered:

1 REPORT SCOPE

2 INTERVIEW WITH INDUSTRY EXPERTS

3 EXECUTIVE SUMMARY

4 MARKET CHALLENGES

5 WEARABLE ELECTRONICS COMPONENT MARKET

6 WEARABLE PRODUCT ELECTRONIC COMPONENTS MARKET

7 KEY COMPANY PROFILES

Companies Mentioned: