Wearable Technology Market (Devices) Worth $40B - Over 240 Million Annual Unit Shipments by 2020, Says a 2016 Report

May 04, 2016, 12:45 ET from RnR Market Research

PUNE, India, May 4, 2016 /PRNewswire/ --

The 2016 research on wearable technology market estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.

Complete report wearable technology market spread across 652 pages, analyzing 465 companies and providing 219 data figures is now available at http://www.rnrmarketresearch.com/the-wearable-technology-ecosystem-2016-2030-opportunities-challenges-strategies-industry-verticals-and-forecasts-market-report.html .

While wearable technology has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors, ranging from glasses to even jewelry.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest.  Companies as varied as smartphone OEMs, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake. The "Wearable Technology Ecosystem: 2016 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2016 through to 2030. The forecasts are further segmented for 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered: Wearable technology ecosystem, Market drivers and barriers, Enabling technologies and operating systems for wearable devices, Standardization and regulation landscape, Wearable technology industry roadmap and value chain, Assessment of vertical market opportunities and use cases for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other verticals, Case studies of wearable technology deployments, Company profiles and strategies of over 440 wearable technology ecosystem players, Wearable device vendor market share, Prospects of smartphone OEMs and wireless chipset suppliers in the wearable technology ecosystem, Impact of 5G, NB-IoT and LTE Direct on wearable technology, Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and mobile operators, Market analysis and forecasts from 2016 till 2030 and Forecast Segmentation.

Market forecasts on are provided for each of the following submarkets and their subcategories: 

Vertical Submarkets: Consumer, Healthcare, Professional Sports, Retail & Hospitality, Military, Public Safety and Others

Form Factor Sub markets: Smart Bands, Smart Watches, Smart Glasses, Smart Clothing, Smart Jewelry, Heads-up Displays and Others

Regional Markets: Asia Pacific, Eastern Europe, Latin & Central America, Middle East & Africa, North America and Western Europe

Country Markets - 73 Country level markets

Order a copy of Wearable Technology Ecosystem: 2016 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts market research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=539780.

Key Findings: Leading smartphone OEMs, Apple and Samsung, are replicating their success in the OS powered smart watch arena with a combined market share of nearly 75%. As wearable device OEMs seek to minimize dependence on hardware sales, new business models are beginning to emerge, particularly in the enterprise space. For example, specialist vendors such as Catapult are offering subscription based services to sports teams, which combine wearable sensors, cloud-based software and analytics. The research estimates that wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020. The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs.

Companies Mentioned: 270 Vision, 3L Labs, 4DForce, 4iii Innovations, 9Solutions, Abbot Laboratories, Acer, AcousticSheep, Active Mind Technology, Adidas, AGPtek, AirType, Alcatel, Amazon, Ambit Networks, AMD (Advanced Micro Devices), Amiigo, Amulyte, Aplus, Appirio, Apple, ARA (Applied Research Associates), Arc Wearables, Archos, ARM Holdings, Arrow Technologies, Arubixs, ASUS (ASUSTeK Computer), AT&T, Atellani, Atheer Labs, Atlas Wearables, Augmendix, Avegant, AVG, BAE Systems, Baidu, Barclays, Basis (Basis Science), Beddit, Behavioral Technology Group, Bellabeat, BI (GEO Group), BIA Sport, Biosensics, BIT (Blue Infusion Technologies), Bitbanger Labs, Blocks Wearables and more.

Explore other new reports on electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics.

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