NEW YORK, July 6, 2015 /PRNewswire/ -- Report Details
The global wearable technology market has thus far not quite delivered upon previous expectations of revenues, consumer adoption and even technological advances. However, 2015 might be the breakthrough year in which wearables begin to achieve that mass market acceptance that has long been expected. One of the main reasons is the entrance of Apple to the SmartWatches market, which will disrupt not only the SmartWatches market, but the overall size of the wearable technology market.
Visiongain has assessed that the value of the global wearables technology market in 2015 will reach $16.1bn.
For example, as the Apple SmartWatch will deliver many of the applications already delivered by Fitness and Activity Trackers, companies competing with Smart Bracelets and other trackers will suffer market loss and by 2018 they could see a great disruption to their specific market. The global market for Wearable Cameras could also be facing dramatic changes, but this will not be caused by the entrance of new competitors; instead this will be caused by changing consumer demand and rapid penetration in highly developed economies. This will trigger changes in the business strategies of the dominant brands, and will enhance the revenue models for these devices.
Contrastingly, AR Glasses and e-Textiles will not deliver dramatic results as in the near future, these technologies will not deliver great value to consumers or business users. Instead, most of the shipments and revenue growth for these submarkets will come after 2018, where there will be strategic changes in terms of technologies, applications and costs.
Overall, each of the submarkets and regional markets within the wearables industry will deliver different business opportunities, but are also expected to face challenges which include regulatory decisions in the case of mHealth, low added value in terms of SmartWatches or high saturation levels for Wearable Cameras.
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- View global wearable technology market forecasts and analysis from 2015-2020 in terms of device shipments and revenues
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- Discover sales predictions for the wearable technology submarkets from 2015-2020
- What are the dynamics of the wearable technology industry? Which submarkets will generate the most revenue? Use our forecasts and expert insight to grow your business and give you more industry influence. Find where you can gain and how your organisation can succeed. Avoid falling behind. Stay informed about the potential for each of these wearable technology submarkets with individual forecasts and analysis from 2015-2020. This wearable device shipment forecasts are provided at both the global and regional level.
- SmartWatches Revenues & Shipments Forecast 2015-2020
- Wearable Cameras Revenues & Shipments Forecast 2015-2020
- Fitness & Activity Trackers Revenues & Shipments Forecast 2015-2020
- mHealth Revenues & Shipments Forecast 2015-2020
- e-Textiles Revenues & Shipments Forecast 2015-2020
- AR Glasses Revenues & Shipments Forecast 2015-2020
- Other Revenues & Shipments Forecast 2015-2020
- Understand the prospects for the regional wearable technology markets – where will the highest revenues and opportunities occur?
- Learn about the market potential for wearable technology companies in the developed and developing countries, from 2014.onwards. You will see where and how opportunities exist with revealing individual market forecasts and analysis from 2015-2020 for the regional markets. This wearable device shipment forecasts are provided at both the global and regional level.
- North American forecast 2015-2020
- Asia Pacific forecast 2015-2020
- Europe forecast 2015-2020
- Rest of the World (RoW) forecast 2015-2020
- Explore the factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics.
- Explore the SWOT issues assessing product advances. Discover what the present and future outlook for business will be. Learn about the following business critical issues -
- Technological issues and constraints.
- Supply and demand dynamics
- Competition from new product types
- Increasing specialisation by leading players
- Increasing industry consolidation.
- Advances in product quality
- See analysis of the leading wearable technology companies
- Our report reveals the companies which hold the greatest potential. In particular, exploring and analyzing the activities of these companies: See where the expected gains will be. View visiongain's assessment of the prospects for established competitors, rising companies, and new market entrants. Our work explains that potential, helping you stay ahead. Gain a thorough understanding of the competitive landscape with analysis of 17 leading wearable technology companies examining their positioning, capabilities, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook.
- Boston Scientific
- Johnson & Johnson
- Motorola / Lenovo
- Pebble Technology
- Polar Electro
- Recon Instruments
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