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(I-SoftwareNews.Com, May 22, 2018 ) Wearable Technology Market datasheet presents comprehensive forecasts for wearable device shipments and revenue from 2016 till 2030, covering 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries. Historical figures are also presented for 2015.
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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.
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 Report 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.
Regional Markets Asia Pacific Eastern Europe Latin & Central America Middle East & Africa North America Western Europe
Vertical Submarkets Consumer Healthcare Professional Sports Retail & Hospitality Military Public Safety Others
Form Factor Submarkets Smart Bands Smart Watches Smart Glasses Smart Clothing Smart Jewelry Heads-up Displays Others
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Source: EmailWire.Com
Source: EmailWire.com
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