The Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
Release Date: April 2018
Number of Pages: 596
Number of Tables and Figures: 230
Synopsis: 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 smartwatches and fitness trackers to smart glasses to hearables.
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.
SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.
The “Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including market drivers, challenges, enabling technologies, consumer and enterprise applications, key trends, case studies, opportunities, future roadmap, value chain, ecosystem player profiles, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2018 through to 2030. The forecasts cover 9 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.
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The report is available for the following price:
- Single User License: USD 2,500
- Company Wide License: USD 3,500
The report has the following key findings:
- SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.
- In terms of annual wearable device unit shipments, the top 5 vendors – Apple, Xiaomi, Fitbit, Samsung and Garmin – collectively account for more than 55% of the market.
- Cellular connectivity and associated advanced capabilities – such as VoLTE (Voice over LTE) – are increasingly being integrated into consumer oriented wearables such as smartwatches.
- SNS Telecom & IT estimates that wearable devices will help mobile operators drive more than $12 Billion in service revenue by the end of 2021, following a CAGR of approximately 36% between 2018 and 2021.
- As wearable technology vendors seek to minimize dependence on hardware sales, new business models are continuing to gain popularity – ranging from corporate wellness programs to sports performance analytics.
The report covers the following topics:
- Wearable technology ecosystem
- Market drivers and barriers
- Key enabling technologies and concepts including low cost sensors, wireless connectivity, voice recognition and augmented reality
- Analysis of vertical markets and applications – for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other sectors
- Case studies of 10 wearable technology deployments – reviewing solutions, vendors, applications and feedback from end users
- Wearable device vendor market share
- Prospects of smartphone OEMs and cellular chipset suppliers in the wearable technology ecosystem
- Impact of 5G NR (New Radio), cellular IoT and ProSe (Proximity Services) on wearable technology
- Industry roadmap and value chain
- Profiles and strategies of more than 360 leading ecosystem players including wearable technology suppliers and vertical domain specialists
- Strategic recommendations for enabling technology providers, wearable device OEMs, application developers and mobile operators
- Market analysis and forecasts from 2018 till 2030
Market forecasts are provided for each of the following submarkets and their categories:
- Form Factor Submarkets
- Smart Bands
- OS-Powered Smartwatches
- Basic Smartwatches
- Smart Glasses
- Smart Clothing
- Smart Earwear
- Smart Jewelry
- Heads-up Displays
- Vertical Submarkets
- Professional Sports
- Retail & Hospitality
- Public Safety
- Regional Markets
- Asia Pacific
- Eastern Europe
- Latin & Central America
- Middle East & Africa
- North America
- Western Europe
- Country Markets
- 73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam
Key Questions Answered:
The report provides answers to the following key questions:
- How big is the wearable technology ecosystem?
- What trends, challenges and barriers are influencing its growth?
- How is the ecosystem evolving by segment and region?
- What will the market size be in 2021 and at what rate will it grow?
- Which vertical markets will see the highest percentage of growth?
- How do standardization and regulation impact the adoption of wearable technology for the healthcare industry and other sectors?
- What opportunities exist for cellular chipset suppliers in the wearable technology ecosystem?
- How can mobile operators capitalize on the growing popularity of smartwatches, fitness bands, smart glasses and other wearable devices?
- What are the future prospects of hearables and other emerging form factors?
- Who are the key ecosystem players and what are their strategies?
- What strategies should wearable technology suppliers and vertical domain specialists adopt to remain competitive?
List of Companies Mentioned:
The following companies and organizations have been reviewed, discussed or mentioned in the report:
Active Mind Technology
Amber Alert GPS
AMD (Advanced Micro Devices)
Anthem Insurance Companies
ARA (Applied Research Associates)
ASUS (ASUSTeK Computer)
BBK Electronics Corporation
Behavioral Technology Group
BI (GEO Group)
Boston Scientific Corporation
Cool Shirt Systems
Cypress Semiconductor Corporation
DARPA (Defense Advanced Research Projects Agency)
DK Tek Innovations
Epson (Seiko Epson Corporation)
Florida State University
Force Impact Technologies
GEAK (Shanda Group)
General Dynamics Mission Systems
Georgia Institute of Technology
GN Store Nord
Hexoskin (Carre Technologies)
ICON Health and Fitness
IMU (I Measure U)
Iron Will Innovations
ITAMCO (Indiana Technology and Manufacturing Companies)
Jaguar Land Rover
JINS (JIN CO.)
Johnson & Johnson
Ki Performance Lifestyle
Kiwi Wearable Technologies
Le Vise Products
Levi Strauss & Co.
LifeLogger Technologies Corporation
Lockheed Martin Corporation
Lyle & Scott
Magellan (MiTAC Digital Corporation)
Mimi Hearing Technologies
Nortek Security & Control
ODG (Osterhout Design Group)
Orpyx Medical Technologies
Otsuka Pharmaceutical Company
Owlet Baby Care
Perpetua Power Source Technologies
PHTL (PH Technical Labs)
Proteus Digital Health
RSL Steeper Group
Seiko Holdings Corporation
Shenzen Smart Co.
Shenzhen Glory Union Electronic Company
SmartCap Technologies (EdanSafe)
SMI (SensoMotoric Instruments)
Snap (Formerly Snapchat)
Snowpow (Shenzhen Snopow Outdoor Technology)
Sony Mobile Communications
Stalker Radar (Applied Concepts)
The Walt Disney Company
TI (Texas Instruments)
TU Wien (Vienna University of Technology)
U.S. Department of Defense
U.S. FDA (Food and Drug Administration)
Validic (Motivation Science)
Vancive Medical Technologies (Avery Dennison Corporation)
Virgin Atlantic Airways
WTS (Wonder Technology Solutions)
Zephyr Technology Corporation
ZGPax (Shenzhen PGD Digital Technology)
Zoll Medical Corporation