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.

Sample Request:

For a Sample and Table of Contents please contact info@snstelecom.com

Pricing:

The report is available for the following price:

Single User License: USD 2,500
Company Wide License: USD 3,500

Key Findings:

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.

Topics Covered:

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

Forecast Segmentation:

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

Form Factor Submarkets
- Smart Bands
- Smartwatches
  - OS-Powered Smartwatches
  - Basic Smartwatches
- Smart Glasses
- Smart Clothing
- Smart Earwear
- Smart Jewelry
- Heads-up Displays
- Others
Vertical Submarkets
- Consumer
- Healthcare
- Professional Sports
- Retail & Hospitality
- Military
- Public Safety
- Others
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:

270 Vision

3L Labs

4DForce

4iii Innovations

9Solutions

Abbot Laboratories

Acer

AcousticSheep

Active Mind Technology

Adidas

AGPtek

AliveCor

Alphabet

Amazon

Amber Alert GPS

Ambit Networks

AMD (Advanced Micro Devices)

AngelSense

Anthem Insurance Companies

Aplus

Appirio

Apple

ARA (Applied Research Associates)

Archos

ARM Holdings

Arrow Technologies

Arubixs

ASUS (ASUSTeK Computer)

AT&T

Atellani

Atheer

Atlas Wearables

Augmendix

Avegant

AVG

Axon

BAE Systems

Baidu

BBK Electronics Corporation

Beddit

Behavioral Technology Group

Bellabeat

BI (GEO Group)

Biosensics

Bitbanger Labs

Blocks Wearables

Bmorn

bOMDIC

Bondara (Nagook)

Boston Scientific Corporation

BRAGI

Breitling

Broadcom

Brother Industries

BSX Athletics

BTS Bioengineering

Bulgari

Caeden

Casio

Catapult Sports

Chronos Wearables

Citizen

Cityzen Sciences

Codoon

CommandWear

CompeGPS

Connect America

ConnecteDevice

Cooey

Cool Shirt Systems

Cordon

Creoir

Cyberdyne

Cypress Semiconductor Corporation

DAQRI

DARPA (Defense Advanced Research Projects Agency)

Dell

Dexcom

DHL

Dialog Semiconductor

DIGICare Technology

Digitsole

DK Tek Innovations

Doki Technologies

DorsaVi

Dubai Customs

Dubai Police

Ducere

Ekso Bionics

Electric Foxy

Emotiv Systems

Empatica

Enjoy S.R.L

Epson (Seiko Epson Corporation)

EuroTech

Evena Medical

Exelis

EyeTap

Facebook

FashionTEQ

Fat Shark

Fatigue Science

Finis

Fisher-Price

FitBark

Fitbit

Flex

Florida State University

Force Impact Technologies

Fossil Group

FOVE

Fujitsu

Garmin

GEAK (Shanda Group)

Gemalto

General Dynamics Mission Systems

Georgia Institute of Technology

Ginger.io

GlassUp

Glofaster

GN Store Nord

Google

GoPro

GOQii

Guess

Harris Corporation

HealBe

HereO

Hexoskin (Carre Technologies)

Hollywog

Honeywell International

Hövding

HTC Corporation

Huami

Huawei

iBerry

ICEdot

ICON Health and Fitness

iHealth Labs

iLOC Technologies

Imagination Technologies

Imec International

Immerz

IMU (I Measure U)

Ineda Systems

Innovega

Instabeat

Intel Corporation

InteraXon

Intex Technologies

InvenSense

Iotera

iRhythm Technologies

Iron Will Innovations

ITAMCO (Indiana Technology and Manufacturing Companies)

Jabil Circuit

Jaguar Land Rover

Jaybird

JINS (JIN CO.)

Johnson & Johnson

Joyray Technology

Kairos Watches

KDDI Corporation

Kerv Wearables

Ki Performance Lifestyle

Kiwi Wearable Technologies

KMS Solutions

Kokoon

Kopin Corporation

KoruLab

Kronoz

Kuaiwear

L3 Technologies

Laster Technologies

Le Vise Products

Leaf Healthcare

LeapFrog Enterprises

Lenovo

Lepow

Levi Strauss & Co.

LG Electronics

LifeBEAM

LifeLogger Technologies Corporation

Limmex

Lineable

Linkitz

Liquid Image

Livall

Lockheed Martin Corporation

LOSTnFOUND

Lumafit

Lumo BodyTech

Lumos

Lumus

Luxottica

Lycos

Lyle & Scott

Mad Apparel

Magellan (MiTAC Digital Corporation)

MainTool

Martian Watches

Mastercard

Matilde

Mattel

MC10

McLear

MediaTek

Medisafe

Medtronic

Merge Labs

The Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts

SNS Worldwide Ltd. 2025