Wearable Technology, is There a Market for it?

By  ReportsnReports, Special for  USDR

This market research estimates that by 2016, wearable device shipments will surpass 140 Million, will account for nearly $30 Billion in revenue and wearable technology market is further expected to grow at a CAGR of 30% over the next five  years.

Complete report on wearable technology market spread across 567 pages, listing 364 market players and supported with 217 figures is now available at  http://www.reportsnreports.com/reports/387733-the-wearable-technology-ecosystem-2015-2030-opportunities-challenges-strategies-industry-verticals-and-forecasts.html .

While wearable technology market has seen utilization of wearables in vertical sectors such as the military and healthcare 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 technology market and 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 market ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake. The “Wearable Technology Ecosystem: 2015 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 2015 through to 2030. The forecasts are further segmented for 7 device form factor submarkets, 7 vertical markets, 6 regions and 73  countries.

This 2015 wearable technology market report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report. It estimates that fitness and sports centric wearable device shipments are expected to grow at a CAGR of 28% over the next 5 years, eventually accounting for 80 Million device shipments by the end of 2020. Wearable devices will help wireless carriers drive over $71 Billion in additional service revenue by the end of 2020, following a CAGR of nearly 80% between 2015 and 2020. The wearable applications ecosystem will account for nearly $2 Billion in revenue by the end of 2016 and driven by ongoing innovation and crowdfunding campaigns, investors will pour over $1 Billion into wearable technology startups in 2015. The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs. Nearly 50% of all wearable devices shipped in 2020 will support embedded cellular connectivity. This represents a $1.1 Billion opportunity for wireless chipset suppliers. Order a copy of Wearable Technology Ecosystem: 2015 2030 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts market research report at  http://www.reportsnreports.com/Purchase.aspx?name=387733 .

Related reports on semiconductor and electronics market available with  ReportsnReports.com:

Global Smart Wearable Lifestyle Devices and Services Market 2015-2019: Forecast to grow at 39.06% CAGR during 2015-2019, this research report of 115 pages mentions companies like Adidas, Apple, Fitbit, Garmin, Jawbone (Aliph), LG Electronics, Nike, Samsung Electronics, Sony and others. Read more at   http://www.reportsnreports.com/reports/345775-global-smart-wearable-lifestyle-devices-and-services-market-2015-2019.html .

Global Smart Wearable Healthcare Devices and Services Market 2015-2019: A 30.42% CAGR growth is forecast for this market with Apple, AT&T, EE, Google, Samsung Electronics, Sprint, Telefonica, T-Mobile US mentioned as key vendors and Cyberdyne, IHealth Labs, Interaxon, IRhythm Technologies, Lark, OMsignal, Proteus Digital Health, Sotera Wireless, Withings, Emerging Vendors, 270 Vision, Biosensics,    Cambridge Temperature Concepts, Epson America, Evena Medical, Orpyx Medical Technologies and Qardio listed as players to watch out for. Complete report is available at  http://www.reportsnreports.com/reports/345364-global-smart-wearable-healthcare-devices-and-services-market-2015-2019.html .

Global Smart Wearable Fitness and Sports Devices and Services Market 2015-2019: Analysts forecast the global smart wearable fitness and sports devices market and the global smart wearable fitness and sports services market to grow at a CAGR of 25.38% and 29.90%, respectively, over the period 2015-2019. Comprehensive table of contents and more on this research is available at  http://www.reportsnreports.com/reports/344864-global-smart-wearable-fitness-and-sports-devices-and-services-market-2015-2019.html .

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