DUBLIN--(BUSINESS WIRE)--The "The Wearable Technology Ecosystem: 2018 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts" report from SNS Telecom & IT has been added to ResearchAndMarkets.com's offering.
This 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.
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.
- The research 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, Xiamo, 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.
- The report 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.
- 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
Some of the Companies Mentioned
- 270 Vision
- 3L Labs
- BAE Systems
- BBK Electronics Corporation
- Connect America
- Harris Corporation
- Ralph Lauren
- Raytheon Company
- Shenzhen Glory Union Electronic Company
- Sotera Wireless
- Spice Mobiles
- Whereables B.V.
- Whistle Labs
For more information about this report visit https://www.researchandmarkets.com/research/7sf5bw/the_wearable?w=4