The latest research report indicates that wearable device OEMs will pocket $45 Billion from annual device shipments in 2021.
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.
Publisher 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.
Spanning over 596 pages “The Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts” report covers Introduction, An Overview of Wearable Technology, Vertical Opportunities & Use Cases, Industry Roadmap & Value Chain, Market Sizing & Forecasts, Key Ecosystem Players, Conclusion, Key Trends & Strategic Recommendations. This report Covered 405 Companies few are – 270 Vision, 3L Labs, 4DForce, 4iii Innovations, 9Solutions, BTS Bioengineering, Bulgari, Caeden, Casio, Dubai Police, Ducere, Ekso Bionics, Electric Foxy.
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