Description
The wearable technology market presents the potential for massive transformation in many industries. The more obvious ones include consumer electronics and communications. Early adopter industries include clothing, healthcare, sports and fitness. However, we see many industries adopting wearable technologies as computing and wireless communications integrate wearable into virtually every aspect of products and services.
Wearable Technology Market Dynamics
At the consumer level, increased perception of value and willingness to engage in wearable tech apps and services is building as new forms of communications, content, applications, and commerce become available. AsWiFi6 is increasingly deployed in various public venues such as train stations and airports, companies will offer virtual reality as a means of infotainment and advertising, which will drive wearable technology sales and rentals. In addition, new consumer users of immersive technology will drive the adoption and usage of wearable technology due to improved portability and mobility associated with 5G.
We see several factors converging to facilitate wearable technology integration including expanded wireless capacity due to pervasive wireless (WiFi6, LTE, and 5G) and the need for wireless companies to establish new revenue streams, continuously decreasing cost of data, and the significant backing from huge companies including Google, Apple, and others. We also see developments in key technologies such as augmented reality, virtual reality, and next-generation telepresence. In terms of wearable technology evolution, we see body area networks becoming a larger factor along with IoT integration involving sensors and haptic interfaces to provide a feedback loop that provides ambient awareness, increased performance, and user satisfaction for many immersive technology applications.
Wearable Technology Market Report
This report evaluates the current state of the wearable technology ecosystem including devices, applications, and industry segments. The report addresses wearables in consumer and business with consideration towards enterprise, industrial, and government use cases, key challenges, market players, and solutions. The report also provides an outlook for the future of wearable technology with forecasts for the period 2022 to 2027.
Table of Contents
1.0 Executive Summary
2.0 Introduction
2.1 Wearable Technology Overview
2.2 Wearable Technology Market: Demand vs. Supply Side
2.3 Wearable Technology Market Opportunities
2.4 Wearable Technology Market Constraints
2.4.1 Design Constraints
2.4.2 High Power Consumption
2.4.3 High Investment Cost and High Price
2.4.4 Lack Network Security and Data Privacy
2.4.5 Usage Restrictions
3.0 Wearable Technology and Solution Analysis
3.1 Wearable Technology Devices and Applications
3.1.1 Personal Health and Fitness Management
3.1.1.1 Activity Trackers
3.1.1.2 GPS Monitoring
3.1.1.3 Other Wearable Devices
3.1.2 Personal Health Insurance
3.1.3 Prevention, Diagnosis, and Management of Disease
3.1.4 Healthcare and Medical Devices
3.1.5 Sports Performance Enhancement
3.1.5.1 Sport Brands
3.1.5.2 Textiles and Footwear
3.1.5.3 Devices for Particular Sports
3.1.5.4 Wearable Chemical Sensors
3.1.5.5 Concussion Detection
3.1.5.6 Objective Refereeing
3.2 Wearable Technology in Select Enterprise Verticals
3.2.1 Smart Workplace
3.2.2 Manufacturing
3.2.3 Healthcare and Medical
3.2.4 Other Enterprise Verticals
3.3 Wearables in an Enterprise Cloud Environment
3.4 Wearable Technology Adoption Factors
3.4.1 Enterprise Adoption Challenges
3.4.2 Industry Specific Factors
3.5 Wearable Device and Data Access Factors
3.6 Wearable Technology Growth Considerations
3.6.1 Continued Growth in Fitness and Health
3.6.2 Importance of Aesthetics
3.6.3 Beyond Glasses, Fitness Bands, and Watches
3.6.4 Ambient Internet of Things Impact on Wearables
3.6.5 Wearables, Data, and Analytics
3.6.6 Continued Downward Price Pressure
3.6.7 Expanding to Enterprise and Workplace
3.7 Wearable Technology Key Success Factors
3.8 Evolution of the Wearable Tech Ecosystem
3.9 Wearable Technology and Gaming
3.10 Wearable Technology in Marketing and Advertising
3.11 Advancements in Flexible Sensors and Nanosensors
4.0 Wearable Technology Company Analysis
4.1 Xiaomi Technology Co. Ltd.
4.2 BBK Electronics Industry Co. Ltd
4.3 Alphabet Inc.
4.4 Lifesense Group B.V.
4.5 Johnson & Johnson
4.6 Smiths Group plc
4.7 Roche Holding AG
4.8 Apple Inc.
4.9 Westunitis
4.10 Matrix Industries
4.11 Atlas Wearables Inc.
4.12 Athos
4.13 Ocutrx
4.14 Augmedix
4.15 Koninklijke Philips N.V
4.16 Qualcomm Inc.
4.17 Medtronic PLC
4.18 3L Labs
4.19 4iiii Innovations Inc.
4.20 Adidas America Inc.
4.21 Avegant Corp.
4.22 BSX Insight
4.23 Casio America Inc.
4.24 ConnectDevice Holding Ltd.
4.25 DAQRI
4.26 Seiko Epson Corp.
4.27 FitBit Inc. (Google)
4.28 RealWear
4.29 EarlySense
4.30 Brain Scientific
4.31 Neurotech
4.32 WizardWatch
4.33 Magic Leap
4.34 Vivalnk
4.35 HTC
4.36 Microsoft
4.37 Proteus
4.38 Stanford Biology
4.39 ActiveLinxx LLC
4.40 Foxtel
4.41 Free Wavz
4.42 Fujitsu
4.43 Garmin Ltd.
4.44 Glofaster
4.45 GOQii
4.46 Hövding
4.47 Huawei Technologies Co. Ltd.
4.48 iHealth Labs Inc.
4.49 StarVR Corp
4.50 Instabeat
4.51 Intel Corporation
4.52 Jaybird
4.53 Jumpy
4.54 Leapfrog Enterprises Inc.
4.55 LG Electronics
4.56 LifeBEAM Inc.
4.57 Meta Company
4.58 PAI Health
4.59 Misfit
4.60 Monster Inc.
4.61 Motorola
4.62 Nike Inc.
4.63 NTT Docomo Inc.
4.64 Oculus VR LLC
4.65 o-synce
4.66 Actofit Wearables
4.67 Pebble
4.68 Polar Electro
4.69 Qardio Inc.
4.70 Recon Instruments
4.71 Reebok International Limited
4.72 Samsung Electronics Co. Ltd.
4.73 ShotTracker
4.74 Sony Corporation
4.75 Soundbrenner Limited
4.76 Sqord Inc.
4.77 Suunto
4.78 North
4.79 Timex.com Inc.
4.80 Tlink
4.81 Tobii AB
4.82 Vuzix
4.83 Weartrons Labs
4.84 Xensr
4.85 Zepp US Inc.
4.86 ZTE Corporation
5.0 Global Wearable Market Analysis and Forecasts 2020 to 2027
5.1 Wearables Market by Unit Sales vs. Revenue 2022 – 2027
5.2 Wearables by Device Type 2022 – 2027
5.3 Wearable Applications 2022 – 2027
5.4 Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.5 Wearables by Industry 2022 – 2027
5.6 Wearables by Components 2022 – 2027
5.7 Managed Services for Wearables Devices 2022 – 2027
5.8 Wearables Market by Region 2022 – 2027
5.9 North America Wearables by Device Type 2022 – 2027
5.10 North America Wearable Applications 2022 – 2027
5.11 North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.12 North America Wearables by Industry 2022 – 2027
5.13 North America Wearables Market by Country 2022 – 2027
5.14 South America Wearables by Device Type 2022 – 2027
5.15 South America Wearable Applications 2022 – 2027
5.16 South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.17 South America Wearables by Industry 2022 – 2027
5.18 South America Wearables Market by Country 2022 – 2027
5.19 Europe Wearables by Device Type 2022 – 2027
5.20 Europe Wearable Applications 2022 – 2027
5.21 Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.22 Europe Wearables by Industry 2022 – 2027
5.23 Europe Wearables Market by Country 2022 – 2027
5.24 Asia Pacific Wearables by Device Type 2022 – 2027
5.25 Asia Pacific Wearables Applications 2022 – 2027
5.26 Asia Pacific Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.27 Asia Pacific Wearables by Industry 2022 – 2027
5.28 Asia Pacific Wearables Market by Country 2022 – 2027
5.29 Middle East and Africa Wearables by Device Type 2022 – 2027
5.30 Middle East and Africa Wearable Applications 2022 – 2027
5.31 Middle East and Africa Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
5.32 Middle East and Africa Wearables by Industry 2022 – 2027
5.33 Middle East and Africa Wearables Market by Country 2022 – 2027
6.0 Conclusions and Recommendations
Tables
Table 1: Wearable Unit Sales vs. Revenue 2022 – 2027
Table 2: Wearables by Device Type 2022 – 2027
Table 3: Wearables by Device Type Revenue 2022 – 2027
Table 4: Wearable Applications 2022 – 2027
Table 5: Wearable Applications Revenue 2022 – 2027
Table 6: Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 7: Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 8: Wearables by Industry 2022 – 2027
Table 9: Wearables by Industry Revenue 2022 – 2027
Table 10: Wearables by Components 2022 – 2027
Table 11: Managed Services for Wearables Devices 2022 – 2027
Table 12: Wearables Market by Region 2022 – 2027
Table 13: Wearables Market by Regional Revenue 2022 – 2027
Table 14: North America Wearables by Device Type 2022 – 2027
Table 15: North America Wearables by Device Type Revenue 2022 – 2027
Table 16: North America Wearable Applications 2022 – 2027
Table 17: North America Wearable Applications Revenue 2022 – 2027
Table 18: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 19: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 20: North America Wearables by Industry 2022 – 2027
Table 21: North America Wearables by Industry Revenue 2022 – 2027
Table 22: North America Wearables Market by Country 2022 – 2027
Table 23: North America Wearables Market by Country Revenue 2022 – 2027
Table 24: South America Wearables by Device Type 2022 – 2027
Table 25: South America Wearables by Device Type Revenue 2022 – 2027
Table 26: South America Wearable Applications 2022 – 2027
Table 27: South America Wearable Applications Revenue 2022 – 2027
Table 28: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 29: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 30: South America Wearables by Industry 2022 – 2027
Table 31: South America Wearables by Industry Revenue 2022 – 2027
Table 32: South America Wearables Market by Country 2022 – 2027
Table 33: South America Wearables Market by Country Revenue 2022 – 2027
Table 34: Europe Wearables by Device Type 2022 – 2027
Table 35: Europe Wearables by Device Type Revenue 2022 – 2027
Table 36: Europe Wearable Applications 2022 – 2027
Table 37: Europe Wearable Applications Revenue 2022 – 2027
Table 38: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 39: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 40: Europe Wearables by Industry 2022 – 2027
Table 41: Europe Wearables by Industry Revenue 2022 – 2027
Table 42: Europe Wearables Market by Country 2022 – 2027
Table 43: Europe Wearables Market by Country Revenue 2022 – 2027
Table 44: APAC Wearables by Device Type 2022 – 2027
Table 45: APAC Wearables by Device Type Revenue 2022 – 2027
Table 46: APAC Wearables Applications 2022 – 2027
Table 47: APAC Wearables Applications Revenue 2022 – 2027
Table 48: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 49: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 50: APAC Wearables by Industry 2022 – 2027
Table 51: APAC Wearables by Industry Revenue 2022 – 2027
Table 52: APAC Wearables Market by Country 2022 – 2027
Table 53: APAC Wearables Market by Country Revenue 2022 – 2027
Table 54: MEA Wearables by Device Type 2022 – 2027
Table 55: MEA Wearables by Device Type Revenue 2022 – 2027
Table 56: MEA Wearable Applications 2022 – 2027
Table 57: MEA Wearable Applications Revenue 2022 – 2027
Table 58: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 – 2027
Table 59: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 – 2027
Table 60: MEA Wearables by Industry 2022 – 2027
Table 61: MEA Wearables by Industry Revenue 2022 – 2027
Table 62: MEA Wearables Market by Country 2022 – 2027
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