Wearables Technology Market to Reach $16B in 2015


Reading time ( words)

The global wearable technology market has thus far not quite delivered upon previous expectations of revenues, consumer adoption and even technological advances. However, 2015 might be the breakthrough year in which wearables begin to achieve that mass market acceptance that has long been expected. One of the main reasons is the entrance of Apple to the SmartWatches market, which will disrupt not only the SmartWatches market, but the overall size of the wearable technology market.

Visiongain has assessed that the value of the global wearables technology market in 2015 will reach $16.1bn.

For example, as the Apple SmartWatch will deliver many of the applications already delivered by Fitness and Activity Trackers, companies competing with Smart Bracelets and other trackers will suffer market loss and by 2018 they could see a great disruption to their specific market. The global market for Wearable Cameras could also be facing dramatic changes, but this will not be caused by the entrance of new competitors; instead this will be caused by changing consumer demand and rapid penetration in highly developed economies. This will trigger changes in the business strategies of the dominant brands, and will enhance the revenue models for these devices.

Contrastingly, AR Glasses and e-Textiles will not deliver dramatic results as in the near future, these technologies will not deliver great value to consumers or business users. Instead, most of the shipments and revenue growth for these submarkets will come after 2018, where there will be strategic changes in terms of technologies, applications and costs.

Overall, each of the submarkets and regional markets within the wearables industry will deliver different business opportunities, but are also expected to face challenges which include regulatory decisions in the case of mHealth, low added value in terms of SmartWatches or high saturation levels for Wearable Cameras.

Why you should buy Wearable Technology Market Forecast 2015-2020: Leading Companies in Smartwatches, Fitness & Activity Trackers, mHealth, Cameras, AR Glasses & e-Textiles
What is the future for the wearable technology market? Visiongain's comprehensive analysis contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.

Share

Print


Suggested Items

CES 2020: The Intelligence of Things

01/06/2020 | Nolan Johnson, I-Connect007
Show week for CES 2020 starts well ahead of the actual exhibition dates because it is huge. The organizers of CES state that there are more than 4,400 exhibiting companies and nearly three million net square feet of exhibit space. On the floor, you can find 307 of the 2018 Fortune Global 500 companies. Over the week, I-Connect007 Editors Dan Feinberg and Nolan Johnson will bring you some of the most interesting news, products, and announcements from 5G to IoT, semiconductor developments, autonomous vehicle technology, interconnect, fabrication materials, and much more.

NASA Sounding Rocket Technology Could Enable Simultaneous, Multi-Point Measurements — First-Ever Capability

10/21/2019 | NASA
NASA engineers plan to test a new avionics technology — distributed payload communications — that would give scientists a never-before-offered capability in sounding rocket-based research.

For Climbing Robots, the Sky's the Limit

07/15/2019 | NASA
Robots can drive on the plains and craters of Mars, but what if we could explore cliffs, polar caps and other hard-to-reach places on the Red Planet and beyond? Designed by engineers at NASA's Jet Propulsion Laboratory in Pasadena, California, a four-limbed robot named LEMUR (Limbed Excursion Mechanical Utility Robot) can scale rock walls, gripping with hundreds of tiny fishhooks in each of its 16 fingers and using artificial intelligence (AI) to find its way around obstacles.



Copyright © 2020 I-Connect007. All rights reserved.