US Consumer Wearables Market: 5-Year Forecast, 2014-2019
The U.S. consumer wearables market is expected to reach $9.7 billion by 2020, with growth driven by key form factors such as fitness bands, wrist worn devices and smart watches. This Compass Intelligence report includes a 5-year forecast for the U.S. consumer wearables market. Included in this report are revenues by form factor, unit sales by form factor and, average price per unit by form factor. In addition, annual growth rates, and Compound Annual Growth rates accompany each forecast. Form factors include: Fitness Bands/Wrist Worn, Smart Watches, Goggles/VR, Smart Glasses/Head Worn, Wearable Cameras, Smart Clothing, Medical/Health Monitoring, and Other. The terms wearable technology, wearable devices, and wearables all refer to electronic technologies or computers that are incorporated into items of clothing and accessories, which can comfortably be worn on the body including implantables. These wearable devices can perform many of the same computing tasks as mobile phones and laptop computers.
Sources: Compass Intelligence’s segment and market forecasts, which include business expenditures, market demographics, and usage and adoption statistics are built using multiple sources, including proprietary Compass Intelligence research. These sources include, but are not limited to, secondary research, government data and statistics (e.g. Department of Commerce, Federal Communication Commission, Bureau of Labor Statistics and US Census Bureau), primary research, vendor-based research and in-depth interviews with key decision-makers, where relevant. Compass Intelligence selects data sources to provide greatest degree of perspective on each market or segment, in addition to the highest level of data accuracy, stability, and consistency over time.