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Wearable Tech - Thematic Intelligence

Publisher GlobalData
Published Sep 11, 2023
Length 69 Pages
SKU # GBDT18249308

Description

Wearable Tech - Thematic Intelligence


Summary

The wearable tech industry was worth $99.5 billion in 2022 and will reach $290.6 billion by 2030, expanding at a compound annual growth rate (CAGR) of 14.3% between 2022 and 2030, according to GlobalData forecasts.

Sales of hearables and smartwatches will drive growth in the market. Integration of artificial intelligence (AI) could usher in a new era of interactive and intelligent wearable devices, offering improved user experiences. The next generation of hearables will be designed for greater comfort, provide longer battery life, and feature immersive spatial audio, health monitoring, and AI-based communication.

Key Highlights

Enterprises will be a key market for wearable tech devices over the next three years, outpacing the consumer segment. Wearable tech devices are currently deployed across logistics, defense, manufacturing, travel and tourism, and healthcare, primarily for training and remote support. Healthcare, particularly patient monitoring, remote training and support, and telehealth services, holds significant promise. Creating devices that can be used for longer, are lightweight, and have practical use cases will help companies generate demand and revenue.

The growth of the smartwatch market is driven by consumer interest in health and fitness tracking. With health monitoring features and capabilities advancing beyond just recording activity, smartwatches will continue to challenge the relevance of fitness trackers.

Smart glasses and virtual reality (VR) headsets have been around for some time but have not become mainstream due to a dearth of compelling use cases, high prices, and privacy concerns. Companies that can find a niche and create compelling use cases will have the best chance of succeeding.

Scope
  • This report provides an overview of the wearable tech theme.
  • It identifies the key trends impacting growth of the sector over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
  • In includes a comprehensive industry analysis, outlining the key growth areas and potential use cases.
  • It identifies the best-positioned players in the wearable tech industry, across all segments of the value chain.
  • The report also includes a timeline charting the development of the wearable tech theme.
Reasons to Buy
  • Wearable tech is a key market in the broader Internet of Things industry. It has garnered significant attention and hype in the last decade, thanks to the popularity of devices such as Fitbit fitness bands and Apple Watches. As the underlying technologies advance, wearables could potentially transform how we interact, monitor health and well-being, and consume digital content in immersive environments.
  • The report is an invaluable guide to this disruptive theme, including a breakdown of the wearable tech value chain and profiles of leading vendors.

Table of Contents

69 Pages
Executive Summary
Players
Technology Briefing
Input
Internal data input components
External data input components
Output
Displays
Speakers
Platform technologies
OSs
APIs
Power sources
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Market size and growth forecasts
Hearables will remain the largest wearables segment from 2019 through 2030
Major consumer electronics companies are heavily involved in wearable tech
Use cases
Healthcare
Timeline
Signals
M&A trends
Patent trends
Hiring trends
Social media trends
Value Chain
Physical layer
Smartwatches
Fitness trackers
Hearables
Smart glasses
VR headsets
AR headsets
Smart clothing
Connectivity layer
Data layer
App layer
Apps
Platforms
Services layer
Integration services
Consulting services
Companies
Sector Scorecard
Consumer electronics sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Technology trends
Table 2: Macroeconomic trends
Table 3: Regulatory trends
Table 4: M&A trends
Table 5: Companies
Table 6: Glossary
Table 7: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the wearable tech theme, and where do they sit in the value chain?
Figure 2: Wearable devices are classified into these seven categories
Figure 3: Critical components of wearable tech devices
Figure 4: The wearable tech market will be worth $290.6 billion by 2030
Figure 5: Hearables will continue to be the leading revenue contributor between 2019 and 2030
Figure 6: Samsung Electronics, Lenovo, and Huawei are heavily involved in wearable tech
Figure 7: Wearables in healthcare
Figure 8: Wearables in travel and tourism & AR smart glasses in law enforcement
Figure 9: AR smart glasses in logistics & manufacturing
Figure 10: The wearable tech story
Figure 11: Wearable tech patent activity dipped in 2022
Figure 12: The US and China dominate wearable tech patent publications
Figure 13: The number of active wearable tech job postings increased in 2022 despite economic uncertainty
Figure 14: Apple is actively hiring in the wearable tech space
Figure 15: Total social media posts continued to increase between 2019 and 2022
Figure 16: The US, India, and the UK are top locations by mentions
Figure 17: The IoT value chain
Figure 18: Wearable tech value chain - Smartwatches: leaders and challengers
Figure 19: Wearable tech value chain - Fitness trackers: leaders and challengers
Figure 20: Wearable tech value chain - Hearables: leaders and challengers
Figure 21: Wearable tech value chain - Smart glasses: leaders and challengers
Figure 22: Wearable tech value chain - VR headsets: leaders and challengers
Figure 23: Wearable tech value chain - AR headsets: leaders and challengers
Figure 24: Wearable tech value chain - Smart clothing: leaders and challengers
Figure 25: Wearable tech value chain - App layer: leaders and challengers
Figure 26: Who does what in the consumer electronics space?
Figure 27: Thematic screen
Figure 28: Valuation screen
Figure 29: Risk screen
Figure 30: Our five-step approach for generating a sector scorecard

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