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Global Smart Wearable Lifestyle Devices and Services Market 2016-2020

Global Smart Wearable Lifestyle Devices and Services Market 2016-2020

About Smart Wearable Lifestyle Devices

Smart wearable lifestyle devices are portable devices fastened on a user's body to measure the parameters related to their health and well-being helping them to take a proper decision regarding them. For instance, a wearable lifestyle device used to measure the quality of sleep helps in analyzing a user’s sleeping habits and taking precaution accordingly. Similarly, a smart glass enables a user to read a barcode of a product and acquire detailed information about the product to make the right purchasing decision.

Technavio’s analysts forecast the global smart wearable lifestyle devices and services market to grow at a CAGR of 15.75% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart wearable lifestyle devices and services market for 2016-2020. To calculate the market size, the report considers the revenue generated by telecommunication operators in the smart wearable services market.

The market is divided into the following segments based on geography:

  • APAC and ROW
  • North America
  • Western Europe
Technavio's report, Global Smart Wearable Lifestyle Devices and Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Adidas
  • Apple
  • Fitbit
  • Garmin
  • Google
  • Jawbone
  • Nike
  • Samsung
  • Sony
  • AT&T
  • EE
  • Sprint
  • Telefónica
Other prominent vendors
  • Agent
  • Atheer Labs
  • Atlas Wearables
  • Beartek
  • Bia Sport
  • Bragi
  • Brilliant Services
  • BSX Insight
  • Buhel
  • Carre Technologies
  • Casio
  • Emotiv Systems
  • Epson America
  • Force Impact Technologies
  • Glassup
  • Goqii
  • Healbe
  • Intelligent Headset
  • Keryos
  • KMS
  • Lechal
  • Logbar
  • Microsoft
  • Mio
  • Movable
  • Neptune
  • Netatmo
  • Optinvent
  • Orpyx Medical Technologies
  • Owlet
  • Pixie Scientific
  • Razer
  • Steeper
  • Sensible Baby
  • Seraphim Sense
  • Skully Helmets
  • Somaxis
  • Sproutling
  • Sqord
  • Sunfriend
  • Suunto
  • TWare
  • Tarsier
  • Vuzix
  • Wellograph
Market driver
  • Increased demand for wearable lifestyle devices
  • For a full, detailed list, view our report
Market challenge
  • Lack of data privacy and security
  • For a full, detailed list, view our report
Market trend
  • Convergence of fashion and technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Wearable Lifestyle Devices and Services Market 2016-2020

Technavio recognizes the following companies as the key players in the global smart wearable lifestyle devices and services market: Adidas, Apple, Fitbit, Garmin, Google, Jawbone, Nike, Samsung, Sony, AT&T, EE, Sprint, and Telefónica.

Other Prominent Vendors in the market are: Agent, Atheer Labs, Atlas Wearables, Beartek, Bia Sport, Bragi, Brilliant Services, BSX Insight, Buhel, Carre Technologies, Casio, Emotiv Systems, Epson America, Force Impact Technologies, Glassup, Goqii, Healbe, Intelligent Headset, Keryos, KMS, Lechal, Logbar, Microsoft, Mio, Movable, Neptune, Netatmo, Optinvent, Orpyx Medical Technologies, Owlet, Pixie Scientific, Razer, Steeper, Sensible Baby, Seraphim Sense, Skully Helmets, Somaxis, Sproutling, Sqord, Sunfriend, Suunto, TWare, Tarsier, Vuzix, and Wellograph.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be decline in cost of smart wearable lifestyle device. A significant decline in the ASP of smart wearable devices in the developed countries has increased the adoption rate of these devices. In 2012, the ASP of most of the devices that were sampled was recorded to be $800, depending on the application. The amount has declined to $250-300 in 2016. The significant decline in the cost of wearable devices has increased the adoption rate of these devices both in developed and developing countries. Initially, the adoption of these devices was confined to developed countries because of the high cost. However, with the decline in cost, vendors have shifted their focus to developing countries to increase their revenue and market base.”

According to the report, growing use of smart glasses will be a key driver for market growth. Smart glasses are portable devices that provide real-time entertainment and gaming experiences to end-users. These glasses enable users to capture 3D images, stream virtual videos, and enhance their virtual gaming experience. Google Glass provides a platform for consumers to share their videos and pictures on social networking websites such as Facebook and Twitter with the help of pre-installed apps. It also provides Google maps. The adoption of smart glasses is high in North America and Western Europe. However, the deployment of high-speed internet connections will increase the demand for smart glasses in the emerging regions. Google Glass and Epson Moverio BT-200 figure among the smart glasses commonly used by end-users to enhance their overall entertainment and gaming experience. Thus, the increased use of smart wearable devices such as smart glasses will raise market growth in the future.

Further, the report states that smart wearable devices have design constraints, which is one of the significant challenges faced by the consumer smart wearable technology market worldwide. By using normal wearable accessories that include wristbands, watches, jewelry, and glasses, individuals make a fashion statement for their personal identity. These wearable items reveal the user's fashion trend. Most of the smart wearable device manufacturers focused on technology rather than design. For instance, most of the smart watches have processors and components as its main constituent that is intended for smartphones. As a result, they are bulkier than a standard watch. In the same way, smart wearable eyewear may not reflect the user's fashion preferences.

Companies Mentioned

Adidas, Apple, Fitbit, Garmin, Google, Jawbone, Nike, Samsung, Sony, AT&T, EE, Sprint, Telefónica, Agent, Atheer Labs, Atlas Wearables, Beartek, Bia Sport, Bragi, Brilliant Services, BSX Insight, Buhel, Carre Technologies, Casio, Emotiv Systems, Epson America, Force Impact Technologies, Glassup, Goqii, Healbe, Intelligent Headset, Keryos, KMS, Lechal, Logbar, Microsoft, Mio, Movable, Neptune, Netatmo, Optinvent, Orpyx Medical Technologies, Owlet, Pixie Scientific, Razer, Steeper, Sensible Baby, Seraphim Sense, Skully Helmets, Somaxis, Sproutling, Sqord, Sunfriend, Suunto, TWare, Tarsier, Vuzix, and Wellograph.

  • Executive summary
    • Highlights
  • Scope of the report
    • .Market overview
    • Top-vendor offerings
      • Table Product offerings
      • Table Service offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global smart wearable lifestyle devices and services: Market overview
      • Table History of wearable devices market
      • Table Key attributes of smart wearable devices
      • Table Value chain of smart wearables
    • Market size and forecast: Devices
      • Table Global smart wearable lifestyle devices market 2015-2020 ($ billions)
      • Table ASP of smart wearable lifestyle devices ($ millions)
      • Table Shipment of smart wearable lifestyle devices ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by category
    • Global smart wearable lifestyle devices market by category
      • Table Global smart wearable lifestyle devices market by category 2015 (%)
      • Table Global smart wearable lifestyle devices market by category 2015-2020 ($ billions)
    • Luxury products
      • Table Global smart wearable lifestyle devices market by luxury products 2015-2020 ($ billions)
    • General products
      • Table Global smart wearable lifestyle devices market by general products 2015-2020 ($ billions)
  • Market segmentation by products
    • Global smart wearable lifestyle devices market by products
      • Table Global smart wearable lifestyle devices market by products 2015 (%)
      • Table Global smart wearable lifestyle devices market by products 2015-2020 ($ billions)
    • Fitness and lifestyle devices
      • Table Global smart wearable lifestyle devices market by fitness and lifestyle devices 2015-2020 ($ billions)
    • Smart watches
      • Table Global smart wearable lifestyle devices market by smart watches 2015-2020 ($ billions)
    • Smart glasses
      • Table Global smart wearable lifestyle devices market by smart glasses 2015-2020 ($ billions)
  • Geographical segmentation
    • Global smart wearable lifestyle services market by geography
      • Table Global smart wearable lifestyle services market segmentation by geography 2015 (%)
      • Table Global smart wearable lifestyle services market by geography 2015-2020 ($ billions)
    • North America
      • Table Smart wearable lifestyle services market in North America 2015-2020 ($ billions)
    • Western Europe
      • Table Smart wearable lifestyle services market in Western Europe 2015-2020 ($ billions)
    • APAC and ROW
      • Table Smart wearable lifestyle services market in APAC and ROW 2015-2020 ($ millions)
  • Market drivers
    • Table Percentage of activity monitoring device owners by age in US 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table M&A
  • Key vendor analysis: Products
    • Adidas
    • Apple
    • Fitbit
    • Garmin
    • Google
    • Jawbone
    • Nike
    • Samsung
    • Sony
  • Key vendor analysis: Services
    • AT&T
    • EE
    • Sprint
    • Telefónica
    • Emerging vendors
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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