Wearable electronics refers to electronics embedded in wearables, such as accessories and clothing. Wearable electronics are equipped with miniaturized devices such as microchips and sensors, which provide them the capability to compute like cell phones and laptops. The electronic devices embedded in wearables collet data and track activities, allowing wearers access to information in real time. Wearable devices such as Google glasses, smart bands, smart watches, and smart clothing monitor real-time fitness, heart rate, sleep statistics, calories, and provide valuable insights on health. One of the important aspects of wearable technology is the ability to provide its users hands-free access to electronics and computers. Some wearable devices, such as smartwatches, have the capability to call, send and receive text messages, and receive notifications.
Technavio's analysts forecast the wearable electronics market in the US to grow at a CAGR of 69.53% in terms of unit shipment over the period 2014-2019.
Covered in this report
This report covers the current scenario and growth prospects of the wearable electronics market in the US for the period of 2015-2019. To calculate the market size, the report considers revenue generated through sales of various wearable electronic devices, including:
Helmet mounted displays
Technavio's report, Wearable Electronics Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the wearable electronics market in the US and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.Key vendors
Miniaturization of electronic devices
For a full, detailed list, view our reportMarket challenge
For a full, detailed list, view our report.Market trend
Adoption of wearable technology by enterprises in US
For a full, detailed list, view our reportKey questions answered in this report
What will the market size be in 2019 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?
Technavio Announces the Publication of its Research Report – Wearable Electronics Market in US 2015-2019
Technavio recognizes the following companies as the key players in the Wearable Electronics Market in US: Adidas, Apple, BAE Systems, Carré Technologies, Fitbit, Garmin, Google, Jawbone, Kopin, LG Electronics, Ohmatex, OMSignal, Recon Instruments, Rockwell Collins, Samsung Electronics, Seiko Epson, Sony, and Vuzix.
Commenting on the report, an analyst from Technavio’s team said: “As these devices depend on various advanced technologies, the market has huge scope for innovation. Many small and large vendors in the market provide various devices equipped with the latest technologies at competitive prices.”
According to the report, the high growth potential of wearable technology is luring vendors from different markets to make investments and enter into strategic collaborations to tap the immense potential of this market.
Further, the report states, a key challenge faced by this market is that wearable electronics consume lot of power due to constant connectivity with wireless networks, GPS, and other technologies.