Consumer Goods: Wearable Technologies in Clothing 2014 - 2019
The convergence of digital technology and apparel represents a huge opportunity as the telecom, electronics, clothing, and accessories industries cooperate to bring wearable technology to the consumer in a very personal way. While some wearable technology examples represent trendy fashion statements, others bring more than form as high function becomes a reality, particularly in the health and fitness sub-segment.
We see certain wearable technologies in clothing as fully integrated, stand-alone offerings while others are enablers of others such as sensors. Wearable sensors must be flexible, durable, multifunctional and washable to be used in clothing. Most wearable sensors made of pouring a liquid polymer insulator over nanowires attached to a silicon plate. Sensors get integrated into clothing or can be in direct contact with the human skin.
This research evaluates wearable technology in clothing including current offerings, anticipated future solutions, and the overall industry outlook. The report also provides forecasting for 2015 to 2020.
Health and fitness industry
Clothing and accessory industry
Wearable technology companies
Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.
We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.
In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.
We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.
We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.
Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.
Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.
Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.