Wearable Technology Market Outlook and Forecasts 2020 – 2027
This research evaluates the current state of the wearable technology ecosystem including devices, applications, and industry segments. The report addresses wearables in consumer and business, key challenges, market players, and solutions. The report also provides an outlook for the future of wearable technology and forecasts for the period 2020 to 2025.
Wearable technology presents the potential for massive transformation in many industries. The more obvious ones include consumer electronics and communications. Early adopter industries include clothing, healthcare, sports and fitness. However, we see many industries adopting wearable technologies as computing and wireless communications integrate wearable into virtually every aspect of products and services.
At the consumer level, increased perception of value and willingness to engage in wearable tech apps and services is building as new forms of communications, content, applications, and commerce become available. As WiFi6 is increasingly deployed in various public venues such as train stations and airports, companies will offer virtual reality as a means of infotainment and advertising, which will drive wearable technology sales and rentals. In addition, new consumer users of immersive technology will drive adoption and usage of wearable technology due to improved portability and mobility associated with 5G.
Mind Commerce sees several factors converging to facilitate wearable technology integration including expanded wireless capacity due to pervasive wireless (WiFi6, LTE, and 5G) and the need for wireless companies to establish new revenue streams, continuously decreasing cost of data, and the significant backing from huge companies including Google, Apple, and others. We also see developments in key technologies such as augmented reality, virtual reality, and next generation telepresence.
In terms of wearable technology evolution, we see body area networks becoming a larger factor along with IoT integration involving sensors and haptic interfaces to provide feedback loop that provide ambient awareness, increased performance, and user satisfaction for many immersive technology applications.
Target Audience:
• Internet of Things companies
• Wireless device manufacturers
• Consumer electronics companies
• Wearable technology developers
• Embedded computing companies
• Wireless service providers of all types
Select Report Benefits:
• Forecasts for all major wearable tech areas 2020 to 2025
• Identify drivers and challenges for wearable technology adoption and usage
• Learn about new wearable technology business models such as pay-per-gaze
• Identify market leaders and strategies within the wearable technology ecosystem
• Understand the importance of consumer privacy and security for wearable operation
Select Report Findings:
• North America and South America are the largest and fastest growing markets respectively
• Wearable technology data as a managed service will reach $220 million USD globally by 2025
• Leading industries for wearable technology will be healthcare, sports and fitness, and manufacturing
• While fastest growing area within enterprise, hospitality services will remain small fraction of the market
• Driven by manufacturing, industrial sector in Europe is anticipated to represent an over $800 million by 2025
Companies in Report:
• Actofit Wearables
• Alphabet Inc.
• Athos
• BBK Electronics
• HTC
• Huawei
• Johnson & Johnson
• Leapfrog Enterprises Inc.
• LG Electronics
• Lifesense Group B.V.
• Magic Leap
• Matrix Industries
• Medtronic PLC
• Meta Vision
• Microsoft
• Misfit
• Motorola
• Nike Inc.
• North
• NTT DoCoMo Inc.
• Oculus (Facebook)
• Ocutrx
• o-synce
• PAI Health
• Polar Electro
• Proteus
• Qardio Inc.
• Reebok International Limited
• Roche Holding AG
• Samsung Electronics Co. Ltd.
• ShotTracker
• Smiths Group plc
• Sony Corporation
• Soundbrenner Limited
• Sqord Inc.
• Stanford Biology
• StarVR Corp
• Suunto
• Timex.com Inc.
• Tobii AB
• Vivalnk
• Vuzix
• Weartrons Labs
• Westunitis
• WizardWatch
• Xensr
• Xiaomi Technology Co. Ltd.
• Zepp US Inc.
• ZTE Corporation
- 1.0 Executive Summary
- 2.0 Introduction
- 2.1 Wearable Technology Overview
- 2.2 Wearable Technology Market: Demand vs. Supply Side
- 2.3 Wearable Technology Market Opportunities
- 2.4 Wearable Technology Market Constraints
- 2.4.1 Design Constraints
- 2.4.2 High Power Consumption
- 2.4.3 High Investment Cost and High Price
- 2.4.4 Lack Network Security and Data Privacy
- 2.4.5 Usage Restrictions
- 3.0 Wearable Technology and Solution Analysis
- 3.1 Wearable Technology Devices and Applications
- 3.1.1 Personal Health and Fitness Management
- 3.1.1.1 Activity Trackers
- 3.1.1.2 GPS Monitoring
- 3.1.1.3 Other Wearable Devices
- 3.1.2 Personal Health Insurance
- 3.1.3 Prevention, Diagnosis, and Management of Disease
- 3.1.4 Healthcare and Medical Devices
- 3.1.5 Sports Performance Enhancement
- 3.1.5.1 Sport Brands
- 3.1.5.2 Textiles and Footwear
- 3.1.5.3 Devices for Particular Sports
- 3.1.5.4 Wearable Chemical Sensors
- 3.1.5.5 Concussion Detection
- 3.1.5.6 Objective Refereeing
- 3.2 Wearable Technology in Select Enterprise Verticals
- 3.2.1 Smart Workplace
- 3.2.2 Manufacturing
- 3.2.3 Healthcare and Medical
- 3.2.4 Other Enterprise Verticals
- 3.3 Wearables in an Enterprise Cloud Environment
- 3.4 Wearable Technology Adoption Factors
- 3.4.1 Enterprise Adoption Challenges
- 3.4.2 Industry Specific Factors
- 3.5 Wearable Device and Data Access Factors
- 3.6 Wearable Technology Growth Considerations
- 3.6.1 Continued Growth in Fitness and Health
- 3.6.2 Importance of Aesthetics
- 3.6.3 Beyond Glasses, Fitness Bands, and Watches
- 3.6.4 Ambient Internet of Things Impact on Wearables
- 3.6.5 Wearables, Data, and Analytics
- 3.6.6 Continued Downward Price Pressure
- 3.6.7 Expanding to Enterprise and Workplace
- 3.7 Wearable Technology Key Success Factors
- 3.8 Evolution of the Wearable Tech Ecosystem
- 3.9 Wearable Technology and Gaming
- 3.10 Wearable Technology in Marketing and Advertising
- 3.11 Advancements in Flexible Sensors and Nanosensors
- 4.0 Wearable Technology Company Analysis
- 4.1 Xiaomi Technology Co. Ltd.
- 4.2 BBK Electronics Industry Co. Ltd
- 4.3 Alphabet Inc.
- 4.4 Lifesense Group B.V.
- 4.5 Johnson & Johnson
- 4.6 Smiths Group plc
- 4.7 Roche Holding AG
- 4.8 Apple Inc.
- 4.9 Westunitis
- 4.10 Matrix Industries
- 4.11 Atlas Wearables Inc.
- 4.12 Athos
- 4.13 Ocutrx
- 4.14 Augmedix
- 4.15 Koninklijke Philips N.V
- 4.16 Qualcomm Inc.
- 4.17 Medtronic PLC
- 4.18 3L Labs
- 4.19 4iiii Innovations Inc.
- 4.20 Adidas America Inc.
- 4.21 Avegant Corp.
- 4.22 BSX Insight
- 4.23 Casio America Inc.
- 4.24 ConnectDevice Holding Ltd.
- 4.25 DAQRI
- 4.26 Seiko Epson Corp.
- 4.27 FitBit Inc. (Google)
- 4.28 RealWear
- 4.29 EarlySense
- 4.30 Brain Scientific
- 4.31 Neurotech
- 4.32 WizardWatch
- 4.33 Magic Leap
- 4.34 Vivalnk
- 4.35 HTC
- 4.36 Microsoft
- 4.37 Proteus
- 4.38 Stanford Biology
- 4.39 ActiveLinxx LLC
- 4.40 Foxtel
- 4.41 Free Wavz
- 4.42 Fujitsu
- 4.43 Garmin Ltd.
- 4.44 Glofaster
- 4.45 GOQii
- 4.46 Hövding
- 4.47 Huawei Technologies Co. Ltd.
- 4.48 iHealth Labs Inc.
- 4.49 StarVR Corp
- 4.50 Instabeat
- 4.51 Intel Corporation
- 4.52 Jaybird
- 4.53 Jumpy
- 4.54 Leapfrog Enterprises Inc.
- 4.55 LG Electronics
- 4.56 LifeBEAM Inc.
- 4.57 Meta Company
- 4.58 PAI Health
- 4.59 Misfit
- 4.60 Monster Inc.
- 4.61 Motorola
- 4.62 Nike Inc.
- 4.63 NTT Docomo Inc.
- 4.64 Oculus VR LLC
- 4.65 o-synce
- 4.66 Actofit Wearables
- 4.67 Pebble
- 4.68 Polar Electro
- 4.69 Qardio Inc.
- 4.70 Recon Instruments
- 4.71 Reebok International Limited
- 4.72 Samsung Electronics Co. Ltd.
- 4.73 ShotTracker
- 4.74 Sony Corporation
- 4.75 Soundbrenner Limited
- 4.76 Sqord Inc.
- 4.77 Suunto
- 4.78 North
- 4.79 Timex.com Inc.
- 4.80 Tlink
- 4.81 Tobii AB
- 4.82 Vuzix
- 4.83 Weartrons Labs
- 4.84 Xensr
- 4.85 Zepp US Inc.
- 4.86 ZTE Corporation
- 5.0 Global Wearable Market Analysis and Forecasts 2020 to 2027
- 5.1 Wearables Market by Unit Sales vs. Revenue 2020 - 2027
- 5.2 Wearables by Device Type 2020 - 2027
- 5.3 Wearable Applications 2020 - 2027
- 5.4 Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.5 Wearables by Industry 2020 - 2027
- 5.6 Wearables by Components 2020 - 2027
- 5.7 Managed Services for Wearables Devices 2020 - 2027
- 5.8 Wearables Market by Region 2020 - 2027
- 5.9 North America Wearables by Device Type 2020 - 2027
- 5.10 North America Wearable Applications 2020 - 2027
- 5.11 North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.12 North America Wearables by Industry 2020 - 2027
- 5.13 North America Wearables Market by Country 2020 - 2027
- 5.14 South America Wearables by Device Type 2020 - 2027
- 5.15 South America Wearable Applications 2020 - 2027
- 5.16 South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.17 South America Wearables by Industry 2020 - 2027
- 5.18 South America Wearables Market by Country 2020 - 2027
- 5.19 Europe Wearables by Device Type 2020 - 2027
- 5.20 Europe Wearable Applications 2020 - 2027
- 5.21 Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.22 Europe Wearables by Industry 2020 - 2027
- 5.23 Europe Wearables Market by Country 2020 - 2027
- 5.24 Asia Pacific Wearables by Device Type 2020 - 2027
- 5.25 Asia Pacific Wearables Applications 2020 - 2027
- 5.26 Asia Pacific Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.27 Asia Pacific Wearables by Industry 2020 - 2027
- 5.28 Asia Pacific Wearables Market by Country 2020 - 2027
- 5.29 Middle East and Africa Wearables by Device Type 2020 - 2027
- 5.30 Middle East and Africa Wearable Applications 2020 - 2027
- 5.31 Middle East and Africa Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 - 2027
- 5.32 Middle East and Africa Wearables by Industry 2020 - 2027
- 5.33 Middle East and Africa Wearables Market by Country 2020 - 2027
- 6.0 Conclusions and Recommendations
- Figures
- Figure 1: Wearable Technology to Human Body
- Figure 2: Wearable Technology Ecosystem
- Figure 3: IoT Dashboard and Wearable Technology
- Figure 4: Smartphone Alert of Blocked IoT Connection Attempt
- Figure 5: Smart Watch Alert of Blocked IoT Connection Attempt
- Figure 6: Wearable Technology Communication Evolution
- Figure 7: Wearable Advertising and “Pay per Gaze”
- Figure 8: Wearable Advertising and “Pay per Emotion”
- Figure 9: Wearable Unit Sales vs. Revenue 2020 – 2027
- Figure 10: Wearables by Device Type 2020 – 2027
- Figure 11: Wearables by Device Type Revenue 2020 – 2027
- Figure 12: Wearable Applications 2020 – 2027
- Figure 13: Wearable Applications Revenue 2020 – 2027
- Figure 14: Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 15: Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 16: Wearables by Industry 2020 – 2027
- Figure 17: Wearables by Industry Revenue 2020 – 2027
- Figure 18: Wearables by Components 2020 – 2027
- Figure 19: Managed Services for Wearables Devices 2020 – 2027
- Figure 20: Wearables Market by Region 2020 – 2027
- Figure 21: Wearables Market by Regional Revenue 2020 – 2027
- Figure 22: North America Wearables by Device Type 2020 – 2027
- Figure 23: North America Wearables by Device Type Revenue 2020 – 2027
- Figure 24: North America Wearable Applications 2020 – 2027
- Figure 25: North America Wearable Applications Revenue 2020 – 2027
- Figure 26: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 27: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 28: North America Wearables by Industry 2020 – 2027
- Figure 29: North America Wearables by Industry Revenue 2020 – 2027
- Figure 30: North America Wearables Market by Country 2020 – 2027
- Figure 31: North America Wearables Market by Country Revenue 2020 – 2027
- Figure 32: South America Wearables by Device Type 2020 – 2027
- Figure 33: South America Wearables by Device Type Revenue 2020 – 2027
- Figure 34: South America Wearable Applications 2020 – 2027
- Figure 35: South America Wearable Applications Revenue 2020 – 2027
- Figure 36: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 37: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 38: South America Wearables by Industry 2020 – 2027
- Figure 39: South America Wearables by Industry Revenue 2020 – 2027
- Figure 40: South America Wearables Market by Country 2020 – 2027
- Figure 41: South America Wearables Market by Country Revenue 2020 – 2027
- Figure 42: Europe Wearables by Device Type 2020 – 2027
- Figure 43: Europe Wearables by Device Type Revenue 2020 – 2027
- Figure 44: Europe Wearable Applications 2020 – 2027
- Figure 45: Europe Wearable Applications Revenue 2020 – 2027
- Figure 46: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 47: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 48: Europe Wearables by Industry 2020 – 2027
- Figure 49: Europe Wearables by Industry Revenue 2020 – 2027
- Figure 50: Europe Wearables Market by Country 2020 – 2027
- Figure 51: Europe Wearables Market by Country Revenue 2020 – 2027
- Figure 52: APAC Wearables by Device Type 2020 – 2027
- Figure 53: APAC Wearables by Device Type Revenue 2020 – 2027
- Figure 54: APAC Wearables Applications 2020 – 2027
- Figure 55: APAC Wearables Applications Revenue 2020 – 2027
- Figure 56: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 57: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 58: APAC Wearables by Industry 2020 – 2027
- Figure 59: APAC Wearables by Industry Revenue 2020 – 2027
- Figure 60: APAC Wearables Market by Country 2020 – 2027
- Figure 61: APAC Wearables Market by Country Revenue 2020 – 2027
- Figure 62: MEA Wearables by Device Type 2020 – 2027
- Figure 63: MEA Wearables by Device Type Revenue 2020 – 2027
- Figure 64: MEA Wearable Applications 2020 – 2027
- Figure 65: MEA Wearable Applications Revenue 2020 – 2027
- Figure 66: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Figure 67: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Figure 68: MEA Wearables by Industry 2020 – 2027
- Figure 69: MEA Wearables by Industry Revenue 2020 – 2027
- Figure 70: MEA Wearables Market by Country 2020 – 2027
- Tables
- Table 1: Wearable Unit Sales vs. Revenue 2020 – 2027
- Table 2: Wearables by Device Type 2020 – 2027
- Table 3: Wearables by Device Type Revenue 2020 – 2027
- Table 4: Wearable Applications 2020 – 2027
- Table 5: Wearable Applications Revenue 2020 – 2027
- Table 6: Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 7: Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 8: Wearables by Industry 2020 – 2027
- Table 9: Wearables by Industry Revenue 2020 – 2027
- Table 10: Wearables by Components 2020 – 2027
- Table 11: Managed Services for Wearables Devices 2020 – 2027
- Table 12: Wearables Market by Region 2020 – 2027
- Table 13: Wearables Market by Regional Revenue 2020 – 2027
- Table 14: North America Wearables by Device Type 2020 – 2027
- Table 15: North America Wearables by Device Type Revenue 2020 – 2027
- Table 16: North America Wearable Applications 2020 – 2027
- Table 17: North America Wearable Applications Revenue 2020 – 2027
- Table 18: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 19: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 20: North America Wearables by Industry 2020 – 2027
- Table 21: North America Wearables by Industry Revenue 2020 – 2027
- Table 22: North America Wearables Market by Country 2020 – 2027
- Table 23: North America Wearables Market by Country Revenue 2020 – 2027
- Table 24: South America Wearables by Device Type 2020 – 2027
- Table 25: South America Wearables by Device Type Revenue 2020 – 2027
- Table 26: South America Wearable Applications 2020 – 2027
- Table 27: South America Wearable Applications Revenue 2020 – 2027
- Table 28: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 29: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 30: South America Wearables by Industry 2020 – 2027
- Table 31: South America Wearables by Industry Revenue 2020 – 2027
- Table 32: South America Wearables Market by Country 2020 – 2027
- Table 33: South America Wearables Market by Country Revenue 2020 – 2027
- Table 34: Europe Wearables by Device Type 2020 – 2027
- Table 35: Europe Wearables by Device Type Revenue 2020 – 2027
- Table 36: Europe Wearable Applications 2020 – 2027
- Table 37: Europe Wearable Applications Revenue 2020 – 2027
- Table 38: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 39: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 40: Europe Wearables by Industry 2020 – 2027
- Table 41: Europe Wearables by Industry Revenue 2020 – 2027
- Table 42: Europe Wearables Market by Country 2020 – 2027
- Table 43: Europe Wearables Market by Country Revenue 2020 – 2027
- Table 44: APAC Wearables by Device Type 2020 – 2027
- Table 45: APAC Wearables by Device Type Revenue 2020 – 2027
- Table 46: APAC Wearables Applications 2020 – 2027
- Table 47: APAC Wearables Applications Revenue 2020 – 2027
- Table 48: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 49: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 50: APAC Wearables by Industry 2020 – 2027
- Table 51: APAC Wearables by Industry Revenue 2020 – 2027
- Table 52: APAC Wearables Market by Country 2020 – 2027
- Table 53: APAC Wearables Market by Country Revenue 2020 – 2027
- Table 54: MEA Wearables by Device Type 2020 – 2027
- Table 55: MEA Wearables by Device Type Revenue 2020 – 2027
- Table 56: MEA Wearable Applications 2020 – 2027
- Table 57: MEA Wearable Applications Revenue 2020 – 2027
- Table 58: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector 2020 – 2027
- Table 59: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2020 – 2027
- Table 60: MEA Wearables by Industry 2020 – 2027
- Table 61: MEA Wearables by Industry Revenue 2020 – 2027
- Table 62: MEA Wearables Market by Country 2020 – 2027