Wearable Computing Devices Market expected to grow at a CAGR of 36.8% during 2014–2020
FMI study offers a 5-year forecast for the global wearable computing devices market between 2015 and 2020. The market is expected to register a strong CAGR of 36.8% during the projected period. The study demonstrates the market dynamics and trends in all seven regions which influence the current nature and future status of wearable computing devices and accessories over the forecast period.
This Future Market Insights report examines the ‘Wearable Computing Devices market for the period 2015–2020. The primary objective of the report is to offer updates on the advancements in ICT and embedded systems that have given rise to a futuristic technology: the wearable computing, which is significantly transforming consumer and B2B verticals.
Wearable smart fitness devices are user-friendly and autonomous in nature. They can be connected to the internet wirelessly via a third party tool and in most of the cases particularly IP data bearers such as cellular packed data, WiFi or Bluetooth is used to connect with internet and other connected devices. Wearable computing devices classified into smart accessories, smart textiles and smart fitness devices. Smart accessories include smart watches and wrist bands offered by Samsung Electronics Co. Ltd. and Sony Corporatization. Smart textile takes in smart apparels and clothing & innerwear and it represents next generation of e-textiles that can be used in various fashion, technical and furnishing textile applications. While, smart fitness accessories consist of chest straps, activity trackers and hear monitors, which facilitate end-users to improve their health by monitoring and measuring workout intensity.
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In the next section, FMI covers the Wearable Computing Devices market performance in terms of Global Wearable Computing Devices shipment and revenue split, since this is detrimental to growth of the Wearable Computing Devices market. This section additionally includes FMI’s analyses of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the Wearable Computing Devices market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the Wearable Computing Devices report to better equip and arm clients with crystal clear decision-making insights.
The primary focus of the following sectionis to analyse the Wearable Computing Devices market by adoption among verticals; the primary verticals covered under the scope of the report are Wearable Computing Devices uptake among consumer verticals and Wearable Computing Devices uptake among Business to Business verticals. A detailed analysis has been provided for every vertical in terms of market size.
As highlighted earlier, Wearable Computing Devices is an aggregation of smart accessories (includes smart watches and smart bands), smart textiles (includes clothing and innerwear) and smart fitness accessories (activity trackers & monitors and chest straps). All these sub-segments are included in this section to make the study more comprehensive.
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The next section of the report highlights Wearable Computing Devices adoption by regions. It provides a market outlook for 2015–2020 and sets the forecast within the context of the Wearable Computing Devices ecosystem, including product category and verticals to build a complete picture at regional levels. This study discusses the key regional trends contributing to growth of the Wearable Computing Devices market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan as a separate region, Middle East and Africa.
All the above sections, by product, by vertical or by regions, evaluate the present scenario and the growth prospects of the Wearable Computing Devices market for the period 2014 –2020. We have considered 2014 as the base year and provide data for the trailing 12 months.
To calculate the Wearable Computing Devices market size, we have considered revenue generated from the sale of wearable computing devices and related platforms. The forecast presented here assesses the total revenue by both Value and Volume across the Wearable Computing Devices market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Wearable Computing Devices market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various wearable computing devices, verticals uptake and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
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