Wearable Electronics
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014-2020
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Report
Description
Report Description
With various applications in a wide range of verticals such as fitness and wellbeing, medical
and healthcare, entertainment and infotainment, industrial, commercial, aerospace, and
military, wearable electronics facilitate a variety of functions.
The market witnessed significant growth in 2015 and is expected to grow impressively by
2020 end, at a double digit CAGR.
Consumers have been wearing electronics such as Bluetooth headsets, pacemakers, hearing
aids, and wristbands since a couple of decades. The wearable electronics industry is
witnessing innovation with each wearable hitting the market, including smart garments,
sports watches, smart glasses, chest straps, head-mounted displays, body-worn cameras,
health monitoring sensors, and other fitness monitors. FMI’s research reflects attractive
growth opportunities for the wearable electronics industry in the near future.
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Key Drivers: Wearable Electronics Market
The impressive growth of the wearable electronics market is attributed to growing consumer
interest in health and fitness monitoring. Moreover, a variety of wearable products are
available online, which boost the popularity of wearable electronics.
The market is constantly witnessing innovative product development, offering enhanced
functionality and display. This plays a key role in pushing the demand for wearable
electronics in the market. Increasing user-friendliness of electronic wearable gadgets is
Report
Description
Report Description
Rising proliferation of smart glasses and smart watches is attributed to their data-sharing
ability with smartphones. Smart watches have been representing the largest market
revenue share since the last two years, owing to their ability to manage phone calls and
social media, and play music and games, in addition to primarily track individual fitness.
Key Restraints to Market Growth
A few factors such as limited battery life, expensive initial costs, and privacy concerns may
hamper their demand, eventually impacting the growth of the market.
In developing nations, sufficient consumer population is still not aware of the functionality of
wearable electronics. Moreover, research observes low perception of the advantages offered
by sophisticated wearable electronic devices.
Segmentation: Global Wearable Electronics Market
FMI’s research on the global wearable electronics market offers a five-year forecast,
segmenting the market on the basis of product, component, application, technology, and
geography.
According to the product, the market is segmented into eye wear, wrist wear, neck wear,
head wear, footwear, and body wear. The products are further segmented as watches,
bands, goggles, ties, collars, lenses, headsets, and head band.
Based on the component, the market is segmented into sensors, controllers, power supply
units, networking components, displays, memory cards, and interface components.
Report
Description
Report Description
On the basis of technology, the market is further segmented into computing technology and
display technology. Display technology majorly includes networking technologies, positioning
technologies, sensor technologies, and speech recognition technologies.
Based on the application, the wearable electronics market is segmented as consumer
electronics, healthcare, industrial and business, training and development, and defence and
military. The consumer electronics market is further segmented into lifestyle and fitness,
sports, fashion, garments, and infotainment and multimedia. The lifestyle and fitness
segment is estimated to account for the largest market share globally.
Based on the geographical region, the wearable electronics market is segmented into North
America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle
East and Africa. The current market scenario represents substantial market for wearable
electronics in the U.S., Canada, Mexico, Japan, China, South Korea, India, the U.K., France,
Germany, and the Middle East. While North America is leading the market, Asia Pacific is
projected to witness strong growth by 2020 end. Driven by technological innovation and
rapid adoption of advanced technology, the Americas are expected to retain their position of
the top market during the forecast period.
Notable Trends in the Industry
•Injected electronics and thin, printed electronic sensors are likely to be the next big things in
the healthcare and fitness industry.
•Electronic wearables are being developed for remotely or wireless monitoring of patients by
Report
Description
Report Description
•Electronic textiles are already witnessing significant adoption, and are currently undergoing
R&D innovation.
•Hybrid, stretchable electronics have recently hit the market and support various
applications.
•Researchers at the Case Western Reserve University have developed flexible wire-shaped
micro-super-capacitors that can be woven into a jacket, shirt or dress, in order to be used as
a wearable power source for electronics.
•A flexible, wearable electronic in form of a skin patch helps to personally monitor alcohol
levels.
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Global Wearable Electronics Market: Key Players
Some of the key players in the global Wearable Electronics market are Apple, Inc., Google,
Inc., Samsung Group, Sony Corporation, Nike, Inc., Adidas AG, Qualcomm, Inc., Texas
Instruments, Optis SAS, Recon Instruments, Inc., Jawbone, Inc., AT&T Inc., and System
Technologies Incorporated are some of the key players capturing remarkable market shares
globally.
Other players include Oculus VR, Inc., Rockwell Collins, Kopin Corporation, Thales SA, BAE
Systems, Glassup SRL, Epson Corporation, Infineon Technologies AG, Emagin Corporation,
Shimmer Research Inc., and Weartech S.L.
Report
Description
Report Description
While Apple has been pioneering in the popularisation of wearables as a lifestyle trend,
many other brands are also competing in the market with new products. In 2015, Samsung
Electronics Pvt. Ltd. witnessed considerable sales in the autonomous wearable electronics
sector. The company sells smart watches with a different brand name - Gear. Sony
Corporation also enjoys higher sales compared to most of the other brands. Key players
might gain new revenue generation opportunities in the near future, with the saturation of
the smartphone business.
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