The world market for wearable technology reached $8.5 billion in revenues during 2012, shipping 96 million devices that year. By 2018, unit shipments are forecast to reach 210 million, driving $30 billion in revenue. These figures include a diverse range of product types in five applications including healthcare, fitness, infotainment, industrial and military. While wearable technology growth up to this point has been enabled by multi-sensor combo packages and low-power wireless chips, the next wave of innovation will involve increasingly efficient, low-power displays and processors that can extend battery capacity to enable increased functionality in smaller form factors.
The report provides a qualitative assessment of key trends in addition to detailed revenue, unit shipment and ASP analysis of 24 distinct product types from over 160 suppliers. The format of the report, including presentation of data and key findings, enables a unique perspective on this rapidly evolving market, and will be of value to senior managers and executives who need to assess how best to pursue the opportunities presented. The majority of the study is comprised of a base case analysis, but scenarios are discussed as well.
Note: A revised smart watch estimate is now available for 2013, which will be incorporated in the 2014 edition publishing at the end of September. All purchasers may contact the lead analyst, Shane Walker at firstname.lastname@example.org for the estimate.