Monday, January 14, 2019

Why is wearable technology important?

Wearable Technology Market: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals, and Forecasts

While wearable technology market has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low-cost sensors, wireless connectivity, active materials, and energy have converged to make wearable technology market sector.

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Wearable Technology Market Research Reports and Forecast 2030

With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors – ranging from smartwatches and fitness trackers to smart glasses to hearable.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology market is attracting significant levels of interest. Companies, as varied as smartphone OEMs, mobile operators, health insurers and retailers, are circling the ecosystem alongside tiny startups, all vying for a stake.

The wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021.
By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.

The “Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology market including market drivers, challenges, enabling technologies, consumer and enterprise applications, key trends, case studies, opportunities, future roadmap, value chain, ecosystem player profiles, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2018 through to 2030. The forecasts cover 9 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

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