Wearable Technology Market Analysis By Product (Wrist-Wear, Eye-Wear, Foot-Wear, Neck-Wear, Body-Wear), By Application (Fitness & Wellness, Healthcare, Infotainment, Defense, Enterprise And Industrial) And Segment Forecasts To 2022

Published: Dec, 2015 | Pages: 89 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global wearable technology market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.

Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.

Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.

Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers' feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.

Further key findings from the study suggest:

The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.
Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.
North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.
Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Wearable technology - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Wearable Technology Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Wearable technology value chain analysis
3.4. Wearable technology market dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing smartphones & multimedia device demand
3.4.1.2. Increasing infrastructure developments in mobile industry
3.4.1.3. Rising disposable income
3.4.2. Market restraint analysis
3.4.2.1. Data privacy concern
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Key competitors analysis, 2014
3.8. Wearable technology market PESTEL analysis, 2014
Chapter 4. Wearable Technology Product Outlook
4.1. Wearable technology market share by product, 2014 & 2022
4.2. Wrist-wear
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Eye-wear
4.3.1. Global market estimates and forecasts, 2012 - 2022
4.4. Foot-wear
4.4.1. Global market estimates and forecasts, 2012 - 2022
4.5. Neck-wear
4.5.1. Global market estimates and forecasts, 2012 - 2022
4.6. Body-wear
4.6.1. Global market estimates and forecasts, 2012 - 2022
4.7. Others
4.7.1. Global market estimates and forecasts, 2012 - 2022
Chapter 5. Wearable Technology Application Outlook
5.1. Wearable technology market share by application, 2014 & 2022
5.2. Fitness and wellness
5.2.1. Global market estimates and forecasts, 2012 - 2022
5.3. Healthcare
5.3.1. Global market estimates and forecasts, 2012 - 2022
5.4. Infotainment
5.4.1. Global market estimates and forecasts, 2012 - 2022
5.5. Defense
5.5.1. Global market estimates and forecasts, 2012 - 2022
5.6. Enterprise and industrial
5.6.1. Global market estimates and forecasts, 2012 - 2022
Chapter 6. Wearable Technology Regional Outlook
6.1. Wearable technology market share by region, 2014 & 2022
6.2. North America
6.2.1. Wearable technology market by product, 2012 - 2022
6.2.2. Wearable technology market by application, 2012 - 2022
6.3. Europe
6.3.1. Wearable technology market by product, 2012 - 2022
6.3.2. Wearable technology market by application, 2012 - 2022
6.4. Asia Pacific
6.4.1. Wearable technology market by product, 2012 - 2022
6.4.2. Wearable technology market by application, 2012 - 2022
6.5. Rest of World (RoW)
6.5.1. Wearable technology market by product, 2012 - 2022
6.5.2. Wearable technology market by application, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. Adidas Ag
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Apple Inc.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Fitbit
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Garmin
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Google Inc.
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Jawbone
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Nike, Inc.
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Samsung Electronics Co. Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Sony Corp
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Xiaomi
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives

List of Tables

1. Wearable technology - Industry snapshot and key buying criteria, 2012 - 2022
2. Global wearable technology market 2012 - 2022 (USD Billion)
3. Global wearable technology market by region 2012 - 2022 (USD Billion)
4. Global market demand by product, 2012 - 2022 (USD Billion)
5. Global market demand by application, 2012 - 202 (USD Billion)
6. Wearable technology - Key market driver impact
7. Wearable technology - Key market restraint impact
8. Wrist-wear wearable technology demand 2012 - 2022 (USD Billion)
9. Global wrist-wear wearable technology demand by region 2012 - 202 (USD Billion)
10. Eye-wear wearable technology demand 2012 - 2022 (USD Billion)
11. Global eye-wear wearable technology demand by region 2012 - 202 (USD Billion)
12. Foot-wear wearable technology demand 2012 - 2022 (USD Billion)
13. Global foot-wear wearable technology demand by region 2012 - 202 (USD Billion)
14. Neck-wear wearable technology demand 2012 - 2022 (USD Billion)
15. Global neck-wear wearable technology demand by region 2012 - 202 (USD Billion)
16. Body-wear wearable technology demand 2012 - 2022 (USD Billion)
17. Global body-wear wearable technology demand by region 2012 - 202 (USD Billion)
18. Others wearable technology demand 2012 - 2022 (USD Billion)
19. Global others wearable technology demand by region 2012 - 202 (USD Billion)
20. Fitness and wellness wearable technology demand 2012 - 202 (USD Billion)
21. Global fitness and wellness wearable technology demand by region 2012 - 202 (USD Billion)
22. Healthcare wearable technology demand 2012 - 202 (USD Billion)
23. Global healthcare wearable technology demand by region 2012 - 202 (USD Billion)
24. Infotainment wearable technology demand 2012 - 202 (USD Billion)
25. Global infotainment wearable technology demand by region 2012 - 202 (USD Billion)
26. Defense wearable technology demand 2012 - 202 (USD Billion)
27. Global defense wearable technology demand by region 2012 - 202 (USD Billion)
28. Enterprise and industrial wearable technology demand 2012 - 202 (USD Billion)
29. Global enterprise and industrial wearable technology demand by region 2012 - 202 (USD Billion)
30. North America market by product 2012 - 202 (USD Billion)
31. North America market by application 2012 - 202 (USD Billion)
32. Europe market by product 2012 - 202 (USD Billion)
33. Europe market by application 2012 - 202 (USD Billion)
34. Asia Pacific market by product 2012 - 202 (USD Billion)
35. Asia Pacific market by application 2012 - 202 (USD Billion)
36. RoW market by product 2012 - 202 (USD Billion)
37. RoW market by application 2012 - 202 (USD Billion)