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Connected Wearables - 4th Edition

  • ID: 4769741
  • Report
  • 161 pages
  • Berg Insight AB
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Shipments of Connected Wearables will reach 239 million in 2023

FEATURED COMPANIES

  • Apple
  • Digitsole
  • Garmin
  • Kopin
  • Moov
  • Optinvent
  • MORE

Connected wearables are now becoming increasingly popular in many markets globally. The analyst estimates that worldwide shipments of wirelessly enabled wearable devices will grow from 116.8 million in 2018 at a compound annual growth rate (CAGR) of 15.4 percent to 238.5 million in 2023. The cellular attach rate at the end of the forecast period is forecasted to be 28.4 percent.

Connected Wearables is the fourth consecutive report analysing the latest developments on the connected wearables market worldwide.

This strategic research report provides you with 160 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

This report will allow you to:

  • Understand the key enablers for growth in the connected wearables market.
  • Identify key players in the connected wearables ecosystem.
  • Benefit from detailed forecasts for each device category lasting until 2023.
  • Learn about the markets for activity trackers, smartwatches, smart glasses and medical devices.
  • Evaluate business opportunities in new innovative device categories.
  • Predict future market and technology developments.

This report answers the following questions:

  • Which are the main device categories within connected wearables?
  • What are the main drivers in this market?
  • What are the general technology trends for connected wearables?
  • When will cellular connectivity be a common option in connected wearables?
  • Which connected wearables offer the best potential for embedded cellular connectivity?
  • Which are the leading wearables vendors?
  • How will the markets for smart watches and fitness trackers converge?
  • When will smart clothing become a success in the consumer market?
  • What new innovative wearables could become successes?

Who should buy this report?

Connected Wearables is the foremost source of information about the status, future market trends and technology developments on this market. Whether you are a device vendor, solution provider, telecom operator, investor, consultant, or application developer, you will gain valuable insights from our in-depth research.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apple
  • Digitsole
  • Garmin
  • Kopin
  • Moov
  • Optinvent
  • MORE

Executive summary

1  Introduction to wearable technology
1.1  Introduction
1.1.1  Background
1.1.2  Definitions
1.2  Market segments
1.2.1  Infotainment & lifestyle
1.2.2  Fitness & wellness
1.2.3  People monitoring & safety
1.2.4  Medical & healthcare
1.2.5  Enterprise & industrial
1.2.6  Government & military
1.3  Technologies and platforms
1.3.1  Mobile operating systems and platforms
1.3.2  Battery and processor technologies
1.3.3  Wireless technologies
1.3.4  Sensors
1.3.5  Display technologies and user interface

2  Value chain and vendor landscape
2.1  Enabling technologies
2.1.1  Hardware component vendors
2.1.2  Mobile operating system vendors
2.2  Devices
2.2.1  Smartphone and consumer electronics manufacturers
2.2.2  Apparel and accessories companies
2.2.3  Specialist vendors
2.3.Connectivity services and IoT platforms
2.3.1  Wireless operators and managed service providers
2.3.2  IoT platforms
2.4  Apps and content
2.4.1  Software application developers and content providers

3  Connected fitness and activity trackers
3.1  The connected fitness and activity tracking market
3.1.1  Market size and major vendors
3.1.2  Fitness and activity tracking wristbands
3.1.3  Connected sports watches
3.1.4  Smart clothing
3.1.5  Other form factors
3.2  Fitness and activity trackers and wireless connectivity
3.3  Company profiles and strategies
3.3.1  Athos
3.3.2  Digitsole
3.3.3  Fitbit
3.3.4  Garmin
3.3.5  Hexoskin
3.3.6  Huawei
3.3.7  Moov
3.3.8  OMsignal
3.3.9  Sensoria
3.3.10  Xiaomi

4  Smartwatches
4.1  The smartwatch market
4.1.1  Market size and the largest vendors
4.1.2  Smartwatch platforms
4.1.3  Smartwatches for children
4.2  Smartwatches and wireless connectivity
4.3  Company profiles and strategies
4.3.1  Apple
4.3.2  Blocks Wearables
4.3.3  hereO
4.3.4  Fossil
4.3.5  Laipac Technology
4.3.6  LG Electronics
4.3.7  Samsung
4.3.8  Withings

5  Smart glasses & head-mounted displays
5.1  The smart glasses and HMD market
5.1.1  Key vendors and market landscape
5.1.2  Virtual Reality headsets
5.2  Smart glasses and wireless connectivity
5.3  Company profiles and strategies
5.3.1  Daqri
5.3.2  Epson
5.3.3  Everysight
5.3.4  Google
5.3.5  Kopin
5.3.6  Microsoft
5.3.7  North
5.3.8  Optinvent
5.3.9  Oculus VR (Facebook)
5.3.10  Osterhout Design Group
5.3.11  Vuzix

6  Medical devices and mobile telecare
6.1  Medical devices
6.1.1  The mHealth and home monitoring market
6.1.2  Regulatory environment
6.1.3  Wearable medical devices and implants
6.2  Next-generation telecare and mPERS solutions
6.2.1  Mobile telecare and mPERS devices
6.3  Company profiles and strategies
6.3.1  BioTelemetry
6.3.2  Dexcom
6.3.3  Everon
6.3.4  GreatCall
6.3.5  Medtronic
6.3.6  MobileHelp
6.3.7  Navigil
6.3.8  Nortek
6.3.10  Preventice Solutions
6.3.11  Proteus Digital Health

7  Market forecasts and trends
7.1  Global market outlook
7.1.1  Market segments
7.1.2  Regional market data
7.1.3  Cellular connections
7.2  Market forecasts – smartwatches
7.3  Market forecasts – smart glasses & head-mounted displays
7.4  Market forecasts – fitness and activity trackers
7.5  Market forecasts – medical devices and mobile telecare
7.6  Market forecasts – other connected wearables
7.7  Market trends and drivers
7.7.1  Wearables are at the intersection of fashion and technology
7.7.2  The myriad of use cases is wearables’ killer app
7.7.3  The voice-controlled user interface enters the wearables market
7.7.4  Wearables raise privacy and security concerns
7.7.5  Long-term engagement: bringing it all together
7.7.6  Continued M&A activities anticipated to take place in the wearables industry
7.7.7  Activity tracking wrist-bands face increasing competition
7.7.8  Consumerisation of medical-grade mHealth devices
7.7.9  New mobile telecare solutions open up market opportunities

Glossary

Index

List of Figures
Figure 1.1: Market segments, applications and devices
Figure 1.2: Wireless technologies characteristics
Figure 2.1: The connected wearables value chain
Figure 2.2: Smartphone shipments by OS (2016 and 2017)
Figure 2.3: Top 10 consumer electronics companies by revenues (2018)
Figure 2.4: Smartphone shipments by vendor (World 2016 and 2017)
Figure 2.5: Major apparel and accessories companies (World 2018)
Figure 3.1: Wearable fitness device form factors
Figure 3.2: Connected fitness and activity tracker shipments (2017-2018)
Figure 3.3: Examples of Bluetooth connected activity wristbands
Figure 3.4: Examples of Bluetooth connected sports watches
Figure 3.5: Examples of connected fitness clothing vendors and products
Figure 3.6: Connected activity trackers with alternative form factors
Figure 3.7: Fitbit Charge 3 activity tracker and Fitbit Ionic smartwatch
Figure 3.8: Selected activity trackers and connected watches from Garmin
Figure 3.9: Moov HR Sweat and Moov Now
Figure 3.10: Xiaomi Mi Band 3 fitness tracker
Figure 4.1: Apple Watch Series 4, Samsung Galaxy Watch and Fossil Hybrid Smartwatch
Figure 4.2: Smartwatch shipments by vendor (World 2015–2018)
Figure 4.3: Active user base of smartwatch operating systems (World Q4-2018)
Figure 4.4: Price examples of child locator devices (2019)
Figure 4.5: Wearable child locator devices
Figure 4.6: Examples of smartwatches featuring cellular connectivity (Q1-2019)
Figure 4.7: Apple Watch Series 4
Figure 4.8: Connected wearables from Samsung (2013–2018)
Figure 5.1: Smart glasses and HMD form factors
Figure 5.2: Smart glasses from various vendors
Figure 5.3: Examples of introduced smart glasses and HMDs (January 2019)
Figure 5.4: Examples of VR headsets
Figure 5.5: Daqri Smart Helmet and Smart Glasses
Figure 5.6: Epson BT-300
Figure 5.7: Raptor AR smart glasses
Figure 5.8: Focals smart glasses and Loop ring
Figure 6.1: Examples of wearable medical applications
Figure 6.2: Overview of the mHealth technology value chain
Figure 6.3: Examples of medical devices
Figure 6.4: Cardiac rhythm and ECG monitoring devices
Figure 6.5: Connected glucose and blood pressure monitors
Figure 6.6: MC10 Biostamp and Orpyx SurroSense RX
Figure 6.7: Mobile telecare and mPERS devices
Figure 6.8: Dexcom G6 family
Figure 6.9: MobileHelp Duo mPERS system
Figure 7.1: Connected wearables shipments by device category (World 2017–2023)
Figure 7.2: Connected wearables shipments by market segment (World 2017–2023)
Figure 7.3: Connected wearables shipments by region (World 2017–2023)
Figure 7.4: Cellular connections by device category (World 2017–2023)
Figure 7.5: Smartwatch shipments by region (World 2017–2023)
Figure 7.6: Smart glasses and HMD shipments by region (World 2017–2023)
Figure 7.7: Fitness and activity tracker shipments by region (World 2017–2023)
Figure 7.8: Wearable medical device & mPERS shipments by region (World 2017–2023)
Figure 7.9: Other connected wearables shipments by region (World 2017–2023)
Figure 7.10: Selected mergers and acquisitions in the wearables industry (2014–2019)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apple
  • Digitsole
  • Garmin
  • Kopin
  • Moov
  • Optinvent
  • MORE

The wearable form factor enables hands-free operation and allows the user to multitask and get immediate access to information. It also enables continuous recording of useful data such as body metrics, location and environmental data. The report's definition of a connected wearable is a device meant to be worn by the user and which incorporates data logging and some sort of wireless connectivity. Various forms of connected wearables have for long been used in professional markets to improve work processes and increase efficiency. The high smartphone adoption, cloud services, miniaturised hardware, sensor technology and low power wireless connectivity enabled wearables to emerge as a new promising consumer segment some years ago. Today, activity trackers and connected fitness devices as well as smartwatches are leading the wearable technology industry in terms of shipment volume and market maturity. However, the number of applications for wearable technology is vast and a plethora of device categories such as smart glasses, head-mounted displays, medical devices, wrist-worn computers and scanners, connected clothes and garments, gesture control devices and many more exist. These wearable devices target various market segments including infotainment & lifestyle, fitness & wellness, people monitoring & safety, medical & healthcare, enterprise & industrial and government & military.

The market for connected wearables has entered a strong growth phase that will last for many years to come. The report estimates that shipments of connected wearables reached  116.8 million units in 2018. The market is expected to grow at a CAGR of 15.4 percent to reach annual shipments of 238.5 million in 2023. Wearable activity trackers and connected fitness devices are the leading category, currently representing a majority of the shipments. Decreasing prices and extended capabilities will enable shipments in the segment to reach 88.9 million units in 2023. Smartwatches have also started to reach significant volumes. The market is led by Apple which accounted for close to half of the 45.5 million devices shipped in 2018. Smartwatches are increasingly incorporating activity tracking features as well as more advanced sensors for medical applications. Growing at a CAGR of 20.9 percent, the market segment is predicted to become the largest wearables category with shipments of 117.7 million devices in 2023. Sales of smart glasses and head-mounted displays have grown rapidly in recent years. During 2018, an estimated 1.5 million devices were shipped. Around 75 percent of these devices were VR/AR headsets to be used for gaming and entertainment purposes, while the remaining devices were mainly used by enterprises and the military. The category is projected to reach annual shipments of 11.9 million devices in 2023. Annual shipments of medical and mobile telecare/mPERS devices are forecasted to grow from 1.8 million devices in 2018 to 6.9 million devices in 2023. Finally, annual shipments of wearables not covered by the above product categories are predicted to grow at a CAGR of 34.1 percent from 3.0 million units in 2018 to reach 13.0 million units in 2023. The segment includes wearables such as authentication and gestures devices, smart rings, wrist-worn computers and scanners, smart jewellery and connected prosthetics.

North America is the largest market for connected wearables and accounted for about 44.4 million of the total shipments in 2018. The second largest market is Europe which reached shipments of 38.5 million devices followed by Asia-Pacific with 26.9 million devices. The analyst projects that North America will remain the largest regional market in 2023, but it's market share will decrease from 38 percent in 2018 to around 33 percent at the end of the forecast period. Asia-Pacific is estimated to account for an increasing share and in 2023 account for 30 percent of the shipments, up from 23 percent in 2018. Emerging markets currently represent a relatively small share of the market. Demand in the Middle East and Africa mainly comes from a few developed countries and wider adoption in the region will be highly dependent on the overall economic development.
 
Bluetooth will remain the primary connectivity option in consumer centric wearables throughout the forecast period and smartphones will act as the principal hub for remote connectivity. The number of active cellular network connections from wearables is projected to grow from 23.8 million in 2018 to reach 176.8 million connections in 2023. The growth is mainly driven by increasing adoption of cellular connectivity in the smartwatch category. The most common connectivity option for wearable medical devices will be low power NFC technologies and Bluetooth which enable remote connectivity via medical monitoring system hubs. BYOD will have an increasing impact on the connected medical device category,  especially for patient-driven models of connected care.

Note: Product cover images may vary from those shown
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  • Apple
  • Athos
  • BioTelemetry
  • Blocks Wearables
  • Daqri
  • Dexcom
  • Digitsole
  • Epson
  • Everon
  • Everysight
  • Fitbit
  • Fossil
  • Garmin
  • Google
  • GreatCall
  • hereO
  • Hexoskin
  • Huawei
  • Kopin
  • LG Electronics
  • Laipac Technology
  • Medtronic
  • Microsoft
  • MobileHelp
  • Moov
  • Navigil
  • Nortek
  • North
  • OMsignal
  • Oculus VR (Facebook)
  • Optinvent
  • Osterhout Design Group
  • Preventice Solutions
  • Proteus Digital Health
  • Samsung
  • Sensoria
  • Vuzix
  • Withings
  • Xiaomi
Note: Product cover images may vary from those shown
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