Wearable Device Shipments to Post 29% CAGR to 2020, States Signals & Systems Telecom in Its New Report Available at MarketPublishers.com23 Nov 2016 • by Natalie Aster
LONDON – Whilst wearable technology has enjoyed use in such vertical industry sectors as military and healthcare over a long term of years, continuous advances have generated a major revival of the concept, especially amid the consumer population. Major enabling technologies comprising low-cost sensors, wireless connectivity, smart materials and energy have converged to make wearable technology key trend.
With the incessant miniaturisation of enabling technologies, wearable devices have become available in the mass market in an assorted variety of form factors – from glasses to jewelry.
Fuelled by the ability to interconnect with key up-to-the-minute trends of healthcare, fitness, messaging and socialisation, the wearable technology ecosystem is hightening immense levels of interest.
Firms as diverse as OEMs of smartphones, mobile phone providers, health insurance enterprises and retailers are circling the marketplace in tandem with tiny startup firms, all fighting for a stake.
The shipments of wearable devices are poised to register 29% CAGR to 2020. The sector for wearable devices is set to reach a value of USD 40 billion with more than 240 million products shipped annually.
New market research report “Wearable Technology Forecasts: 2016 – 2030” elaborated by Signals and Systems Telecom gives a keen look at the wearable technology universe. It offers detailed forecast figures for wearable device revenue and shipments through to 2030, discussing 7 device form factor submarkets, 7 vertical sectors, 6 regions and 73 nations. Historical data are also available for 2015.
More new market research publications by the publisher are available at Signals and Systems Telecom page.