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Wearable Device Market Forecasts: Smart Watches, Fitness Trackers, Smart Glasses, Smart Clothing, Body Sensors, Wearable Cameras, and Other Wearable Devices for Consumer, Enterprise, Healthcare, Industrial, Public Safety, Sports, and Other Markets

  • January 2016
  • Tractica
Report ID: 3423924

Summary

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The wearables market in 2015 experienced ups and downs, but, overall, the market continues to be promising, with fitness trackers and smart watches being the main drivers of volume and growth. The wearables market experienced higher than expected growth in 2015, especially in fitness trackers, for which unit sales have doubled since 2014. Tractica’s 1Q 2016 update has forecasts based on actual 2015 shipment data,
vendor activity, innovation over the past 12 months, and, notably, the consumer response to wearables during 2015. 2015 was the biggest year for wearables so far, with fitness trackers outperforming industry expectations, and smart watches coming out strong. While the Apple Watch performed lower than expectations in unit sales, in terms of dollars it is the largest revenue generator in the wearables market with an
estimated $5.5 billion in revenue, outperforming even some smartphone device vendors. Meanwhile, whereas fitness is the overwhelming driver for wearables today, there are a number of micro-segments emerging from kids watches, to smart footwear, to elderly fall detectors, that will drive this market forward. Overall, wearables are part of a macro trend where computing is diverging from the smartphone and moving onto the body, driven by sensors, machine learning, big data analytics, and the need for more efficient user interfaces that can allow technology to fade into the background.

This Tractica report examines the market trends for wearable devices and presents 6-year market data and forecasts for wearable device shipments and revenue during the period from 2015 through 2021. The extensive and granular market data model covers a number of wearable device types including smart watches, fitness trackers, smart glasses, smart clothing, body sensors, wearable cameras, and other wearables like location trackers, smart jewelry, and gesture control devices. New categories of devices have also been added to this edition including smart footwear, smart headphones, and elderly fall detectors. The forecasts for each device type are segmented by world region, application market, and connectivity technology.

Key Market Forecasts
- Wearable Device Shipments and Revenue by Region, World Markets: 2015-2021
- Wearable Device Shipments and Revenue by Device Category, World Markets: 2015-2021
- Wearable Device Shipments and Revenue by Application Market, World Markets: 2015-2021
- Wearable Device Shipments and Revenue by Connectivity Type, World Markets: 2015-2021
- Smart Watch Shipments and Revenue by Region, World Markets: 2015-2021
- Smart Glasses Shipments and Revenue by Region, World Markets: 2015-2021
- Fitness Tracker Shipments and Revenue by Region, World Markets: 2015-2021
- Smart Clothing Shipments and Revenue by Region, World Markets: 2015-2021
- Body Sensor Shipments and Revenue by Region, World Markets: 2015-2021
- Wearable Camera Shipments and Revenue by Region, World Markets: 2015-2021 Device Categories
- Smart Watches
- Smart Glasses
- Smart Clothing
- Fitness Trackers
- Body Sensors
- Wearable Cameras
- Baby/Pregnancy Monitors
- Headbands
- Heart Rate Monitors
- Posture Monitors
- 3D Trackers
- Wrist Devices
- Movement Sensors
- Wearable Patches
- Location Trackers
- Smart Jewelry
- Gesture Control
- Smart Headphones
- Pain Management Devices
- Delivery Pods

Application Markets
- Consumer
- Enterprise
- Industrial
- Public Safety
- Healthcare
- Sports
- Others

Geographies
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

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