1. Market Research
  2. > Consumer Electronics Market Trends

Wearable Electronics Enabled by Sensors : Entry of Software, Hardware, and Insurance Companies to Change Sensor Landscape in Wearable Electronics

  • November 2014
  • 116 pages
  • Frost & Sullivan
Report ID: 2506819

Summary

Table of Contents

Key Findings

•Sensor innovation (smarter, smaller, cheaper, lighter, and less power-hungry sensors, yet with more features) and ubiquitous connectivity have created favorable opportunities for the emergence of new industry sectors; wearable electronics, or wearables, is one such industry. Therefore, companies irrespective of their size and core profile (from Google to Intel) are shrewdly using simple sensors to do powerful things.
•The continued improvement in sensors’ accuracy and sensitivity, and the addition of new capabilities will enable wearable devices to incorporate more complex electronics and sensors.
•The wearables market is witnessing a series of new product launches, such as smart watches, fabrics, and glasses, and the market as a whole is witnessing partnerships, acquisitions, mergers, convergence, and collaboration across the value chain.
•Innovations are expected to make wearable electronics better in terms of connectivity, use of data, and ultimately make them smarter than ever. Wearable devices need to work harmoniously as they are worn on the body, in addition to being light, comfortable, unobtrusive, and attractive.
•Wearable electronics will create opportunities for brand manufacturers, sensor platforms, and software and component suppliers alike.
•The long-term prospect of wearable electronics is exciting and holds promises of a brighter future.

CEO’s Perspective

Wearable electronics are quite new, fragmented, and relatively undefined in terms of what products are going to be successful.
Many wearable companies do not have the systems expertise to be able to design products from scratch due to a lack of hardware and/or software knowledge.
The wearable electronics’ ecosystem is complex and different original equipment manufacturers (OEMs) are targeting different pieces of that ecosystem.
Heavyweights such as Apple, Google, Intel, and Microsoft are investing heavily in wearables. These companies are strong enough to drive the wearable electronics industry.
A number of start-ups and smaller companies are entering this market but many do not have the expertise (hardware and software) required to be successful.
Wearable electronics are seen as the next big opportunity for sensors after smartphones and tablets.
The opportunity is huge, especially for makers of MEMS-based sensors, electronics, and associated software and sensor fusion algorithms. With constant wearable product innovations, non-MEMS sensors to benefit as well.
Multi-sensor combo packages enable creative product development. Therefore, combo sensors to witness widespread adoption in wearables, such as 9-axis combo sensors from 3-axis combo sensors.
Sensor platforms, rather than sensor components, to play a critical role in wearable electronics product development and innovation. Sensor platforms to help wearable device manufacturers innovate and shorten their time to market.
Although wearable electronics are considered as the next-big-thing, this industry is much more complex than smartphones and tablets.
Data security and privacy concerns at the device level need to be addressed. These concerns pose a threat to the widespread adoption of wearable technology.
Wearable electronics will remain diverse with multiple products that support more than social and infotainment applications.
With more functionality incorporated into the wearable, innovation to be centered around low-power displays, processors, stretchable electronics, and energy harvesting to extend battery life.

Key Questions This Study Will Answer

What is the role of sensors in wearables?
What is the ecosystem of wearables and where are sensors placed in it?
How is the business model changing with respect to sensors in wearables?
What will be the importance of sensor platforms in wearables?
How do sensors in wearables enable the Internet of Things and the Internet of Everything?
What are the technological, political, financial, privacy, and security concerns for wearables in the long term?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Power Bank Market by Capacity Range, Number of USB Port, Energy Source, Battery Type, Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Power Bank market to exhibit a high growth between 2017 and 2022” The power bank market is expected to grow at a CAGR of 21.22% between 2017 and 2022 and is likely to be valued at USD 25.16 billion ...

Flexible Display Market by Application, Technology, Panel Size, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Technological advancements and development of energy-efficient, attractive, and high-specification products is expected to fuel the growth of the flexible display market.” The flexible display market ...

Hearable Devices Market by Product, Headphone, and Hearing Aids, Technology, Application, and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • July 2017
  • by MarketsandMarkets

“Hearable Devices market is projected to grow at a CAGR of 9.98% between 2017 and 2023” The hearable devices market has entered the growth phase and is expected to grow further in the coming years. ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.