1. Market Research
  2. > Consumer Electronics Market Trends

Growth Opportunities in the Global Wearable Devices Market

  • April 2015
  • 40 pages
  • Frost & Sullivan
Report ID: 2875516


Table of Contents

Alternative Business Models are Key to Sustained Uptake

Excitement pervades the market about wearable device opportunities. Large device manufacturers and niche technology companies are constantly innovating to launch new devices for varied applications. However, market uptake is still limited to a niche customer group due to pricing, battery, data accuracy, data security, and weak business case challenges. Market evolution is expected with the development of sustainable business models such as subscription services and enterprise or vertical specialization. This study outlines key points of inquiry in the wearable devices market and highlights prospective growth opportunities.

Introduction and Scope

- Advances in mobile technology are changing the way humans and machines communicate.
- Over the past decade, growing smartphone proliferation has taken connectivity to the individual, facilitating efficient communication and empowering the provision and consumption of new services.
- Even though an extremely personal device, the smart phone is still an external accessory which can limit ubiquitous connectivity.
- Wearable devices can overcome these shortcomings when embedded with biological and physiological sensors that individuals wear everyday such as watches, glasses, contact lenses, clothing, shoes, or even tattoos.
- Still at an early stage of growth, the broad definition of wearable devices is evolving and expected to give rise to individual market segments.

Wearable Device Landscape

The growth of wearable technology is leading to convergence between technology and industry-specific OEMs.
The technology vendors offering wearable devices constitute 2 groups:
Device Manufacturers
- Device manufacturers can leverage preexisting partnerships with network operators or chip and processor manufacturers to bring new devices to market.
- Currently, device manufacturers are largely focusing on smart watches or fitness bands.
There is also some buzz surrounding connected headsets, glasses, and clothing.
Niche Startups
- Most niche startups approach the market from a particular type of device or vertical use case such as fitness, healthcare, payment, or fashion.
- New consumer-oriented companies fall somewhere between device manufacturers at one end, largely focused on technical innovations, and retail providers at the other,
launching aesthetically-pleasing devices.
Industry-specific OEMs
- Design is an important factor influencing the marketability of a wearable device, especially in the consumer market. Vertical-specific OEMs such as watch manufacturers can
leverage years of experience designing to consumer tastes when developing fashionable wearable devices.
- Activity has increased among retail OEMs, especially in the smart watch market, which will extend to other types of devices such as clothing and jewelry.

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.

Amrita helps you find the right report:


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

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

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. ...


Reportlinker.com © Copyright 2017. All rights reserved.

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