1. Market Research
  2. > Consumer Goods
  3. > Consumer Electronics Market Trends
Growth Opportunities in the Global Wearable Devices Market

Growth Opportunities in the Global Wearable Devices Market

  • April 2015
  • 40 pages
  • ID: 2875516

Summary

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.
Technology:
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
  • 150+ 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.
Ahmad 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

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Hearable Devices Market by Product, Technology, Application And Geography - Global Forecast to 2023

Hearable Devices Market: Global Forecast until 2023

  • $ 5649
  • Industry report
  • July 2018
  • by MarketsandMarkets

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

Wearable Computing: Technologies, Applications and Global Markets

Wearable Computing: Technologies, Applications and Global Markets

  • $ 5500
  • Industry report
  • June 2018
  • by BCC Research

Report ScopeThe study includes detailed analysis of key trends and geographic information regarding the wearable computing market and its various segments.It also emphasizes the provision of global market ...

2018 Future Of Global Wearable Technology Market to 2025- Growth Opportunities, Competition, And Outlook Of Wearable Product Categories under Smart, Textile, Non Textile Types Across End User Applications And Regions Report

2018 Future Of Global Wearable Technology Market to 2025- Growth Opportunities, Competition, And Outlook Of Wearable Product Categories under Smart, Textile, Non Textile Types Across End User Applications And Regions Report

  • $ 4580
  • Industry report
  • September 2018
  • by OGAnalysis

The global demand for Wearable Technology is forecast to report strong growth driven by consumption in major emerging markets.More growth opportunities to turn up between 2018 and 2025 compared to a few ...


ref:plp2015

Reportlinker.com © Copyright 2018. All rights reserved.

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

Make sure you don’t miss any news and follow us on