Wearable Device Shipments Will Grow At A CAGR of 29% By 2020: Hexa Reports

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By 2020, Wearable Device will represent a market worth $40 Billion with over 240 Million annual unit shipments.

While “Wearable Technology” has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream.

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With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors, ranging from glasses to even jewelry.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

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The “Wearable Technology Forecasts: 2016 – 2030” datasheet presents comprehensive forecasts for wearable device shipments and revenue from 2016 till 2030, covering 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries. Historical figures are also presented for 2015.

Table of Content

Forecast Segmentation
Market forecasts on are provided for each of the following submarkets and their subcategories:

Vertical Submarkets
– Consumer
– Healthcare
– Professional Sports
– Retail & Hospitality
– Military
– Public Safety
– Others

Form Factor Submarkets
– Smart Bands
– Smart Watches
– Smart Glasses
– Smart Clothing
– Smart Jewelry
– Heads-up Displays
– Others

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