[July 07, 2015] |
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Research and Markets: Global Wearable Electronics & Mobile Healthcare Sensors Market to 2019: Giants Like Apple, Samsung, Xiaomi, and Huawei Are Now Competing for a Slice of the $95 Billion Pie
Research and Markets (http://www.researchandmarkets.com/research/b3zjvt/sensors_for)
has announced the addition of the "Sensors
for Wearable Electronics & Mobile Healthcare" report to
their offering.
Wearable electronics is one of the consumer market's hottest topics.
Giants like Apple (News - Alert), Samsung, Xiaomi, and Huawei are now competing for a
slice of a very promising pie. Regarding our report's analysis, we
estimate that the wearable industry will reach 295M units by 2020, with
a market value of $95B.
Three markets will drive this impressive growth: consumer, healthcare,
and industrial. Wearable technology is expected to be part of the IoT
revolution, bringing useful information directly to the user in a more
natural and friendly way than with traditional electronic devices. We
expect the consumer market, which is mostly comprised of fitness bands
and smart watches to grow faster than the other two. The healthcare
market, which covers devices like hearing aids, blood pressure monitors,
and back monitor sensors, is expected to grow at a lower rate, since
this market has already been growing for many years. Regarding the
industrial market, we expected slow, steady growth through 2019, with a
significant uptick commencing in 2020.
Three device types are expected to successfully reach the market:
smartwatch, smart glasses/HUD, and smart clothing. Smart glasses and HUD
are expected to hit the market with high volumes around 2019. Specific
to the consumer market, it's evolved with two device types. The first
type are wrist-worn devices that target the healthcare and consumer
markets. It started many years ago, with wrist-worn devices from players
like Polar, Suunto, and Garmin (News - Alert), operating in a niche market: sports.
Another wave of smart bands appeared in 2008, fueled by new players like
Fitbit and Jawbone; this new generation mimics the smartphone approach
in that they use MEMS technologies to reduce size, increaseperformance
and decrease power consumption.
Recently, a new tech wave occurred three years ago with players like
Samsung and Pebble pushing the smartwatch market, but they failed to
reach a mass market due to a one-sided technological approach. Apple,
the latest entrant in the wearable landscape with its Apple watch, is
expected to sell 16 - 20M units this year, which would quadruple the
total number of devices that its competitors sold last year (4.7M units
in 2014). Why could the Apple watch achieve success? This report
discusses three factors: mature technology, ecosystem, and marketing.
Regarding the industrial market, we believe that smart glasses/HUD and
smart clothing will be well-suited for industrial and military
applications. Virtual reality HUD and smart clothing will enhance
workers' and soldiers' capabilities, increasing productivity and
security. Such a market is evaluated at around $4B by 2020.
Wearable is certainly a promising industry - but who will profit?
Wearable electronics' market value is likely to grow from $22B in 2015
to more than $90B by 2020, with a CAGR of 28%. All these evolutions will
probably lead to a mass-market adoption, here we expect more than 134M,
smartwatches by 2020, along with 1.3M (News - Alert) smart glasses/HUD by 2018. In this
report, we'll analyze the current wearable industry, what the landscape
is like, who the key players, and how the industry will evolve.
Software is another area that's acquiring value, with sensor fusion
creating smarter sensors. Such improvements have led to sublime new
features like context awareness or always-on sensors, which has
increased device intelligence. All these improvements will lead the
global sensors market for wearable from 112M units in 2014, to 835M
units by 2020, which is proof that this market is still in its infancy.
Key Topics Covered:
1. Executive Summary
2. Introduction, Definitions & Methodology
3. About Wearables
4. Applications and Market Segmentation
5. Sensors for Wearables
6. Key Attributes and Mapping of a Wearable Device
7. Devices & Sensors for Consumer Market
8. Devices & Sensors for Healthcare
9. Devices & Sensors for Industrial/Defense
10. Forecasts on Global Wearable Market
11. Forecasts by Device
12. Forecasts by Sensor
13. Technical Challenges
14. Sensor Fusion
15. Packaging
16. FDA Regulation and Supervision
17. Consumer Market Analysis
18. Conclusion & Perspectives
19. Presentation
Companies Mentioned - 35 of the 70+ Companies Featured in this
Extensive Report
- Adidas
- Apple
- Cisco
- Fitbit
- Honeywell
- HTC
- Huawei
- IBM
- Imec
- Informotion Sports Technologies
- Intel
- InvenSense
- LG
- LumoBack
- MC10 Inc.
- Marlow Industries
- Medtronic
- Microsoft
- Misfit
- Motorola (News - Alert)
- Nike
- Nintendo
- Nokia
- NXP Semiconductors
- OMRON
- Philips
- Polar
- Raytheon (News - Alert)
- Samsung
- Sony
- STMicroelectronics
- Synkera Technologies
- Teledyne DALSA
- Texas Instruments
- Zephyr
For more information visit http://www.researchandmarkets.com/research/b3zjvt/sensors_for
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707005601/en/
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