[October 01, 2014] |
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Research and Markets: Global Smart Wearables Outlook 2020 - Market Trends, Forecasts and Strategies for the $22 Billion Industry
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/hjlhd6/smart_wearables)
has announced the addition of the "Smart
Wearables: Worldwide Market Trends, Forecasts and Strategies 2014-2020"
report to their offering.
Device manufacturers cannot afford to miss the wearables opportunity:
758 million smart wearable devices will be sold worldwide in the next 7
years, and device revenue will grow at a CAGR of 50% to reach USD22.9
billion in 2020. However, the market is still in its infancy and it will
take until 2020 for wearable devices to reach the level of yearly unit
sales that tablets achieved in 2013.
This report and accompanying data annex provide:
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A 7-year forecast of the installed base, unit sales and device revenue
for consumer-oriented (B2C) smart wearable devices worldwide, with a
specific breakdown for the following devices in developed markets
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A detailed 7-year forecast of the smart wearable installed base,
device unit sales and revenue for four regions (see below)
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An overview of device availability in the past 2 years, forthcoming
launches and product roadmap strategies
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An in-depth analysis of the trends, drivers and inhibitors for the
adoption of smart wearables, and the strategies that players are
adopting to expand smart wearables adoption
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Comparative case studies of leading smart wearable device
maufacturers, including Apple (News - Alert) and Google
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Recommendations for mobile operators, manufacturers and app developers.
The accompanying data annex presents the 7-year forecast for the
smart wearables market, including the following key performance
indicators (KPIs):
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Installed base
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Unit sales
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Device revenue
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Average selling price (ASP)
Key Topics Covered:
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Executive summary: The number of active smart wearable devices will
reach almost 350 million by the end of 2020
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Key implications
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Recommendations
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Market definition and methodology
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Definition of a smart wearable device and market drivers
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Definitions of smart wearable device categories
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Our definitions rely as much on the consumer's intended use case when
purchasing the device as on its functionality
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Forecast methodology: Sports, fitness and health activity is built
into the model to better capture intended use cases for wearable
devices
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Potential disruptive factors affecting the smart wearables market
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Definition of geographical regions
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Business environment
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Purchase intent: Smart wearable device purchase interest is strongly
linked to smartphone and tablet ownership
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Usage intent: Consumer demand for mobile health apps is low, despite
strong industry support
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Business environment: Industry push
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Industry push: We expect twice as many device launches in 2014 as in
2013
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Industry push: Wearable technology start-ups are currently driving
device availability but smartphone manufacturers are now disrupting
that
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Industry push: 48% of available smart wearable devices are compatible
with third-party apps, creating the demand for a new app ecosystem
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Business environment: Case studies
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Worldwide forecasts and analysis
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Smart bands: Forecast assumptions
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Smart bands: Users and sales
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Regional outlook
Companies Mentioned
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AT&T
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Adidas
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Apple
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Asus
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Carré Technologies
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Casio (News - Alert) Electronics
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Citizen Watch Company
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Epson
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Evernote
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Fitbit
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Fossil
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Garmin
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Google (News - Alert)
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HTC
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Jawbone
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LG Electronics
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Misfit Wearables
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Motorola
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MyFitnessPal
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Nike
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Oakley
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PayPal (News - Alert)
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Pinterest
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Polar Electro
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Samsung
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Sony
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Swatch
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Timex
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Verizon Wireless
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Vodafone (News - Alert)
For more information visit http://www.researchandmarkets.com/research/hjlhd6/smart_wearables
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