This region-based market research report presents a detailed segmentation of the classroom wearables technology market in the US by end user (higher education institutions and K-12 schools) and by product (wrist-worn equipment, headgear, and others). The key leading vendors in the market are Apple, Google, Microsoft, and Samsung.
Technavio’s market research analysts estimate the classroom wearables technology market in the US, to generate revenues of $4 billion by 2020. Mass adoption of tablets and learning management systems (LMSs) by educational institutions further has facilitated the penetration of wearable technology in classrooms. As an educational tool, wearable technology provides opportunities for students to enhance their learning and creative skills. The higher education institutions are the largest end-users of the werable technology owing to the large-scale adoption of smartphones, tablets, laptops, and Chromebooks by institutions offering higher educational courses.
The new market research report from Technavio provides a breakdown and analysis of the classroom wearables segments by technology.
“One of the key trends gaining traction in this market is the decreasing prices of wearable devices. Of late, the cost per function of ICs has been declining rapidly. This reduction in the cost of ICs has had a positive impact on the global system on chip (SoC) market, which in turn has reduced the price of wearable devices. This significant decline in the prices of wearable devices will augment its adoption rate among education institutions, which typically buy devices in bulk quantities,” says Jhansi Mary, Lead Analyst, Education, Technavio Research
The wrist-worn equipment product segment is expected to account for more than 44% of the total market share by 2020. This product segment includes devices like the Apple Watch, Samsung smart watches, and fitness tracker bands that are offered by Fitbit and Garmin. Factors such as the increasing adoption of wrist-worn equipment by students taking up physical education classes and sports activities will lead to the strong growth of this market segment during the estimated period.
Classroom wearable devices market in the US by product 2020
Source: Technavio, 2016
The key vendors in the classroom wearables technology market in the US are Apple, Google, Microsoft, and Samsung. This market consists of well-diversified international and regional vendors. However, as international players are increasing their footprint in the market, regional vendors are finding it increasingly difficult to compete with them in terms of product quality, technology, and pricing. The vendors that have access to better technical and financial resources will gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Classroom Wearables Technology Market in the US 2016-2020.
We can customize reports by other regions and specific segments upon request.
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