London, 16 October 2015 – Technavio has published a new report on the global wearable electronics market, which is expected to grow at a CAGR of nearly 80% from 2015-2019.
About the Report
As per the new report by Technavio, one of the most significant features of wearables is their ability to connect with multiple devices, including TVs, media players, headsets, smartphones, laptops, and point of sale (PoS) terminals that have Bluetooth and NFC connectivity capabilities.
“Wearable devices such as smartwatches and smart glasses can be connected with headsets and smartphones and very soon these devices will facilitate a range of activities, from making payments to controlling lighting,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also highlights the availability of high-speed broadband, increased penetration of smartphones, and technological innovations that are enabling consumers to use various types of connected services.
“A fitness wristband collects the pulse rate of a user while running and provides health information based on these readings. Additionally, it can send data to physicians and authenticated persons,” elaborates Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global wearable electronics market from 2015-2019. To calculate the market size, the report takes into account the unit shipment of the wearable devices mentioned above.
Key Information Covered in the Report:
Key Vendors:
- adidas
- Apple
- BAE Systems
- Carre Technologies
- Fitbit
- Garmin
- Jawbone
- Kopin
- LG Electronics
- Ohmatex
Market Growth Drivers:
- Compatibility with multiple devices
- For a full detailed list, view our report.
Market Challenges:
- Unattractive designs
- For a full detailed list, view our report.
Market Trends:
- Adoption of BYOD and COPE policies
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the wearable market:
If you are interested in more information, please contact our media team at media@technavio.com.
