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1340841 1 Themes


WEARABLE TECH – THEMATIC INTELLIGENCE

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Published: September 11, 2023 Report Code: GDTMT-TR-S439

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Report Overview
 * Report Overview
 * Key Players
 * Table of Contents
 * FAQs

Explore trends and insights from the following data in our ‘Wearable Tech’
thematic report:

 * This report provides an overview of the wearable tech theme.
 * It identifies the key trends impacting the growth of the sector over the next
   12 to 24 months, split into three categories: technology trends,
   macroeconomic trends, and regulatory trends.
 * It includes a comprehensive industry analysis, outlining the key growth areas
   and potential use cases.
 * It identifies the best-positioned players in the wearable tech industry,
   across all segments of the value chain.
 * The report includes a timeline charting the development of the wearable tech
   theme.

How is the ‘Wearable Tech’ thematic report different from other reports in the
market?

 * The report is an invaluable guide to this disruptive theme, that includes a
   breakdown of the wearable tech value chain and profiles of leading vendors.
 * This report provides insights on the leading private players (Alphabet,
   Apple, and Garmin among others) disrupting the industry.
 * The report reviews the segment trends of the IoT value chain to help market
   players to invest, explore, or ignore
 * It offers a wearable tech timeline and use cases for a better understanding
   of the theme.
 * It highlights key M&A deals, patent trends, hiring trends, and other
   important information that you might need to gain a competitive edge.

We recommend this valuable source of information to anyone involved in:

 * Technology Leaders and Startups
 * Strategy, Marketing, and Business Development
 * Market Intelligence and Portfolio Managers
 * Professional Services – Investment Banks, PE/VC firms
 * M&A and Investment Consultants
 * Management Consultants and Consulting Firms

To Get a Snapshot of the Wearable Tech Thematic Report, Download a Free Report
Sample


WEARABLE TECH REPORT OVERVIEW

The wearable tech industry was worth $99.5 billion in 2022 and is expected to
expand at a compound annual growth rate (CAGR) of more than 14% between 2022 and
2030 driven by growing demand for hearables and smartwatches. Furthermore, the
integration of artificial intelligence (AI) in wearable devices will offer
improved user experiences, designed for greater comfort, provide longer battery
life, and feature immersive spatial audio, health monitoring, and AI-based
communication.

The Wearable Tech thematic report provides an overview of the wearable tech
theme. It identifies the key trends impacting the growth of the sector over the
next 12 to 24 months, split into three categories: technology trends,
macroeconomic trends, and regulatory trends. It includes a comprehensive
industry analysis, outlining the key growth areas and potential use cases.

Total Pages 61 Market Size (2022) $99.5 Billion CAGR (2022-2030) >14% Key Value
Chain Components ·       Physical Layer



·       Connectivity Layer

·       Data Layer

·       App Layer

·       Services Layer.

Leading Private Players ·       Alphabet (parent company of Google)



·       Apple

·       Garmin

·       Huawei

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now and let us help you make an informed decision before making a purchase.


WEARABLE TECH MARKET TRENDS

The main trends shaping the wearable theme over the next 12 to 24 months are
classified into technology trends, macroeconomic trends, and regulatory trends.

Technology Trends: Some of the key technology trends gaining traction in the
wearable tech market include the rising demand for smartwatches, Augmented
reality (AR) smart glasses, smart earwear or hearables, hearing aid devices, and
smart clothing.

Macroeconomic Trends: The impact of the COVID-19 pandemic, the supply chain
disruptions caused by the pandemic, and product differentiation are the key
macroeconomic trends impacting wearable the tech market.

Regulatory Trends: EU regulations, US Food and Drug Administration (FDA)
approvals of new wearables, and concerns about ransomware attacks are the
prominent regulatory trends influencing the wearable tech market.

Buy the Full Report for More Insights on Wearable Tech Trends in Tech

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WEARABLE TECH - INDUSTRY ANALYSIS

The wearable tech industry was worth $99.5 billion in 2022 and is expected to
expand at a compound annual growth rate (CAGR) of more than 14% between 2022 and
2030. Hearables is the largest segment of the wearable tech market, followed by
smartwatches.

However, the wearable tech industry has become a victim of its own hype as
wearables such as smart glasses and AR and VR headsets failed to become
mainstream due to a lack of appealing use cases and slow technical development.
In 2023, several big players struggled to create compelling products and meet
the inflated expectations they had created.

Microsoft, a leader in the AR headsets market, has struggled to find buyers for
its HoloLens headset due to its high cost and limited use cases. The departure
of the chief architect of HoloLens, Alex Kipman, in June 2022 made the device’s
future uncertain. This uncertainty was compounded by mass layoffs announced by
Microsoft in January 2023 that impacted teams working on HoloLens and mixed
reality projects.

The wearable tech industry analysis also comprises –

 * Use Cases
 * Timeline
 * M&A trends
 * Patent trends
 * Hiring trends
 * Social media trends

Global Wearable Tech Revenue, by Product Type, 2019-2030 ($ Billion)



Buy Full Report for More Insights on Industry Analysis in Wearable Tech

Download a Free Report Sample


WEARABLE TECH VALUE CHAIN INSIGHTS

Wearable technology is part of the Internet of Things (IoT) value chain. IoT is
classified into five distinct markets: automated homes, connected cars,
Industrial Internet, smart cities, and wearable technology. Each of the five IoT
markets has a common value chain, which can, in turn, be split into five layers:
the physical layer, the connectivity layer, the data layer, the app layer, and
the services layer.

Services layer: IoT services have become a necessary addition to the IoT value
chain over the last decade. In the enterprise IoT market, many IoT adopters lack
the design, technical integration, or data analysis skills to deliver a
successful IoT implementation. Integrating both IT and operational technology
(OT) requires the input of external consulting services companies, especially in
the growing use case of predictive maintenance. Due to the nascent technological
nature of certain IoT services and their dependency on the data and app layers,
this section will cover the leading actors in integration and consulting
services.

The IoT Value Chain Analysis



Buy Full Report for More Insights on Value Chain in Wearable Tech and IoT

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WEARABLE TECH INDUSTRY – COMPETITIVE LANDSCAPE

The report highlights the key companies involved in the wearable tech market–

 * Alphabet (parent company of Google)
 * Apple
 * Garmin
 * Huawei

Buy Full Report for More Insights on leading players in Wearable Tech

Download a Free Report Sample


CONSUMER ELECTRONICS SECTOR SCORECARD

The three screens in the industry scorecard comprise of –

Thematic Screen: The thematic screen ranks companies based on overall leadership
in the 10 themes that matter most to their industry, generating a leading
indicator of future performance.

Valuation Screen: The valuation screen ranks our universe of companies within a
sector based on selected valuation metrics.

Risk Screen: The risk screen ranks companies within a particular sector based on
overall investment risk.

Consumer Electronics Sector Scorecard Analysis



For Additional Insights on the Sector Scorecard Analysis

Download a Free Report Sample


KEY HIGHLIGHTS

   

 * Enterprises will be a key market for wearable tech devices over the next
   three years, outpacing the consumer segment. Wearable tech devices are
   currently deployed across logistics, defense, manufacturing, travel and
   tourism, and healthcare, primarily for training and remote support.
   Healthcare, particularly patient monitoring, remote training and support, and
   telehealth services, holds significant promise. Creating devices that can be
   used for longer, are lightweight, and have practical use cases will help
   companies generate demand and revenue.

   

 * The growth of the smartwatch market is driven by consumer interest in health
   and fitness tracking. With health monitoring features and capabilities
   advancing beyond just recording activity, smartwatches will continue to
   challenge the relevance of fitness trackers.

   

 * Smart glasses and virtual reality (VR) headsets have been around for some
   time but have not become mainstream due to a dearth of compelling use cases,
   high prices, and privacy concerns. Companies that can find a niche and create
   compelling use cases will have the best chance of succeeding.

   




REASONS TO BUY

   

 * Wearable tech is a key market in the broader Internet of Things industry. It
   has garnered significant attention and hype in the last decade, thanks to the
   popularity of devices such as Fitbit fitness bands and Apple Watches. As the
   underlying technologies advance, wearables could potentially transform how we
   interact, monitor health and well-being, and consume digital content in
   immersive environments.

   

 * The report is an invaluable guide to this disruptive theme, including a
   breakdown of the wearable tech value chain and profiles of leading vendors.

   



3Glasses
Alphabet
Amazon
Apple
Aryzon
Asus
AT&T
Atheer
Athos
Autodesk
BBK Electronics
Bose
ByteDance
Capri Holdings
Casio
Catapult Sports
Cisco
CNN
Coros
Coursera
CuteCircuit
Deutsche Telekom
DPVR
EssilorLuxottica
Everysight
Eyelights
Fire-Boltt
Fossil Group
Garmin
GN Group
GoerTek
GOQii
Hexoskin
HP
HTC
Huawei
IBM
Imagine Marketing (BoAT)
Imoo
Intel
Iristick
Jarvish
Katana XR
Komodo Technologies
Lenovo
Levi
LG Electronics
Logitech
Lolë
Mad Gaze
Magic Leap
Meta
Microsoft
Mobvoi
Moticon ReGo
Movesense (Supa)
NBA
Netflix
Nike
Noise
NTT DoCoMo
Nuheara
Orange
Owlet Baby Care
Panasonic
Philips
Pimax
PTC
PVH
Qualcomm
Ralph Lauren
Razer
Realmax
RealWear
RE'FLEKT
Robert Bosch
Rokid
Samsung Electronics
Seiko Epson
Sennheiser
Sensoria
Shadow Creator
Siren Care
Snap
Solos
Sony
Spotify
Strava
Swatch
TAG Heuer
TCL
TeamViewer
Telefonica
Tencent
ThirdEye
Toshiba
Under Armour
Valve
Varjo
Vodafone
Vue
Vuzix
Withings
Xiaomi
Xloong
Xreal
Zepp Health (Amazfit)
Zoom



TABLE OF CONTENTS

   

 * 1. Executive Summary

   

 * 2. Players

   

 * 3. Technology Briefing

   

 * 4. Trends
   
   
   
     
   
   * 4.1. Technology trends
   
     
   
   * 4.2. Macroeconomic trends
   
     
   
   * 4.3. Regulatory trends
   
     
   
   

   

 * 5. Industry Analysis
   
   
   
     
   
   * 5.1. Market size and growth forecasts
   
     
   
   * 5.2. Use cases
   
     
   
   * 5.3. Timeline
   
     
   
   

   

 * 6. Signals
   
   
   
     
   
   * 6.1. M&A trends
   
     
   
   * 6.2. Patent trends
   
     
   
   * 6.3. Hiring trends
   
     
   
   * 6.4. Social media trends
   
     
   
   

   

 * 7. Value Chain
   
   
   
     
   
   * 7.1. Physical layer
   
     
   
   * 7.2. Connectivity layer
   
     
   
   * 7.3. Data layer
   
     
   
   * 7.4. App layer
   
     
   
   * 7.5. Services layer
   
     
   
   

   

 * 8. Companies

   

 * 9. Sector Scorecard

   

 * 10. Glossary

   

 * 11. Further Reading

   

 * 12. Our Thematic Research Methodology

   

 * 13. About GlobalData

   

 * 14. Contact Us

   




FREQUENTLY ASKED QUESTIONS

 * What was the size of the wearable tech industry in 2022?
   
   The wearable tech industry was worth $99.5 billion in 2022.
   
   

 * What is the wearable tech industry's growth rate?
   
   The wearable tech industry is expected to expand at a compound annual growth
   rate (CAGR) of more than 14% between 2022 and 2030.
   
   

 * What are the key wearable tech industry trends?
   
   The key wearable tech industry trends are technology, regulatory, and
   macroeconomic trends.
   
   

 * What are the main value chain components of the wearable tech industry?
   
   The wearable tech value chain includes the physical layer, the connectivity
   layer, the data layer, the app layer, and the services layer.
   
   

 * Who are the leading players associated with wearable tech theme?
   
   Alphabet (parent company of Google), Apple, Garmin, and Huawei among others
   are some of the leading players associated with wearable theme.
   
   

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understand our customers’ business and also gain insight to our unique industry”



Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors
that is highly relevant, timely, easy to access and utilise.  The reports and
data dashboards help engagement with clients; they provide valuable industry and
market insights that can enrich client conversations and can help in the shaping
of value propositions. Moreover, using GlobalData products has helped increase
my knowledge of the finance sector, the players within it, and the general
threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and
not something I have seen anywhere else. They provided an insightful view of why
and which consumers take (or don’t) particular financial products. This can help
shape conversations with clients to ensure they make the right strategic
decisions for their business.

One of the challenges I have found is that data in the payments space is often
piecemeal. With GD all of the data I need is in one place, but it also comes
with additional market reports that provide useful extra context and
information. Having the ability to set-up alerts on relevant movements in the
industry, be it competitors or customers, and have them emailed directly to me,
ensures I get early sight of industry activity and don’t have to search for
news.



Senior Account Manager, TSYS

“The GlobalData platform is our go-to tool for intelligence services. GlobalData
provides an easy way to access comprehensive intelligence data around multiple
sectors, which essentially makes it a one-for-all intelligence platform, for
tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised
services, which benefits everyday use. The highly detailed project intelligence
and forecast reports can be utilised across multiple departments and workflow
scopes, from operational to strategic level, and often support strategic
decisions. GlobalData Analytics and visualisation solutions has contributed
positively when preparing management presentations and strategic papers.”



Business Intelligence & Marketing Manager, SAL Heavy Lift


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