Albany, NY -- (SBWIRE) -- 11/16/2016 -- While wearable technology has been utilized in vertical sectors such as the military and healthcare for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community.

Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors, ranging from glasses to even jewelry.

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Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

SNS Research estimates that by 2015, wearable devices shipments will surpass 90 Million and will account for nearly $20 Billion in revenue. The market is further expected to grow at a CAGR of nearly 40% over the next six years.

The "Wearable Technology Ecosystem: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 vertical markets, 6 regions and 73 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

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Key Findings:

The report has the following key findings:

By 2015, wearable device OEMs will pocket nearly $20 Billion from device shipment revenues

Wearable device shipments are further expected to grow at a CAGR of nearly 40% over the next 6 years, eventually accounting for 340 Million device shipments by the end of 2020

Wireless carriers are increasingly integrating wearable devices within their M2M and IoT strategies

Wearable devices will help wireless carriers drive over $71 Billion in additional service revenue by the end of 2020, following a CAGR of 95% between 2014 and 2020

The wearable applications ecosystem will account for nearly $850 Million in revenue by the end of 2015

Driven by ongoing innovation and crowdfunding campaigns, SNS Research estimates that investors are expected to pour over $700 Million into wearable company startups in 2014

The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs

Nearly 50% of all wearable devices shipped in 2020 will support embedded cellular connectivity. This represents a $1.1 Billion opportunity for wireless chipset suppliers

Topics Covered:

The report covers the following topics:

Wearable technology ecosystem

Market drivers and barriers

Enabling technologies for wearable devices

Prospects of standardization and regulation for wearable technology

Wearable technology industry roadmap and value chain

Assessment of vertical market opportunities and use cases for consumer, healthcare, retail & hospitality, military, public safety and 8 other verticals

Case studies of wearable technology deployments

Company profiles and strategies of 276 wearable technology ecosystem players

Wearable device vendor market share

Prospects of smartphone OEMs in the wearable technology ecosystem

LTE Direct and its impact on wearable technology

Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and wireless carriers

Market analysis and forecasts from 2014 till 2020

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Forecast Segmentation:

Market forecasts are provided for each of the following submarkets and their categories:

Wearable device shipments and revenue
Wearable application ecosystem revenue
Wearable driven wireless carrier service revenue
Vertical Submarkets
Consumer
Healthcare
Retail & Hospitality
Military
Public Safety
Others
Form Factor Submarkets
Smart Bands
Smart Watches
Smart Glasses
Smart Clothing
Smart Jewelry
Heads-up Displays
Others
Regional Markets
Asia Pacific
Eastern Europe
Latin & Central America
Middle East & Africa
North America
Western Europe
Country Markets

73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam

Key Questions Answered:

The report provides answers to the following key questions:

How big is the wearable technology ecosystem?
How is the ecosystem evolving by segment and region?
What will the market size be in 2020 and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Who are the key wearable device vendors and what are their strategies?
How much are vertical enterprises investing in wearable devices?
What opportunities exist for wireless chipset suppliers in the wearable technology ecosystem?
How can wireless carriers capitalize on the growing popularity of smart glasses and other wearable devices?
Which countries, regions and verticals will see the highest percentage of wearable device shipments?
How big is the wearable applications ecosystem?

List of Companies Mentioned:

The following companies and organizations have been reviewed, discussed or mentioned in the report:

270 Vision
3L Labs
4DForce
4iii Innovations
9Solutions
Active Mind Technology
Adidas
AgaMatrix
AirType
Amazon
AMD (Advanced Micro Devices)
Amiigo
Animas
Apple
ARA (Applied Research Associates)
Archos
ARM Holdings
Asahi Kasei Group
Atheer Labs
Atlas Wearables
Augmendix
Avegant
BAE Systems
Baidu
BI (GEO Group)
BIA Sport
Bionym
Biosensics
BIT (Blue Infusion Technologies)
Bluetooth Special Interest Group
BodyMedia
Boston Scientific
BRAGI
Breitling
Brilliantservice
Broadcom
Brother Industries
Brunel University
BSX Insight
BTS Bioengineering
Buhel
Cambridge Temperature Concepts
Carre Technologies
Casio
Catapult
Cisco
Citizen
Cityzen Sciences
Codoon
CommandWear
ConnecteDevice
Control VR
CoolShirt Systems
Creaholic
CSR plc
Cuff
Cyberdyne
DARPA (Defense Advanced Research Projects Agency)
Dell
Diesel
DKNY
DorsaVi (ASX)
Dreamtrap Commercials
Durex
E Ink Holdings
EB Sport Group (Sync)
EdanSafe
Ekso Bionics
Electric Foxy
Emotiv Systems
Epson (Seiko Epson Corporation)
EuroTech
Evena Medical
Everfind
Exelis
EyeTap
Facebook
FashionTEQ
Fat Shark
Fatigue Science
FDA (U.S. Food and Drug Administration)
Filip Technologies
Finis
FitBark
Fitbit
Flextronics
Flyfit
Fossil
Foxtel
Freescale Semiconductor
Fujitsu
Garmin
GDC4S (General Dynamics C4 Systems)
GEAK (Shanda Group)
Gemalto
Geopalz
Georgia Institute of Technology
Ginger.io
Given Imaging
GlassUp
GN Store Nord (Intelligent Headset)
Google
GoPro
GOQii
HealBe
Heapsylon
HereO
Hovding
HP
HTC
Huawei
i'm SpA
i4C Innovations
IAMAS (Japanese Institute of Advanced Media Arts and Sciences)
ICEdot
iHealth Lab
iLOC Technologies
Imagination Technologies
Imec
Immerz
Ineda Systems
InfinitEye
Instabeat
Intel/Basis Science
InteraXon
Intersections
InvenSense
iRhythm
Iron Will Innovations
ITAMCO (Indiana Technology and Manufacturing Companies)
ITT Corporation
Jabra (GN Netcom)
Jawbone
Jaybird
Johnson & Johnson
Kapture
Ki Performance Lifestyle
Kiwi Wearables
KMS Solutions
Kreyos
Kronoz (Mykronoz)
L-3 Communications
L-3 Mobile-Vision
Lark Technologies
Laster Technologies
LeapFrog Enterprises
Lechal
LG Electronics
Limmex
Lockheed Martin
LogBar
LOSTnFOUND
Loughborough University
Lumo BodyTech
Lumus
Luxottica
Mad Apparel
Magellan (MiTAC Digital Corporation)
Martian Watches (SilverPlus)
Matilde
McLear
Medtronic
Melon
Memi
META
Meta (MetaWatch)
Microsoft (Nokia)
MindStream
Mio Global
Misfit Wearables
MiTAC International
Moff
Moov
Moticon
Motion Fitness
Motion Metrics International Corporation
Motorola Mobility/Lenovo
Motorola Solutions
Mutalink
Mutewatch
Myontec
Narrative
Neptune
NeuroPro
NeuroSky
Nike
Nintendo
Nissan
Nod
Nokia
Notch Interfaces
NTT DoCoMo
Nuance
Nuubo
NVIDIA
NZN Labs
Oculus VR (Facebook)
Omate
Omega SA
OMG Life
Omron
OMsignal
Optalert
Optinvent
OrCam Technologies
OriginGPS
Orpyx Medical Technologies
O-Synce
Owlet Baby Care
Palomar Health
Panasonic
Paris Miki Holdings
Parvus
Pebble
Pepsi
Perpetua Power Source Technologies
PFO Tech
Philips
Phyode
Plantronics
Playtabase
Polar Electro
Pragmasystems
Preventice
Proteus Digital Health
PUSH Design Solutions
Qardio
Qualcomm
Raytheon
Razer
Recon Instruments
Rest Devices
RHLvision Technologies
Ringblingz
RSLSteeper
Rufus Labs
S3 ID
Salesforce.com
Samsung
Seiko
SenseCore
Sensible Baby
Senso Solutions
Sensoplex
Sentimoto
Seraphim Sense
Shimmer
ShotTracker
Si14
Sigmo
SITA
Skully Helmets
Smarty Destination Technology
Smarty Ring
SMI (SensoMotoric Instruments)
Snaptracs
Somaxis
Sonitus Medical
Sonostar
Sony
Sotera Wireless
SpotNSave
Sqord
Stalker Radar (Applied Concepts, Inc)
STMicroelectronics
Suunto
sWaP (Dyal Trading)
Swatch Group
T.Ware
Tarsier
TASER International
Technical Illusions
Thalmic Labs
The Walt Disney Company
Theatro
TI (Texas Instruments)
Timex Group
Tissot
TN Games
Tobii Technology
Tomoon Technology
TomTom
Tory Burch
Touch Bionics
TrackingPoint
U.S. Department of Defense
U-blox
Universities of Glasgow
University of Leeds
University of Reading
University of Strathclyde
Validic (Motivation Science)
Vancive Medical Technologies
Vandrico
Vergence Labs
Vidcie (Looxcie)
Vigo
Virgin Atlantic
VSN Mobil
Vuzix
We:eX (Wearable Experiments)
Wearable Intelligence
Weartrons Labs
Wellograph
Withings
WTS (Wonder Technology Solutions)
Xensr
Xiaomi
XOEye Technologies
Xybermind
Yingqu Technology
Zeiss (Carl Zeiss AG)
Zephyr Technology
Zepp Labs
Zinc Software
Zoll Medical Corporation
ZTE

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