latest IDTechEx report on wearables looks to the next decade

July 30, 2019 //By Ally Winning
IDTechEx has launched an in-depth report covering the wearable technology industry, which includes 10-year market forecasts for 48 different wearable products.
IDTechEx has launched an in-depth report covering the wearable technology industry, which includes 10-year market forecasts for 48 different wearable products.

“Wearable Technology Forecasts 2019-2029” features chapters covering key product areas in the area, including smartwatches and fitness trackers, AR, VR & MR, electronic skin patches, smart clothing, hearables and more.

The report’s conclusions find wearables will have a total market of worth over $50bn in 2019, doubling since 2014. The growth is driven by smartwatches, continuous glucose monitoring devices (CGM), hearing aids, headphones and AR, VR & MR. The report provides assessments and market data in these segments including for the key players, technology, and current themes for each product area. The report also looks at new types of wearable technology, ranging from electronic skin patches, to smart apparel based on electronic textiles, to other new form factors for devices.

The report also investigates the challenges facing the industry. The success in smartwatches has not come from many of the early standard-bearers, but more prominently from Apple, followed by other consumer electronics players and sports electronics companies. In VR, AR and MR, some of the flagship products and companies have also failed, and despite significant growth in the industry (both in terms of percentage and in billions of dollars of new product revenue), the overall space is still far from breaking even on the huge investments that have poured in over the last decade.

Each chapter of the report is individual, complete research reports covering a sector in the space.

More information

www.IDTechEx.com/wearable

www.IDTechEx.com/research/WT

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