How will wearables boost the consumer and medical electronics market?
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“The era of wearables is definitely here and confirmed by large consumer adoption.” asserts Jérôme Mouly, Senior Technology & Market Analyst and Business Developer at Yole Développement (Yole). “Whether wrist-worn, head-worn and hearable, body-worn, or smart clothing, we estimate the market to reach US$97.9 billion by 2025, with a 11.2% CAGR from 2019 to 2025”.
In this context, the market research and strategic consulting company Yole investigates disruptive wearable technologies and related markets in depth.
Released today, the Wearables in Consumer and Medical Applications 2020 report gives detailed analysis of the wearable technologies and delivers an overview of emerging wearable functionalities and related sensors. Including market shares, trends and forecasts, this study points out global wearable system market trends, competitive forces and dynamics, and market drivers. This report also provides an overview of the main players at system and sensor level of the supply chain, with market shares. This analysis offers a relevant application overview for consumer and medical wearables. It describes which sensors are used in which types of wearable systems and identifies new functions and related sensors and technology requirements.
What are the economic and technological challenges of the wearables industry? What are the key drivers? Who are the suppliers to watch, and what innovative technologies are they working on?
Yole presents today its vision of the wearables industry for consumer and medical applications.
As analyzed by Yole’s team in the new Wearables in Consumer and Medical Applications 2020 report, wearables are even considered the new wave of consumer electronics, seen as the growth driver for smartphone makers whose market has now reached a mature level and a low single-digit growth rate. In parallel, the fundraising amount for wearables in the last 5 years has reached US$2.6 billion, highlighting again the strong interest for wearables. So, what makes wearables so attractive, today?… More info.