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Connected Wearables –
2nd Edition
Brought to you by:
Abstract
This report will allow you to:
Understand the key enablers for growth in the connected wearables market.
Identify key players in the connected wearables ecosystem.
Benefit from detailed forecasts for eight different device categories lasting until 2020.
Learn about the markets for activity trackers, smartwatches, smart glasses and medical
devices.
Evaluate the business opportunities in new innovative device categories.
Predict future market and technology developments.
This report answers the following questions:
Which are the main device categories within connected wearables?
What are the main drivers on this market?
What are the general technology trends for connected wearables?
When will cellular connectivity be a common option in connected wearables?
Which connected wearables offer the best potential for embedded cellular connectivity?
Which are the leading wearables vendors?
How will the markets for smart watches and fitness trackers converge?
What new innovative wearables could become successes?
Abstract
The wearable form factor enables hands-free operation and allows the user to multitask and get
immediate access to information. It also enables continuous recording of useful data such as body
metrics, location and environmental data. Berg Insights definition of a connected wearable is a device
meant to be worn by the user and which incorporates data logging and some sort of wireless
connectivity. Connected wearables have for long been widely used in professional markets. The high
smartphone adoption, cloud services, miniaturised hardware, sensor technology and low power
wireless connectivity have enabled connected wearables to emerge as a new promising consumer
segment as well. The number of applications for wearable technology is vast and includes imaging,
augmented reality, media playback, navigation, data displaying, authentication, gesture control,
monitoring and communication. A plethora of device categories such as smartwatches, fitness & activity
trackers, smart glasses, people monitoring devices, medical devices and wearable computers target
various market segments including infotainment & lifestyle, fitness & wellness, people monitoring &
safety, medical & healthcare, enterprise & industrial and government & military.
The market for connected wearables has entered a strong growth phase that will last for many years to
come. Berg Insight estimates that shipments of connected wearables reached 72.5 million units in 2015.
The market is expected to grow at a CAGR of 25.8 percent to reach shipments of 228.3 million by 2020.
Fitness & activity trackers is the largest product category and accounts for a majority of todays
shipments. Decreasing prices and new form factors will enable fitness & activity trackers to reach
shipments of 71.0 million units in 2020. The smartwatch category has also started to reach significant
volumes and is predicted to become the largest device category reaching shipments of 110.0 million
devices in 2020, up from 19.5 million units in 2015. Limited availability, high prices and privacy concerns
have so far resulted in that sales of smart glasses have been modest. Promising use cases in professional
markets as well as in niche consumer segments will enable smart glasses to reach shipments of 11.0
million devices in 2020, up from only 0.1 million units in 2015.
Executive Summary
Learn more about this report
Connected wearables such as cardiac rhythm management devices, ECG monitors and mobile
Personal Emergency Response Systems (mPERS) are already common in the medical &
healthcare and people monitoring & safety segments. Annual shipments of medical devices and
people monitoring & safety devices are forecasted to grow to 11.0 million and 5.3 million
respectively by the end of the forecast period. New product innovation is also anticipated in the
next coming years that will result in successful products not known today and annual shipments
of these are predicted to grow at a CAGR of 188.5 percent from 0.1 million units in 2015 to reach
20.0 million units in 2020.
Bluetooth will remain the primary connectivity option in consumer centric wearables
throughout the forecast period and smartphones will act as the principal hub for remote
connectivity. The number of active cellular network connections from wearables is projected to
grow from 1.0 million in 2015 to reach 29.0 million connections in 2020. The growth is driven by
increasing adoption of cellular in the smartwatch category and the high adoption in the people
monitoring & safety segment in which cellular connectivity already is the main technology for
many types of devices. The most common connectivity option for wearable medical devices will
be low power NFC technologies and Bluetooth which enable remote connectivity via medical
monitoring system hubs. BYOD will have an increasing impact on the connected medical device
category, especially for patient-driven models of connected care.
ABOUT THE PUBLISHER
Berg Insight offers premier business intelligence to the telecom industry. We produce concise
reports providing key facts and strategic insights about pivotal developments in our focus
areas. Our vision is to be the most valuable source of intelligence for our customers. Berg
Insight was founded in 2004 by Johan Fagerberg and Tobias Ryberg. Berg Insight has its
headquarters in Gothenburg, Sweden and serves clients around the world.
View more reports from this publisher
Other Titles from this Publisher
Emerging Wireless Consumer Devices
Mobile Wallet Services
Industrial Automation and Wireless M2M
We Help You Find the Business
Intelligence You Need
Knowledge Center
With our Knowledge Center
solution, you gain unlimited,
company-wide access to an
entire catalog of industry-
specific market research
reports for one fixed cost,
providing your organization
with both predictability of
spend and reliability of
coverage. Plus, you will reduce
time and stress by utilizing the
Knowledge Center’s powerful
and convenient platform
functionality, including
advanced full-text search,
instant downloads, and alert
and usage-tracking tools.
Profound
MarketResearch.com’s
Profound solution allows you
to maximize your research
budget by purchasing only
the specific data you need.
Extract individual sections,
tables, charts or graphs from
our comprehensive
collection of more than
800,000 market research
reports from more than 200
publishers across nearly 700
industry sectors.
Market Research
Reports
MarketResearch.com
provides you with instant
online access to the most
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of market intelligence
products and services
available on the Web. Our
extensive database offers
reports from more than
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Connected Wearables – 2nd Edition

  • 1. Connected Wearables – 2nd Edition Brought to you by:
  • 2. Abstract This report will allow you to: Understand the key enablers for growth in the connected wearables market. Identify key players in the connected wearables ecosystem. Benefit from detailed forecasts for eight different device categories lasting until 2020. Learn about the markets for activity trackers, smartwatches, smart glasses and medical devices. Evaluate the business opportunities in new innovative device categories. Predict future market and technology developments. This report answers the following questions: Which are the main device categories within connected wearables? What are the main drivers on this market? What are the general technology trends for connected wearables? When will cellular connectivity be a common option in connected wearables? Which connected wearables offer the best potential for embedded cellular connectivity? Which are the leading wearables vendors? How will the markets for smart watches and fitness trackers converge? What new innovative wearables could become successes?
  • 3. Abstract The wearable form factor enables hands-free operation and allows the user to multitask and get immediate access to information. It also enables continuous recording of useful data such as body metrics, location and environmental data. Berg Insights definition of a connected wearable is a device meant to be worn by the user and which incorporates data logging and some sort of wireless connectivity. Connected wearables have for long been widely used in professional markets. The high smartphone adoption, cloud services, miniaturised hardware, sensor technology and low power wireless connectivity have enabled connected wearables to emerge as a new promising consumer segment as well. The number of applications for wearable technology is vast and includes imaging, augmented reality, media playback, navigation, data displaying, authentication, gesture control, monitoring and communication. A plethora of device categories such as smartwatches, fitness & activity trackers, smart glasses, people monitoring devices, medical devices and wearable computers target various market segments including infotainment & lifestyle, fitness & wellness, people monitoring & safety, medical & healthcare, enterprise & industrial and government & military. The market for connected wearables has entered a strong growth phase that will last for many years to come. Berg Insight estimates that shipments of connected wearables reached 72.5 million units in 2015. The market is expected to grow at a CAGR of 25.8 percent to reach shipments of 228.3 million by 2020. Fitness & activity trackers is the largest product category and accounts for a majority of todays shipments. Decreasing prices and new form factors will enable fitness & activity trackers to reach shipments of 71.0 million units in 2020. The smartwatch category has also started to reach significant volumes and is predicted to become the largest device category reaching shipments of 110.0 million devices in 2020, up from 19.5 million units in 2015. Limited availability, high prices and privacy concerns have so far resulted in that sales of smart glasses have been modest. Promising use cases in professional markets as well as in niche consumer segments will enable smart glasses to reach shipments of 11.0 million devices in 2020, up from only 0.1 million units in 2015.
  • 4. Executive Summary Learn more about this report Connected wearables such as cardiac rhythm management devices, ECG monitors and mobile Personal Emergency Response Systems (mPERS) are already common in the medical & healthcare and people monitoring & safety segments. Annual shipments of medical devices and people monitoring & safety devices are forecasted to grow to 11.0 million and 5.3 million respectively by the end of the forecast period. New product innovation is also anticipated in the next coming years that will result in successful products not known today and annual shipments of these are predicted to grow at a CAGR of 188.5 percent from 0.1 million units in 2015 to reach 20.0 million units in 2020. Bluetooth will remain the primary connectivity option in consumer centric wearables throughout the forecast period and smartphones will act as the principal hub for remote connectivity. The number of active cellular network connections from wearables is projected to grow from 1.0 million in 2015 to reach 29.0 million connections in 2020. The growth is driven by increasing adoption of cellular in the smartwatch category and the high adoption in the people monitoring & safety segment in which cellular connectivity already is the main technology for many types of devices. The most common connectivity option for wearable medical devices will be low power NFC technologies and Bluetooth which enable remote connectivity via medical monitoring system hubs. BYOD will have an increasing impact on the connected medical device category, especially for patient-driven models of connected care.
  • 5. ABOUT THE PUBLISHER Berg Insight offers premier business intelligence to the telecom industry. We produce concise reports providing key facts and strategic insights about pivotal developments in our focus areas. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight was founded in 2004 by Johan Fagerberg and Tobias Ryberg. Berg Insight has its headquarters in Gothenburg, Sweden and serves clients around the world. View more reports from this publisher Other Titles from this Publisher Emerging Wireless Consumer Devices Mobile Wallet Services Industrial Automation and Wireless M2M
  • 6. We Help You Find the Business Intelligence You Need Knowledge Center With our Knowledge Center solution, you gain unlimited, company-wide access to an entire catalog of industry- specific market research reports for one fixed cost, providing your organization with both predictability of spend and reliability of coverage. Plus, you will reduce time and stress by utilizing the Knowledge Center’s powerful and convenient platform functionality, including advanced full-text search, instant downloads, and alert and usage-tracking tools. Profound MarketResearch.com’s Profound solution allows you to maximize your research budget by purchasing only the specific data you need. Extract individual sections, tables, charts or graphs from our comprehensive collection of more than 800,000 market research reports from more than 200 publishers across nearly 700 industry sectors. Market Research Reports MarketResearch.com provides you with instant online access to the most comprehensive collection of market intelligence products and services available on the Web. Our extensive database offers reports from more than 720 leading publishers, offering expert insights on global industries, products, company profiles, and market trends.
  • 7. For more information and additional research, visit MarketResearch.com or call 800.298.5699 Brought to you by: