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WATCH OUT! Where is wearable 
technology going? 
Wearable technology 
Units (2018) Value (2018) 
130m US$8bn 
What's in the 
wardrobe? 
Eyewear 
Growing into it 
The size of the wearable 
technology market is set to 
grow. Yet it is still very 
small compared to other 
parts of the wearables and 
technology universe. 
5 year annual 
growth rate 
(2013-18) 
Commissioned by 
Smartphones (inc. phablets) 
© The Economist Intelligence Unit, 2014 
On trend or fashion 
faux pas? 
2018FORECASTS 
The Internet 
of everyone 
Clothing and footwear 
1.84bn 
Units (2018) Value (2018) 5 year annual growth rate (2013-18) 
33% 4% 
Clothing 
18% 
Jewellery 
US$1.06tn 
50bn No. of Internet-connected 
devices 
by 2020 
World 
population 7.5bn 
US$22.8tn 
World retail sales
Retro styles 
Watches 
© The Economist Intelligence Unit, 2014 
Health 
Fashion 
Where is wearable 
technology going? 
Growth opportunities in wearable technology are attracting new market entrants to an old industry (see right). 
But existing businesses and consumers are already discarding some products. 
1/3 
On trend or fashion faux pas? 
Incoming 
Old New 
Outgoing 
Batteries not 
included 
THE LOOKING GLASS 
Pocket watch 
invented, 
16th century 
Google X 
launches smart 
contact lens to 
help diabetics, 
2014 
Richard Nicoll 
shows 'Tinkerbell' 
dress at London 
Fashion Week, 
2014 
First 
wearable 
pacemaker 
fitted, 1958 
LA Gear 
launches 
L.A Lights 
1992 
US consumers with a 
wearable technology 
device bought it in 
the last 6 months 
US consumers stop 
wearing smart devices 
within 12 months of 
purchase 
Apple Watch 
unveiled, 
2014 
60% 
NIKE 
Fuelband 
Sportswear firm is 
exiting hardware to 
focus on software 
INTEL 
SMS Audio Biosport 
Headphones with built 
in sensors to monitor 
heart rate 
Commissioned by
Making wearables 
work for you 
Where is wearable 
technology going? 
© The Economist Intelligence Unit, 2014 Sources: The Economist Intelligence Unit; Endeavour Partners; 
Marketsandmarkets; IDC; GeoHive; Cisco 
Batteries not included 
Back to start 
SOCIAL FABRIC 
Harnessing Bodies 
Built environment 
Wi-Fi backscatter, 
developed by the University 
of Washington, runs 
battery-free devices on 
energy harnessed from 
existing radio, TV and 
wireless signals 
Trend spotting 
Power Felt, developed by 
Wake Forest University in 
the US, is a fabric that 
generates electricity from 
the warmth of body heat 
BP is issuing FitBit 
devices and rewards to 
past and present North 
American employees as 
part of its staff wellness 
programme 
Salesforce offers a 
'developer pack' to assist 
companies create apps 
that engage with customers 
via wearable devices 
Start-up TicTrac provides 
a single platform for 
syncing, tracking and 
anlysing all personal data 
from multiple devices 
Both Google Glass and the Apple 
Watch must be recharged every 
12 hours. For the sector to 
really take off, a new 
source of power 
is needed. 
Lithium-ion batteries 
found in wearable 
technology devices have 
been on sale since 1991. 
Performance has gradually 
improved but it may now be 
reaching its practical limit 
claim researchers at the 
University of California, 
Berkeley 
“The sector is shifting beyond external 
wearables like wristbands or clip-on devices to 
‘body-adapted’ electronics that further push the 
ever-shifting boundary between humans and 
technology.” 
World Economic Forum, Top 10 Emerging Technologies 2014 
Scientists 
are looking beyond the 
battery. Technology is being 
developed so that devices 
can "run" off their 
surroundings 
Commissioned by

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WHERE IS WEARABLE TECHNOLOGY GOING?

  • 1. WATCH OUT! Where is wearable technology going? Wearable technology Units (2018) Value (2018) 130m US$8bn What's in the wardrobe? Eyewear Growing into it The size of the wearable technology market is set to grow. Yet it is still very small compared to other parts of the wearables and technology universe. 5 year annual growth rate (2013-18) Commissioned by Smartphones (inc. phablets) © The Economist Intelligence Unit, 2014 On trend or fashion faux pas? 2018FORECASTS The Internet of everyone Clothing and footwear 1.84bn Units (2018) Value (2018) 5 year annual growth rate (2013-18) 33% 4% Clothing 18% Jewellery US$1.06tn 50bn No. of Internet-connected devices by 2020 World population 7.5bn US$22.8tn World retail sales
  • 2. Retro styles Watches © The Economist Intelligence Unit, 2014 Health Fashion Where is wearable technology going? Growth opportunities in wearable technology are attracting new market entrants to an old industry (see right). But existing businesses and consumers are already discarding some products. 1/3 On trend or fashion faux pas? Incoming Old New Outgoing Batteries not included THE LOOKING GLASS Pocket watch invented, 16th century Google X launches smart contact lens to help diabetics, 2014 Richard Nicoll shows 'Tinkerbell' dress at London Fashion Week, 2014 First wearable pacemaker fitted, 1958 LA Gear launches L.A Lights 1992 US consumers with a wearable technology device bought it in the last 6 months US consumers stop wearing smart devices within 12 months of purchase Apple Watch unveiled, 2014 60% NIKE Fuelband Sportswear firm is exiting hardware to focus on software INTEL SMS Audio Biosport Headphones with built in sensors to monitor heart rate Commissioned by
  • 3. Making wearables work for you Where is wearable technology going? © The Economist Intelligence Unit, 2014 Sources: The Economist Intelligence Unit; Endeavour Partners; Marketsandmarkets; IDC; GeoHive; Cisco Batteries not included Back to start SOCIAL FABRIC Harnessing Bodies Built environment Wi-Fi backscatter, developed by the University of Washington, runs battery-free devices on energy harnessed from existing radio, TV and wireless signals Trend spotting Power Felt, developed by Wake Forest University in the US, is a fabric that generates electricity from the warmth of body heat BP is issuing FitBit devices and rewards to past and present North American employees as part of its staff wellness programme Salesforce offers a 'developer pack' to assist companies create apps that engage with customers via wearable devices Start-up TicTrac provides a single platform for syncing, tracking and anlysing all personal data from multiple devices Both Google Glass and the Apple Watch must be recharged every 12 hours. For the sector to really take off, a new source of power is needed. Lithium-ion batteries found in wearable technology devices have been on sale since 1991. Performance has gradually improved but it may now be reaching its practical limit claim researchers at the University of California, Berkeley “The sector is shifting beyond external wearables like wristbands or clip-on devices to ‘body-adapted’ electronics that further push the ever-shifting boundary between humans and technology.” World Economic Forum, Top 10 Emerging Technologies 2014 Scientists are looking beyond the battery. Technology is being developed so that devices can "run" off their surroundings Commissioned by