Market Research Reprots- Worldwide Wearable Technology Ecosystem Market

Wearable Technology Ecosystem Market
2018-2030:–
Opportunities, Challenges,
Strategies, Industry Verticals and Forecasts
Wearable device shipments will grow at a CAGR of approximately 22% between 2018 and
2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over
250 Million annual unit shipments
While wearable technology has been utilized in vertical sectors such as the military and
healthcare industries 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 Smartwatches and fitness trackers to
smart glasses to hearables.