Wrist Wearable Devices Market to Reach $35 billion by 2020 Wrist Wearable Devices Market | Page 16

technology has advanced greatly, enabled by the development in Micro-Electrical Mechanical
System (MEMS). This facilitated the production of electronic components at micro levels. The most
notable being the reduction in the size of notable sensors including accelerometers, gyroscopes
and several other body sensors which simultaneously led to the designing of wrist wearable
devices. In 1999, Samsung launched an early version of smart watch in the form of watch phone
that was capable of operating basic communication functions of a cellular phone.
As the technology for creating electronic components and their integration technique such as Very
Large Scale Integration (VLSI) has progressed further, many companies such as Fitbit, Misfit and
Jawbone entered the market with unique product offerings between 2007 and 2013. The product
offerings from the companies in the market have been unique at competitive prices with the
capability of monitoring different health parameters and tracking routine activities. 2014 had been
a remarkable year for wrist wearable devices. The market witnessed many emerging applications
including wrist wearable music players, wrist–mounted battery chargers, sun exposure monitors,
video recorders, anti-snoring devices and many others.
2.3

CLASSIFICATION

The report covers a detailed overview of the wrist wearable devices market by segmenting on
three key parameters: products, applications and geography. These segments are further classified
to provide an exhaustive overview of the market.
2.3.1

WRIST W EARABLE DEVICES - BY PRODUCTS

Based on the products, wrist wearable devices market has been classified into the following:
•

Activity trackers

•

Healthcare monitors

•

Lifestyle bands

•

Infotainment devices

•

Others.

Activity Trackers refers to wrist wearable devices that are utilized for tracking various fitness and
sports performance parameters such as strokes, paddles, distance and maximum g-force and so
on. This category includes sports and fitness trackers that can be comfortably worn on wrist. The
next category is Healthcare monitors capable of monitoring diverse health conditioning