The Wearables and Devices sector delivers detailed analysis of the smartphone, tablet, and wearables industries with research extending from the underpinning enabling technologies implemented in future mobile devices to the demand and supply dynamics at work in the world’s markets. While these mobile devices create the largest global consumer electronics market, providing myriad opportunities, it also provides some of the toughest challenges for vendors as segments of the market mature. To counter this development, the practice provides an understanding of the next phase of growth in the mobile devices sector utilizing key segmentations, market data, and forecasts. Essential research areas to aid this understanding includes enterprise applications, mobile broadband adoption, the effects of new developing business models, demand shifts to the replacement market, the transformative impact of core enabling technologies (such as flexible displays, energy harvesting, array cameras, and smart biometrics), and new revenue opportunities in modular devices and smart accessories.
The downwards momentum in credit lending coupled with job losses and the severe financial impact on substantial institutions in the United States and around the world has had a whiplash effect on the global mobile device market. The about-turn in market confidence has been remarkable. For the first two quarters of 2008, the global mobile handset marketplace reported year-on-year increases of 14% and 13.9%, respectively. As 3Q 2008 closed and economic and electronics data started to come in from regional markets, it became apparent that a number of economic drivers are undermining the mobile device market. As a result, ABI Research has revised its 4Q 2008 and 2009 full year forecasts.