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 potential and the appeal for wearable devices enabled with a wireless connectivity cuts across multiple segments by extending the reach of the network to automatically track and share an individual’s daily activities. ABI Research’s mHealth Research Service segments the wearable wireless device market into four primary markets. These are:
· Sports, Fitness and Wellness,
· Home Monitoring,
· Remote Patient Monitoring
· On-Site Professional healthcare monitoring.
This Competitive Assessment report focuses on the first category only: Sports, Fitness and Wellness devices.
Wearable wireless devices in the Sports, Fitness and Wellness market measure sports performance, daily activity, sleep patterns, and other related physical parameters. Another key factor that distinguishes this market is its consumer focus and that, unlike devices in the other healthcare markets, these devices do not require FDA or other national health regulator certification.
Wearable wireless sensors for sports and fitness have been available for more than thirty years, but the market has remained relatively specialized and niche. Wearable device and short-range wireless protocol vendors have supplied professional athletes, gyms, and dedicated amateurs who were not dissuaded by high-level entry costs and proprietary systems.
A range of factors are radically changing the market. New vendors, devices, applications, and a shift to standardized connectivity are all changing the market. In the last year alone, there have been a slew of new products looking to expand the reach and potential of wearable wireless devices bringing new applications, functions, and business models. New players include start-ups and major corporations drawn by the potential for wearable devices.