Market Research Reports

European Wearable Technology Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

54pages
Published Date: 2014-07-10
 

Description


Wearable technology market is a niche market with current domination of a few players. As the technology is new and there are few players, the prices of the products are high. However, the applications of wearable devices are currently spanning across sectors such as fitness and wellness, infotainment, healthcare and medical and industrial and military. Additionally, the applications of these new technology products are expected to increase with further development in the devices, over the forecast period.

This market research study analyzes the wearable technology market at the European level, and provides estimates in terms of revenue (USD million) from 2013 to 2019. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

The application segments in the report include fitness and wellness, infotainment, healthcare and medical and industrial and military, estimated in terms of revenue (USD million). In addition, the products have been segmented into - Smart clothing and smart sport glasses, activity monitors, sleep sensors, smart watches, heads-up displays, smart glasses, continuous glucose monitor, drug delivery, monitors, wearable patches, hand worn terminals and augmented reality headsets among others. All these segments have also been estimated in terms of revenue (USD million).

For better understanding of the wearable technology market, we have included a detailed analysis of the value chain. A detailed Porter’s five forces analysis has been provided for a better understanding of the intensity of competition present in the market. Major market participants profiled in this report include Google Inc. Microsoft, Sony, Samsung, Nike and Adidas among others.

European Wearable technology Market: By applications
  • Fitness and Wellness
  • Infotainment
  • Healthcare and Medical
  • Industrial and Military
European Wearable technology Market: By products
  • Smart clothing and smart sport glasses
  • Activity monitors
  • Sleep sensors
  • Smart watches
  • Heads-Up displays
  • Smart glasses
  • Continuous glucose monitor
  • Drug delivery
  • Monitors
  • Wearable patches
  • Hand worn terminals
  • Augmented reality headsets

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology

Chapter 2 Market Overview
2.1 Value chain analysis
2.2 Market Drivers
      2.2.1 Large installed bases and rapid adoption of mobile compute products
      2.2.2 Advances in materials sciences, augmented reality and chip evolution
      2.2.3 Increased applications in healthcare and medical, fitness and wellness, infotainment, industrial and military sectors
      2.2.4 Compactness, multi-functionality, portability and easy use of wearable technology products
2.3 Market Restraints
      2.3.1 Low adoption rate due to high cost of products
      2.3.2 Limitation on size of its power source for all mobile technologies
2.4 Market opportunities
      2.4.1 Enhanced product quality, versatility and flexibility of its uses
      2.4.2 Rapid growth in sports and fitness wearable technology products in Europe
2.5 Porter’s Five Forces Analysis
      2.5.1 Bargaining power of suppliers
      2.5.2 Bargaining power of buyers
      2.5.3 Threat of new entrants
      2.5.4 Threat from substitutes
      2.5.5 Degree of competition

Chapter 3 Market segmentation by application and product type
3.1 Overview
3.2 Fitness and wellness
      3.2.1 Market size and forecast, 2012 – 2019
      3.2.2 Smart clothing and smart sports glasses
      3.2.3 Outdoor activity watch
              3.2.3.1 With altimeter
              3.2.3.2 With barometer
              3.2.3.3 With compass
     3.2.4 Running watches
              3.2.4.1 With heart rate monitors
              3.2.4.2 Without HRM
     3.2.5 Activity monitors
              3.2.5.1 Accelerometer based
              3.2.5.2 Heart rate based
      3.2.6 Sleep sensors
3.3 Infotainment
      3.3.1 Market size and forecast, 2012 – 2019
      3.3.2 Smart Watches
              3.3.2.1 Market size and forecast, 2012 – 2019
              3.3.2.2 With biometrics
              3.3.2.3 Without biometrics
     3.3.3 Augmented reality head-sets
              3.3.3.1 Market size and forecast, 2012 – 2019
      3.3.4 Smart glasses
              3.3.4.1 Market size and forecast, 2012 – 2019
3.4 Healthcare and Medical
      3.4.1 Market size and forecast, 2012 – 2019
      3.4.2 Continuous glucose monitor
      3.4.3 Market size and forecast, 2012 – 2019
      3.4.4 Drug delivery
      3.4.5 Market size and forecast, 2012 – 2019
      3.4.6 Heart rate monitors
      3.4.7 Market size and forecast, 2012 – 2019
               3.4.7.1 Touch sensor
               3.4.7.2 Strap sensor
               3.4.7.3 Optical sensor
      3.4.8 Wearable patches
      3.4.9 Market size and forecast, 2012 – 2019
      3.4.10 Others
      3.4.11 Market size and forecast, 2012 – 2019
3.5 Industry and Military
      3.5.1 Market size and forecast, 2012 – 2019
      3.5.2 Hand worn terminals
      3.5.3 Market size and forecast, 2012 – 2019
      3.5.4 Augmented reality headsets
      3.5.5 Market size and forecast, 2012 – 2019
      3.5.6 Others
      3.5.7 Market size and forecast, 2012 – 2019

List of Figures

FIG. 1 Value chain analysis of wearable technology market
FIG. 2 Large installed bases and rapid adoption of mobile compute products (in Millions)
FIG. 3 Energy Density of common sources of Power (AH/cm3)
FIG. 4 Porter’s Five Forces Analysis
FIG. 1 Europe wearable technology market by application - share and forecast, 2013vs. 2019 (Value %)
FIG. 2 Europe fitness and wellness market size and forecast, 2012 – 2019 (USD million)
FIG. 3 Europe fitness and wellness market by smart clothing and smart sports glasses market size and forecast, 2012 – 2019 (USD million)
FIG. 4 Europe fitness and wellness market by outdoor activity watch market size and forecast, 2012 – 2019 (USD million)
FIG. 5 Europe fitness and wellness market by running watches market size and forecast, 2012 – 2019 (USD million)
FIG. 6 Europe fitness and wellness market by activity monitors market size and forecast, 2012 – 2019 (USD million)
FIG. 7 Europe fitness and wellness market by sleep sensors market size and forecast, 2012 – 2019 (USD million)
FIG. 8 Europe infotainment market size and forecast, 2012 – 2019 (USD million)
FIG. 9 Europe infotainment market by smart watches - market size and forecast, 2012 – 2019 (USD million)
FIG. 10 Europe infotainment market by augmented reality head-sets - market size and forecast, 2012 – 2019 (USD million)
FIG. 11 Europe infotainment market by smart glasses - market size and forecast, 2012 – 2019 (USD million)
FIG. 12 Europe healthcare and medical market size and forecast, 2012 – 2019 (USD million)
FIG. 13 Europe healthcare and medical market by continuous glucose monitor market size and forecast, 2012 – 2019 (USD million)
FIG. 14 Europe healthcare and medical market by drug delivery market size and forecast, 2012 – 2019 (USD million)
FIG. 15 Europe healthcare and medical market by heart rate monitors market size and forecast, 2012 – 2019 (USD million)
FIG. 16 Europe healthcare and medical market by wearable patches market size and forecast, 2012 – 2019 (USD million)
FIG. 17 Europe healthcare and medical market by others market size and forecast, 2012 – 2019 (USD million)
FIG. 18 Europe industry and military market size and forecast, 2012 – 2019 (USD million)
FIG. 19 Europe industry and military market by hand worn terminals market size and forecast, 2012 – 2019 (USD million)
FIG. 20 Europe industry and military market by augmented reality headsets market size and forecast, 2012 – 2019 (USD million)
FIG. 21 Europe industry and military market by others market size and forecast, 2012 – 2019 (USD million)

List of Tables

TABLE 1 Drivers for the wearable technology market: Impact analysis
TABLE 2 Restraints for the global wearable technology market: Impact analysis
TABLE 3 Outdoor activity watch by type - size and forecast, 2012 – 2019 (in USD million)
TABLE 4 Running watches by type - size and forecast, 2012 – 2019 (in USD million)
TABLE 5 Activity monitors by type - size and forecast, 2012 – 2019 (in USD million)
TABLE 6 Smart Watches by type - size and forecast, 2012 – 2019 (in USD million)
TABLE 7 Heart rate monitors by type - size and forecast, 2012 – 2019 (in USD million)

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Free Market Analysis


Europe wearable technology market was valued at USD 308.69 million in 2013, growing at a CAGR of 42.1% from 2014 to 2019. Wearable technology market is a niche market with current domination of a few players. As the technology is new and there are few players, the prices of the products are high. However, the applications of wearable devices are currently spanning across sectors such as fitness and wellness, infotainment, healthcare and medical and industrial and military. Additionally, the applications of these new technology products are expected to increase with further development in the devices, over the forecast period.

The wearable technology market is segmented by application into fitness and wellness, infotainment, healthcare and medical, and industrial and military. Various products such as smart clothing and smart sports glasses, activity monitors, sleep sensors, smart watches, augmented reality headsets, and monitors in the wearable technology market are further included under these applications. These are further segmented into products with several features. For example, outdoor activity watches have been segmented into watches with altimeter, barometer and compass. Other products have been further segmented and covered in the report. Among these, the fitness and wellness segment accounted for the highest market share in 2012 and is expected to maintain its position throughout the forecast period due to rising adoption of wearable technology products.

Germany acquired the largest market for wearable technologies with a share of 32% in 2012. Technological innovations presented through various conferences on wearable technologies have created awareness and increased its adoption in the country. An example of such conference is Wearable Technology Conference (WTC) in Germany conducted by Wearable Technologies Service GmbH, a key player in the European market. In addition, developments are taking place in the field of self powering wearable devices in the country.

A large number of developments have been taking place in the wearable technology market in UK. In 2014, Wearable Technology Show was held in London which showcased innovative products in wearable technology. Moreover, the UK show also saw an alternative to Google glass, Optinvent Ora. These augmented reality glasses put a see through screen which is three times larger than the Google Glass. Active developments are also taking place in the field of smart clothing. A UK based textile firm Intelligent Textiles develops electrically active woven fabrics for commercial products ranging from body armor to heated bedding and garments connected to iPods. Owing to all these technological developments and new product launches, the demand for wearable technology is expected to rise in UK in the coming years and thus the region is analyzed to grow at a CAGR of 41.8% over the forecast period.

Scandinavian region include three countries namely Denmark, Norway and Sweden. Wearable technology market players in these countries are involved in the development of new wearable products through technical innovations. In Sweden, scientists are developing ways to power wearable devices through blood. These devices will use naturally occurring processes in human body to generate electricity. The developments in Denmark and Sweden are steady however; they are expected to increase with the entry of key players in these counties. Thus, the country is analyzed to witness a CAGR of 43.1% over the forecast period of 2014 to 2019.

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