Global Wearable Device Market: Key Research Findings 2016
Research Outline
- Research period: September 2015 to March 2016
- Research target: Manufacturers of mobile phones and wearable devices, wearable service providers, telecommunication enterprises, domestic semiconductor manufacturers, and overseas ODM/EMS businesses
- Research methodologies: Face-to-face interviews by the specialized researchers, surveys via telephone/e-mail, and literature research
<What a Wearable Device?>
A wearable device is a general term of an IT device that can be attached on human body to use contents through the internet or cloud services by aligning them with smart phones or by itself being standalone.
The wearable device market in this research is categorized into the following five devices: 1) smart watches, 2) smart bands, 3) smart glasses, 4) HMD (head-mount displays), and 5) others. The market size has been calculated based on the shipment volume at manufacturers. Note that the domestic smart band market targets only those health devices that can align with smartphones, including activity trackers and sleep meters.
Summary of Research Findings
- Global Shipment of Wearable Devices Projected to Attain 71,059 Thousand in 2015, and 322,780 Thousand by 2020
Size of the global wearable device market in 2015, based on the shipment volume at manufacturers, reached 71,059 thousand units, among which smart bands attained 46,370 thousand, smart watches 22,180 thousand, HMDs 874 thousand, smart glasses 780 thousand, and others 855 thousand. The market is driven by inexpensive smart bands and by smart watches developed by growing number of market players. The global wearable device market is likely to expand by 164.1% to attain 116.634 million units by 2016, and is considered to achieve 322.780 million units by 2020.
- Domestic Shipment of Wearable Devices in 2015 Projected to Achieve 2,092 Thousand in 2015, and 11,600 Thousand Units by 2020
Size of the domestic wearable device market in 2015, based on the shipment volume at manufacturers reached 2,092 thousand units, among which smart bands shipped 1,405 thousand units, smart watches 615 thousand, smart glasses 39 thousand, HMD 16 thousand, and others 17 thousand. The market is driven by smart bands mainly due to consumers’ health consciousness. The entire domestic wearable device market size is projected to increase by 171.4% to achieve 3,585 thousand units in 2016, and is considered to attain 11,600 thousand units by 2020.
- Figure &Table 1: Transition and Forecast of Global Market Size of Wearable Devices
- Figure &Table 2: Transition and Forecast of Domestic Market Size of Wearable Devices
