XtendedView

  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Home
  • Technology
    • How to
    • News
    • Computer
    • Windows
  • Internet
    • WordPress
    • Web
    • Google
    • Marketing
    • Social Media
  • Gadgets
    • iOS
    • Games
    • Android
  • About
    • Our Team
  • Contact us

Wearable electronics – a multi-billion dollar industry

Author: Editorial Staff   Last updated on: December 23, 2013    Leave a Comment  

FacebookTweetLinkedInPin

It’s already recognised as one of the fastest growing electronics markets on the planet, but a new survey by MarketsandMarkets has suggested that the wearable electronics industry could be worth an impressive $8billion by 2018. When you consider that wearables is a relatively new concept to the public, and that we are still in the early stages of the wearable electronic era, that projection in such a short space of time is astonishing.

090310084844-large

The same survey estimates that this market will spread across a wide range of applications and delivery methods, from smart watches and heads up glasses to smart textiles and flexible screen technology. Indeed, these methods are already in use in a number of different arenas, from medical sensors through to military applications in the battlefield, and they are now starting to filter down to the commercial sector.

Put simply, those in the business believe that wearables will be the ‘next big thing’, and like all big things, that means big profits to be made by anyone who’s ahead of the game.

A fledgling industry

In 2012, the global wearable electronics market was worth $2.5billion – impressive for such a fledgling industry but still some way short of the lofty predictions currently being bandied around. Wristwear such as the Galaxy Gear and the Nike FuelBand were the top sellers, so what is it that will propel wearables to the next level?

Smart textiles are predicted to be popular with consumers, but what will ensure that this translates into hard sales will be design houses that manage to combine form with functionality. But while smart textiles may present developers with some opportunities to bring complex products to market, it seems to be the wrist wearables that have really captured the public’s imagination.

Next gen technology

Admittedly, the first generation smart watches have experienced some teething problems, but with the development of the Pebble Watch and second generation Galaxy Gear watches, those issues will be ironed out. Truly flexible screen technology is the enabling factor in wearable electronics, as Plastic Logic CEO Indro Mukerjee explains: “Plastic Logic’s flexible plastic displays are completely transformational in terms of product interaction with unbreakable bendable lightweight displays on the wrist with a large viewing area only made possible by flexible displays.”

The big marketplaces will be China, Europe and the United. This rapid expansion of the wearables market bodes well for developers and manufacturers who have embraced the technology at an early stage and also for their supply chain. Market trends and drivers indicate that both the wearable electronics market and its sub-segments will expand rapidly in both shipments and revenue.

The changing landscape of electronics is expanding beyond the major producers and there is currently room within the market for innovative, smaller companies who can make the most of the technological advances on offer. Consider that the Pebble Watch was crowd funded, and you can see the potential for a good idea to quickly become the ‘next big thing’. That ‘next big thing’ could be worth a healthy proportion of the anticipated $8billion electronic wearables marketplace by 2018.

FacebookTweetLinkedInPin

Filed Under: Technology   

More on XtendedView Right Now!

  • How Artificial Intelligence Is Shaping the Apparel Industry

  • Flanges Constituting the Petrochemical Industry

  • Understand the Latest Trends of Offshore Software Development 2021

  • What is Peer to Peer File Sharing Software P2P: How It Works?

About Editorial Staff

This is the team of writers and editors at Xtendedview.

Editorial Staff has written 600 awesome articles for us at XtendedView.

  • Find Editorial Staff On
❮
Smart TV: Better quality and High-tech entertainment
❯
RailYatri: The Smartest App for Train Travelers in India

 Comment Policy

Your words are your own, so be nice and helpful if you can. Please, only use your REAL NAME, not your business name or keywords. Using business name or keywords instead of your real name will lead to the comment being deleted. Anonymous commenting is not allowed either. Limit the amount of links submitted in your comment. We accept clean XHTML in comments, but don't overdo it please. You can wrap code in [lang-name][/lang-name] tags.


Tell us what you're thinking... Cancel reply

If you want a picture to show with your comment, then get Gravatar!

Connect on Facebook

How To Tech

Latest Articles

  • How to Run Android Applications on MAC
  • Digital Ocean Review: Cheapest Cloud Hosting and Unmanaged VPS
  • 4 Tips for Using Social Media to Cultivate Meaningful Friendship
  • 14 Ways: How to Improve Alexa Rank of Your Blog

Featured Articles

  • How to Turn off Laptop Screen Manually
  • Best Alternatives for Logic Pro X on Windows 10
  • Digital Ocean Review: Cheapest cloud hosting
  • How to run Android applications on MAC
  • How to remove login password from windows 8
  • How to Play Android games on Windows PC

Trending Topics

  • Android 22
  • Apps 15
  • Automobile 6
  • Blogging 38
  • Business 102
  • Computer 124
  • Education 25
  • Games 11
  • Games 123
  • Google 12
  • How to 56
  • Internet 204
  • Marketing 12
  • Mobile 47
  • Technology 185
  • Windows 15
  • Wordpress 12
  • Some Rights Reserved. Xtendedview | Copyrights 2011-2022 | Site Map | Privacy Policy
  • XtendedView is built on WordPress
  • WordPress Hosting by Bluehost