European Wearable Technology Market: Germany and UK to Push Market at 42.1% CAGR during 2013-2019
the Europe wearable technology market is expected to expand at a CAGR of 42.1% during the period between 2014 and 2019. The Market was worth US$308.69 million in 2013 and The region is expected to be valued at US$2,545.51 million by 2019.
the Europe wearable technology market is expected to expand at a CAGR of 42.1% during the period between 2014 and 2019. The Market was worth US$308.69 million in 2013 and The region is expected to be valued at US$2,545.51 million by 2019.
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Transparency <strong>Market</strong><br />
Research<br />
<strong>European</strong> <strong>Wearable</strong> <strong>Technology</strong> <strong>Market</strong> - Industry Analysis,<br />
Size, Share, Growth, Trends <strong>and</strong> Forecast, <strong>2013</strong> - <strong>2019</strong><br />
Published D<strong>at</strong>e<br />
10-July-2014<br />
54 Page Report<br />
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Press Release<br />
Europe <strong>Wearable</strong> <strong>Technology</strong> <strong>Market</strong> is Expected <strong>to</strong> Reach<br />
USD 2545.51 Million in <strong>2019</strong>: Transparency <strong>Market</strong><br />
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<strong>European</strong> <strong>Wearable</strong> <strong>Technology</strong><br />
<strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>European</strong> <strong>Wearable</strong> <strong>Technology</strong> <strong>Market</strong> - Industry Analysis, Size, Share, Growth, Trends <strong>and</strong><br />
Forecast, <strong>2013</strong> - <strong>2019</strong><br />
According <strong>to</strong> a new market report published by Transparency <strong>Market</strong> Research "<strong>Wearable</strong> <strong>Technology</strong><br />
<strong>Market</strong> - <strong>European</strong> Industry Analysis, Size, Share, Growth, Trends <strong>and</strong> Forecast, <strong>2013</strong> - <strong>2019</strong>," this market<br />
was valued <strong>at</strong> USD 308.69 million in <strong>2013</strong>, growing <strong>at</strong> a <strong>CAGR</strong> of <strong>42.1%</strong> from 2014 <strong>to</strong> <strong>2019</strong> <strong>to</strong> account for<br />
USD 2545.51 million in <strong>2019</strong>.<br />
<strong>Wearable</strong> technology market is a niche market with current domin<strong>at</strong>ion of a few players. As the technology<br />
is new <strong>and</strong> there are few players, the prices of the products are high. However, the applic<strong>at</strong>ions of<br />
wearable devices are currently spanning across sec<strong>to</strong>rs such as fitness <strong>and</strong> wellness, infotainment,<br />
healthcare <strong>and</strong> medical <strong>and</strong> industrial <strong>and</strong> military. Additionally, the applic<strong>at</strong>ions of these new technology<br />
products are expected <strong>to</strong> increase with further development in the devices, over the forecast period.<br />
Browse the full Europe <strong>Wearable</strong> <strong>Technology</strong> <strong>Market</strong> Report <strong>at</strong><br />
http://www.transparencymarketresearch.com/europe-wearable-technology-market.html<br />
The wearable technology market is segmented by applic<strong>at</strong>ion in<strong>to</strong> fitness <strong>and</strong> wellness, infotainment,<br />
healthcare <strong>and</strong> medical, <strong>and</strong> industrial <strong>and</strong> military. Various products such as smart clothing <strong>and</strong> smart<br />
sports glasses, activity moni<strong>to</strong>rs, sleep sensors, smart w<strong>at</strong>ches, augmented reality headsets, <strong>and</strong> moni<strong>to</strong>rs<br />
in the wearable technology market are further included under these applic<strong>at</strong>ions. These are further<br />
segmented in<strong>to</strong> products with several fe<strong>at</strong>ures. For example, outdoor activity w<strong>at</strong>ches have been<br />
segmented in<strong>to</strong> w<strong>at</strong>ches with altimeter, barometer <strong>and</strong> compass. Similarly, running w<strong>at</strong>ches have been<br />
segmented in<strong>to</strong> w<strong>at</strong>ches with heart r<strong>at</strong>e moni<strong>to</strong>rs <strong>and</strong> without heart r<strong>at</strong>e moni<strong>to</strong>rs. Other products have<br />
been further segmented <strong>and</strong> covered in the report. Among these, the fitness <strong>and</strong> wellness segment<br />
accounted for the highest market share in 2012 <strong>and</strong> is expected <strong>to</strong> maintain its position throughout the<br />
forecast period due <strong>to</strong> rising adoption of wearable technology products.<br />
<strong>Germany</strong> acquired the largest market for wearable technologies with a share of 32% in 2012. Technological<br />
innov<strong>at</strong>ions presented through various conferences on wearable technologies have cre<strong>at</strong>ed awareness <strong>and</strong><br />
increased its adoption in the country. An example of such conference is <strong>Wearable</strong> <strong>Technology</strong> Conference<br />
(WTC) in <strong>Germany</strong> conducted by <strong>Wearable</strong> Technologies Service GmbH, a key player in the <strong>European</strong><br />
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market. This conference provides a pl<strong>at</strong>form for experts in this industry <strong>and</strong> further acceler<strong>at</strong>es the growth<br />
of wearable technology in this country. In addition, developments are taking place in the field of self<br />
powering wearable devices in the country.<br />
A large number of developments have been taking place in the wearable technology market in <strong>UK</strong>. In<br />
2014, <strong>Wearable</strong> <strong>Technology</strong> Show was held in London which showcased innov<strong>at</strong>ive products in wearable<br />
technology. Moreover, the <strong>UK</strong> show also saw an altern<strong>at</strong>ive <strong>to</strong> Google glass, Optinvent Ora. These<br />
augmented reality glasses put a see through screen which is three times larger than the Google Glass.<br />
Active developments are also taking place in the field of smart clothing. A <strong>UK</strong> based textile firm Intelligent<br />
Textiles develops electrically active woven fabrics for commercial products ranging from body armor <strong>to</strong><br />
he<strong>at</strong>ed bedding <strong>and</strong> garments connected <strong>to</strong> iPods. This company supplies its fabric throughout Europe <strong>and</strong><br />
the United St<strong>at</strong>es. Owing <strong>to</strong> all these technological developments <strong>and</strong> new product launches, the dem<strong>and</strong><br />
for wearable technology is expected <strong>to</strong> rise in <strong>UK</strong> in the coming years <strong>and</strong> thus the region is analyzed <strong>to</strong><br />
grow <strong>at</strong> a <strong>CAGR</strong> of 41.8% over the forecast period.<br />
Sc<strong>and</strong>inavian region include three countries namely Denmark, Norway <strong>and</strong> Sweden. <strong>Wearable</strong> technology<br />
market players in these countries are involved in the development of new wearable products through<br />
technical innov<strong>at</strong>ions. In Sweden, scientists are developing ways <strong>to</strong> power wearable devices through blood.<br />
These devices will use n<strong>at</strong>urally occurring processes in human body <strong>to</strong> gener<strong>at</strong>e electricity. The energy will<br />
be s<strong>to</strong>red in biofuel cells <strong>and</strong> can be utilized <strong>to</strong> power medical applic<strong>at</strong>ions of wearable technology. The<br />
developments in Denmark <strong>and</strong> Sweden are steady however; they are expected <strong>to</strong> increase with the entry<br />
of key players in these counties. Thus, the country is analyzed <strong>to</strong> witness a <strong>CAGR</strong> of 43.1% over the<br />
forecast period of 2014 <strong>to</strong> <strong>2019</strong>.<br />
For better underst<strong>and</strong>ing of the wearable technology market, we have included a detailed analysis of the<br />
value chain. A detailed Porter's five forces analysis has been provided for a better underst<strong>and</strong>ing of the<br />
intensity of competition present in the market. Major market participants profiled in this report include<br />
Google Inc. Microsoft, Sony, Samsung, Nike <strong>and</strong> Adidas among others.<br />
<strong>Wearable</strong> technology <strong>Market</strong>: By applic<strong>at</strong>ions<br />
• Fitness <strong>and</strong> Wellness<br />
• Infotainment<br />
• Healthcare <strong>and</strong> Medical<br />
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Industrial <strong>and</strong> Military<br />
<strong>Wearable</strong> technology <strong>Market</strong>: By products<br />
• Smart clothing <strong>and</strong> smart sport glasses<br />
• Activity moni<strong>to</strong>rs<br />
• Sleep sensors<br />
• Smart w<strong>at</strong>ches<br />
• Heads-Up displays<br />
• Smart glasses<br />
• Continuous glucose moni<strong>to</strong>r<br />
• Drug delivery<br />
• Moni<strong>to</strong>rs<br />
• <strong>Wearable</strong> p<strong>at</strong>ches<br />
• H<strong>and</strong> worn terminals<br />
• Augmented reality headsets<br />
Browse the full Europe <strong>Wearable</strong> <strong>Technology</strong> <strong>Market</strong> Report <strong>at</strong><br />
http://www.transparencymarketresearch.com/europe-wearable-technology-market.html<br />
TABLE OF CONTENT<br />
Chapter 1 Preface<br />
1.1 Report Description<br />
1.2 Research Scope<br />
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1.3 Research Methodology<br />
Chapter 2 <strong>Market</strong> Overview<br />
2.1 Value chain analysis<br />
2.2 <strong>Market</strong> Drivers<br />
2.2.1 Large installed bases <strong>and</strong> rapid adoption of mobile compute products<br />
2.2.2 Advances in m<strong>at</strong>erials sciences, augmented reality <strong>and</strong> chip evolution<br />
2.2.3 Increased applic<strong>at</strong>ions in healthcare <strong>and</strong> medical, fitness <strong>and</strong> wellness, infotainment, industrial<br />
<strong>and</strong> military sec<strong>to</strong>rs<br />
2.2.4 Compactness, multi-functionality, portability <strong>and</strong> easy use of wearable technology products<br />
2.3 <strong>Market</strong> Restraints<br />
2.3.1 Low adoption r<strong>at</strong>e due <strong>to</strong> high cost of products<br />
2.3.2 Limit<strong>at</strong>ion on size of its power source for all mobile technologies<br />
2.4 <strong>Market</strong> opportunities<br />
2.4.1 Enhanced product quality, vers<strong>at</strong>ility <strong>and</strong> flexibility of its uses<br />
2.4.2 Rapid growth in sports <strong>and</strong> fitness wearable technology products in Europe<br />
2.5 Porter’s Five Forces Analysis<br />
2.5.1 Bargaining power of suppliers<br />
2.5.2 Bargaining power of buyers<br />
2.5.3 Thre<strong>at</strong> of new entrants<br />
2.5.4 Thre<strong>at</strong> from substitutes<br />
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2.5.5 Degree of competition<br />
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Chapter 3 <strong>Market</strong> segment<strong>at</strong>ion by applic<strong>at</strong>ion <strong>and</strong> product type<br />
3.1 Overview<br />
3.2 Fitness <strong>and</strong> wellness<br />
3.2.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.2.2 Smart clothing <strong>and</strong> smart sports glasses<br />
3.2.3 Outdoor activity w<strong>at</strong>ch<br />
3.2.3.1 With altimeter<br />
3.2.3.2 With barometer<br />
3.2.3.3 With compass<br />
3.2.4 Running w<strong>at</strong>ches<br />
3.2.4.1 With heart r<strong>at</strong>e moni<strong>to</strong>rs<br />
3.2.4.2 Without HRM<br />
3.2.5 Activity moni<strong>to</strong>rs<br />
3.2.5.1 Accelerometer based<br />
3.2.5.2 Heart r<strong>at</strong>e based<br />
3.2.6 Sleep sensors<br />
3.3 Infotainment<br />
3.3.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
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3.3.2 Smart W<strong>at</strong>ches<br />
3.3.2.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.3.2.2 With biometrics<br />
3.3.2.3 Without biometrics<br />
3.3.3 Augmented reality head-sets<br />
3.3.3.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.3.4 Smart glasses<br />
3.3.4.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.4 Healthcare <strong>and</strong> Medical<br />
3.4.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.4.2 Continuous glucose moni<strong>to</strong>r<br />
3.4.3 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.4.4 Drug delivery<br />
3.4.5 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.4.6 Heart r<strong>at</strong>e moni<strong>to</strong>rs<br />
3.4.7 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.4.7.1 Touch sensor<br />
3.4.7.2 Strap sensor<br />
3.4.7.3 Optical sensor<br />
3.4.8 <strong>Wearable</strong> p<strong>at</strong>ches<br />
3.4.9 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
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3.4.10 Others<br />
3.4.11 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.5 Industry <strong>and</strong> Military<br />
3.5.1 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.5.2 H<strong>and</strong> worn terminals<br />
3.5.3 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.5.4 Augmented reality headsets<br />
3.5.5 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
3.5.6 Others<br />
3.5.7 <strong>Market</strong> size <strong>and</strong> forecast, 2012 – <strong>2019</strong><br />
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