AUSTIN, TX -- (Marketwired) -- 10/03/13 -- Wearing a wristwatch is an everyday habit for many, while serious athletes and casual exercisers have been wearing sports watches for years to track elapsed time and number of laps. What, then, is new about a mobile wearable device? A mobile wearable device, such as a smartwatch, makes information from a synchronized smartphone more accessible to the wearer. Fitness and health tracking devices, another type of wearable device, gather the wearer's physical data, which can then be displayed and analyzed using applications on a smartphone.
Over the five year period between 2012 and 2017, fitness and healthcare device sales in the U.S. are expected to grow at a CAGR of 48.5 percent and smartwatch sales are expected to grow at a CAGR of almost 195 percent.
"Although smartphones' convenient display of time has made standard watches obsolete for many young consumers, the instantaneous information provided by smartwatches and fitness wearable devices may once again make wearing a device on the wrist a commonplace occurrence," said Iain Gillott, president and founder of iGR, a market research consultancy focused on the wireless and mobile industry. "iGR expects that the mobile wearable device market in the U.S. will grow significantly, as the smartphone market matures and slows."
iGR's new market research report, U.S. Mobile Wearable Devices Forecast, 2012 - 2017, defines three groups of wearable devices: fitness and health tracking devices, smartwatches, and smart glasses. It provides results from iGR's latest survey of U.S. consumers, which quantified consumers' familiarity with, interest in, and current use of these devices. The report includes a five-year forecast for the sales of both fitness and health tracking devices and smartwatches. Finally, it includes profiles of dozens of companies that provide products in these developing markets.
The following key questions are addressed in the new research study:
The information in this report will be valuable for:
iGR is a market strategy consultancy focused on the wireless and mobile communications industry. Founded by Iain Gillott, one of the wireless industry's leading analysts, in late 2000 as iGillottResearch, iGR is now entering its thirteenth year of operation. iGR continuously researches emerging and existent technologies, technology industries, and consumer markets. We use our detailed research to offer a range of services to help companies improve their position in the marketplace, clearly define their future direction, and ultimately improve their bottom line.
iGR researches a range of wireless and mobile products and technologies, including: smartphones; tablets; mobile applications; bandwidth demand and use; small cell architectures; DAS; LTE; VoLTE; IMS; NFC; GSM/GPRS/UMTS/HSPA; CDMA 1x/EV-DO; iDEN; SIP; macro-, pico- and femtocells; mobile backhaul; WiFi and WiFi offload; and SIM and UICC.
A more complete profile of the company can be found at www.igr-inc.com.