J’son & Partners Consulting - Russian and Global Market of Hi-Tech Wearable Devices, Results of 2014

J’son & Partners Consulting presents brief results of the research: Russian and Global Market of Hi-Tech Wearable Devices, Results of 2014

Wearable Computing Devices or Smart Devices as a rule operate under management of operational systems (or are comparable to it), they equipped with GPS technology, Bluetooth and Wi-Fi for synchronization with smartphones and other smart devices; with GSM, 2G and 3G for making calls, texting and also with accelerometer, thermometer, compass, chronograph and other technologies.

Global Market of Hi-Tech Wearable Devices

The appearance and distribution of hi-tech wearable devices is one of the most popular trends on the consumer electronics market. Foreign analysts forecast smart devices market at the level of 22.9 bln USD by 2020. Such estimations were based on the theory that key market players will focus their efforts on programming and consumer trend’s predictions, which will replace so-called “dead” by popularity notebooks, tablet PCs and smartphones.

According to Analysys Mason’s analysts, Apple Watch launch in 2015 will be a breaking moment for the market. After Apple’s announcement about smart watch in September 2014, loyal Apple clients are waiting for watches’ launch, which is influence the sales of smart watches produced by other companies and the market in total.

Other manufacturers, such as LG, Motorola and Samsung will win due to the loyalty to their high tech devices, but in the short and midterm perspective, Apple won’t have large competitors for market share of smart watches.

The comparability of smart watches by Apple with iOS system, e.g. other Apple devices, such as Apple TV, HomeKit, HealthKit, Apple Pay will increase devices’ sales and will lead to more active use of them and also will make Apple ecosystem stronger.

As of 2014, fitness tracker is a leading high tech category among wearable devices, which takes around 47% of the market. It is worth to mention, that this category’s share will decrease due to smart watches popularity – category, which now has 8% and will take 17% by 2015. Market structure depends on acceptance by customers’ high-tech wearable devices.

Medical smart devices is the second largest category, widely presented on the market. Consumer smart devices, used in medical sphere, such as earphones, wearable terminals, pulse trackers, dosing devices, and also devices that control the recovery process, all belong to this category. In the nearest future this part will increase its market share among hi-tech wearable devices.

Smart cloths category will also expand, which is now considered as one of the most innovational and interesting market trend. Smart cloths are being used in medical, industry, military and also sport spheres