where is wearable technology going?
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Where is wearable technology going? View this infographic to find out.TRANSCRIPT
130m US$8bnWearable technology
Units (2018) Value (2018)
WATCH OUT! Where is wearabletechnology going?
What's in thewardrobe?
Eyewear
The size of the wearable technology market is set to grow. Yet it is still very small compared to other parts of the wearables and technology universe.
Growing into it
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© The Economist Intelligence Unit, 2014
On trend or fashion faux pas?
Units (2018) Value (2018)
1.84bn
33% 4%
Smartphones (inc. phablets)
5 year annual growth rate (2013-18)Clothing
18%5 year annual growth rate (2013-18)
Jewellery
US$1.06tnClothing and footwear
2018FORECASTSThe Internetof everyone
50bnNo. of Internet-
connected devicesby 2020
World population
7.5bn
US$22.8tnWorld retail sales
Retro styles
Watches
© The Economist Intelligence Unit, 2014
Health
Fashion
Where is wearabletechnology going?
Growth opportunities in wearable technology are attracting new market entrants to an old industry (see right). But existing businesses and consumers are already discarding some products.
1/3
On trend or fashion faux pas?
Incoming
Old New
Outgoing
Batteries notincluded
THE LOOKING GLASS
Pocket watch invented,
16th century
Google X launches smart contact lens to help diabetics,
2014
Richard Nicoll shows 'Tinkerbell' dress at London Fashion Week,
2014
First wearable
pacemaker fitted, 1958
LA Gear launches L.A Lights
1992
US consumers with a wearable technology device bought it in the last 6 months
US consumers stop wearing smart devices within 12 months of purchase
Apple Watch unveiled,
2014
60%
Fuelband
NIKESportswear firm is exiting hardware to focus on software
Headphones with built in sensors to monitor heart rate
SMS Audio Biosport
INTEL
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Making wearables work for you
© The Economist Intelligence Unit, 2014 Sources: The Economist Intelligence Unit; Endeavour Partners; Marketsandmarkets; IDC; GeoHive; Cisco
Where is wearabletechnology going?
Batteries not included
Back to start
SOCIAL FABRIC
Built environmentWi-Fi backscatter, developed by the University of Washington, runs battery-free devices on energy harnessed from existing radio, TV and wireless signals
Harnessing Bodies
Trend spotting
Power Felt, developed by Wake Forest University in the US, is a fabric that generates electricity from the warmth of body heat
BP is issuing FitBit devices and rewards to past and present North American employees as part of its staff wellness
programme
Salesforce offers a'developer pack' to assist companies create apps
that engage with customers via wearable devices
Start-up TicTrac provides a single platform for
syncing, tracking and anlysing all personal data
from multiple devices
Both Google Glass and the Apple Watch must be recharged every12 hours. For the sector to really take off, a new source of power is needed.
Lithium-ion batteriesfound in wearable technology devices have been on sale since 1991. Performance has gradually improved but it may now be reaching its practical limit claim researchers at the University of California, Berkeley
“The sector is shifting beyond external wearables like wristbands or clip-on devices to ‘body-adapted’ electronics that further push the ever-shifting boundary between humans and technology.”World Economic Forum, Top 10 Emerging Technologies 2014
Scientistsare looking beyond the battery. Technology is being developed so that devices can "run" off their surroundings
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