Wearable technology is setting off a hot topic in the market, as evidenced by the latest figures from the market. According to IMS Research, the global wearable technology market generated approximately $2 billion in revenue in 2011 and is expected to reach $6 billion in sales by 2016. The study also showed that about 14 million wearable devices were shipped in 2011, and this shipment figure is expected to reach 171 million units in 2016.
IMS Research's findings are published in a report entitled "World Market for Wearable Technology - A QuanTItaTIve Market Assessment - 2012", which is a review of the analysis report. A global wearable electronic device that is being loaded by users for a long time in professional and consumer environments. These devices not only use advanced circuit construction, but also wireless transmission, but also have the ability to process data.
The report found a growing demand for this technology in markets such as healthcare, slimming and health. In these markets, these wearable devices are used to collect and transmit important data such as pulse, respiration, body temperature, and blood pressure of patients through electronic and wireless technologies. Major products in these areas include blood glucose monitors from companies such as Abbott Laboratories and Medtronic Inc.; activity monitoring devices from Fitbit, Adidas miCoach and Nike Fuelban, and fitness and heart rate monitoring devices from companies such as Garmin, Polar and Suunto.
The growth of the wearable technology market is inextricably linked to the smartphone and gaming markets. According to IMS Research, a total of 485 million smartphones were shipped in 2011. It is expected that the global smartphone market will reach 1.2 billion by 2016. The global wireless handset user installation base will also increase from 5.8 billion in 2011 to 8.7 billion in 2016.
As the number of smartphone users increases and smartphones become users' information centers, more and more devices will be connected to smartphones and exchange data in the future. In the healthcare and fitness market, these devices include continuous blood glucose monitors and activity monitors.
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