$250BN of potential opportunity is opening up IN wearables

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Disruption - as wristwear heads to ~$ 100 bn sales revenue is the next big trend- $250BN of potential opportunity is opening up

Top Growth Stories

THERE IS ~USD 265 Bn POTENTIAL WITHIN wearable technology APPLICATIONS, more than HALF OF WHICH IS CONTRIBUTED BY consumer electronics

ADDITIONALLY, WE HAVE ASSISTED A HOST OF wearable technology PLAYERS to TAP HIGH GROWTH OPPORTUNITIES ACROSS EMERGING END-USERS, GEOGRAPHIES & COMPETITION

See what is impacting your business in less than 10 minutes.

WHY DO COMPANIES NEED HELP TO GROW ?

ABSENCE OF ORIGINAL RESEARCH:

  • Complex and overlapping markets for library prep and target enrichment kits, hence difficult to calculate market potential and TAM
  • Insufficient secondary research for strategic decisions

INTELLIGENCE IS NOT DEMOCRATISED:

  • Client's unmet needs need to be understood by all market facing employees for new product development and vendor selection.
  • Bleak knowledge about upcoming technologies and growing applications such as consumer electronics and healthcare applications

GROWTH PROGRAM DESIGN AND EXECUTION:

  • Lack of wearable technology knowledge and practice in competitive intel, pricing and product features, especially in wearables

SOME UNKNOWNS & ADJACENCIES

  • Adoption levels of automation in wearables is low. Currently it ranges between 30-40% globally, however, in developed countries it is approaching 50%. As automation reduces TAT, helps in minimization of errors and provides reproducible results, it is largely used in consumer electronics and healthcare applications
  • Increasing focus on personalized health tracking drive the wearables market
  • Markets such as wearables in healthcare, wearables in automotive, and wearables in manufacturing provide immense growth opportunities owing to rising popularity of IoT and connected devices
  • In target enrichment, developed countries use compact devices are mostly preferred
40+ wearables COMPANIES GROWING THEIR REVENUES WORTH >USD 70 BN ARE RELYING ON MARKETSANDMARKETS

GROWTH PROBLEMS ENCOUNTERED BY WEARABLES COMPANIES

Customer prioritization and assessing unmet needs:

  1. What are the disruptions in our clients' businesses? How can we support them for our own growth?
  2. Who are the most potential customers going forward? Should we prioritize consumer electronics, healthcare, enterprise & industrial applications or aerospace & defense companies?
  3. What are the key unmet needs of customers? Who are the key stakeholders in different settings? Do vendor selection criteria differ by settings? Which new product features should be added to the existing products?

Where to Play:

  1. Which applications and technologies should we focus on? Should it be AR/VR, smartwatches, smartbands, or any other?
  2. Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?

Building a compelling Right to Win (RTW):

  1. For M&A, which are the right targets for us? Should we target AR/VR companies or smartwatches, smartbands companies? Should we enter new markets directly or through partners?
  2. How can we differentiate from top players? What is their right-to-win vs ours?

OBSTACLES TO GROWTH FOR CURRENT PLAYERS

  1. Not able to keep pace with fast evolving wearables industry - New technologies are emerging leading to decreasing cost of devices
  2. Many start-ups and emerging companies eating up market share of established companies
  3. Limited clarity on unmet needs, hence requirements for product features
  4. Limited clarity on relevant vs redundant wearable devices for the future
  5. Unclear picture about the regulatory and reimbursement scenario

KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO

KEY QUESTIONS OF WEARABLE COMPANIES

  • Which wearable technology will be relevant and redundant in the next 5 years?
  • Can wearable devices become affordable?
  • How can companies optimize the manufacturing processes to be more agile and efficient to achieve a more features which higher efficiency?
  • What regulatory policies can help strategize and achieve higher sales?
  • What can be done to increase the awareness of wearable devices in healthcare applications?

KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS

  • What are the regulations surrounding data privacy and security?
  • Which machine learning approaches can be used to address data limitations so that AI models do not lead to misleading insights or faulty predictions?
  • How are companies handling machine bias?
  • When can a 100% AI integration into wearable devices be expected?
  • What will be the impact of automation on wearables market?

What is driving change
in your business

  • Product life cycles getting shorter.
  • Ecosystems getting converged.
  • Newer technologies and new use-cases disrupting.
  • New markets, new geographies, new clients, competition and partners.

Are changes only impacting you or your clients and their clients as well?

The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million

Revenue impact story of a leading consumer electronics organization entering the wearables market.
OTHER KEY REVENUE IMPACT STORIES

MNM PROVIDED A 3600 VIEW ANALYSIS OF AR TECHNOLOGY ADOPTION IN RETAIL MARKET FOR A RETAIL GIANT THAT COULD HELP THEM FETCH REVENUE TARGETS OF >USD 100 MILLION IN 5 YEARS

RESEARCH STUDIES PUBLISHED

THE FOCUS OF MNM RESEARCH IS ON HIGH-GROWTH MARKETS AND EMERGING TECHNOLOGIES, WHICH WILL BECOME ~80% OF THE REVENUES OF wearable PLAYERS FROM the ECOSYSTEM IN THE NEXT 5-10 YEARS

INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR wearables technology COMPANIES:

  • STUDY
  • IoT Sensors Market
  • Wireless Connectivity Market
  • Smart Clothing Market
  • Smart Sensor Market
  • Sports Technology Market
  • Medical Electronics Market

We UNDERSTANDS THE ECOSYSTEM OF WEARABLE TECHNOLOGY AND HAS RESEARCH COVERAGE ACROSS THE ECOSYSTEM

Find blind spots
impacting you and
your clients
Let our Analysts find blind spots in your revenue decisions because of inter-connected unknowns impacting your Clients, Clients' clients, Vendors, Vendors' vendors.
CLIENT TESTIMONIALS

Wearables COMPANIES

Tetsuya Ohhira

Business Development Manager-Technology Business


Nikon Corporation,

Leading Japanese MNC specializing in optics and imaging products
www.nikon.com

MarketsandMarkets™ response is quick. Their attitude is flexible and positive. Analyst Insights are globally considered and significant. Client Services quickly respond to our inquiry and demand. Their wide range of global surveys help us make our strategic plan.

We hope Knowledge Store will be easier to search for a report.

VP - Marketing & Business Development


Leading Provider of Process Control Solutions


We engaged with MarketsandMarkets on a study to perform an analysis and recommend a Go-To-Market strategy for metrology and process control in the semiconductor market. The study was tailored to our targets and needs with well-defined milestones. Our overall experience with the MarketsandMarkets team was very good throughout the project in all aspects including the analysis methodologies used, the quality and depth of primary and secondary data sets, the professionalism and flexibility of the team and the ability to meet the target schedule and milestones. We want to thank MarketsandMarkets team for a job well done.

See what is impacting your business in less than 10 minutes.

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