Report: Wearable Devices Market to Reach Over $150B Annually by 2027
CAMBRIDGE, UK – The wearable devices market will reach over $150 billion annually by 2027, says IDTechEx Research.
Fueled by a frenzy of hype, funding and global interest, wearable technology was catapulted to the top of the agenda for companies spanning the entire value chain and world, according to a new report.
This investment manifested in hundreds of new products and extensive tailored R&D investigating relevant technology areas. However, the fickle nature of hype is beginning to show, and many companies are now progressing beyond discussing "wearables" to focus on the detailed and varied sub-sectors.
Key product areas include fitness trackers, smartwatches, smart clothing, smart eyewear (including AR and VR), smart skin patches,
headphones and more.
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