The Global Market for Wearable Technology and Devices 2022-2032

Published June 2022 | 553 pages, 121 figures, 72 tables | Download Table of contents

The market for wearable devices and technology is growing fast, in improving sleep, health and wellness, pet tracking and smart jewelry. It has accelerated over the past two years with huge investment funding and growing interest in augmented reality/virtual reality (AR/VR) and the metaverse.

Wearables are body-borne computational and sensory devices which can sense the person who wears them and/or their environment. Wearables can communicate either directly through embedded wireless connectivity or through another device (e.g. a smartphone). The data collected by the wearable device about the user or its environment is processed in a processing unit located locally or in an external server, and the results are ultimately provided to the wearer. Smart wearables may have control, communication, storage and actuation capabilities. The number and variety of wearable electronic devices has increased significantly in the past few years, as they offer significant enhancements to human comfort, health and well-being.

There is increasing demand for wearable electronics from industries such as:

Medical and healthcare monitoring and diagnostics.
Sportswear and fitness monitoring (bands).
Consumer electronics such as smart watches, smart glasses and headsets.
Military GPS trackers, equipment (helmets) and wearable robots.
Smart apparel and footwear in fashion and sport.
Workplace safety and manufacturing.

Wearable and mobile health monitoring technologies are important due to the rapidly aging global populations and the drastically increasing demand for in-home healthcare. Commercially available and near commercial wearable devices facilitate the transmission of biomedical informatics and personal health recording. Body worn sensors, which can provide real-time continuous measurement of pertinent physiological parameters noninvasively and comfortably for extended periods of time, are of crucial importance for applications of mobile medicine.

Advancements over the last few years in electronics have also led to the development of electronic (E-textiles) or smart textiles. Smart textiles and garments can sense environmental stimuli and react or adapt in a predetermined way. This involves either embedding or integrating sensors/actuators ad electronic components into textiles for use in applications such as medical diagnostics and health monitoring, consumer electronics, safety instruments and automotive textiles.

Report contents include:

In-depth market review of current products and technology development in Smartwatches, sports and fitness trackers, sleep trackers and wearable monitors, Smart glasses and head-mounted displays (VR, AR, MR, vision loss and eye trackers), military, Industrial and workplace monitoring, flexible and stretchable electronics, e-textiles and smart clothing, artificial skin, skin patches, wearable health alert and monitoring devices, Continuous glucose monitoring (CGM), hydration and sweat sensors, wearable drug delivery, cosmetics patches, smart footwear, smart contact lenses, femtech, pet care, metaverse, smart wound care, smart jewelry, exoskeletons and hearables.
In depth product assessment including products, producers, functionalities and prices.
Global market revenues, historical and forecast to 2032 for wearable electronics, medical wearables, electronic textiles and smart clothing and sub markets thereof.
Over 450 company profiles. Companies profiled include Alimetry, BeBop Sensors, dorsaVi Ltd, Enhanlabo Co., Ltd., Equivital Inc., FeelIT, HP1 Technologies Ltd., miomove s.r.o, Neosensory, Abbott Laboratories, Add Care Ltd., AerBetic, Inc., Avanix srl, Biobeat Technologies Ltd., biolinq Inc, CareWear, Cari Health, Cosinuss GmbH, Seventh Sense Biosystems, Cogwear, WearOptimo, Playermaker, Rombit, Rhaeos, Stryd, Neurava and many more.

1 EXECUTIVE SUMMARY 33

1.1 The evolution of electronics 34
1.2 The wearables revolution 36
1.3 The wearable tech market in 2022 39
1.4 Wearable market leaders 41
1.5 From rigid to flexible and stretchable 42
1.6 Flexible and stretchable electronics in wearables 44
1.7 Stretchable artificial skin 46
1.8 Organic and printed electronics 47
1.9 Role in the metaverse 48
1.10 Wearable electronics in the textiles industry 51
1.11 New conductive materials 53
1.12 Foldable smartphones and tablets 56
1.13 Entertainment 59
1.14 Growth in flexible and stretchable electronics market 60
- 1.14.1 Recent growth in Printed, flexible and stretchable products 60
- 1.14.2 Future growth 60
- 1.14.3 Nanotechnology as a market driver 60
- 1.14.4 Growth in remote health monitoring and diagnostics 61
1.15 Innovations at CES 2021 63
1.16 Innovations at CES 2022 63
1.17 Investment funding 2019-2022 65

2 CONSUMER ELECTRONICS WEARABLE TECHNOLOGY 69

2.1 Market drivers and trends 69
2.2 Recent developments 72
2.3 Wellness monitoring 73
2.4 Smartwatches 74
- 2.4.1 Recent innovations 74
- 2.4.2 Health monitoring 74
- 2.4.3 Energy harvesting for powering smartwatches 75
- 2.4.4 Main smart watch producers and products 75
2.5 Sports and fitness 76
- 2.5.1 Wearable devices and apparel 77
- 2.5.2 Skin patches 77
- 2.5.3 Products 79
2.6 Sleep trackers and wearable monitors 81
- 2.6.1 Built in function in smart watches and fitness trackers 81
- 2.6.2 Smart rings 82
- 2.6.3 Headbands 83
- 2.6.4 Patches 84
- 2.6.5 Masks 85
2.7 Pet wearables 86
2.8 Military wearables 87
2.9 Industrial and workplace monitoring 88
- 2.9.1 Products 88
2.10 Global market size 90
- 2.10.1 By product type, 2015-2032, billions USD 91
- 2.10.2 Market share by product type 95
2.11 Market challenges 95
2.12 Company profiles 97 (82 company profiles)

3 MEDICAL AND HEALTHCARE WEARABLE TECHNOLOGY 150

3.1 Market drivers 150
3.2 Current state of the art 153
- 3.2.1 Wearable medical device products 154
- 3.2.2 Temperature and respiratory rate monitoring 157
3.3 Wearable health monitoring and rehabilitation 158
- 3.3.1 Medical alert systems 159
- 3.3.2 Companies and products 160
3.4 Electronic skin patches 165
- 3.4.1 Applications 165
- 3.4.2 Materials 167
  - 3.4.2.1 Nanomaterials-based devices 168
- 3.4.3 Continuous glucose monitoring (CGM) 170
  - 3.4.3.1 Minimally-invasive CGM sensors 171
  - 3.4.3.2 Non-invasive CGM sensors 174
  - 3.4.3.3 Minimally-invasive and non-invasive glucose monitoring companies and products 176
- 3.4.4 Cardiovascular 179
  - 3.4.4.1 ECG sensors 179
    - 3.4.4.1.1 Companies and products 180
  - 3.4.4.2 PPG sensors 182
    - 3.4.4.2.1 Companies and products 182
- 3.4.5 Pregnancy and newborn monitoring 183
  - 3.4.5.1 Companies and products 183
- 3.4.6 Wearable temperature monitoring 184
  - 3.4.6.1 Companies and products 185
- 3.4.7 Hydration sensors 186
  - 3.4.7.1 Companies and products 186
- 3.4.8 Wearable sweat sensors (medical and sports) 187
  - 3.4.8.1 Companies and products 189
3.5 Wearable drug delivery 190
- 3.5.1 Companies and products 191
3.6 Femtech devices 192
3.7 Cosmetics patches 193
- 3.7.1 Companies and products 194
3.8 Smart footwear for health monitoring 195
- 3.8.1 Companies and products 196
3.9 Smart contact lenses 197
- 3.9.1 Companies and products 197
3.10 Smart woundcare 197
- 3.10.1 Companies and products 199
3.11 Wearable exoskeletons 200
- 3.11.1 Companies and products 200
3.12 Medical hearables 203
3.12.1 Companies and products 204
3.13 Global market size 205
- 3.13.1 By product type, 2015-2032, billions USD 205
- 3.13.2 Market share, by product type 208
3.14 Market challenges 208
3.15 Company profiles 210 (172 company profiles)

4 GAMING AND ENTERTAINMENT WEARABLE TECHNOLOGY AND DEVICES 328

4.1 Commercialization 328
4.2 Virtual Reality (VR) devices 328
- 4.2.1 VR headset products 330
4.3 Augmented (AR) headsets and smart glasses 330
- 4.3.1 Laser Beam Scanning 333
- 4.3.2 Products 334
4.4 Mixed Reality (MR) smart glasses 336
- 4.4.1 Mixed Reality (MR) smart glass products 336
4.5 OLED microdisplays 337
4.6 MiniLED 337
4.7 MicroLED 338
- 4.7.1 Product developers 339
4.8 Gloves 340
4.9 Vests and belts 342
4.10 Global market size 343
- 4.10.1 By product type, 2018-2032, billions USD 343
4.11 Company profiles 345 (69 company profiles)

5 ELECTRONIC TEXTILES (E-TEXTILES) AND SMART APPAREL 396

5.1 Market drivers 396
5.2 Performance requirements for E-textiles 399
5.3 Growth prospects for electronic textiles 400
5.4 Materials and components 401
- 5.4.1 Conductive and stretchable yarns 401
- 5.4.2 Conductive polymers 403
  - 5.4.2.1 PDMS 404
  - 5.4.2.2 PEDOT: PSS 404
- 5.4.3 Conductive coatings 406
- 5.4.4 Conductive inks 406
- 5.4.5 Nanomaterials 408
  - 5.4.5.1 Nanocoatings in smart textiles 410
  - 5.4.5.2 Graphene 413
  - 5.4.5.3 Nanofibers 415
  - 5.4.5.4 Carbon nanotubes 417
5.5 Phase change materials 419
- 5.5.1 Temperature controlled fabrics 420
5.6 Smart clothing products 421
5.7 Electronic textile products 422
5.8 Temperature monitoring and regulation 423
- 5.8.1 Heated clothing 424
- 5.8.2 Heated gloves 425
- 5.8.3 Heated insoles 426
- 5.8.4 Heated jacket and clothing products 426
- 5.8.5 Materials used in flexible heaters and applications 427
5.9 Stretchable E-fabrics 428
5.10 Wearable therapeutic products 429
5.11 Sports and fitness 429
5.12 Smart footwear 430
- 5.12.1 Companies and products 431
5.13 Military 432
5.14 Flexible and wearable display advertising 433
5.15 Textile-based lighting 434
- 5.15.1 OLEDs 434
5.16 Smart diapers 434
- 5.16.1 Companies and products 434
5.17 Automotive 436
5.18 Powering E-textiles 436
- 5.18.1 Batteries 437
- 5.18.2 Supercapacitors 438
- 5.18.3 Energy harvesting 439
  - 5.18.3.1 Photovoltaic solar textiles 439
  - 5.18.3.2 Energy harvesting nanogenerators 440
  - 5.18.3.3 TENGs 441
  - 5.18.3.4 PENGs 441
  - 5.18.3.5 Radio frequency (RF) energy harvesting 442
5.19 Global market size 442
- 5.19.1 E-textiles investments and funding 2020-2021 442
- 5.19.2 By product type, 2015-2032, billions USD 443
- 5.19.3 Market share, by product type 445
5.20 Market challenges 445
5.21 Company profiles 447 (119 company profiles)

6 RESEARCH METHODOLOGY 539

7 REFERENCES 540

List of Tables

Table 1. Types of wearable devices and applications. 37
Table 2. Types of wearable devices and the data collected. 39
Table 3. New wearable tech products in 2022. 40
Table 4. Wearable market leaders by market segment. 41
Table 5. Applications in printed, flexible and stretchable electronics, by advanced materials type and benefits thereof. 45
Table 6. Advanced materials for Printed, flexible and stretchable sensors and Electronics-Advantages and disadvantages. 54
Table 7. Sheet resistance (RS) and transparency (T) values for transparent conductive oxides and alternative materials for transparent conductive electrodes (TCE). 55
Table 8. Foldable smartphones and tablets, on or near market. 56
Table 9. Wearable electronics at CES 2021. 63
Table 10. Wearable electronics at CES 2022. 63
Table 11. Wearables Investment funding 2019-2022. 65
Table 12. Market drivers and trends in wearable electronics. 70
Table 13. Wearable health monitors. 74
Table 14. Main smart watch producers and products. 75
Table 15. Wearable sensors for sports performance. 78
Table 16. Wearable sensor products for monitoring sport performance. 79
Table 17. Example wearable sleep tracker products and prices. 81
Table 18. Smart ring products. 83
Table 19. Sleep headband products. 83
Table 20. Smart sleep mask products. 85
Table 21. Pet wearable companies and products. 86
Table 22. Wearable electronics applications in the military. 87
Table 23. Wearable workplace products. 89
Table 24. Global market for wearable electronics, 2015-2032, by product type, billions $. 92
Table 25.Market challenges in wearable electronics. 95
Table 26. Market drivers for printed, flexible and stretchable medical and healthcare sensors and wearables. 151
Table 27. Examples of wearable medical device products. 154
Table 28. Medical wearable companies applying products to COVID-19 monitoring and analysis. 157
Table 29. Applications in flexible and stretchable health monitors, by advanced materials type and benefits thereof. 167
Table 30. Wearable bio-signal monitoring devices. 169
Table 31. Technologies for minimally-invasive and non-invasive glucose detection-advantages and disadvantages. 171
Table 32. Commercial devices for non-invasive glucose monitoring not released or withdrawn from market. 174
Table 33. Minimally-invasive and non-invasive glucose monitoring products. 176
Table 34. Companies developing wearable swear sensors. 189
Table 35. Wearable drug delivery companies and products. 191
Table 36. Companies developing femtech wearable technology. 192
Table 37. Companies and products, cosmetics and drug delivery patches. 195
Table 38. Companies and products in smart footwear. 196
Table 39. Companies and products in smart contact lenses. 197
Table 40. Companies and products in smart wound care. 199
Table 41. Companies developing wearable exoskeletons. 200
Table 42. Companies and products in hearables. 204
Table 43. Global medical and healthcare wearables market, 2017-2032, billions $, by product. 206
Table 44. Market challenges in medical and healthcare sensors and wearables. 208
Table 45. Example VR headset products. 330
Table 46. Key requirements for AR wearable devices. 331
Table 47. Augmented reality (AR) smart glass products. 334
Table 48. Mixed Reality (MR) smart glass products. 336
Table 49. Comparison of AR Display Light Engines. 338
Table 50. VR and AR MicroLED products. 339
Table 51. Market drivers for printed, flexible, stretchable and organic electronic textiles. 396
Table 52. Examples of smart textile products. 399
Table 53. Performance requirements for E-textiles. 399
Table 54. Types of flexible conductive polymers, properties and applications. 404
Table 55. Typical conductive ink formulation. 406
Table 56. Comparative properties of conductive inks. 407
Table 57. Applications in textiles, by advanced materials type and benefits thereof. 409
Table 58. Nanocoatings applied in the textiles industry-type of coating, nanomaterials utilized, benefits and applications. 410
Table 59. Applications and benefits of graphene in textiles and apparel. 413
Table 60. Properties of CNTs and comparable materials. 417
Table 61. Commercially available smart clothing products. 421
Table 62. Electronic textile products. 423
Table 63. Example heated jacket products. 425
Table 64. Heated jacket and clothing products. 426
Table 65. Examples of materials used in flexible heaters and applications. 427
Table 66. Companies and products in smart footwear. 431
Table 67. Wearable electronics applications in the military. 433
Table 68. Companies developing smart diaper products. 434
Table 69. Comparison of prototype batteries (flexible, textile, and other) in terms of area-specific performance. 437
Table 70. E-textiles investments and funding 2020-2021. 442
Table 71. Global electronic textiles and smart clothing market 2017-2032, revenues (billions USD). 443
Table 72. Market challenges in E-textiles. 446

List of Figures

Figure 1. Evolution of electronics. 35
Figure 2. Wove Band. 42
Figure 3. Wearable graphene medical sensor. 43
Figure 4. Stretchable transistor. 44
Figure 5. Artificial skin prototype for gesture recognition. 47
Figure 6. Applications timeline for organic and printed electronics. 48
Figure 7. Applications of wearable flexible sensors worn on various body parts. 52
Figure 8. Systemization of wearable electronic systems. 53
Figure 9. Intel Horseshoe Bend. 57
Figure 10. ThinkPad X1 Fold. 57
Figure 11. Motorola Razr. 57
Figure 12. Galaxy Fold 2. 58
Figure 13. Galaxy Z Flip. 58
Figure 14. Tri-fold phone-tablet hybrid. 58
Figure 15. TCL rollable phone. 59
Figure 16. Xiaomi MIX Flex. 59
Figure 17. Baby Monitor. 62
Figure 18. Wearable health monitor incorporating graphene photodetectors. 62
Figure 19. Wearable bio-fluid monitoring system for monitoring of hydration. 78
Figure 20. Beddr SleepTuner. 85
Figure 21. Global market for wearables, 2015-2032, by product type, billions US$. 92
Figure 22. Global market for hearables, 2017-2032, by product type, billions US$. 94
Figure 23. Global market for wearables, 2020-2032, by market share of product type 95
Figure 24. RealWear HMT-1. 137
Figure 25. Wiliot tags. 147
Figure 26. Connected human body and product examples. 154
Figure 27. Companies and products in wearable health monitoring and rehabilitation devices and products. 160
Figure 28. Smart e-skin system comprising health-monitoring sensors, displays, and ultra flexible PLEDs. 166
Figure 29. Graphene medical patch. 168
Figure 30. Graphene-based E-skin patch. 169
Figure 31. Technologies for minimally-invasive and non-invasive glucose detection. 171
Figure 32. Schematic of non-invasive CGM sensor. 175
Figure 33. Adhesive wearable CGM sensor. 176
Figure 34. VitalPatch. 180
Figure 35. Wearable ECG-textile. 180
Figure 36. Wearable ECG recorder. 181
Figure 37. Nexkin™. 182
Figure 38. Bloomlife. 184
Figure 39. Enfucell wearable temperature tag. 185
Figure 40. TempTraQ wearable wireless thermometer. 186
Figure 41. Nanowire skin hydration patch. 186
Figure 42. NIX sensors. 187
Figure 43. Wearable sweat sensor. 187
Figure 44. Wearable sweat sensor. 188
Figure 45. Gatorade's GX Sweat Patch. 189
Figure 46. Sweat sensor incorporated into face mask. 189
Figure 47. Lab-on-Skin™. 190
Figure 48. D-mine Pump. 191
Figure 49. My UV Patch. 194
Figure 50. Overview layers of L'Oreal skin patch. 194
Figure 51. Digitsole Smartshoe. 196
Figure 52. Schematic of smart wound dressing. 198
Figure 53. REPAIR electronic patch concept. Image courtesy of the University of Pittsburgh School of Medicine. 199
Figure 54. Honda Walking Assist. 200
Figure 55. archelis wearable chair. 201
Figure 56. Nuheara IQbuds² Max. 203
Figure 57. Global medical and healthcare wearables market, 2017-2032, billions $, by product. 206
Figure 58. Global market for medical and healthcare sensors and wearables, 2020-2032, by market share of product type. 208
Figure 59. Libre 3. 211
Figure 60. KneeStim. 221
Figure 61. Structure of Azalea Vision’s smart contact lens. 226
Figure 62. Cogwear Headband. 240
Figure 63. KnowU™. 267
Figure 64. Modius Sleep wearable device. 284
Figure 65. Sylvee 1.0. 298
Figure 66. RootiRx. 300
Figure 67. Ultrahuman wearable glucose monitor. 317
Figure 68. Zeit Medical Wearable Headband. 326
Figure 69. Vuzix Blade. 329
Figure 70. AR operation. 332
Figure 71. TCL Leiniao Air. 333
Figure 72. Engo Eyewear. 334
Figure 73. Lenovo ThinkReality A3. 334
Figure 74. Magic Leap 1. 335
Figure 75. Microsoft HoloLens 2. 335
Figure 76. Snap Spectacles AR (4th gen). 335
Figure 77. Vuzix Blade Upgraded. 336
Figure 78. NReal Light MR smart glasses. 336
Figure 79. Vuzix microLED microdisplay Smart Glasses 338
Figure 80. Global gaming and entertainment wearable technology market, 2018-2032, billions $, by product. 344
Figure 81. Dapeng DPVR P1 Pro 4k VR all-in-one VR glasses. 351
Figure 82. Huawei smart glasses. 361
Figure 83. Kura Technologies' AR Glasses. 367
Figure 84. Smart contact lenses schematic. 374
Figure 85. OQmented technology for AR smart glasses. 377
Figure 86. VISIRIUM® Technology smart glasses prototype. 382
Figure 87. JioGlass mixed reality glasses type headset. 385
Figure 88. Xiaomi Smart Glasses. 394
Figure 89. Conductive yarns. 402
Figure 90. SEM image of cotton fibers with PEDOT:PSS coating. 403
Figure 91. Applications of graphene in smart textiles and apparel. 415
Figure 92. PCM cooling vest. 421
Figure 93. EXO2 Stormwalker 2 Heated Jacket. 424
Figure 94. Flexible polymer-based heated glove, sock and slipper. 426
Figure 95. ThermaCell Rechargeable Heated Insoles. 426
Figure 96. Myant sleeve tracks biochemical indicators in sweat. 429
Figure 97. Flexible polymer-based therapeutic products. 429
Figure 98. iStimUweaR . 430
Figure 99. Digitsole Smartshoe. 431
Figure 100. Basketball referee Royole fully flexible display. 433
Figure 101. ABENA Nova smart diaper. 435
Figure 102. Textile-based car seat heaters. 436
Figure 103. Micro-scale energy scavenging techniques. 439
Figure 104. Schematic illustration of the fabrication concept for textile-based dye-sensitized solar cells (DSSCs) made by sewing textile electrodes onto cloth or paper. 440
Figure 105 . 3D print piezoelectric material. 441
Figure 106. Global electronic textiles and smart clothing 2017-2032, revenues (billions USD).Source: Future Markets. 444
Figure 107. Global market for electronics and smart textiles, 2020-2032, by market share of product type. 445
Figure 108. LED hooded jacket. 451
Figure 109. Heated element module. 452
Figure 110. Graphene dress. The dress changes colour in sync with the wearer’s breathing. 464
Figure 111. Descante Solar Thermo insulated jacket. 465
Figure 112. G+ Graphene Aero Jersey. 466
Figure 113. HiFlex strain/pressure sensor. 474
Figure 114. KiTT motion tracking knee sleeve. 477
Figure 115. Electroskin integration schematic. 498
Figure 116. Vital Shirt from Nanoleq. 499
Figure 117. Nextiles e-fabric. 500
Figure 118. Prevayl sensor. 507
Figure 119. Smardii smart diaper. 519
Figure 120. Teslasuit. 524
Figure 121. YouCare smart shirt. 537

The Global Market for Wearable Electronics 2022-2032

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