The Global Market for Wearable Electronics to 2033

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Published October 2022 | 805 pages, 115 figures, 72 tables | Download Table of contents

Wearable electronics have progressed hugely in the last few years, from simple activity tracking to personal healthcare tools. The market has experienced massive growth since 2020, but has slowed down lately, with many large corporations witnessing sales decline.

However demand from sectors such as remote medical monitoring will continue to drive the market moving forward. 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.

Monitoring of sleep, fitness, pet, and work & labour activities are also driving demand for wearable technology for improved analytics and performance. New energy harvesting materials and technologies will enable wearables that can be worn constantly without needing to remove or charge. 

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 wearables
    • Industrial and workplace monitoring,
    • Flexible and stretchable electronics
    • E-textiles and smart clothing
    • Pet wearables
    • Wearable robotics
    • 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
    • Metaverse
    • Smart wound care
    • Smart jewelry
    • Exoskeletons
    • Hearables. 
  • In depth product assessment including products, producers, functionalities and prices. 
  • Global market revenues, historical and forecast to 2033 for wearable electronics, medical wearables, electronic textiles and smart clothing and sub markets thereof.
  • More than 670 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, Shift Robotics Inc., Stryd, Sympatient, Neurava and many more. 

 

 

1              EXECUTIVE SUMMARY   41

  • 1.1          The evolution of electronics        42
  • 1.2          The wearables revolution             44
  • 1.3          The wearable tech market in 2022             48
  • 1.4          Wearable market leaders             50
  • 1.5          From rigid to flexible and stretchable      51
  • 1.6          Flexible and stretchable electronics in wearables               53
  • 1.7          Stretchable artificial skin               57
  • 1.8          Organic and printed electronics 57
  • 1.9          Role in the metaverse   58
  • 1.10        Wearable electronics in the textiles industry        61
  • 1.11        New conductive materials            64
  • 1.12        Entertainment  67
  • 1.13        Growth in flexible and stretchable electronics market      68
    • 1.13.1    Recent growth in Printed, flexible and stretchable products          68
    • 1.13.2    Future growth   68
    • 1.13.3    Advanced materials as a market driver          68
    • 1.13.4    Growth in remote health monitoring and diagnostics       69
  • 1.14        Innovations at CES 2021 70
  • 1.15        Innovations at CES 2022 72
  • 1.16        Investment funding and buy-outs 2019-2022        74

 

2              CONSUMER ELECTRONICS WEARABLE TECHNOLOGY        83

  • 2.1          Market drivers and trends            83
  • 2.2          Recent developments    86
  • 2.3          Wellness monitoring       87
  • 2.4          Smartwatches   88
    • 2.4.1      Recent innovations         88
    • 2.4.2      Health monitoring           88
    • 2.4.3      Energy harvesting for powering smartwatches    89
    • 2.4.4      Main smart watch producers and products           90
  • 2.5          Sports and fitness            93
    • 2.5.1      Wearable devices and apparel    93
    • 2.5.2      Skin patches       93
    • 2.5.3      Products              95
  • 2.6          Sleep trackers and wearable monitors    98
    • 2.6.1      Built in function in smart watches and fitness trackers     98
    • 2.6.2      Smart rings         99
    • 2.6.3      Headbands         100
    • 2.6.4      Sleep monitoring patches             102
    • 2.6.5      Masks   102
  • 2.7          Pet and animal wearables            104
  • 2.8          Wearable robotics           110
  • 2.9          Military wearables          114
  • 2.10        Industrial and workplace monitoring       116
    • 2.10.1    Products              117
  • 2.11        Global market revenues 120
    • 2.11.1    By product type, 2015-2033, billions USD              121
    • 2.11.2    Market share by product type    125
  • 2.12        Market challenges           126
  • 2.13        Company profiles             127 (139 company profiles)

 

3              MEDICAL AND HEALTHCARE WEARABLE TECHNOLOGY    249

  • 3.1          Market drivers  249
  • 3.2          Current state of the art  252
    • 3.2.1      Wearable medical device products           254
    • 3.2.2      Temperature and respiratory rate monitoring     257
  • 3.3          Wearable health monitoring and rehabilitation   258
    • 3.3.1      Medical alert systems    259
    • 3.3.2      Companies and products              260
  • 3.4          Electronic skin patches  266
    • 3.4.1      Applications       266
    • 3.4.2      Materials             267
      • 3.4.2.1   Nanomaterials-based devices     268
    • 3.4.3      Continuous glucose monitoring (CGM)   271
      • 3.4.3.1   Minimally-invasive CGM sensors               271
      • 3.4.3.2   Non-invasive CGM sensors          274
      • 3.4.3.3   Minimally-invasive and non-invasive glucose monitoring companies and products              276
    • 3.4.4      Cardiovascular   279
      • 3.4.4.1   ECG sensors       280
        • 3.4.4.1.1               Companies and products              281
      • 3.4.4.2   PPG sensors       282
        • 3.4.4.2.1               Companies and products              283
    • 3.4.5      Pregnancy and newborn monitoring        284
      • 3.4.5.1   Companies and products              284
    • 3.4.6      Wearable temperature monitoring          285
      • 3.4.6.1   Companies and products              286
    • 3.4.7      Hydration sensors           287
      • 3.4.7.1   Companies and products              287
    • 3.4.8      Wearable sweat sensors (medical and sports)     288
      • 3.4.8.1   Companies and products              291
  • 3.5          Wearable drug delivery 292
    • 3.5.1      Companies and products              293
  • 3.6          Femtech devices              295
  • 3.7          Cosmetics patches           297
    • 3.7.1      Companies and products              298
  • 3.8          Smart footwear for health monitoring     300
    • 3.8.1      Companies and products              300
  • 3.9          Smart contact lenses      302
    • 3.9.1      Companies and products              303
  • 3.10        Smart woundcare            305
    • 3.10.1    Companies and products              307
  • 3.11        Wearable exoskeletons 308
    • 3.11.1    Companies and products              309
  • 3.12        Medical hearables           312
    • 3.12.1    Companies and products              313
  • 3.13        Global market revenues 314
    • 3.13.1    By product type, 2015-2033, billions USD              314
    • 3.13.2    Market share, by product type   317
  • 3.14        Market challenges           318
  • 3.15        Company profiles             320 (323 company profiles)

 

4              GAMING AND ENTERTAINMENT WEARABLE TECHNOLOGY            552

  • 4.1          Commercialization           552
  • 4.2          Virtual Reality (VR) devices          552
    • 4.2.1      VR headset products      554
  • 4.3          Augmented (AR) headsets and smart glasses       555
    • 4.3.1      Laser Beam Scanning      557
    • 4.3.2      Products              558
  • 4.4          Mixed Reality (MR) smart glasses              561
    • 4.4.1      Mixed Reality (MR) smart glass products                561
  • 4.5          OLED microdisplays         563
  • 4.6          MiniLED                563
  • 4.7          MicroLED             564
    • 4.7.1      Product developers        565
  • 4.8          Gloves  569
  • 4.9          Vests and belts  571
  • 4.10        Global market revenues 573
    • 4.10.1    By product type, 2018-2033, billions USD              573
  • 4.11        Company profiles             575 (84 company profiles)

 

5              ELECTRONIC TEXTILES (E-TEXTILES) AND SMART APPAREL              643

  • 5.1          Market drivers  643
  • 5.2          E-textiles investments and funding 2020-2022     647
  • 5.3          Performance requirements for E-textiles               647
  • 5.4          Growth prospects for electronic textiles 648
  • 5.5          Materials and components          649
    • 5.5.1      Conductive and stretchable yarns             650
    • 5.5.2      Conductive polymers     651
      • 5.5.2.1   PDMS    652
      • 5.5.2.2   PEDOT: PSS         652
    • 5.5.3      Conductive coatings        654
    • 5.5.4      Conductive inks 654
    • 5.5.5      Nanomaterials  656
      • 5.5.5.1   Nanocoatings in smart textiles   658
      • 5.5.5.2   Graphene           661
      • 5.5.5.3   Nanofibers         663
      • 5.5.5.4   Carbon nanotubes           665
  • 5.6          Phase change materials 667
    • 5.6.1      Temperature controlled fabrics  668
  • 5.7          Smart clothing products 669
  • 5.8          Electronic textile products           670
  • 5.9          Temperature monitoring and regulation 671
    • 5.9.1      Heated clothing 672
    • 5.9.2      Heated gloves   673
    • 5.9.3      Heated insoles  674
    • 5.9.4      Heated jacket and clothing products        674
    • 5.9.5      Materials used in flexible heaters and applications            675
  • 5.10        Stretchable E-fabrics       676
  • 5.11        Wearable therapeutic products 677
  • 5.12        Sports and fitness            677
  • 5.13        Smart footwear 678
    • 5.13.1    Companies and products              679
  • 5.14        Military 680
  • 5.15        Flexible and wearable display advertising              681
  • 5.16        Textile-based lighting     682
    • 5.16.1    OLEDs   682
  • 5.17        Smart diapers    682
    • 5.17.1    Companies and products              682
  • 5.18        Automotive        684
  • 5.19        Powering E-textiles         684
    • 5.19.1    Supercapacitors 685
    • 5.19.2    Batteries              685
    • 5.19.3    Energy harvesting            686
      • 5.19.3.1                Photovoltaic solar textiles            687
      • 5.19.3.2                Energy harvesting nanogenerators           688
      • 5.19.3.3                TENGs   689
      • 5.19.3.4                PENGs  689
      • 5.19.3.5                Radio frequency (RF) energy harvesting 690
  • 5.20        Global market revenues 690
    • 5.20.1    By product type, 2015-2033, billions USD              690
    • 5.20.2    Market share, by product type   693
  • 5.21        Market challenges           694
  • 5.22        Company profiles             696 (128 company profiles)

 

6              RESEARCH METHODOLOGY         791

 

7              REFERENCES       792

 

List of Tables

  • Table 1. Types of wearable devices and applications.        45
  • Table 2. Types of wearable devices and the data collected.            47
  • Table 3. New wearable tech products in 2022.     48
  • Table 4. Wearable market leaders by market segment.   50
  • Table 5. Applications in printed, flexible and stretchable electronics, by advanced materials type and benefits thereof.                55
  • Table 6. Advanced materials for Printed, flexible and stretchable sensors and Electronics-Advantages and disadvantages.  64
  • Table 7. Sheet resistance (RS) and transparency (T) values for transparent conductive oxides and alternative materials for transparent conductive electrodes (TCE).       65
  • Table 8. Wearable electronics at CES 2021.            70
  • Table 9. Wearable electronics at CES 2022.            72
  • Table 10. Wearables Investment funding and buy-outs 2019-2022.             78
  • Table 11. Market drivers and trends in wearable electronics.        83
  • Table 12. Wearable health monitors.       88
  • Table 13. Main smart watch producers and products.      91
  • Table 14. Wearable sensors for sports performance.        94
  • Table 15. Wearable sensor products for monitoring sport performance.  95
  • Table 16. Example wearable sleep tracker products and prices.    98
  • Table 17. Smart ring products.    99
  • Table 18. Sleep headband products.        100
  • Table 19. Smart sleep mask products.     102
  • Table 20. Pet wearable companies and products.               104
  • Table 21. Companies developing wearable robotics.         110
  • Table 22. Wearable electronics applications in the military.           114
  • Table 23. Wearable workplace products.               117
  • Table 24. Global market for wearable electronics, 2015-2033, by product type, billions $. 122
  • Table 25. Market challenges in consumer wearable electronics.  126
  • Table 26. Market drivers for printed, flexible and stretchable medical and healthcare sensors and wearables.        249
  • Table 27. Examples of wearable medical device products.              254
  • Table 28. Medical wearable companies applying products to COVID-19 monitoring and analysis.  257
  • Table 29. Applications in flexible and stretchable health monitors, by advanced materials type and benefits thereof.                267
  • Table 30. Wearable bio-signal monitoring devices.            270
  • Table 31. Technologies for minimally-invasive and non-invasive glucose detection-advantages and disadvantages.                272
  • Table 32. Commercial devices for non-invasive glucose monitoring not released or withdrawn from market.          274
  • Table 33. Minimally-invasive and non-invasive glucose monitoring products.         276
  • Table 34. Companies developing wearable swear sensors.             291
  • Table 35. Wearable drug delivery companies and products.          293
  • Table 36. Companies developing femtech wearable technology. 295
  • Table 37. Companies and products, cosmetics and drug delivery patches.               299
  • Table 38. Companies and products in smart footwear.    300
  • Table 39. Companies and products in smart contact lenses.          303
  • Table 40. Companies and products in smart wound care.                307
  • Table 41. Companies developing wearable exoskeletons.               309
  • Table 42. Companies and products in hearables. 313
  • Table 43. Global medical and healthcare wearables market, 2017-2033, billions $, by product.      315
  • Table 44. Market challenges in medical and healthcare sensors and wearables.   318
  • Table 45. Example VR headset products. 554
  • Table 46. Key requirements for AR wearable devices.      555
  • Table 47. Augmented reality (AR) smart glass products.  558
  • Table 48. Mixed Reality (MR) smart glass products.           561
  • Table 49. Comparison of AR Display Light Engines.             564
  • Table 50. VR and AR MicroLED products.               566
  • Table 51. Market drivers for printed, flexible, stretchable and organic electronic textiles. 643
  • Table 52. Examples of smart textile products.      645
  • Table 53. E-textiles investments and funding 2020-2022  647
  • Table 54. Performance requirements for E-textiles.          647
  • Table 55. Types of flexible conductive polymers, properties and applications.        652
  • Table 56. Typical conductive ink formulation.      654
  • Table 57. Comparative properties of conductive inks.       655
  • Table 58. Applications in textiles, by advanced materials type and benefits thereof.           657
  • Table 59. Nanocoatings applied in the textiles industry-type of coating, nanomaterials utilized, benefits and applications.       658
  • Table 60. Applications and benefits of graphene in textiles and apparel.  661
  • Table 61. Properties of CNTs and comparable materials. 665
  • Table 62. Commercially available smart clothing products.             669
  • Table 63. Electronic textile products.       671
  • Table 64. Example heated jacket products.           673
  • Table 65. Heated jacket and clothing products.   674
  • Table 66. Examples of materials used in flexible heaters and applications.               675
  • Table 67. Companies and products in smart footwear.    679
  • Table 68. Wearable electronics applications in the military.           681
  • Table 69. Companies developing smart diaper products. 682
  • Table 70. Comparison of prototype batteries (flexible, textile, and other) in terms of area-specific performance.  686
  • Table 71. Global electronic textiles and smart clothing market 2017-2033, revenues (billions USD).             690
  • Table 72. Market challenges in E-textiles.              694

 

List of Figures

  • Figure 1. Evolution of electronics.             43
  • Figure 2. Wove Band.     52
  • Figure 3. Wearable graphene medical sensor.     53
  • Figure 4. Stretchable transistor. 54
  • Figure 5. Artificial skin prototype for gesture recognition.              57
  • Figure 6. Applications timeline for organic and printed electronics.            58
  • Figure 7. Applications of wearable flexible sensors worn on various body parts.    62
  • Figure 8. Systemization of wearable electronic systems. 63
  • Figure 9. Baby Monitor. 69
  • Figure 10. Wearable health monitor incorporating graphene photodetectors.      70
  • Figure 11. Wearable bio-fluid monitoring system for monitoring of hydration.      94
  • Figure 12. Beddr SleepTuner.     102
  • Figure 13. Global market for wearables, 2015-2033, by product type, billions US$.              122
  • Figure 14. Global market for hearables, 2017-2033, by product type, billions US$.               124
  • Figure 15. Global market for wearables, 2020-2033, by market share of product type        125
  • Figure 16. RealWear HMT-1.        213
  • Figure 17. Wiliot tags.    242
  • Figure 18. Connected human body and product examples.            253
  • Figure 19. Companies and products in wearable health monitoring and rehabilitation devices and products.           260
  • Figure 20. Smart e-skin system comprising health-monitoring sensors, displays, and ultra flexible PLEDs.  267
  • Figure 21. Graphene medical patch.         269
  • Figure 22. Graphene-based E-skin patch.               269
  • Figure 23. Technologies for minimally-invasive and non-invasive glucose detection.           271
  • Figure 24. Schematic of non-invasive CGM sensor.            275
  • Figure 25. Adhesive wearable CGM sensor.          276
  • Figure 26. VitalPatch.     280
  • Figure 27. Wearable ECG-textile.              281
  • Figure 28. Wearable ECG recorder.           282
  • Figure 29. Nexkin™.        282
  • Figure 30. Bloomlife.      285
  • Figure 31. Enfucell wearable temperature tag.    286
  • Figure 32. TempTraQ wearable wireless thermometer.   287
  • Figure 33. Nanowire skin hydration patch.             287
  • Figure 34. NIX sensors.  288
  • Figure 35. Wearable sweat sensor.           288
  • Figure 36. Wearable sweat sensor.           289
  • Figure 37. Gatorade's GX Sweat Patch.   290
  • Figure 38. Sweat sensor incorporated into face mask.      290
  • Figure 39. Lab-on-Skin™.              291
  • Figure 40. D-mine Pump.              292
  • Figure 41. My UV Patch. 297
  • Figure 42. Overview layers of L'Oreal skin patch. 297
  • Figure 43. Digitsole Smartshoe. 300
  • Figure 44. Schematic of smart wound dressing.  305
  • Figure 45. REPAIR electronic patch concept. Image courtesy of the University of Pittsburgh School of Medicine.    306
  • Figure 46. Honda Walking Assist.               308
  • Figure 47. archelis wearable chair.            309
  • Figure 48. Nuheara IQbuds² Max.             312
  • Figure 49. Global medical and healthcare wearables market, 2017-2033, billions $, by product.    315
  • Figure 50. Global market for medical and healthcare sensors and wearables, 2020-2033, by market share of product type.     317
  • Figure 51. Libre 3.            322
  • Figure 52. KneeStim.      336
  • Figure 53. Structure of Azalea Vision’s smart contact lens.             341
  • Figure 54. Cogwear Headband.  363
  • Figure 55. KnowU™.       417
  • Figure 56. Modius Sleep wearable device.             455
  • Figure 57. Point Fit Technology skin patch.            474
  • Figure 58. Sylvee 1.0.      486
  • Figure 59. RootiRx.          491
  • Figure 60. Ultrahuman wearable glucose monitor.             527
  • Figure 61. Vaxxas patch.               531
  • Figure 62. Zeit Medical Wearable Headband.       549
  • Figure 63. Vuzix Blade.   553
  • Figure 64. AR operation.               556
  • Figure 65. TCL Leiniao Air.             557
  • Figure 66. Engo Eyewear.             558
  • Figure 67. Lenovo ThinkReality A3.           558
  • Figure 68. Magic Leap 1.                559
  • Figure 69. Microsoft HoloLens 2.                559
  • Figure 70. Snap Spectacles AR (4th gen). 559
  • Figure 71. Vuzix Blade Upgraded.              560
  • Figure 72. NReal Light MR smart glasses.               561
  • Figure 73. Vuzix microLED microdisplay Smart Glasses     565
  • Figure 74. Global gaming and entertainment wearable technology market, 2018-2033, billions $, by product.        573
  • Figure 75. Dapeng DPVR P1 Pro 4k VR all-in-one VR glasses.          586
  • Figure 76. Huawei smart glasses.               596
  • Figure 77. Kura Technologies' AR Glasses.             604
  • Figure 78. Smart contact lenses schematic.           613
  • Figure 79. OQmented technology for AR smart glasses.   618
  • Figure 80. VISIRIUM® Technology smart glasses prototype.           625
  • Figure 81. JioGlass mixed reality glasses type headset.    630
  • Figure 82. Xiaomi Smart Glasses.               640
  • Figure 83. Conductive yarns.       650
  • Figure 84. SEM image of cotton fibers with PEDOT:PSS coating.   651
  • Figure 85. Applications of graphene in smart textiles and apparel.              663
  • Figure 86. PCM cooling vest.       669
  • Figure 87. EXO2 Stormwalker 2 Heated Jacket.    672
  • Figure 88. Flexible polymer-based heated glove, sock and slipper.              674
  • Figure 89. ThermaCell Rechargeable Heated Insoles.        674
  • Figure 90. Myant sleeve tracks biochemical indicators in sweat.  677
  • Figure 91. Flexible polymer-based therapeutic products. 677
  • Figure 92. iStimUweaR . 678
  • Figure 93. Digitsole Smartshoe. 679
  • Figure 94. Basketball referee Royole fully flexible display.              681
  • Figure 95. ABENA Nova smart diaper.      683
  • Figure 96. Textile-based car seat heaters.              684
  • Figure 97. Micro-scale energy scavenging techniques.     687
  • Figure 98. Schematic illustration of the fabrication concept for textile-based dye-sensitized solar cells (DSSCs) made by sewing textile electrodes onto cloth or paper.     688
  • Figure 99 . 3D print piezoelectric material.            689
  • Figure 100. Global electronic textiles and smart clothing 2017-2033, revenues (billions USD).Source: Future Markets.                692
  • Figure 101. Global market for electronics and smart textiles, 2020-2033, by market share of product type.              693
  • Figure 102. LED hooded jacket.  700
  • Figure 103. Heated element module.      701
  • Figure 104. Graphene dress. The dress changes colour in sync with the wearer’s breathing.           713
  • Figure 105. Descante Solar Thermo insulated jacket.        714
  • Figure 106. G+ Graphene Aero Jersey.    716
  • Figure 107. HiFlex strain/pressure sensor.            724
  • Figure 108. KiTT motion tracking knee sleeve.     727
  • Figure 109. Electroskin integration schematic.     749
  • Figure 110. Vital Shirt from Nanoleq.       749
  • Figure 111. Nextiles e-fabric.      751
  • Figure 112. Prevayl sensor.          758
  • Figure 113. Smardii smart diaper.              770
  • Figure 114. Teslasuit.      775
  • Figure 115. YouCare smart shirt. 790

 

 

The Global Market for Wearable Electronics to 2033
The Global Market for Wearable Electronics to 2033
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The Global Market for Wearable Electronics to 2033
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