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In a few years, a person will have 12 times more electronics

12.10.2012

Researchers at IHS reported that they expect the wearables market to grow 12x between 2011 and 2016.

Wearable electronics are electronic devices that the user wears or attaches to their body in some way for sufficiently long periods of time. Such devices, containing microcircuits and wireless communication modules, expand human capabilities, IHS explained. According to IHS forecast, between 2016 million and 39 million wearable electronic devices could be delivered to the world market in 171, compared with 14 million, which, according to analysts, were delivered to the market in 2011.

Analysts distinguish four main segments of wearable electronics: fitness and health devices, medical sensors and devices, industrial and military devices, and devices for information and entertainment.

Devices for maintaining physical fitness and health are designed to monitor the activity and emotional state of a person, medical sensors and devices - to monitor the main indicators of the body and supplement the senses. In turn, devices for industrial and military purposes are designed to receive and transmit real-time industrial and military data, and devices for receiving information and entertainment - data related to leisure and lifestyle.

According to experts, the pace of development of the wearable electronics market will depend on the availability of devices, the degree of user satisfaction and, in general, the opportunities that such devices will offer. However, even under the worst-case scenario, the volume of shipments of wearable electronics devices in the period from 2011 to 2016. will grow three times.

Last year, medical sensors and devices for maintaining physical fitness and health became the most popular. In both segments, blood sugar sensors proved to be the most profitable for manufacturers. First of all, Medtronic, Abbott and C8 MediSensor companies, the main manufacturers of such devices, were able to make money on them. The three largest segments in the period under review, as suggested by IHS, will remain the segments of medical sensors and devices, devices for maintaining fitness and health, and devices for information and entertainment.

Analysts are considering various scenarios for the development of these segments and do not exclude that by 2016 the latter segment will occupy the largest part of the market - 38% of total revenue. This forecast is based on the assumption of high growth rates of the smart watch and glasses market. Otherwise, the medical sensors and devices segment may remain the largest segment, while the fitness and health devices segment will be the second largest in terms of revenue, and the information and entertainment devices segment will be the third largest.

The largest consumer of wearable electronics is the United States, and this will not change during the period under review, according to IHS. Europe is expected to be the second largest consumer by 2016, driven mainly by growth in healthcare demand. Japan will also remain one of the largest markets, where demand will mainly be for entertainment devices.

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