IDTechEx discusses the momentum in wearables in 2021
Summary
They need to tread the line between practicality and fashion - either looking good enough to be attractive for customers to wear such that additional features can be enabled or useful enough that negatives around encumbrance or appearance are outweighed. However, despite these shared features, individual product types within wearables are increasingly independent of each other when it comes to the major players, themes, and market trends. Add trends around the integration of biometric monitoring, as well as the constant challenges of size and comfort vs features, performance, and battery life, and this sector sits as potentially the most dynamic and fastest-changing across all of wearables. This said, there are many successful companies, including both start-ups and larger players who have carved out growing and profitable niches within the hugely diverse product and application sectors involved. With coverage of over 250 companies acting in this space over the past decade, IDTechEx’s content in this area aims to provide a comprehensive overview of the evolving industry landscape.