CONNECTED WEARABLES INDEX Index Table of Contents Table of Contents... i List of Figures... vi Executive summary... 1 1 Introduction to wearable technology... 3 1.1 Introduction... 3 1.1.1 Background... 3 1.1.2 Definitions... 4 1.2 Market segments... 4 1.2.1 Infotainment & lifestyle... 5 1.2.2 Fitness & wellness... 6 1.2.3 People monitoring & safety... 6 1.2.4 Medical & healthcare... 7 1.2.5 Enterprise & industrial... 7 1.2.6 Government & military... 8 1.3 Technologies and platforms... 9 1.3.1 Mobile operating systems and platforms... 9 1.3.2 Battery and processor technologies... 10 1.3.3 Wireless technologies... 12 1.3.4 Sensors... 15 1.3.5 Display technologies and user interface... 16 2 Value chain and vendor landscape... 19 2.1 Enabling technologies... 19 2.1.1 Hardware component vendors... 20 2.1.2 Mobile operating system vendors... 21 2.2 Devices... 22 2.2.1 Smartphone and consumer electronics manufacturers... 22 2.2.2 Apparel and accessories companies... 26 2.2.3 Specialist vendors... 29 STRATEGIC M2M RESEARCH SERIES i
INDEX CONNECTED WEARABLES 2.3 Connectivity services and IoT platforms... 31 2.3.1 Wireless operators and managed service providers... 31 2.3.2 IoT platform providers... 33 2.4 Apps and content... 37 2.4.1 Software application developers and content providers... 37 3 Smartwatches... 39 3.1 The smartwatch market... 40 3.1.1 Market size and major vendors... 40 3.1.2 Established smartphone vendors and watch brands enter the market... 42 3.2 Smartwatches and wireless connectivity... 45 3.2.1 Bluetooth is the most common connectivity option today... 45 3.2.2 Major players pave the way for cellular connectivity in smartwatches... 45 3.3 Company profiles and strategies... 47 3.3.1 Samsung: Multi-platform and multi-device strategy... 48 3.3.2 Pebble: From crowdfunding to mass market success... 50 3.3.3 Sony: Smartwatch veteran gets new life from Android Wear... 51 3.3.4 Apple: Enough scale to bet on its own platform... 52 3.3.5 Shanghai Nutshell Electronic: Focus on China... 53 3.3.6 LG Electronics: First to release a cellular Android Wear watch... 54 4 Smart glasses... 55 4.1 The smart glasses market... 56 4.1.1 Limited availability and experiments with features and use cases... 56 4.1.2 Imaging glasses, 3D viewing glasses and wearable VR/AR solutions... 59 4.1.3 Growth opportunities in the professional market segments... 61 4.2 Smart glasses and wireless connectivity... 62 4.3 Company profiles and strategies... 62 4.3.1 Recon Instruments: Focus on sports and an active lifestyle... 62 4.3.2 Vuzix: Wearable display specialist turns to the enterprise segment... 63 4.3.3 Epson: Aims at both professional and consumer segments... 64 4.3.4 Google: Glass Explorer Program showcased a plethora of use cases... 66 4.3.5 Kopin: Provides technology solutions to the smart glasses market... 68 5 Connected fitness and activity trackers... 69 ii STRATEGIC RESEARCH SERIES M2M RESEARCH SERIES
CONNECTED WEARABLES INDEX 5.1 The connected fitness and activity tracking market... 69 5.1.1 Market size and major vendors... 70 5.1.2 Fitness and activity tracking bands... 71 5.1.3 Bluetooth connected sports watches... 73 5.1.4 Other form factors... 74 5.2 Fitness and activity trackers and wireless connectivity... 79 5.3 Company profiles and strategies... 80 5.3.1 Jawbone: Wearable pioneer now offers a family of activity trackers... 80 5.3.2 Fitbit: Activity tracker market leader completes IPO... 81 5.3.3 Microsoft: Ventures in AR glasses, activity band and cross platform service... 82 5.3.4 Garmin: GPS sports watch giant grows with connected features... 84 5.3.5 OMsignal: Clothing with embedded sensors... 85 6 People monitoring and safety devices... 87 6.1 Family locator and consumer oriented locator devices... 87 6.1.1 Child locator devices... 88 6.1.2 Wearable locator devices for adults... 91 6.2 Lone worker protection and offender monitoring devices... 92 6.2.1 Lone worker protection devices... 92 6.2.2 Offender monitoring devices... 94 6.3 Next-generation telecare and mpers... 95 6.3.1 Mobile telecare and mpers devices... 96 6.3.2 Telecare activity monitoring solutions... 99 6.4 Company profiles and strategies... 100 6.4.1 Filip Technologies: Developer of the Filip child locator wristwatch... 100 6.4.2 hereo: Start-up offers the hereo family locator watch and app... 101 6.4.3 Everon: Developer of GPS wristwatches for telecare and lone workers... 101 6.4.4 Numerex: Enters people monitoring markets through acquisition of Omnilink 102 6.4.5 Limmex: Swiss telecare watch vendor ramping up sales globally... 103 6.4.6 LOSTnFOUND: Swiss asset tracking vendor entering the telecare market... 104 7 Medical devices and miscellaneous... 107 7.1 Medical devices... 107 7.1.1 The mhealth and home monitoring market... 109 STRATEGIC M2M RESEARCH SERIES iii
INDEX CONNECTED WEARABLES 7.1.2 Regulatory environment... 110 7.1.3 Wearable medical devices and implants... 111 7.2 Additional connected wearable devices... 121 7.2.1 Wearable industrial computers... 121 7.2.2 Military devices... 123 7.2.3 Authentication and gesture control devices... 124 7.2.4 Other wearable devices... 127 7.3 Company profiles and strategies... 132 7.3.1 Medtronic: Connected wearables for ECG monitoring and CRM patients... 132 7.3.2 Dexcom: Connected continuous glucose monitoring... 134 7.3.3 Proteus Digital Health: Innovative wireless ingestible sensors and wearables 136 7.3.4 Zephyr Performance Systems: Betting on connected wearables... 136 7.3.5 Withings: Connected health specialist targets consumers and companies... 137 7.3.6 Zebra Technologies: Wearable computers for the enterprise market... 139 8 Market forecasts and trends... 141 8.1 Global market outlook... 141 8.1.1 Market segments... 142 8.1.2 Regional market data... 143 8.1.3 Cellular connections... 144 8.2 Market forecasts smartwatches... 145 8.2.1 On the verge to reach mass market adoption... 146 8.2.2 Connectivity strategies... 147 8.3 Market forecasts smart glasses... 147 8.3.1 Opportunities in the professional and niche consumer segments... 147 8.3.2 Connectivity strategies... 148 8.4 Market forecasts fitness and activity trackers... 149 8.4.1 Wrist worn activity trackers will face fierce competition from smartwatches... 150 8.4.2 High growth in other form factors... 151 8.5 Market forecasts people monitoring and safety devices... 151 8.5.1 Wearables will be the most common form factor in family locators... 151 8.5.2 Great potential in next-generation telecare and mpers... 152 8.5.3 Modest growth in offender monitoring and lone worker devices... 154 iv STRATEGIC RESEARCH SERIES M2M RESEARCH SERIES
CONNECTED WEARABLES INDEX 8.6 Market forecasts medical devices... 155 8.6.1 Cardiac Rhythm Management is the largest connected device category... 156 8.6.2 Connectivity strategies... 156 8.7 Market forecasts other connected wearables... 157 8.8 Market trends and drivers... 158 8.8.1 Wearables are at the intersection of fashion and technology... 158 8.8.2 The myriad of use cases is wearables killer app... 159 8.8.3 Long-term engagement: bringing it all together... 159 8.8.4 Connected wearables are part of the IoT revolution... 160 8.8.5 Wearables raise privacy and security concerns... 160 8.8.6 New M&A activities anticipated to take place in the wearables industry... 161 Glossary... 165 STRATEGIC M2M RESEARCH SERIES v
INDEX CONNECTED WEARABLES Index List of Figures Figure 1.1: Market segments, applications and devices... 5 Figure 1.2: Wireless technologies characteristics... 13 Figure 2.1: The connected wearables value chain... 19 Figure 2.2: Smartphone shipments by OS (World 2014 and Q3-2015)... 21 Figure 2.3: Leading consumer electronics companies by revenue (2014)... 23 Figure 2.4: Smartphone shipments by vendor (World 2014 and Q3-2015)... 25 Figure 2.5: Major apparel and accessories companies (World 2014)... 27 Figure 2.6: Examples of specialist device vendors by segment... 30 Figure 2.7: Top global mobile network operators by subscriber base (Q4-2013)... 32 Figure 2.8: Examples of IoT platform providers... 34 Figure 3.1: Apple Watch, LG Urbane 2 and Samsung Gear S2... 40 Figure 3.2: Smartwatch shipments by vendor (World 2014 and Q3-2015)... 41 Figure 3.3: Examples of introduced smartwatches... 44 Figure 3.4: Examples of smartwatches featuring cellular connectivity (Q3-2015)... 46 Figure 3.5: Connected wearables from Samsung (2013 2015)... 49 Figure 3.6: Connected watches from Sony... 52 Figure 4.1: Smart glasses form factors... 57 Figure 4.2: Examples of announced smart glasses (November 2015)... 58 Figure 4.3: Examples of VR and AR solutions... 60 Figure 4.4: Examples of smart glasses from Epson... 65 Figure 5.1: Wearable fitness device form factors... 70 Figure 5.2: Connected fitness and activity tracker shipments by vendor (Q3-2015)... 71 Figure 5.3: Examples of Bluetooth connected activity wristbands... 72 Figure 5.4: Examples of Bluetooth connected sports watches... 74 Figure 5.5: Wireless connected activity trackers with alternative form factors (A-O)... 76 Figure 5.6: Wireless connected activity trackers with alternative form factors (P-Z)... 77 Figure 5.7: Jawbone fitness and activity trackers... 81 Figure 5.8: Selected connected fitness and activity trackers from Garmin... 84 vi STRATEGIC RESEARCH SERIES M2M RESEARCH SERIES
CONNECTED WEARABLES INDEX Figure 6.1: Examples of wearable child locator devices... 88 Figure 6.2: Wearable child locator devices... 90 Figure 6.3: Everfind Safelet, PFO Shield and Cuff bracelet... 91 Figure 6.4: Lone worker protection devices... 93 Figure 6.5: Offender monitoring devices featuring cellular and GPS connectivity... 94 Figure 6.6: Mobile telecare and mpers devices... 97 Figure 6.7: Connected wearables from LOSTnFOUND and Limmex... 98 Figure 6.8: Connected wearable telecare devices... 99 Figure 7.1: Examples of wearable medical applications... 108 Figure 7.2: Examples of medical devices... 112 Figure 7.3: Cardiac rhythm and ECG monitoring devices... 114 Figure 7.4: Connected glucose and blood pressure monitors... 116 Figure 7.5: MC10 Biostamp and Orpyx SurroSense RX... 119 Figure 7.6: Examples of wearable industrial computers... 122 Figure 7.7: Wearable industrial computers from Zebra Technologies and Kopin... 123 Figure 7.8: Examples of wearable gesture and authentication devices... 125 Figure 7.9: Examples of various wearable devices... 128 Figure 7.10: Various connected wearables... 130 Figure 7.11: Dexcom G5 app and transmitter... 135 Figure 7.12: Connected wearables from Withings... 138 Figure 8.1: Connected wearables shipments by device category (World 2014 2020)... 142 Figure 8.2: Connected wearables shipments by market segment (World 2014 2020)... 143 Figure 8.3: Connected wearables shipments by region (World 2014 2020)... 144 Figure 8.4: Cellular connections by device category (World 2014 2020)... 145 Figure 8.5: Smartwatch shipments by region (World 2014 2020)... 146 Figure 8.6: Smart glasses shipments by region (World 2014 2020)... 148 Figure 8.7: Fitness and activity tracker shipments by region (World 2014 2020)... 149 Figure 8.8: People monitoring and safety device shipments (World 2014 2020)... 152 Figure 8.9: Wearable medical device shipments (World 2014 2020)... 155 Figure 8.10: Other connected wearables shipments (World 2014 2020)... 157 Figure 8.11: Connected wearables mergers and acquisitions (2014 2015)... 162 STRATEGIC M2M RESEARCH SERIES vii
INDEX CONNECTED WEARABLES viii STRATEGIC RESEARCH SERIES M2M RESEARCH SERIES