The wearable technology market continues to rapidly expand, with total unit shipments expected to reach almost 280 million by 2019, driving $43 billion in revenue. In the last 18 months, the market has seen a surge of creativity, particularly with infotainment applications and fitness applications. With wireless charging enabled wearables already being adopted by high profile volume manufacturers such as Apple, the potential for growth is immense – with 23 million wireless charging enabled wearable receiver products shipping during 2015.
This report covers the key applications in the market and assesses developments over the past 12-18 months. Interviews have been conducted with wireless charging specialists as well as wearable technology manufacturers to help IHS present an accurate analysis of the market. The report also draws upon IHS expertise in the general wearable technology and wireless power markets to form a solid base for forecasts and a credible opinion on potential market growth.