The market for wearable technology has continued to see increased innovation from product designers over the last five years and is expected to be worth around $60 billion in 2021. With wireless charging enabled wearables already being adopted by high profile volume manufacturers such as Apple and Samsung, the potential for growth is immense – with over 25 million wireless charging enabled wearable receiver products shipping during 2016.
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 Markit present an accurate analysis of the market. The report also draws upon IHS Markit 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.
New to this edition of the ‘wireless power in wearable technology report’ is specific consideration to additional medical applications that offer opportunity for the use of wireless power. This is presented in Chapter 4 of the report.