Clothing & ear based fitness wearables to grow by over 550% in the next 4 years as specialised devices find a place

A new research report from Juniper Research forecasts that specialised fitness wearables integrated into clothing and ear-based ‘hearables’ will grow from an expected 4.5 million shipped in 2018 to nearly 30 million in 2022, an increase of more than 550%. By contrast, conventional activity tracker shipments will only grow by 20% in that time.

Fitbit & Huami market share to drop

The new research, Health & Fitness Wearables: Vendor Strategies, Trends & Forecasts 2018-2022, found that as growth in basic trackers has slowed, session specific wearables, for example those monitoring gym or training sessions, have multiplied. Devices from companies like Under Armour, Sensoria, Gymwatch, Atlas and Jabra provide more granular metrics, without the additional messaging and call-handling functions of more general wearables.

It found that as detailed metrics become widespread amongst all vendors, lifestyle tracking leaders such as Fitbit and Huami will decline in market share. Combined, these players will account for 28% of total fitness wearable shipments by 2022, down from over 40% in 2017.

Data opportunity for fitness, still a hurdle for healthcare

James Moar

The research found that the key battleground for fitness wearables is now data, which will ultimately become device-agnostic, thanks to initiatives like Suunto’s Movesense platform. However, due to a lack of consumer interest, Juniper expects fitness software and services revenues to remain under $200 million per annum over the next 4 years.

Despite the promise of wearables in healthcare, there is little specialised hardware available, with fitness wearables being adapted for healthcare purposes. Juniper expects healthcare wearables to make up under a third of all of the sector’s devices in use by 2022, as regulation slows roll-outs and keeps prices high.

“Healthcare usage has long been the goal of many wearables manufacturers”, remarked research author James Moar. “However, more research needs to be done on activity tracking in order to make typical wearables data clinically meaningful to healthcare professionals.”

To download Juniper’s complimentary whitepaper click here.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

IoT solution providers now can integrate LoRaWAN connectivity with thingPark embedded OEM program

Posted on: December 3, 2021

Actility launches ThingPark Embedded, an OEM-type Partner Program which enables IoT Solution Providers and device manufacturers to integrate a full-featured industrial-grade LoRaWAN infrastructure to their offering.

Read more

Schneider Electric launches grids of the future lifecycle management at Enlit Europe event

Posted on: December 3, 2021

Rueil-Malmaison, France. 2 December 2021 – Schneider Electric, the provider of digital transformation of energy management and automation and The World’s 2021 Most Sustainable Corporation, believes that electricity is the only energy that offers the fastest vector for decarbonisation through a combination of renewables and digital software-led solutions.

Read more