Global wearable technology Market 5 years or up to 8.3 billion dollars

Wearable equipment is becoming the new darling of the American science and Technology Sina Science and technology news Beijing time August 20, the Market Research Institute and CMC released the latest report shows that by 2018 the global market for wearable electronic products will reach 8.3 billion U.S. dollars, the next 5 years of composite growth rate ( CAGR) is expected to be as high as 17.71%. Wearable computing devices are small electronic devices that users can wear to support mobile computing and wireless networks. "Wearable technology" refers to any one user can wear on the body of electronic equipment or products, can be in the day-to-day activities or work of the integration of computing characteristics, while the use of advanced features and features of the technology. Thanks to the industry and academia in the past 20 years of unremitting efforts, a variety of advanced wearable products and equipment has been available. At present, technology giants and small start-ups are entering the wearable technology market, which is enough to demonstrate the great potential of the markets. The study and CMC report showed that the global market for wearable technology in 2012 earned 2.7 billion dollars. By the end of 2012, wrist-wearing equipment earned 876.7 million dollars, the largest share of the market and the minimum share of neck wear equipment. By application, by the end of 2012, consumer applications had a revenue of $2,367,990,000, with the largest share of wearable technology markets, with the least share of corporate and industrial applications and a revenue of only 73.04 million dollars. However, during the forecast period from 2013 to 2018, the annual composite growth rate of enterprise and industry application will be the highest, reaching 21.14%. By region, North America is the world's largest wearable technology market and is expected to continue to dominate during the forecast period, with the United States occupying more than 80% per cent of the market. From 2013 to 2018, the Asia-Pacific region will have the highest annual composite growth rate of market-wearing technology, and China currently has the largest market share in the Asia-Pacific region. Industry experts believe that wearable technology will be following the smartphone, the next potential unlimited market opportunities, this market includes advanced electronic equipment, intelligent Textiles (smart textiles) and other products. The Intelligent textile market is classified by material type, material characteristic and material embedding function. The total revenue of the smart textiles market will exceed $2 billion trillion by 2018, and the annual compound growth rate is estimated at 21.54% from 2013 to 2018, CMC. In the next few years, the smart textile market will show strong growth trend. (Qing Chen)