Global Biotechnology Insights
Oct 26, 2021
Where is the Momentum in Wearables in 2021?
Over the past decade, wearables have progressed from a niche curiosity on the fringes of the consumer electronics sector, to being a key strategic element for many of the largest technology companies in the world. The total market for wearable technology products has doubled in annual revenue since 2015, generating nearly $80bn in revenue in 2020. However, with momentum, product trends, and focuses shifting all the time, it is important to stay ahead of the competition and consider the trends which will drive the sector over the coming years and decades.