Wearables by the Yole forecast numbers
Speaking at the European MEMS Summit, organized by the SEMI trade association in Milan last week, Mounier said that 213 million sensors would be shipped in 83 million pieces of wearable equipment in 2015 and that those systems will have a value of $23 billion.
Wearable equipment market worth $88 billion in 2020. Source: Yole.
Those figures will roughly quadruple by 2020, Mounier asserted, saying that 1.2 billion sensors would ship in 284 million wearable devices with a value of $88 billion in 2020.
Next: Shipments by how worn
Wearable devices breakdown 2012 to 2020. Source: Yole.
Mounier also broke the numbers down by location of the wearable, with the wrist retaining the vat majority of the wearables market through 2020. In that year he predicts that wrist-worn wearables will be 86 percent of the market.
Mounier said the total MEMS market is going to be worth about $13 billion in 2015 and is likely to be worth $20 billion in 2020 with consumer electronics taking about 60 percent of the market by value.
Next: Consumer’s place in wearables
Wearables for consumer, health, industrial markets from 2012 to 2020. Source: Yole.
The secrets of success in the wearables market are that equipment is always-on, wireless connected and low power. However, despite the high threshold for success this implies – most wearable equipment today only lasts a few hours before needing recharging – Mounier said the combination of wearables of smartphones would cross over from sport and fitness applications into preventative medical applications.
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