View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
August 11, 2014

UK wearable technology market to grow 41.8% per year until 2019

The European market could grow to $2.5bn by 2019.

By CBR Staff Writer

The wearable technology market in the UK is expected grow 41.8% year-on-year between 2014- 2019, with new products hitting the market boosting its success.

According to the report from Transparency Market Research, the market is set for growth with innovations helping its progress.

A UK based textile firm Intelligent Textiles is a prime example of this. The company has already developed electrically-active woven fabrics for commercial products ranging from body armour to heated bedding and garments connected to iPods.

The European market could also see similar growth with the market set to grow from $308.69m in 2013 to $2.5bn in 2019, rising at a compound annual growth rate (CAGR) of 42.1% during the period.

Wearable technology, which now has applications in sectors such as fitness and wellbeing, infotainment, healthcare and medical and industrial and military, is currently a niche segment with few companies dominating the market.

The application of wearable technology is expected to expand further into other sectors in the near future, analysts predicted.

Germany was a dominant market in Europe with a share of 32% in 2012.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.