SYNOPSIS:
Consumer adoption of wearables has hit an all-time high, with nearly half of US internet households owning one or more smart watches or fitness trackers. Device makers must carefully evaluate their next strategies - to widen appeal and break into the remaining untapped market, or to hone-in on existing users with advanced features and functionalities. This research evaluates the current scope of the wearables market, looking at new advances in health and safety.
Key questions addressed:
- 1. What is the consumer adoption of wearables platforms such as smart watches, fitness trackers, hybrid watches, and smart jewelry?
- 2. How has brand awareness and brand perception changed over the past several years?
- 3. What is the demand for new form factors, including smart jewelry such as rings?
- 4. How are consumers evaluating new features and available add-ons, such as fitness subscriptions and cellular connectivity?
- 5. What drives customer purchase behavior?
- 6. What is the demand for personal safety features and services?
ANALYST INSIGHT:
"Wearables adoption is following the pattern laid out by smartphones, coalescing around two major platforms - Apple and Google. Garmin is the largest independent brand remaining." - Kristen Hanich, Research Director, Parks Associates.
Table of Contents
Survey Methodology and Definitions
Defining the Wearables Market
Executive Summary
- Household Adoption of Wearables
- Adoption of Wearables Brands - Smart Watches, Fitness Trackers, GPS Sports Watches
- Smart Watch Ownership
- Additional Subscriptions
- Smart Watch Purchase Intention
- Brand of Smart Watch Purchased
- Intent to Purchase Wearables in Next 6 Months
- Use Cases Among Wearables Type Owners
- Reasons for Adopting a Device/App for Emergency Call
Market Landscape
- Wearable Devices: Adoption, Purchases, & Purchase Intention Among US Internet Households
- Wearable Devices: Purchase Type
- Net Promoter Score for Consumer Electronics Devices
- Wearable Devices: Net Promoter Score
- Demographic Breakdown of Wearable Device Owners
Brand Adoption Among US Internet Households
- Wearables Brand Adoption by US Internet Households
- Brand Adoption Among Smart Watch Households
- Smart Watch NPS
- Brand Adoption Among Fitness Tracker Households
- Fitness Tracker NPS
- Brand Adoption Among GPS Sports Watch Households
- GPS Sports Watch NPS
- Brand Adoption Among Smart Ring Households
Feature Interest and Willingness to Pay
- Attitudes Towards Health-Related Wearable Features
- Wearables Intenders Willing to Pay More for Model/Brand with Select Features: Medical Features and Wellness Features
- Willingness to Pay for Health-Related Wearable Features
- Premium Apps or Services Among Wearables Households
- Satisfaction for Wearable Device by Paid App or Service
- Application Integrations: Telehealth, Second Screens
- Appeal Among US Internet Households
- Smart Watch Owners vs. Non-Owners
- Wearable Purchase Intention: Single Product vs Multiple Products
Wearables Key Use Cases
- Use Cases for Wrist Wearables
- Use Cases Among Wearables Type Owners
- Preferred Health and Wellness Capabilities: Smart Watches, Fitness Trackers, GPS Sports Watches, Wearables Users
- Preferred Fitness and Outdoors Capabilities: Smart Watches, Fitness Trackers, GPS Sports Watches, Wearables Users
- Preferred Utilitarian Capabilities: Smart Watches, Fitness Trackers, GPS Sports Watches, Wearables Users
- Preferred Communications Capabilities: Smart Watches, Fitness Trackers, GPS Sports Watches, Wearables Users
- Preferred Fashion Characteristics for Wearables: User Interface, Bezels, Styling, Watch Bands, Shape, Social Setting
- Smart Watch Control Mechanism
- Peripherals Connected to Smart Watch
Personal Safety and Emergency Monitoring
- Use of Device/App to Call for Help in Case of Emergency
- Type of Emergency Solution Used
- Reasons for Adopting a Device/App for Emergency Call
- Type of Emergency Service Used
- Willingness to Pay for Tested Safety Features
- Purchased Current Wearable for Safety
- Attitudes Towards Safety-Related Wearable Features
- Preferred Safety Features When Purchasing
Appendix