IoT Wearables – Consumers View on Wearables, Part 1 of 2

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The consumers view on wearables, part 1 is a survey conducted by Ericsson Consumer Lab in March 2016. This was an online survey of 5,000 iPhone and Android smartphone users, aged between 15 and 65, of whom 50% were also existing wearable technology owners.

The participants in the online survey were located in Brazil, China, South Korea, the UK and the US. Their views are representative of the opinion of 280 million smartphone users across these 5 markets.

 

Consumers View on Wearables, Part 1 - Wearable Geographical Markets

 

Main Findings
  • Internet of Things (IoT) future shaped by wearables

74 percent believe multiple wearables and sensors will help them interact with other devices and physical things around them, while 1 in 3 smartphone users believes they will wear at least 5 wearables beyond 2020. Thus, a setback in wearables adoption might delay the overall adoption of the IoT among consumers.

  • Wearables manufacturers as personal data brokers

70 percent of users of wearables perceive wearables manufacturers to be very serious about protecting their data. In fact, users of wearables are more likely to share their data with wearables manufacturers than with doctors, insurance companies and internet companies.

  • A new role for smartphones in the wearables future

43 percent of those surveyed believe smartphones will be replaced by wearables, while 40 percent of smartwatch users already interact less with smartphones today. As wearables get smarter, the smartphone may become a secondary screen.

  • Wearables become the most personal devices.

Despite this, a quarter of those who have bought wearables in the past three months say their expectations have not been met.

  • Consumers prediction: wearables ideas will become mainstream beyond 2020.

However, current users of wearables believe the development will be much faster.

 

The Demographic Compositions

In the US (one of the leading markets for wearables) the majority of existing users of wearables are adults in the 25–34 age bracket. In this market, smartwatch and fitness tracker owners are similar in terms of affluence and age but not gender.

While females are more likely to own activity trackers, 63 percent of smartwatch owners are male. Younger generations appear to be the new users of these devices – around 24 percent of surveyed smartphone users across 5 markets who had adopted wearables in the last 3 months were 15–24 years old.

In this study, Ericsson saw wearables adoption moving beyond the early adopter group and no longer confined to the fittest, with 43 percent of those who have bought wearables in the past 3 months either doing moderate or no exercise. Thus, the wearables demographic divide is narrowing.

 

Consumer View on Wearables, Part 1 - New Users Adoption Chart

 

 Future Wearable Path

Across the 5 markets surveyed, of the 62 percent of smartphone users who do not own any wearables today, 35 percent are interested in buying fitness trackers and smartwatches.

Purchase intention is highest in China, where half of smartphone users are planning to buy these devices. While smartphone users in most markets predict that it will take at least one year for the first generation of wearables to go mainstream, smartphone users in the US already think that fitness bands and activity trackers have gone mainstream.

The majority of consumers predict that most of the concepts tested will not go mainstream until after 2020. However, existing users believe wearables development will be much faster, with 60 percent predicting that blood alcohol monitoring ‘internables’ and smart garments will be mainstream by 2020.

 

Consumers View on Wearables, Part 1 - Wearable Consumer Adoption Chart

 

Conclusion

With expectations rising among users of wearables, wireless networks and business models may also have to evolve to cope with a future where consumers will wear multiple devices and expect them to connect to the internet, interact with physical surroundings and receive actionable data and insights – all in a seamless and secure way.

Wearables in general have generated interest in the IoT due to the easy access and immediacy of the platform. Plus, wearables of all form factors collect some of the most personal and contextually relevant data available.

 

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