What is? Wearable technology, wearables, fashionable technology, wearable devices, tech togs, or fashion electronics are cloth...
What is?
Wearable technology, wearables, fashionable technology, wearable devices, tech togs, or fashion electronics are clothing and accessories incorporating computer and advanced electronic technologies. The designs often incorporate practical functions and features, but may also have a purely critical or aesthetic agenda.
Morgan Stanley: Wearable Devices A Potential $1.6 Trillion Business
Wearable technology refers to mobile electronic devices that are worn on a user’s body or attached to their clothes. While the technology is in its infancy stage, analysts at Morgan Stanley believe it will become a $1.6 trillion business in the near-future.
“Wearable devices will far surpass market expectations, and become the fastest ramping consumer technology device to date, in our view,” a group of Morgan Stanley analysts wrote in a note on Thursday. The analysts add that wearable devices will have “far-reaching” impacts by creating a new category and disrupting or even accelerating change within industries outside of technology.
