The wearable of Tomorrow
The self-monitoring market opens up opportunities that previously only professional athletes had access to. With self-monitoring, it is possible to achieve training targets. Smartphones, fitness and activity trackers, other wearables and applications for recording and sending vital data, have opened up this market. In the coming years this market will continue to grow. Experts predict a total turnover of 50 billion USD in 2019, the market will double over the next five years. The variety of sport activities provides an open market for self-monitoring products
FACTS & FIGURES
The wearables market is not only one of the fastest growing markets, but it also offers a friendly entrance environment for companies with innovative products. While traditional markets, such as the classic sport clothing market, are dominated by a few big players, the top five in the relatively new wearables market are predicted to lose market shares, leaving room for new competitors and innovations. In addition, the first agility shirt with live data tracking is part of the trending smart clothing segment, which will increase its share within the wearable market from 1% in 2016 to 9% in 2021 and is predicted to have a compound annual growth rate of a whopping 76.6%!
50 Billion USD
Total revenue of wearables market 2019 forecast
Shipments of smart clothing in 2021 forecast
9x faster growth than total market
Share of smart clothing segment within the wearables market in 2021 forecast
Compound annual growth rate of smart clothing segment forecast
"Vexatec helps me to measure my agility, acceleration and speed during training. At my level the smallest details are vital for improvement. My trainer instantly gets a visualization of my live data which helps him to guide my training performance."
Leon Draisaitl / Hockey NHL
"The functions of the Agility shirt are awesome; the technic offers much more opportunities than I´ve expected, especially to optimize training sessions and players performance."
Torsten Frings / Football coach
"I'm glad to be part of the VEXATEC team – testing the huge possibilities of the agility shirt and to contribute to its development."
Tommy Haas / Tennis player
"As a Formula 1 driver, Vexatec helps me prepare for endurance and fitness. During the simulator training, I constantly receive live data via blue-tooth on my mobile phone. So I can watch my performance as it happens. With the recorded live data, I can further evaluate all values in detail. Every little detail makes me faster."
Pascal Wehrlein / Formula 1 Driver
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