The market forecast for mobile gadgets worn on your wrist, hip, or head is stellar, and tech's biggest players are preparing for the rush.
By Peter Suciu
FORTUNE -- Mobile gadgets won't just be tucked into your purse or your pocket. Soon, they'll increasingly be on your wrist, as part of your glasses and even in your clothing. While still in its infancy, wearable technology is poised to take off. The market for the wearables business is expected to exceed $1.5 billion in 2014, double its value last year, according to a report from Juniper Research.
Unlike other parts of the consumer electronics market, the wearables category is made up of many small segments, with wearable fitness bands currently leading the way in consumer adoption. But the wearable band market is growing fast, according to a forecast by Canalys, and more than 17 million wearable fitness bands will be sold this year. That figure is estimated to reach 23 million by 2015 and more than 45 million by 2017.
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