Wearables market forecast to reach 228 million annually by 2020
TweetFollow Us on Twitter

Wearables market forecast to reach 228 million annually by 2020

According to a new report by Research and Markets (www.researchandmarkets.com), shipments of connected wearables reached 72.5 million in 2015, up from 25.3 million devices in the previous year. Growing at a compound annual growth rate of 25.8%, total shipments of smartwatches, smart glasses, fitness & activity trackers, people monitoring and safety devices and medical devices as well as other wearable devices are forecasted to reach 228.3 million units in 2020.

Bluetooth will remain the primary connectivity option in the coming years. A total of 17.8 million of the wearables sold in 2020 are forecasted to incorporate embedded cellular connectivity, mainly in the smartwatch and people monitoring and safety categories. Apple entered the connected wearables market in the second quarter (Q2) of 2015 and quickly became the leading smartwatch vendor.

The competition is responding with increasingly capable and attractive devices from Android Wear vendors including Motorola, LG, Huawei and Asus as well as from vendors betting on other platforms such as Samsung and Pebble, according to Research and Markets. Smartwatch sales have picked up considerably during 2015 and shipments are on the track to reach 19.5 million units by the end of the year, a 353 percent increase year-on-year.

This market development has not gone unnoticed by the traditional watch industry and several vendors including Fossil and TAG Heuer have presented smartwatches of their own said Johan Svanberg, Senior Analyst, Berg Insight. Improved devices available in different price segments will drive adoption in the next five years and smartwatches is predicted to become the largest device category by the end of the forecast period.

Today, fitness and activity trackers is still the largest device category and shipments are expected to reach 51.0 million units in 2015. Market pioneers such as Fitbit, Jawbone and Garmin have in the past years been joined by an abundance of companies including major players from the smartphone industry. Xiaomi has been particularly successful with its affordable trackers and the company is the only fitness tracker vendor which can compete with Fitbit in terms of sales volumes.

This product category is now facing fierce competition from smartwatches that in many cases include activity tracking features. Decreasing prices and new form factors will still enable dedicated fitness & activity trackers to reach shipments of 71.0 million units in 2020. Connected wearables such as cardiac rhythm management devices, ECG monitors, mobile Personal Emergency Response Systems (mPERS) and wearable computers are already common in the medical, people monitoring and enterprise segments.

What’s more, miniaturized electronics, low power wireless connectivity and cloud services have enabled the development of a wide range of new connected wearables such as authentication and gestures wristbands, notification rings, smart motorcycle helmets and smart gloves. Shipments of smart glasses have so far been very modest, but promising use cases in professional markets as well as in niche consumer segments will enable smart glasses to become a sizeable connected wearable device category in the next five years.

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

DiskCatalogMaker 7.2.7 - Catalog your di...
DiskCatalogMaker is a simple disk management tool which catalogs disks. Simple, light-weight, and fast Finder-like intuitive look and feel Super-fast search algorithm Can compress catalog data for... Read more
Iridient Developer 3.2.1 - Powerful imag...
Iridient Developer (was RAW Developer) is a powerful image-conversion application designed specifically for OS X. Iridient Developer gives advanced photographers total control over every aspect of... Read more
BusyContacts 1.2.7 - Fast, efficient con...
BusyContacts is a contact manager for OS X that makes creating, finding, and managing contacts faster and more efficient. It brings to contact management the same power, flexibility, and sharing... Read more
MegaSeg 6.0.5 - Professional DJ and radi...
MegaSeg is a complete solution for pro audio/video DJ mixing, radio automation, and music scheduling with rock-solid performance and an easy-to-use design. Mix with visual waveforms and Magic... Read more
BusyContacts 1.2.7 - Fast, efficient con...
BusyContacts is a contact manager for OS X that makes creating, finding, and managing contacts faster and more efficient. It brings to contact management the same power, flexibility, and sharing... Read more
MegaSeg 6.0.5 - Professional DJ and radi...
MegaSeg is a complete solution for pro audio/video DJ mixing, radio automation, and music scheduling with rock-solid performance and an easy-to-use design. Mix with visual waveforms and Magic... Read more
Iridient Developer 3.2.1 - Powerful imag...
Iridient Developer (was RAW Developer) is a powerful image-conversion application designed specifically for OS X. Iridient Developer gives advanced photographers total control over every aspect of... Read more
iFFmpeg 6.6.1 - Convert multimedia files...
iFFmpeg is a comprehensive media tool to convert movie, audio and media files between formats. The FFmpeg command line instructions can be very hard to master/understand, so iFFmpeg does all the hard... Read more
Tor Browser Bundle 7.0.11 - Anonymize We...
The Tor Browser Bundle is an easy-to-use portable package of Tor, Vidalia, Torbutton, and a Firefox fork preconfigured to work together out of the box. It contains a modified copy of Firefox that... Read more
iShowU Instant 1.2.4 - Full-featured scr...
iShowU Instant gives you real-time screen recording like you've never seen before! It is the fastest, most feature-filled real-time screen capture tool from shinywhitebox yet. All of the features you... Read more

Latest Forum Discussions

See All

Reigns: Her Majesty guide - how to use e...
Ruling a kingdom isn't easy--doubly so for a queen whose every decision is questioned by the other factions seeking a slice of power. Reigns: Her Majesty builds on the original game's swipey tactics, adding items that you can use to move the story... | Read more »
The best new games we played this week -...
Friday has crept up on us once again, so it's time to honor the best new games we've played over the past few days. This past week was a pretty exciting one, with the debut of lots of beautiful new indies and some familiar faces returning to the... | Read more »
Portal Knights guide- beginner tips and...
Portal Knights is finally making the jump to iOS and Android, and it's already climbing the ranks to become the next big MMO experience on mobile. This sprawling sandbox game will let you pursue any adventure you wish, whether you want to sling... | Read more »
Reigns: Her Majesty guide - how to swipe...
Reigns: Her Majesty is storming the App Store this week, bringing more tinder-esque kingdom building to eager players everywhere. If you've played the original Reigns, you'll know that leading a kingdom is never easy. It's a careful balancing act... | Read more »
Getting Over It (Games)
Getting Over It 1.0 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0 (iTunes) Description: A game I madeFor a certain kind of person To hurt them. • Climb up an enormous mountain with nothing but a hammer and a pot.•... | Read more »
Reigns: Her Majesty (Games)
Reigns: Her Majesty 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: | Read more »
Pocket Legends Adventures guide - how to...
Pocket Legends Adventures is a fun action adventure RPG that takes control when you want it to, but also opens itself for player input, too, if you're looking to tkae a more active role in combat. Regardless of play style, the game can be quite... | Read more »
Portal Knights (Games)
Portal Knights 1.2.4 Device: iOS Universal Category: Games Price: $4.99, Version: 1.2.4 (iTunes) Description: Craft your adventure. Forge your hero. Become the ultimate Portal Knight! | Read more »
Ashworld (Games)
Ashworld 1.3 Device: iOS Universal Category: Games Price: $3.99, Version: 1.3 (iTunes) Description: | Read more »
The best deals on the App Store this wee...
Another week means another roundup of quality bargain games. This week's list features a few games we haven't featured before in our weekly roundups. If you're on the prowl for new games, now's an optimal time to try something completely new for... | Read more »

Price Scanner via MacPrices.net

Beats by Dr. Dre – BeatsX Earphones on sale f...
Best Buy has BeatsX Earphones on sale for $109, $40 off, on their online store. Sale price for online orders only. Choose free store pickup, if available, or choose free shipping. Read more
10″ 64GB WiFi Apple iPad Pros on sale for $59...
MacMall has 10.5″ 64GB Apple iPad Pros on sale for $599 including free shipping. That’s $50 off MSRP and among the lowest prices available for these iPads from any Apple reseller. Read more
15″ 2.2GHz MacBook Pros on sale for $200-$300...
B&H Photo has the 15″ 2.2GHz MacBook Pro available for $200 off MSRP including free shipping plus NY & NJ sales tax only: – 15″ 2.2GHz MacBook Pro (MJLQ2LL/A): $1799 $200 off MSRP Apple has... Read more
Holiday sale: 15″ MacBook Pros for $200-$420...
MacMall has 15″ MacBook Pros on sale for $220-$300 off MSRP, each including free shipping: – 15″ 2.8GHz MacBook Pro Space Gray (MPTR2LL/A): $2179, $220 off MSRP – 15″ 2.8GHz MacBook Pro Silver (... Read more
Holiday sale: 13″ MacBook Airs for up to $150...
B&H Photo has 13″ MacBook Airs on sale for $100 off MSRP as part of their Holiday sale. Shipping is free, and B&H charges sales tax for NY & NJ residents only: – 13″ 1.8GHz/128GB MacBook... Read more
The best Holiday sale prices on 13″ MacBook P...
B&H Photo has 13″ MacBook Pros on sale this weekend, with models available for $100-$150 off MSRP. Shipping is free, and B&H charges sales tax for NY & NJ residents only: – 13-inch 2.3GHz... Read more
Holiday sale: 27″ Apple iMacs for $150-$200 o...
MacMall has 27″ iMacs on sale for $150-$200 off MSRP as part of their Holiday sale, each including free shipping: – 27″ 3.8GHz iMac (MNED2LL/A): $2099 $200 off MSRP – 27″ 3.5GHz iMac (MNEA2LL/A): $... Read more
Save on clearance 2016 15″ MacBook Pros, up t...
B&H Photo has clearance 2016 15″ MacBook Pros available for up to $700 off original MSRP. Shipping is free, and B&H charges NY & NJ sales tax only: – 15″ 2.7GHz Touch Bar MacBook Pro... Read more
Apple offers Certified Refurbished 9.7″ iPads...
Apple has Certified Refurbished 9.7″ WiFi iPads available for $50-$70 off the cost of new models. An Apple one-year warranty is included with each iPad, and shipping is free: – 9″ 32GB WiFi iPad: $... Read more
Save $200-$240 on a 12″ Apple MacBook with Ce...
Apple has Certified Refurbished 2017 12″ Retina MacBooks available for $200-$240 off the cost of new models. Apple will include a standard one-year warranty with each MacBook, and shipping is free.... Read more

Jobs Board

*Apple* Retail - Multiple Positions - Apple,...
Job Description:SalesSpecialist - Retail Customer Service and SalesTransform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Retail - Multiple Positions - Apple,...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Retail - Multiple Positions - Apple,...
Job Description:SalesSpecialist - Retail Customer Service and SalesTransform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Information Security - Security Data...
# Apple Information Security - Security Data Analyst Job Number: 113119545 Austin, Texas, United States Posted: 10-Nov-2017 Weekly Hours: 40.00 **Job Summary** This Read more
*Apple* Retail - Multiple Positions - Apple,...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.