Prediction: Wearable Sales Will Continue To Grow Double-Digit This Year

Opportunities in the wearable market are expanding and this is what leads IDC to forecast that sales will grow to 198.5 million units by the end of this year. In a few years, in 2023, sales are expected to stand at 279 million units, which will mean a compound annual growth rate of 8.9%.

As factors that will drive them, the consultant refers to the continued proliferation of watches, headphones and ear devices or bracelets, but also the emergence of new applications such as, for example, the health care sector. At this point, IDC emphasizes that the devices are a good source of data about the patient that, besides, can be more autonomous when it comes to keeping track of their health.

Within the company segment, wearables can facilitate digital transformation by transmitting information and allowing workers to perform tasks faster.

Also Read: Apple Watch Series 4

With more than 90.5 million units sold that are expected in 2019, the smartwatch segment leads this market, followed by ear devices (54.5 million) and wristbands (49 million). The clothes will be in a discrete figure of 3 million.


Concerning the evolution of the different categories, the watches will represent 46.6% of all sales in 2018, and in 2023 their market share will be even greater as it will amount to 47.1. They will be followed by ear devices, which in 2019 will account for 27.4% of the wearable units sold and their progression will go further, with a 31% portion of the market in five years.

On the other hand, the sales of bracelets will fall and if they have a 24.7% share this year they will represent 18.1% in 2023.

Meanwhile, connected clothes do not finish taking off. This year will weight 1.5% in the market, a percentage that will increase to 3.1% at the end of the period studied.

Tech Smashers is a global platform thatprovides the latest reviews & newsupdates on Technology, Business Ideas, Gadgets, Digital Marketing, Mobiles,Updates On Social Media and manymore up coming Trends.


What Are The Trends That Will Shape Cybersecurity In 2021

A massive spread of remote work and a drastic increase in cloud applications: The year 2020 gave the digital transformation a real boost. These...

7 Tips For Efficient Webinars And Web Conferences

Even before the corona crisis, employees worked more and more often from home or project-related across the company and sometimes national borders. If you...

Increase The Conversion Rate With An Optimized Online Presence

We are used to finding the information or product we are looking for quickly and easily online. If we don't find something, frustration quickly...

A Step By Step Guide On Online Demat Account Opening Process

Every investor who wants to trade in the stock market must have an online Demat Account for storing and accessing his share certificates electronically....

Enterprise Mobility Management: Minimizing Security Risks

After the pandemic has shaped almost an entire year, far-reaching effects on society and the economy are discernible.Companies, in particular, have significantly strengthened and...

How To Sell Wireless Car Charger To A Skeptic

Some people aren’t easy to convince. It may be due to their doubts about an idea or new technology. Like in the case of...

7 Helpful Tips For To Use Online Video Maker Tool

Nowadays, video is becoming the go-to marketing tool due to its affordability as well as effectiveness. However, in order for a video to truly...

Amazon And Google Punished By The CNIL For Their Use Of Cookies

Amazon is fined 35 million euros and Google is ordered to pay 100 million euros for violating legislation on cookies.The restricted formation, the body...