Apple Watch to spark wearable tech growth: IDC

IDC said it expected some 45.7 million wearable tech gadgets to be shipped globally this year, up 133 percent from 2014
IDC said it expected some 45.7 million wearable tech gadgets to be shipped globally this year, up 133 percent from 2014

Wearable technology devices are seeing a growth surge that is likely to continue over the next few years, helped by the soon-to-be-released Apple Watch, a market tracker said Monday.

IDC said it expected some 45.7 million wearable tech gadgets to be shipped globally this year, up 133 percent from 2014.

By 2019, the research firm sees volumes of 126.1 million units, or an average growth pace of 45 percent.

Propelling the higher will be devices like the Apple Watch, along with other smartwatches like Motorola's Moto 360, and Samsung's Gear watches.

Wrist-worn wearables, including bands, bracelets, and watches, will account for more than 80 percent of the market over the coming years, IDC said. But it also sees strong growth in smart clothing— shirts, socks, hats, and other products with computing power—along with connected eyewear and earwear.

"Smart wearables are about to take a major step forward with the launch of the Apple Watch this year," said IDC analyst Ramon Llamas.

"The Apple Watch raises the profile of wearables in general and there are many vendors and devices that are eager to share the spotlight. Basic wearables, meanwhile, will not disappear. In fact, we anticipate continued growth here as many segments of the market seek out simple, single-use ."

IDC analyst Ryan Reith said that fitness bands, the early leader in wearables, have come down in price and are now being bundled with smartphones at little cost.

"The explosion of wearable devices was clearly led by fitness bands, which until recently commanded prices that provided comfortable margins, but those days are changing," he said

"The market is quickly shifting toward higher-priced devices that offer greater functionality."

IDC said it sees "smart wearables" with the ability to run outside applications grow 510 percent this year to 25.7 million units, while "basic" wearables will grow some 30 percent to 20 million units.


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Citation: Apple Watch to spark wearable tech growth: IDC (2015, March 30) retrieved 16 October 2019 from https://phys.org/news/2015-03-apple-wearable-tech-growth-idc.html
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Mar 30, 2015
I think those analysts have been smoking something still mostly illegal and it must have been some really good stuff.

Smart watches including full operational cell phone watches have been available for at least 5 years and much longer in some cases of smart watches. I had a Casio smart watch back in the early 1980's. It wasn't as fancy as the new ones but it could do a few things. ...It had a great little 5 card poker game on it...

How many people have you seen wearing them? Except for a few athlete types I doubt hardly anyone else does.

Apple will initially sell a bunch because many in the Ibot army will buy anything Apple comes out with regardless of whether they actually need it or not but after that first rush I really think Apple is going to be in for a surprise.

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