IDC: Wearables Shipments to Hit 76.1M in 2015

IDC: Wearables Shipments to Hit 76.1M in 2015
Wearable device shipments will reach 76.1 million units in 2015, up 163.6% from the 28.9 million units shipped in 2014, according to market research firm IDC.

By 2019, worldwide shipments will reach 173.4 million units, resulting in a five-year compound annual growth rate (CAGR) of 22.9%.

IDC includes in this forecast both “basic“ and “smart“ wearables.

"Smart wearables only account for about a third of the total market today while basic wearables, led by fitness trackers, account for the rest," said Jitesh Ubrani, Senior Research Analyst for IDC's Mobile Device Trackers.

"Driven by advancements in user interface (UI) and features, smart wearables are on track to surpass the lower priced, less functional basic wearable category in 2018. Smart wearables will quickly move from a smartphone accessory primarily focused on notifications to a more advanced wearable computer capable of doing more processing on its own."

Driving the market are “smart“ watches and bands, capable of running third-party applications. This includes the Apple Watch, Motorola's Moto 360, Samsung's Gear S-series, and Pebble's Time.

"We are at a stage now where more vendors are getting into this (smart) segment, setting the stage for more selection and ultimately more volumes," explained Ramon Llamas, research manager for wearables at IDC.

Just like smartphones, the smart watches and bands market is segmented by their operating systems and also driven by Apple and Google even if there are still third party players like Pebble or Samsung with the Tizen OS (see the numbers below).

Monday, September 14th 2015

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