Wearable Computing Devices, Like Apple’s iWatch, Will Exceed 485 Million
Annual Shipments by 2018, According to ABI Research
LONDON -- February 21, 2013
Wearable computing devices are projected to explode in popularity over the
next year and with a wave of new gadgets set to hit the consumer market, could
soon become the norm for most people within five years. ABI Research forecasts
the wearable computing device market will grow to 485 million annual device
shipments by 2018.
Currently, sports and activity trackers account for the largest chunk of
wearable technologies shipped today. Smart activity trackers are widely
available, and the device’s trendy and stylish appearance makes them very
popular with a broad range of customers. It is estimated 61% of the wearable
technologies market is attributed to sport/activity trackers in 2013.
Smartphone compatible watches are beginning to emerge, and rumors have
materialized regarding Apple releasing a smart watch some time this year.
Furthermore, we will see the arrival of the much anticipated, smart glasses
later this year.
“The furor about wearable technologies, particularly smart watches and smart
glasses is unsurprising,” says Josh Flood, senior analyst at ABI Research.
Both technologies are very stimulating and some of the applications for the
device are rather inspiring. “Apple’s curved glass-based watch could prove to
be a revelation in the wearable technologies market. The major question is
whether the digital time piece will act as a complimentary device to the
company’s iPhone smartphones or as a standalone product with other
functionalities like health or activity tracking capabilities.”
Additionally, smart watches offer extra usages for an item most people already
own and commonly purchase. It may become universally expected for watches to
include this functionality as feature in the future. Furthermore, the
capabilities of smart watches could lead to the device being used as a
wearable remote for home automation systems. A quick shake of your wrist to
turn off/on room lights would be a very convenient tool.
ABI’s latest “Wearable Computing Technologies” report analyzes and provides
forecasts for wearable cameras, smart clothing, smart glasses, healthcare,
activity trackers, 3D motion sensors, and smartphone compatible watches.
Regional device shipments and some extra segment splits are also included in
the report. It forms part of ABI Research’s Mobile Device Technologies
ABI Research provides in-depth analysis and quantitative forecasting of trends
in global connectivity and other emerging technologies. From offices in North
America, Europe and Asia, ABI Research’s worldwide team of experts advises
thousands of decision makers through 70+ research and advisory services. Est.
1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
Christine Gallen, Tel: +44.203.326.0142
Press spacebar to pause and continue. Press esc to stop.