Wearable Devices to Be 190-Million-Unit Global Opportunity in 2022, Says IDC
Global shipments of wearable devices are expected to increase 8.5 percent this year to 125.3 million units, reported IDC Monday. The growing popularity of smartwatches and “greater wearables” adoption in emerging markets will produce an 11 percent five-year compound annual…
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growth rate, with shipments jumping to 189.9 million units in 2022, said IDC. "The transition from basic wearables to smart wearables will continue over the next five years as the two approach parity in terms of market share by 2022," it said. Watches are forecast to reach 72.8 million units in 2018 with smartwatches generating roughly two-thirds of the total watch volume, said IDC. Total watch shipments are expected to reach 120.2 million by 2022 with a CAGR of 13.3 percent, it said. “Outside of smartwatches, hybrid watches and some basic kids' watches will also continue to ship in large volumes although growth for these types of devices will remain relatively flat throughout the forecast period.”