More Than 650M Wearables Devices to Ship by 2027: ABI Research
“Continuous growth” in the wearables market is expected through 2027, following a demand slowdown in 2021 “due to economic and geopolitical factors impacting consumers' priorities,” reported ABI Research Thursday. More than 300 million wearables devices were shipped by the end…
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of 2021 and will reach around 344 million by the end of this year, said ABI. It projects that more than 650 million wearables devices will be shipped globally by 2027, based on a 13.2% compound annual growth rate the next five years. Health and wellness trackers and “smart home-enabled smartwatches” are the two segments that will drive most of the growth, said ABI, crediting strong demand for the Apple Watch and “the growing number of companies offering smartwatches with impressive functionalities.”