Fitness trackers and smartwatches are the main drivers of volume and growth for wearable device, according to a recent analysis of this segment by Tractica, a market intelligence firm. This growth will bring industry shipments of wearable devices to almost 560 million units by 2021, representing a sizeable jump from 5.0 million units in 2015. Fitness trackers, in particular, have doubled in sales since 2014.
“2015 was the biggest year for wearables by far, with fitness trackers outperforming industry expectations and smartwatches coming out strong,” says research director Aditya Kaul. “While fitness is the overwhelming driver for wearables today, there are a number of micro-segments emerging, ranging from kids’ watches to smart footwear to new healthcare devices like wearable patches that will drive this market forward.”
More information from Tractica’s market intelligence may be found in its Wearable Device Market Forecasts report. The report examines trends, presents market data, and forecasts growth in the wearable market. Tractica focuses on human interaction with technology, covering smart clothing, glasses, and watches, among other wearable devices.
