Let’s hear it for wearables. Between entering vendors, new devices, and greater end-user awareness, the market should be quite a bit bigger in 2015.
Take it from the International Data Corporation (IDC), whose most recent forecast data suggests vendors will ship a total of 45.7 million units in 2015, up 133.4 percent from the 19.6 million units shipped in 2014.
And it gets bigger. By 2019, according to the IDC data, total shipment volumes could reach 126.1 million units, for a five-year compound annual growth rate of 45.1 percent.
“Propelling the market higher in 2015 is an increased focus on smart wearables, or those devices capable of running third-party applications,” notes IDC.
Among the wearables expected to garner the bulk of market interest and attention will be Apple Watch, Motorola’s Moto 360, and Samsung’s Gear watches.
Collectively, these devices will help propel sales of smartwatches to more than 25 million units this year, a more than 500% increase from the 4.2 million units shipped in last year.
“Smart wearables are about to take a major step forward with the launch of the Apple Watch this year,” said Ramon Llamas, Research Manager with IDC’s Wearables team. “The Apple Watch raises the profile of wearables in general and there are many vendors and devices that are eager to share the spotlight. Basic wearables, meanwhile, will not disappear. In fact, we anticipate continued growth here as many segments of the market seek out simple, single-use wearable devices.”
Wrist-worn wearables (bands, bracelets, and watches) could account for more than 80 percent of all wearable device shipments. The majority of vendors have focused their efforts here, according to IDC.