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Wearable Tech Market To Treble In Next Five Years

posted by martyb on Monday November 02 2015, @06:03AM   Printer-friendly
from the wating-for-ring-sized-wearables dept.

Phoenix666 writes:

The wearable tech industry will treble inside the next five years – with a whopping 245 million devices expected to ship in 2019.

That's according to CCS Insight's Wearables Forecast, Worldwide, 2015-2019, which states that the shipments for 2015 will be around 84 million units. That's a growth in monetary value of 64 per cent; from $15 billion in 2015 to $25 billion in 2019.

The analyst states fitness and activity trackers will account for more than half of the 2019 market in terms of units shipped, but smartwatches will make up more than 50 per cent of the revenue.

Smartwatches are obviously more expensive than fitness bands – especially given the decreasing prices of the latter thanks to budget-friendly brands like Xiaomi. The Chinese company has $15 tracker currently on sale – the Mi Band. The report claims that China overtook the US to become the biggest market for fitness trackers in 2015.

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  • (Score: 4, Touché) by kazzie on Monday November 02 2015, @02:21PM

    by kazzie (5309) Subscriber Badge on Monday November 02 2015, @02:21PM (#257506)

    Wait, if I read this correctly, by 2020 I'll have...

    3 x 0 = 0 wearable devices!

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  • (Score: 2) by frojack on Monday November 02 2015, @06:09PM

    by frojack (1554) on Monday November 02 2015, @06:09PM (#257616) Journal

    That "the Market will treble" says nothing about you, so no, you did not read it right.

    I've learned never to say never.

    There were a couple years back in the day where I actually couldn't imagine why anyone would want to have a telephone in their pocket. Such arrogance to think you couldn't be out of touch for 10 whole minutes.

    Next thing you know the company had me carrying a Motorola MicroTac around, and burning my face whenever I had to talk more than 10 minutes on it.

    --
    No, you are mistaken. I've always had this sig.

    • (Score: 1) by kazzie on Monday November 02 2015, @06:15PM

      by kazzie (5309) Subscriber Badge on Monday November 02 2015, @06:15PM (#257618)

      Er, *whoosh*...

      • (Score: 2) by frojack on Monday November 02 2015, @06:33PM

        by frojack (1554) on Monday November 02 2015, @06:33PM (#257626) Journal

        It wasn't a whoosh.
        It just wasn't funny.

        --
        No, you are mistaken. I've always had this sig.

  • (Score: 0) by Anonymous Coward on Tuesday November 03 2015, @05:34AM

    by Anonymous Coward on Tuesday November 03 2015, @05:34AM (#257828)

    We must be (i) intelligent, or (ii) related. My count also is zero and will remain zero. I have no use for these devices.