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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: 2) by unzombied on Monday November 02 2015, @06:53PM

    by unzombied (4572) on Monday November 02 2015, @06:53PM (#257633)
    Winston: item - "treble" - Replace all non-musical references with "triple." Delete all definitons except musical. Modern dictionary is nearly 1 whole word thinner, this is a good day. "Treble" and "bass" expected to be merged into "scale" next year. --BB
    Starting Score:    1  point
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