According to the latest market study by Gartner, 274.6 million wearable electronic devices will be sold worldwide in 2016 -- that's an increase of 18.4 percent from 232.0 million units sold in 2015. Wearables will generate revenue of $28.7 billion in 2016, $11.5 billion of that total will be from smartwatches. "From 2015 through 2017, smartwatch adoption will have 48 percent growth largely due to Apple popularizing wearables as a lifestyle trend. Smartwatches have the greatest revenue potential among all wearables through 2019, reaching $17.5 billion," said Angela McIntyre, research director at Gartner . However, although Gartner believes that smartwatches are likely to be one of the popular types of wearables, their adoption is unlikely to reach mainstream status, in the same way that smartphones have achieved globally. Market Development Trends for Wearables Fitness wearables -- which include wristbands, smart garments, chest straps, sports watches and other fit...
TMT Market Research and Analysis