User demand for wearable devices has distinct demographic segments. Age, income, and gender vary greatly among fitness tracker and smartwatch owners, according to the latest American market study by NPD Group. Purpose-built fitness trackers, which have a strong presence in the wearables market, have gained a large mainstream following. According to their study, 36 percent of fitness tracker owners in the U.S. market are 35-54 years old, 41 percent had an average income of more than $100,000, and 54 percent were women. Moreover, one-in-ten U.S. adults now own a fitness tracker. Smartwatches haven’t caught on as quickly, with only two percent penetration, and appeal to a much different segment of the market. More than two-thirds (69 percent) of smartwatch owners are 18-34 years old, skew mostly towards the male population (71 percent) and nearly half (48 percent) had an income below $45,000. "There is no average consumer for the wearables market; the fitness tracker a...
TMT Market Research and Analysis