Proof Point
Global wearable devices shipments forecasted to grow 20% annually, reaching 213 million units by 2020
Global Wearable Devices Shipments
2015 – 2020F (million units)
Proof Point Findings
- Wearables – Devices worn such as watches, wristband, eyewear and clothing connecting to network or other network-connected devices enabling functionalities like health and fitness monitoring, entertainment, data transfers, and virtual or augmented reality
- Strong Wearable Growth — Expected to almost triple shipments by 2020, reaching more than 213 million units from 79 million in 2015
- Shifting Device Mix — Watches projected to make up more than 50% of shipments in 2020 from just 40% in 2015, while fitness wristband share estimated to decline from 50% in 2015 to 29% in 2020
- Exponential New Segments Growth — Eyewear and clothing expected to grow rapidly at annual rates of 201% and 63% over the next five years, respectively
- Key Growth Drivers — Include network connectivity, new form factors, and expanding applications and capabilities that bring new experiences and customer value
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Accelerator |
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Sector |
Information Technology
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Source |
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Date Last Updated |
March 14, 2017
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