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July 26, 2016

which countries are swallowing up the wearables market

The below chart shows how the wearable devices market is expected to grow in the next 5 years. 2015 compared to 2020 between 2015 and 2020


Asian pacific market will outgrow all other geographies  with 194 million shipments of wearable devices, which includes,Smartwatches, Fitness bands, Apparel trackers and eyewear among others.North America and Western Europe are the next biggest market with shipments of 188 million and 127 million wearble devices  respectively, followed by   Central and Eastern Europe  with 45 million shipments and Latin American with  26 million shipments 

However the  Wearables segment the biggest demand is expected tocome from smartwatches and fitness bands  The biggest market pull  in Wearables will come from Asia pacific regions with China, Singapore and Hong Kong leading the growth for smartwatch and fitness bands adoption which will have the hihest penetration the highest wearble penetration . Smartwatches and smart eyewear and ear tracking devices are likely to see huge growth in Japan and South Korea