[Numbers] The wearable market will double by 2021

by bold-lichterman

  • 125.5 million activity trackers will be sold globally in 2017, according to IDC data. This is 20.4% more than in 2016.
  • In 2021, more than 240 million wearables will be shipped worldwide, an annual growth rate of 18.2% over 5 years.
  • Connected watches will represent more than two thirds of the market.

The wearables market, these activity trackers that you wear on your body or that are present in clothes, is booming. After an 18% increase in shipments observed in the first quarter, the number of trackers shipped is expected to increase by 20.4% over the year as a whole, to reach 125.5 million units, according to the IDC estimates.

And the market should continue to grow at a sustained pace over the next 5 years, according to the American analyst firm. By 2021, the number of wearables shipped worldwide will increase at a rate of 18.2% per year, and will exceed 240 million units.

In terms of products, smartwatches, which represent 57% of trackers shipped in 2017, are expected to dominate the market. In 2021, more than 2 out of 3 wearables shipped will be connected watches.

Connected bracelets, which account for 37.9% of shipments this year, will lose ground to represent “only” 21.7% of the market in 5 years. Finally, smart clothing, which is in its infancy with 2.6% market share in 2017, should account for 9% of shipments in 2021.

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Read also: Xiaomi, Apple, Fitbit: how many wearables did they sell in the first quarter?

Photo credit: Pixabay