The growing popularity of smartwatches and greater wearables adoption in emerging markets will combine to produce a five-year CAGR of 11.0% with shipments jumping to 189.9 million units in 2022.
Fitbit’s latest devices, including the Versa, Charge 3, and the Ace, helped the company slow its decline compared to previous quarters. In particular, the success of the Versa has allowed the company to once again become the second largest smartwatch vendor.
By 2022, ear-worn devices (?hearables?) shipments will take over as the top wearables segment with 158 million units shipped compared with 115 million smartwatch shipments
Apple maintained its position atop the wearables market with market-beating growth and continued demand for its LTE-enabled Watch.
ABI Research forecasts that sports, fitness, and wellness trackers will be dominated by Linux and proprietary operating systems between 2018 and 2023, making up 53% and 38% of the market respectively in 2018, with Android-based OSs completing the lineup.