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Wearable devices will continue to gain popularity in 2021 – the market size will exceed $ 80 billion
Gartner Reveals Global Wearable Market Forecast for Current and Next Years: Analysts Expect Industry to Continue Strong Growth.
The data presented takes into account shipments of various types of smartwatches, fitness bracelets, wearable displays, wireless headphones and headsets, as well as gadgets that are attached to clothes.
Last year, according to estimates of Gartner experts, the market volume in monetary terms was approximately $ 69.0 billion. For comparison: in 2021, this figure was equal to $ 46.2 billion. Thus, the growth was about 50%.
This year, according to experts, the pace of market development will slow down to 18.1%. As a result, by the end of 2021, sales will be at the level of $ 81.5 billion. The bulk of sales will be made up of headphones and headsets ($ 39.2 billion), as well as smart wristwatches ($ 25.8 billion).
In 2022, according to analysts Gartner, the global market for wearable devices will demonstrate 15 percent growth. Thanks to this, its size in monetary terms will reach $ 93.9 billion.