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
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WHICH NATONS ARE DEVOURING UP THE WEARABLES MARKET |
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 |
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