According to fresh estimates coming from analytics firm IDC, the wearables market is set to grow approximately 173% this year as shipments increase from 26.4 million in 2014 to an estimated 72.1 million worldwide for 2015. The company said the following in a recent press release:
“Smart wearables like the Apple Watch and Micosoft’s Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers…Android Wear, Tizen, and WatchOS are moving ahead with improved user interfaces, user experiences, and applications. These will raise the expectations of what a smart wearable can do, and each platform is vying for best-in-class status. We’re not there yet, but we’re seeing the building blocks of what is to come.”
The estimate refers to both “basic wearables” and “smart wearables,” thus including wrist wear, eyewear, modular, clothing, ear wear, fitness trackers, glasses, and other wearable accessories, and not just the smartwatch category.
According to the forecast, the Apple Watch is expected to take nearly two-thirds of the smartwatch market for all of 2015.