Smartwatches are expected to become even bigger in 2016 as shipments reach 110 million by the end of the year — and Apple Watch is likely to account for half of them, according to IDC. By 2019, smartwatch shipments are expected to surpass 200 million units.
This rapid increase is being attributed to “an expanding lineup of vendors combined with fast-growing consumer awareness and demand,” says IDC. “The market will also be driven forward by the proliferation of new and different wearable products.”
If smartwatch shipments reach 110 million units by the end of 2016, then they will have grown an impressive 38.2 percent over 2015. Other smart wearables, such as clothing, eyewear, and “hearables” are expected to reach 9.8 million shipments.
As for Apple Watch and its watchOS platform, it is likely to see “some slowdown” in early 2016 as fans await a refresh. But “with newer hardware and an evolving ecosystem, Apple will remain the smartwatch leader through the majority of the forecast,” IDC adds.
Apple Watch is expected to hold a 49.4 percent share of the smartwatch market by the end of the year, following by Android Wear with just 21.4 percent. However, IDC expects that gap to close by 2020, when watchOS will hold 37.6 percent, and Android Wear will hold 35 percent.
It’s likely we’ll be waiting a while for new Apple Watch hardware, too. Recent reports have claimed Apple might announce new Apple Watch bands during its keynote on Monday, but sources say the Watch itself won’t be updated until the fall, alongside the iPhone 7.
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