Wearables will achieve over 18% growth in 2016, with smartwatches taking the lead for earnings growth potential, Gartner predicts.
Wearable electronic sales will reach 274.6 million units in 2016, predicts Gartner. The group forecasts an 18.4% jump from 232 million units sold in 2015. The market will drive $28.7 billion in revenue in 2016.
Of that total, $11.5 billion will come from smartwatch sales. “Smartwatches have the greatest revenue potential among all wearables through 2019, reaching $17.5 billion,” Gartner research director Angela McIntyre said in a statement.
For the purposes of the report, it should be noted Gartner separates wrist wearables into three categories: smartwatches, wristbands, and sports watches. Researchers also predicted the outlook for head-mounted displays, Bluetooth headsets, and smart garments. Read the full article here