A recent GlobalData survey confirms that the wearables market will see growth rates of up to 137% in 2024.
ΤData from market research conducted in recent months show that the boom in the category of high-tech hand-worn devices is a given, even if many times the picture is slightly different in special years, such as this year, due to the pandemic.
The market value of wearables was $ 27 billion in 2019, according to -always- according to GlobalData data, but it is estimated that it will reach $ 64 billion in 2024.
The data for 2020 show that the economic impact of the pandemic will affect this market as well, but from the beginning of 2021 it is estimated that the first signs of recovery will appear, which will continue until 2024, at an increasing rate. The market for smartwatches is estimated to be the driver of this development, although the consumer public is convinced that a smartwatch does not offer much more than a smartphone.
This belief is expected to change in the near future, while the new features that are expected to be added to the operation of smartwatches, combined with improved performance in terms of autonomy and functionality will be the springboard for the development of wearable devices in the near future. .
Many medical devices, as well as hand-worn fitness solutions continue to attract the interest of the consumer public, even in a period of reduced consumption, such as the one we are going through with the pandemic.
At the moment, sales of smartwatches are declining, but this is a situation that is estimated to change soon. In any case, wearables have auspicious future ahead of them.
[the_ad_group id = ”966 ″]
ΜDo not forget to join (register) in our forum, which can be done very easily by the following button…
(If you already have an account in our forum you do not need to follow the registration link)
Follow us on Telegram!
