What is the expected market size for wearable gadgets by 2018?

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The projected market size for wearable gadgets is expected to reach 200 million devices by 2018.

Sales of wrist-wearable gadgets are anticipated to grow significantly, from approximately 26 million devices in the previous year to as many as 200 million devices by 2018. This expansion suggests that the wearable technology market could eventually represent nearly half of the units sold for traditional watches.
Growing Market Potential

The overall market for wrist-wearable gadgets is experiencing substantial growth. Projections indicate a substantial increase in device sales, moving from around 26 million units last year to a potential 200 million devices by the year 2018. This trend positions wearable technology as a significant segment within the broader watch industry.
Competition with Traditional Watches

While the wearable market is expanding, it is acknowledged that not all consumers will transition from traditional watches to wearable devices. Many individuals continue to wear traditional watches for reasons of fashion and status, suggesting that a complete replacement of existing watch ownership by wearable technology is not necessarily expected.
Consumer Perceptions of New Devices

Initial reactions to new wearable devices, such as Apple's smartwatch, indicate a mixed reception, particularly concerning design and appeal to female consumers. Some analyses suggest that the functionality and aesthetic of certain devices may be perceived as more suited to a "geeky" or male demographic, potentially impacting broader market adoption.
Device Functionality and User Needs

The functionality of wearable gadgets, including health and fitness tracking, is a key feature. However, consumer needs vary, with some users prioritizing traditional watch functions like simply telling time. The integration of technology into everyday accessories also raises considerations about user interface and the ability to interact with other devices, such as smartphones.

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What is the expected market size for wearable gadgets by 2018?

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