Global Smartwatch Shipments to Reach 66 Million Units in 2022, Says Futuresource
Futuresource Consulting sees global smartwatch shipments rising 43 percent this year to 33 million units, after a 47 percent increase in shipments in 2018's first half, it reported Thursday. Its long-term forecast is for shipments to double to 66 million…
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units in 2022, it said. Consumers are “now more receptive” to the benefits of owning a smartwatch, and this is “driving first time purchases and upgrades from activity trackers, sport watches and other basic wearable technology,” said Futuresource. It forecasts a shift in buying patterns toward higher-end devices, it said. The “convergence” of fitness, communication and productivity features is driving smartwatch sales, but “independent LTE connectivity is expected to bring a new wave of smartwatch adoption, as consumers reap the benefits of standalone devices,” it said.