So, is everyone after smart wearables? After the proliferation of smart mobile devices - smart phones, tablets and phablets - smart wearables are expected to create huge waves in the consumer market, especially among technology savvy consumers who would like smart gagdets to facilite and manage their daily concerns, from household management to pets to healthcare.
TECHanalysis also said that US leads the market in terms of adoption of wearables, which comprise of 'head-worn'. 'wrist-worn', 'war-worn', 'finger-worn' and 'others' sub-segments. US is expected to generate 81% of the total revenues this year, though with the trend catching up in other regions, this share will eventually drop to 54% by 2018. With this growth prediction,we can expect more people to start experimenting with these smart wearables - watches, bracelets, headsets, rings, glasses and even pins that intelligently send/receive data and communicate the information via small display screens - and in a few years, these may become more common sight everywhere.
“The biggest opportunity both in the near-term and in the longer term is for the wrist-worn categories: smart bracelets and smart watches. Consumers have already shown a proclivity to activity-tracking smart bracelets and with all the current and future development focused on smart watches, that category will also play an important role. Head-worn wearables, like Google Glass, on the other hand, are likely to disappoint as high price points, privacy concerns, and long-term wearable comfort issues will keep the category in the niche realm.”
- Bob O'Donnel, Founder and Chief Analyst, TECHnalysis
