A total of over 72 million wearable devices will be shipped in 2015, an increase of a whopping 173.3% when compared to the 26.4 million units shipped last year, according to a latest report from market research firm IDC.
"The demand for basic wearables, those that do not run third party apps, has been absolutely astounding," said Jitesh Ubrani, senior research analyst, Worldwide Mobile Device Trackers. "Vendors like Fitbit and Xiaomi have helped propel the market with their sub-$100 bands, and IDC expects this momentum will continue throughout 2015."
He added that smart wearables are expected to take the lead next year. "Smart wearables like the Apple Watch and Micosoft's Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers."
The report also expects that shipment volumes will cross the 155 million mark in 2019, which translates into a compound annual growth rate of 42.6% over the five-year period.