The smartwatch market is still in its infancy, and a variety of vendors have recently launched new products, many of which function with both iOS and Android smartphones. iGR believes that as the market matures, more smartwatches will be built exclusively for a particular platform. iGR estimates that total smartwatch sales will grow at a CAGR of almost 195 percent between 2012 and 2017, but sales of devices that function on both iOS and Android will only grow at a CAGR of 48 percent.
"iGR expects that the smartwatch market in the U.S. will grow significantly, as the smartphone market matures and slows," said
iGR's new market research report, U.S. Mobile Wearable Devices Forecast, 2012 - 2017, defines three groups of wearable devices: smartwatches, fitness and health tracking devices, and smart glasses. It provides results from iGR's latest survey of U.S. consumers, which quantified consumers' familiarity with, interest in, and current use of these devices. The report includes a five-year forecast for the sales of both fitness and health tracking devices and smartwatches. Finally, it includes profiles of dozens of companies that provide products in these developing markets.
The following key questions are addressed in the new research study:
•What types of wearable devices are currently being used? •What percentage of U.S. consumers are currently using heart monitors, pedometers, fitness and exercise trackers and smartwatches? •What percentage of U.S. consumers are currently using fitness-related smartphone apps? Why do they use these apps and how much did they spend on the app? •What types of activities are U.S. consumers interested in monitoring? •What percentage of U.S. consumers are interested in purchasing a fitness and health tracking device and what features would they require in such a device? •How much are consumers willing to spend on fitness and health tracking devices and how does that price compare to the current average sales price? •How interested are consumers in smartwatches and what are their concerns? •How interested are Apple and Android users in a smartwatch developed by Apple or Samsung? •How interested are consumers in Google Glass and what are their concerns? •What is the five-year forecast for fitness and healthcare devices and smartwatches? •Which companies are currently providing fitness and healthcare tracking devices, smartwatches and smart glasses? •What demographic trends are apparent in U.S. consumers' use of and interest in wearable devices?
The information in this report will be valuable for:
•Developers of mobile apps •Mobile device OEMs •Wearable device OEMs •Mobile service providers •Semiconductor manufacturers •Financial and investment analysts.
The new report can be purchased and downloaded directly from iGR's website at www.iGR-inc.com. Alternatively, contact
iGR is a market strategy consultancy focused on the wireless and mobile communications industry. Founded by
iGR researches a range of wireless and mobile products and technologies, including: smartphones; tablets; mobile applications; bandwidth demand and use; small cell architectures; DAS; LTE; VoLTE; IMS; NFC; GSM/GPRS/UMTS/HSPA; CDMA 1x/EV-DO; iDEN; SIP; macro-, pico- and femtocells; mobile backhaul; WiFi and WiFi offload; and SIM and UICC.
A more complete profile of the company can be found at www.igr-inc.com.
Iain Gillott(512) 263-5682 Email Contact