Although wearing a wristwatch is still an everyday habit for many, smartphones' convenient display of time has made standard watches obsolete for many young consumers. Smartwatches, which allow information from synchronized smartphones to be instantly and conveniently accessible to the wearer, may once again make wearing a device on the wrist a commonplace occurrence for all age groups.
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
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