Wearable tech continues to gather pace, building an ecosystem of connected devices and capturing consumer attention to the tune of $108 billion by 2023, according to a new industry report from Futuresource Consulting.
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Global wearable device shipments grew 85.2% in the second quarter of 2019 (2Q19) as shipments totaled 67.7 million units according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Earworn devices (hearables) were among the fastest growing categories, capturing 46.9% of the overall wearables market during the quarter, up from 24.8% a year ago. Driving that growth was a slew of new products and consumers who purchased their second wearable, a hearable, to use in parallel with existing watches or wrist bands.
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A new study from Juniper Research has found that there will be 8 billion digital voice assistants in use by 2023, up from an estimated 2.5 billion at the end of 2018.
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The market for specialized fitness wearables integrated into clothing and ear-based “hearables” will grow from an expected 4.5 million shipped in 2018 to nearly 30 million in 2022, an increase of more than 550 percent, Juniper Research forecasts.
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