The global wearable device market is forecast to grow a healthy +272% between 2016 and 2022. Fitbit and Xiaomi, in what has essentially become a duopoly over the high and low ends of fitness band market, have for now staved off the encroachment of smartwatches. While this has granted additional staying power to fitness bands, which we forecast to remain the leading wearable device type through 2018, we ultimately believe betting long term on fitness bands is akin to betting on featurephones a decade ago. Our report also now breaks out Hearables as a device type from 2016 as well as providing a global forecast by REGION for wearable shipments by device category, covering the 2012 to 2022 period. It is a valuable tool for companies tracking and sizing the wearable technology market.
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