According to Strategy Analytics'
WDE (Wearables) service,
the global wearable device market will grow a healthy +221% between 2016 and 2022, averaging a sustained healthy 20-30% growth each of the next 6 years. Fitbit and Xiaomi, via what has essentially become a duopoly over the fitness band market, have for now staved off the encroachment of smartwatches, granting some additional staying power for fitness bands. Fitness bands are forecasted to remain the device type leader among wearable tech until 2019. Our extensive report -
available to clients here - now breaks out Hearables and Feature Watches as device types starting 2016 and provides a global forecast by REGION for the wearables market by device category, covering the 2012 to 2022 period.