Gartner predicts that worldwide end-user spending on wearable devices will total $52 billion in 2020 – an increase of 27% on the expected $41-billion spend in 2019.<\/p>\n
Gartner said that many new users are entering the wearables market, while the devices are also seeing improved sensor accuracy, advances in miniaturisation, and better user data protection.<\/p>\n
Smartwatches and smart clothing spending will see the biggest increase, said Gartner, with spend on these product types increasing by 34% and 52% respectively.<\/p>\n
\u201cMore users coming into the smartwatch segment are replacing wristbands with smartwatches,\u201d said Ranjit Atwal, senior research director at Gartner.<\/p>\n
\u201cWhile brand leaders, Apple Watch and Samsung Galaxy Watch command premium pricing in the smartwatch segment, lower-priced players such as Xiaomi and Huawei will counterbalance high-priced smartwatches with lower cost smartwatches.”<\/p>\n
Atwal said that Gartner expects the average selling prices of smartwatches to decline 4.5% between 2020 and 2021.<\/p>\n
Smartwatches and ear-worn devices are expected to be the most popular wearable devices in 2020, with predicted shipment totals of 86 million and 70 million units respectively.<\/p>\n
Gartner added that the ear-worn wearable market remains competitive due to products from various tech companies, including Apple, Samsung, Xiaomi, and Amazon.<\/p>\n
Data from Gartner highlighting worldwide wearable device spend can be viewed below.<\/p>\n