Market research company Gartner said that throughout 2020, wearable devices such as smart watches and fitness trackers have benefited from the new Coronavirus epidemic. Consumer spending on such devices may continue to rise between 2021 and 2022. Gartner predicts that the total global sales of wearable devices in 2020 will be 69 billion US dollars. This is an increase of 49% over 2019, and this trend may continue for at least a few years.
- Analysts predict that sales of wearable devices in 2021 will reach 81.5 billion U.S. dollars.
- This is an increase of 18.1% over 2020, and may reach 93.9 billion U.S. dollars in 2022.
- According to Gartner, the epidemic is the main factor driving the surge in sales of wearable devices.
- Sales of ear-worn devices such as AirPods have increased by 124% in 2020, reaching 32.7 billion U.S. dollars.
- This is expected to reach 39.2 billion U.S. dollars in 2021.
- Consumer spending increased by US$17.6 billion in 2020 to reach US$21.8 billion.
- It is expected to reach US$25.8 billion in 2021.
- It is believed that this is driven by “a large number of new users entering the market”.
This upgrades will increase battery life and shorten charging times. Sales of wristband trackers have not changed much, with a year-on-year decline of 2.3% in 2020 to $4.98 billion.
The ability of embedded sensors is a decisive factor in the reliability and practicability of wearable products.