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You are here: Home / Trends / Researchers Say Wearables Market Worth $8B Today

Researchers Say Wearables Market Worth $8B Today

December 3, 2013 By Dan Rosenbaum

We’ve all seen research reports with blue-sky hockey-stick graphs saying that the wearables market will be worth eleventy-gazillion dollars in 2018. But here’s a sober look that puts a size on the market today: $8 billion, with most of it on your wrist.

Futuresource says fitness devices currently make up about 97 percent of the wearables market — a proportion that will drop as segments such as eyewear begin to hit the market. (Google Glass is set for commercial introduction in 2014, for instance.) The company expects fewer than a million eyewear units to be sold in 2014, rising to nearly 7 million in 2017.

Total 2017 wearables market estimation? A believable $20 billion, if major consumer electronic brands enter the market by 2015, as seems likely.

 

Last updated by Dan Rosenbaum on December 3, 2013.

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Filed Under: Trends Tagged With: futuresource, market research

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