November 2017

Worldwide wearable device sales to grow 17 percent in 2017

Market intelligence firm Gartner, Inc. forecasts that 310.4 million wearable devices will be sold worldwide in 2017, an increase of 16.7 percent from 2016 (see Table 1). Sales of wearable devices will generate revenue of $30.5 billion in 2017. Of that, $9.3 billion will be from smartwatches.

In 2017, 41.5 million smartwatches will be sold, reaching a revenue of $17.4 billion. They are on pace to account for the highest unit sales of all wearable device form factors from 2019 to 2021, aside from Bluetooth headsets. By 2021, sales of smartwatches are estimated to total nearly 81 million units, representing 16 percent of total wearable device sales.Revenue from smartwatches is bolstered by relatively stable average selling prices (ASPs) of Apple Watch.

Table 1 shows the (predicted) amount of sales for wearable devices.

Device

2016

2017

2018

2021

Smartwatch

34.80

41.50

48.20

80.96

Head-mounted display

16.09

22.01

28.28

67.17

Body-worn camera

0.17

1.05

1.59

5.62

Bluetooth headset

128.50

150.00

168.00

206.00

Wristband

34.97

44.10

48.84

63.86

Sports watch

21.23

21.43

21.65

22.31

Other fitness monitor

30.12

30.28

30.97

58.73

Total

265.88

310.37

347.53

504.65

Table 1: Forecast for Wearable Devices Worldwide 2016-2018 and 2021 (Millions of Units)
Source: Gartner (August 2017)

www.gartner.com