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Apple likely to dominate wearables market in the next four years

By Bryan Chan & Cookie Monster - on 19 Mar 2016, 12:01am

Apple likely to dominate wearables market in the next four years

 

Apple will continue to lead the smartwatch market for the next four years, according to estimates from research firm IDC. While Apple's WatchOS is expected to experience some slowdown in the early part of this year, the launch of the Apple Watch 2 in the second half of the year will help Apple extend its lead.

For 2016, Apple is estimated to sell 14 million smartwatches which translates to a market share of 49.4 percent. Google's Android Wear will account for 21.4 percent of the market share while Samsung's Tizen OS will have 11.3 percent. As the list of partners and platform grows, IDC expects Android Wear to hit 35 percent market share by 2020, just a notch below Apple's lead of 37.6 percent. Tizen will see its share dropped to 6.6 percent.

Overall, smartwatches will only account for a quarter of all wearables in 2016 and will grow to about a third by 2020. Jitesh Ubrani, Senior Research Analyst for IDC Mobile Device Trackers, claims that it's time for classic watch makers  to start thinking about smarter watches - traditional watches with fitness or sleep tracking features and are unable to run apps. These smarter watches have the potential to make technology invisible while integrating themselves in the lives of consumers.

Source: IDC via PhoneArena