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Smart Watch Shipments To Quadruple Per Report

Tuesday, February 24, 2015 5:14:00 AM PDT | VentureDeal
   Boulder, Colorado  --  Market intelligence company Tractica said that smart watches shipments will more than quadruple in 2015.

The firm estimates that global device shipments will reach 24.4 million units, more than four times the 5 million units in 2014.

Numerous industry players have launched their smart watch products, including Motorola, Sony, Samsung and LG.

The Apple Watch, which is slated to launch in April 2015, will be a significant stimulant for consumer awareness and adoption of smart watches.

Tractica said that Apple's entrant is expected to contribute 16.7 million units to be sold in 2015.

By 2020, the firm believes that smart watches will rise to 94.9 million shipments annually, a compound annual growth rate of 71%.

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