2020 wearable technology market value is expected to reach 34 billion US dollars

According to the company’s forecast, the wearable industry will reach US$14 billion this year, and wrist wear devices including smart watches and wristbands will continue to dominate. It is estimated that in the next year, these wrist wearable devices will account for half of the sales of wearable devices, and the total shipments will reach 60 million, of which smart watches will account for half of the shipments.



Ben Wood, chief research officer at CCS Insight, commented: "Given consumers' pursuit of smartphones, it's no wonder why so many companies tap into the opportunities for wearable devices. We're excited to see augmented reality devices (ARs) and virtual reality devices (VRs). With unlimited development potential, it is expected that 2016 will be a crucial one.



The market size of AR and VR equipment is expected to reach US$14.5 billion by the end of 2016, an increase of 15% from the current stage.


CCS claims that it sold 5 million VR headsets last year, mainly based on low-end mobile VR headsets, such as Google's Cardboard device and Samsung's Gear VR. It said that 96 million VR headsets will be sold by 2020 and it is expected that Oculus Rift, PlayStation VR and HTC Vive will dominate the market.

The market size of AR equipment will reach 1 billion U.S. dollars by 2017. At present, Google Glass is the most high-end device in the field. It is expected that Microsoft's HoloLens headphones will also occupy a place. In addition, AR and VR devices will reach 24 million units in 2018.


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