Shipments of connected wearables will reach 19 million by the end of the year, impressive growth from 5.9 million devices in 2013, according to Berg Insight. Smartwatches, smart glasses, fitness & activity trackers, people monitoring and safety devices will see a 54.7 percent compound annual growth rate and reach 168.2 million units in 2019.
Bluetooth will be the No. 1 connectivity option, but embedded cellular connectivity will increase, largely in part to smartwatches and people monitoring and safety products. Smart wearables are going to greatly increase as the Apple Watch hits the market in 2015, introducing new consumers to the booming market.
"This product category is now facing fierce competition from smartwatches that have activity tracking features," said Johan Svanberg, Berg Insight Senior Analyst, in a press statement. "Decreasing prices and new form factors will still enable dedicated fitness & activity trackers to reach shipments of 42 million units in 2019."