In 2021, the global market share of Kid's smart watches will grow up to 30% of the total sales of smart watches.
Gartner, the world's most authoritative IT research and consulting agency, said the new technology of Bluetooth headsets and earpieces have pushed the wearable market to a new level. Especially the smart watches market.
According to the company's calculations, the global sales of wearable devices are currently 310 million, while the Bluetooth audio devices sales are 150 million. By 2021, the market for wearable devices will reach up to 504 million units, and Bluetooth audio devices will reach up to 206 million pieces.
The most profitable wearable devices are still the smart watches industry, which market sales will reach up to $17.4 billion in 2021.
“The average US retail price for smart watches will fall from $223.25 in 2017 to $214.99 in 2021. High prices will cause a slight drop in manufacturing costs. However, the prices of high-end brands such as Apple and Fossil will remain the same. "Gartner research director Angela McIntyre said.
The wearable device market continues to grow rapidly, and Kid's smart watches are growing much faster.
Gartner predicts that the market share of Apple's smart watches will change from 1/3 in 2016 to 1/4 in 2021. In 2021, the sales of Kid's smart watches will get of 30% total sales of smart watches.
“These devices are aimed at 3-12 years old kids. Generally, Kids of this age don’t have a smart phone,” Gartner said. So the kid’s smart watches will be the best unit for kids
In 2017-2021, the total sales of smart watches will double, from 41.5 million to 81 million, and kid’s smart watches total sales will reach up to 30% of all smart watches market.
The helmet-mounted display is still a niche product for the player, and sometimes it appears in some repair stores.
In the survey of early August, Strategy Analytics said that Xiaomi has surpassed Fitbit and Apple to become the world's largest supplier of wearable devices.
"Millet's Mi Band fitness tracker is very popular in China because of its ultra-low price and powerful features, such as heart rate detectors, pedometers, and schedule reminders," said Neil Mawston, executive director of Strategy Analytics.
In the past year, Fitbit's market share has dropped from 28.5% to 15.7%, and product sales have decreased from 5.7 million in Q2 in 2016 to 3.4 million in Q2 in 2017. But global kids smart watches market has increased from 16.8% to 25.3%. That means kids smart watches market has bigger potential than other smart watches.
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