Six in 10 smartphone users consider that wearables have uses beyond health and wellness, a new report has said, adding that devices related to personal safety and security such as panic buttons and personal locators get the most interest. Swedish telecom giant Ericsson in its ConsumerLab report on ‘Wearable technology and the Internet of things‘ said that consumers predict a booming wearables market beyond 2020. Also Read - Apple led the growing wearable pack in Q4 2020, Xiaomi followedAlso Read - Garmin Venu SQ series of smartwatches launched in India: Price, availability, features
The report said: “Wearables might replace smartphones and will help consumers interact with physical things and objects in the Internet of Things (IoT) era.” Although the ownership of wearables among smartphone users in the surveyed markets has doubled in the past year but it will take at least another year for the current generation of wearables to go mainstream.
“A more diverse set of wearables, such as personal safety devices and smart garments, will go mainstream beyond 2020 — but when they do, a booming market can be expected,” the report said.
Also, 38 percent of smartphone users said wearables would be used to perform most smartphone functions within just five years.
Back in May, IDC came out with the global shipments of wearables like fitness trackers and smart watches and said that the market grew by 67.2 percent to 19.7 million units in the first quarter of 2016, impacted by more products hitting the market and price reductions. Around 11.8 million units were shipped in the same quarter of last year, the report by research firm IDC said. Fitbit continues to dominate the wearable space.
With additional inputs