Recent years has seen a spike in the development of wearable technologies that range from monitoring vitals to smartwatches. Expect Apple to dominate the smartwatch segment.
The "Wearable Computing Market Insight" report from Research and Markets says that the wearables market set to explode in the coming years, but smart watches are expected to be the catalyst driving market growth. Apple is expected to be a clear leader in the smartwatch segment after a strong 2015 sales year, says the research group.
Revenue per unit shipped will increase as a result of smartwatches and smartglasses becoming a larger portion of overall shipments. These segments typically carry a higher per unit cost and therefore will increase the overall average, notes Research and Markets.