In response, IDC analyst Jitesh Ubrani said that smart watches are so popular because of their health and fitness functions.
In addition, “users are finally starting to accept smart watches that require some of the features of smart watches. In addition to health and fitness applications, mobile payment and messaging applications are also becoming popular. In addition, new cellular network features have attracted a group of users. In addition, users Also looking forward to some other new features, such as music streaming services, etc." Ubrani said.
An RFID smart watch newly developed by Meihe company has not only health and fitness functions, but also contains RFID chips that can have access control, recharge payment, member system management, security and other functions. It integrates all functions and is very popular with customers. Welcome from friends. Large shipments, the main cooperation customers are subway bus companies and membership systems.
In addition, in addition to forecasting data such as the volume of wearable devices this year, IDC also estimated the market share of smart watches in 2022. It is estimated that by 2022, the share of smart watches in the wearable device market will increase from 32.8% this year to 38.8%, and the market share of smart bracelet will be reduced from 36% this year to 22%.
IDC said that in the next five years, the global wearable device market will maintain a compound annual growth rate of 13.4%, and in 2020 shipments will reach 219.4 million units.
For a long time, in the wearable device market, smart bracelets and smart watches have occupied more than half of the market share. It is worth noting that eSIM technology is gradually being deployed as health and fitness functions become more popular. This means that in the future, people will be able to get rid of the constraints of the wearable device on the phone when they are on the phone, and the user experience of wearable devices such as smart watches will be further improved.
