The one thing most observers seem to agree is that the new devices won’t be any smarter at telling time and that won’t be the primary reason for buying them.
But they will bought – in the millions. Tech analysis firm Juniper Research predicts app-enabled smart watch shipments will reach a whopping 38 million per year by 2018.
That compares to just over 1 million smart watch devices expected to ship this year.
The smart watch charge will be led by two of the biggest providers of mobile devices today, Apple and Samsung, who have both applied for trademarks (iWatch and Galaxy Gear respectively) and patents that leave little doubt they plan to enter the smart watch fray.
Juniper analyst Nitin Bhas says he expects Apple and Samsung will help to validate the smart watch category and inspire other competitors to enter the space.
“In addition, being a key influencer, these player’s entry into the smart watch segment will benefit existing smart watch players – providing an increase in awareness and adoption of other wearable devices,” Bhas said in a report.
(Mobile app development and app strategy will be the focus of sessions at the upcoming TabletBiz conference and expo in New York on November 13, 2013).
Opportunities for app developers
Juniper says these multi-function smart watches will be able to perform an array of additional functionalities such as tracking fitness and sports activities, payments or ticketing.
And as we’ve seen with tablets, expect the emergence of smart watches to open up significant opportunities for app developers, in this case across the health, fitness, sports and communications segments.
Juniper also projects that app-enabled mobile wireless accessory shipments will approach 170 million units by 2018
Smartphones, tablets rule
Still, 38 million in annual shipments for smart watches is but a fraction of the hundreds of millions of smartphones and tablets that will ship annually and Juniper expects smart watches will only appeal to a niche demographic.
Also, just as tablets primarily augment notebooks, smart watches may well turn out to be one more computing device we carry with us rather than displace any that will continue to be used. They will also likely connect to the Internet and other devices.
Smart watches are but one of a number of so-called wearable devices (e.g. Google Glass) that market research firms and industry observers expect to gain in popularity in the next several years.