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Taiwanese Wrist Wearable Industry to Register Double-digit Growth in 2017

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Published on : Apr 07, 2017

Albany, New York, April 07, 2017: The report includes historical data spanning from the first quarter of 2016 and forecast data till the fourth quarter of 2017. The report is titled “The Taiwanese Wrist Wearable Industry, 1Q 2017.”

As wearable devices keep up with their excellent growth prospects and continue to expand their horizons of potential applications across areas such as consumer electronics, medical devices, and mobile computing, their market is witnessing an increasing number of new vendors and a vast number of new product varieties. The industry for wrist wearable in Taiwan, a country with a population of 23.5 mn according to 2016 reports and a developed economy with per capita GDPs among the world’s highest, is embarking upon a high growth path.

The report presents a detailed overview of trends, key players, key product varieties, key display types, key shipment destinations, and key production destinations concerning wrist wearables in the country.  The report states that the shipment volume of wrist wearables in the country was 13.3 mn units in the fourth quarter of 2016, a rise of nearly 60% sequentially. The immense rise in consumption of wrist wearables in the country can be chiefly attributed to the seasonal rise in demand for smartbands and smartwatches towards the end of the year. During the same period, shipment values increased by 93% sequentially, rising to USD15.59 bn, while the average selling price of products jumped by 18%.

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Following the peak season, the shipment volume of wrist wearables is likely to have considerable declined in the first quarter of 2017. Nevertheless, the report states that the Taiwanese industry for wrist wearables will continue to exhibit a double-digit growth in terms of value and shipment volume in 2017 as compared to the previous year. Leading companies such as Fitbit, Garmin, and Apple are looking forward to strengthening their foothold in the country by developing better distribution channels and expanding across regional markets.

The report presents vast data pertaining to the present state of growth, analyzes the growth in the recent quarter, and forecasts the growth prospects in terms of shipment value, shipment volume, and average selling price. The report also presents a detailed analysis of profiles of some of the key manufacturers of wrist wearables in the market in terms of shipment volume breakdown by smartband and smartwatch, production location, display type, and shipment destination.

The vast market data included in the report is based on primary data gathered with the help of interviews with market players and Taiwanese wrist wearable makers.

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