iWatch could start wearable technology boom, say analysts

Market for smart watches and trackers predicted to hit 485m devices by 2018

The market for smart watches and trackers is predicted to hit 485m devices by 2018 with Apple's rumoured iWatch being among those products considered

The market for wearable technology is predicted to grow to nearly 485m devices within the next five years a report has claimed, with the Apple iWatch expected to provide a huge boost in demand.

Figures from ABI Research predict that shipments of devices like smart activity trackers from Nike and Fitbit will hit 485 million by 2018. Smart watches – such as Apple’s rumoured iWatch – and the Pebble are expected to make up a large chunk of that figure.

According to Josh Flood, senior analyst at ABI Research, current devices are seen as trendy and stylish, and this is unlikely to change. “The furor about wearable technologies, particularly smart watches and smart glasses is unsurprising,” says Flood.

He predicts Apple’s device is likely to shape the future of the market. “Apple's curved glass-based watch could prove to be a revelation in the wearable technologies market.

“The major question is whether the digital time piece will act as a complimentary device to the company's iPhone smartphones, or as a standalone product with other functionalities like health or activity tracking capabilities," he adds