morning traders 6 / 03, page-215

mwr

From a research report which has everyone excited...

"Gartner research has identified a new emerging and fast growing category within the market forsmartwatches – kids’ smartwatches. It is expected that kid’s smartwatches will represent 30% of total smartwatch unit shipments in 2021."

“Smartwatches are on pace to achieve the greatest revenue potential among all wearables through 2021” Gartner Research 2017This equates to substantial growth for a segment that up until recently was not even considered a market category. This identifies a significant market opportunity to create a high quality, well produced and secure smartwatch that can capture mass market share. The kids’ category (30% of total smartwatch sales) is forecasted to have a market size in 2021 of 24 million units (Chart 1) or US$5 billion in sales.