People’s Wearables: Panic Button, Smartwatch, Location Tracker, Identity Authenticator And Water Purifier

People's-Wearable:-Panic-Button,-Smartwatch,-Location-Tracker,-Identity-Authenticator-And-Water-PurifierIn the new Ericsson ConsumerLab report, five most-wanted wearables across five markets are panic/SOS button, smartwatch, location tracker, identity authenticator and water purifier.

In addition to the top five most-wanted wearables, consumers predict a booming wearables market beyond 2020. Apart from this, the wearables might replace smartphones and will help consumers interact with physical things and objects in the Internet of Things (IoT) era.

Ownership of wearables among smartphone users in the surveyed markets has doubled in the past year. However, consumers predict it will take at least another year for the current generation of wearables to go mainstream.

Top Five Most Wanted Wearables Across Five Markets
Wearables – %age Interested & Willing To Buy
Panic/SOS button – 32%
Smartwatch – 28%
Location Tracker – 27%
Identity Authenticator – 25%
Water Purifier – 24%
Source: Ericsson ConsumerLab Report

A more diverse set of wearables, such as personal safety devices and smart garments, will go mainstream beyond 2020 – but when they do, a booming market can be expected. One in three smartphone users believe they will use at least five connected wearables beyond 2020.

The integration of smartphones into every aspect of daily life makes it hard to envisage a future without them. But with two in five (43%) smartphone users expecting wearables might replace smartphones, this could indeed happen – although it may take some time.

As wearables get smarter and more independent in terms of factors such as connectivity, the smartphone screen may become less significant. 38 percent of smartphone users say wearables will be used to perform most smartphone functions within just five years.

Jasmeet Singh Sethi, expert, Consumer Insight, Ericsson ConsumerLab said, “Early signs of detachment from smartphones are visible today with 40 percent of today’s smartwatch users already interacting less with their smartphones.”

Wearable technology will also accelerate the convergence of the digital and human worlds, by bringing people into the (IoT). While consumers are confident that wearable technology will help them interact with objects in their surroundings, they also say that this technology may not necessarily be devices. Already today, 25 percent of smartwatch owners use their smartwatch to remotely control other digital devices at home, and 30 percent use voice search on their smartwatches.

The report captures the opinions of 5,000 smartphone users (of which 2,500 are wearable users) in Brazil, China, South Korea, the UK and the US, representing the views of 280 million smartphone users globally.

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