Worldwide Wearable Shipments Will Reach 344 Million by the End of 2022

Demand for wearables and accessories slowed during 2021 due to economic and geopolitical factors impacting consumer's priorities. Despite this decline, global technology intelligence firm ABI Research expects continuous growth until 2027. More than 300 million wearables devices were shipped by the end of 2021 and will reach around 344 million by the end of this year. Additionally, more than 650 million of these devices are expected to be shipped worldwide by 2027, a CAGR of 13.2% between 2022 and 2027.

NXP Semiconductors has announced that it now offers beta Ultra-Wideband (UWB) development tools from its NXP Trimension portfolio that interoperate with the U1 chip in supported Apple products. The beta development tools will allow developers to kick-start the design of innovative applications that interact with UWB enabled Apple products including iPhone and Apple Watch, unleashing the ability to create more precise, directionally aware app experiences.