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PE Now Q&A: Funxion Wear CEO Dr. Raj Bhakta

Dr. Bhakta discusses the wearables market, its growth areas and the future.

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By: Anthony Locicero

Copy editor, New York Post

The global wearables market is expected to be worth more than $67 billion by 2024, according to Market Watch.   In December 2019, the global market for wearables was on track to ship 305.2 million units, up 71.4% from the 178 million units shipped in 2018, the International Data Corporation (IDC) reported.   From there, total volumes will grow to 489.1 million units in 2023, resulting in a compound annual growth rate of 22.4%, according to IDC.    “Wearables encompasses all the...

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