The arrival of the Apple Watch this year will instigate a “frenzy of demand” for wearable technology leading to a 158 percent jump in shipments, a new report has claimed.

CCS Insight’s global wearables forecast concluded that a total of 75 million wearables will be shipped in 2015, with Apple’s smartwatch accounting for a quarter of this.

A total of 20 million Apple Watches will be shipped in the next 12 months, making it the best-selling smartwatch ever. The US company unveiled the device last September.

[Read more: Apple launches "good news" for operators in the short term]

CCS said that North America, which accounted for half of global sales in 2014, will remain the biggest market for wearables this year. But while 2015 could prove a “transformative” year, much depends on the success of Apple Watch, which will “make or break” the market.

Ben Wood, CCS Insight's Chief of Research, said: "The Apple Watch will be instrumental in taking the wearables market to the next level of growth. If successful, it'll create a rising tide that will lift the whole market.

"If the Apple Watch performs as well as expected, its halo effect will result in a sales bonanza in the second half of 2015, with record-breaking shipments in the important fourth quarter."

CCS forecasts that 350 million wearable devices will be in use by 2018. However, it said activity-tracking fitness bands will continue to dominate the market after doubling to 40 million units.

CCS Insight analyst George Jijiashvili commented: "In contrast to many other commentators, we don't believe smartwatches will dent sales of fitness products in the short term. Smart fitness devices do one thing and do it well: they measure activity with the goal of improving owners' wellbeing.

“This, combined with lower retail prices, longer battery life and a strong head start in terms of adoption, suggests that these devices will outperform smartwatches for several years to come."

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