Everyone is attached to their gadgets and gizmos these days and to make matters better, pretty soon you might be able to wear the gadgets you love.

According to analysts, Apple (News - Alert) is seriously thinking about wearable gadgets as the next big thing. There will be wearable computers which would replace the iPhone and smartphones in next 10 years, analysts predict.

"We believe that Apple will eventually introduce some type of wearable computing product," according to a Wednesday report from Piper Jaffray analyst, Gene Munster.

"We believe technology could progress to a point where consumers have a tablet plus wearable computers, like watches or glasses, that enable simple things like voice calls, texting, quick searches, navigation, etc. through voice control," Munster wrote. "Longer term, screens in glasses or projectors could replace the necessity of a screen from a smartphone or tablet."

The giants Apple and Intel (News - Alert) are working on a Bluetooth enabled smartwatch. According to China's TGbus.com, the smartwatch will feature a 1.5-inch, touchscreen display embedded with Bluetooth. It will be able to work directly with the iPhone (News - Alert). Users can then make phone calls and perform other operations from the wearable watch.

 Munster's predictions come shortly after the reports of the smartwatch were released.

Muster speculates that the first wearable consumer product Apple could be interested in could be a watch. There is a probability that third party products and tools that measure body temperature, blood sugar, steps taken , calories burnt etc., which can be connected to iOS gadgets in wearable accessories such as hats, clothing, shoes, earrings and belts, will soon follow.

"While we don't believe the watch itself is something that will excite investors, we believe the trend offers future revenue potential beyond the iPhone/ iPad franchise. Since a smartwatch would likely be cheaper than an iPhone, these gadgets could "be Apple's best answer to addressing emerging markets. The size, however, might deter female buyers,” Munster said.

Pretty soon there will be one smartwatch in the markets- the Pebble Smartwatch. It recently received the required FCC approval. The Pebble smartwatch displays information from iOS and Android (News - Alert) phones via Bluetooth. It was expected to ship in September.

For now Apple's focus is a new iPad mini with Retina display, updated versions of OSX and iOS 7, the new iPhone and an updated Apple TV with TV app store. According to the analysts Apple TV will be launched in time for the 2013 holiday season.

Google is ahead on the wearable tech graph. Its Google's Project Glass is grabbing headlines. The team behind the glasses hinted at the features it could possibly have in future including phone functions and voice commands. Wearable tech is here to stay and the race is on.

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