HTC is one of the hardware partners for Android Wear launched in March 2014, but the Taiwanese company is yet to announce its own version of the wearable. But it seems HTC fans will not have to wait too long for its first smartwatch powered with Android Wear.

Evan Blass, who runs the Twitter handle evleaks and is well known for his leaks, claims the HTC One watch will arrive in February 2016. The world's largest tech event, the Mobile World Congress, is scheduled to take place from 22 to 25 February. There is a good chance HTC might choose the event to make an announcement about the smartwatch, although there is no official word so far.

While evleaks did not reveal any hardware details and only divulged the name and launch, recent rumours suggest that the smartwatch could be codenamed Halfbeak. It is expected to sport a round display with resolution measuring 360x360 pixels. It was earlier reported that this smartwatch would be unveiled at HTC's 29 September event, which did not materialise.

However, HTC will have to face stiff competition from rivals including Samsung, Motorola, LG and Asus who have already revealed their Android Wear-powered watches. Apart from them, there are other major players already in the market.

According to the latest report by research firm IDC, Fitbit is the top wearable vendor with 22.2% share in the third quarter of 2015. Apple and Xiaomi are in second and third places respectively in the global wearable market.