Skip to content

December 1, 2017

Smart wearables market keeps growing as Fitbit and Xiaomi lead the way

by John_A

While smartphone sales continue to grow, the wearable segment of the market also seems to be on the rise. According to a report from market research firm IDC, the wearables market grew as much as 7.3 percent in the third quarter, thanks largely to the rise of so-called “smart wearables.”

What are smart wearables? Well, IDC defines them as devices that can run third-party apps, while devices that can’t are defined as “basic wearables.”

“The differing trajectories for both smart and basic wearables underscore the ongoing evolution for the wearables market,” said Ramon T. Llamas, research manager for IDC’s Wearables team, in a blog post.

The wearable market in general has had a bit of a bumpy ride over the past few years. When the market first emerged with devices like the Pebble and eventually the original Apple Watch, many hailed wearables as the next big wave of tech that was poised to eventually take over the smartphone as our main way of connecting with the digital world. These days, wearables are seen more as an extension of the smartphone, and while some wearables, like the new Apple Watch, are getting LTE connectivity, they’re still not really billed as stand-alone devices.

Still, the new figures are promising for wearables in general. Fitbit and Xiaomi both had excellent years, and both ended in a statistical tie for first place in the wearables market. That’s actually bad news for Fitbit, which posted a decline in shipments, despite launching its first smartwatch — the Fitbit Ionic. Fitbit and Xiaomi ended with 13.7 percent of the wearable market each.

Apple, on the other hand, did see some growth — thanks in large part  to the launch of the Apple Watch Series 3, which boasts LTE connectivity. Apple comes in with 10.3 percent of the wearable market.

Perhaps most interesting is Huawei, which is fourth on the list. The company posted massive 156.4 percent year-over-year growth, thanks to its slew of new fitness bands and its new smart hearables, the Sport Pulse Earphones, which both play audio and track heart rate. Most of Huawei’s wearables shipments took place in China, but we’ll very possibly see Huawei move beyond China and into other markets in the near future.

Editors’ Recommendations

  • Wearables are a hard business, and TomTom is getting out of it
  • Apple Watch Series 3 vs. Fitbit Ionic vs. Garmin Vivoactive 3
  • Start your fitness journey with the best Fitbit deals available now
  • Bigger is better: Phablets are poised to overtake regular-sized phones by 2019
  • Fitbit Ionic review




Advertisements
Read more from News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

%d bloggers like this: