The Market of Wearable Devices Faces Major Changes

2019-06-0101:39:26 Comments 7

Recently, IDC announced the global wearable device market research report for the first quarter of 2019. According to it, global smart wearable shipments reached 49.6 million units in the quarter, a year-on-year increase of 55.2%.

At the same time, the report also named the top five companies in the first quarter of 2019 if taking into account the wearables shipments.

With products such as Apple Watch, Airpods and Beats headsets, Apple continues to lead the way with 12.8 million shipments and 25.8% market share at the top of the charts. Xiaomi is second in the list with products such as Xiaomi Mi Band wearables.

The Market of Wearable Devices Faces Major Changes

The first quarter of 2019, TOP5 global wearable device companies

Huawei ranked third with 5 million shipments and 10% market share. However, it is worth noting that the growth rate of Huawei's wearable devices reached a staggering 282.2%, much higher than the industry growth rate. IDC believes that such achievements by Huawei are inseparable from its success in the field of smartphones.

Since the United State government added Huawei Technology to its entity list, it has been one bad news or another for Huawei. A couple of companies and associations have withdrawn their association from Huawei as a result of the ban. The likes of AMD, ARM, Google, Intel, Qualcomm, etc. have suspended cooperation with Huawei. Associations like Wi-Fi Alliance, JEDEC (Solid State Technology Association), SDA (SD Association) and PCIe standard also canceled Huawei’s membership. Although, these associations recalled the company after a few days.

The Market of Wearable Devices Faces Major Changes

Market performance of the top five wearable devices in the world in the past five quarters

The fourth and fifth companies are Samsung and Fitbit. Among them, Samsung achieved a year-on-year growth of 151.6% with a variety of products such as Galaxy watches, GalaxyBuds, and JBL headsets.

VIA

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