Global wearable device shipments increased by 9.9% in Q3 2021: IDC

Jeet — Wed, 08 Dec 2021 03:31:12 +0000

The demand for wearable devices has been on the rise and the trend continued for the third quarter of this year as well. International Data Corporation (IDC) has now released a report for the global wearable device market for Q3 2021.

As per the report, the market witnessed a growth of 9.9 percent year-on-year, increasing shipments to 138.4 million units. Unsurprisingly, the shipments for earphones, including the TWS earbuds, increased 26.5 percent.

For the first time, the shipments of smartwatches surpassed the shipments of fitness trackers. With this, smartwatches have now become the second-biggest category in wearable devices, accounting for a 4.3 percent increase.

The reason behind the increased shipments of smartwatches is being said to the users’ demand for more powerful features and functions and thus they are gradually shifting towards smartwatches. Also, there’s isn’t a huge price difference between a smartwatch and a fitness tracker, which is also a factor for the change.

Coming to the companies, Apple is dominating the market with a 28.8 percent market share and shipments of 39.8 million units. However, the company’s shipments for the Apple Watch dropped by 35.5 percent, but it managed to maintain its lead with AirPods.

Samsung grabbed the second spot with a 9.2 percent market share and 12.7 million shipments. Xiaomi also recorded the same numbers, sitting along with Samsung for the second rank in the third quarter.

Huawei and India-based Imagine Marketing grabbed the fourth and fifth position with 7.9 percent and 7.2 percent market share, respectively. Huawei shipped around 10.9 million units while Imagine Marketing, which sells products under the boAt brand, managed to ship around 10 million units in Q3 2021.

Global Market Share Archives - Gizmochina

Global wearable device shipments increased by 9.9% in Q3 2021: IDC