China is one of the world’s most competitive markets when it comes to smart wearables like fitness trackers and smartwatches. For now, the markets are dominated by giants like Apple, Huawei, and Samsung.

However, KUMI Electronics, which was founded back in 2019, has quickly climbed the ladder to become the 15th largest smartwatch brand in the Chinese market and the 7th largest when it comes to Chinese brands in the country.

KUMI has successfully shipped 400 thousand smartwatch units in their first year and has expanded globally to compete in different markets like India, the U.S, Europe, and many countries of Southeast Asia.

The brand offers a diverse smartwatch range, which is mainly divided into seven categories. The KU series offers smartwatches and fitness bands focused on health-related features while the U series offers sports-centric wearables. Their K series smartwatches come with a fashionable design, and the GT series offers smartwatches in line with the latest global trends.

KUMI also offers smartwatches that appeal to children with their I series, and GW series smart wearables for adults which are suitable for professional environments.

One of their recent designs in the GW series is the KUMI GW16T Pro which features a 1.3” TFT color display with 360 x 360p resolution.  Powered with an RTL8762DK chipset the smartwatch is a smarter and better version of its predecessor GW16T model.

KUMI GW16T Pro comes with a complete health management system, including a heart rate monitor, SpO2 monitor, blood pressure monitor, calorie, distance, and step counter. Other interesting features include a sleep monitor, a weather report, music control, notifications, etc. Additionally, the smartwatch comes with expanded categories of sports modes like an elliptical trainer, yoga, etc.

KUMI GW16T Pro comes with an IP68 certification, which protects the smartwatch from dust and water ingress. You can use the smartwatch at a depth of 1.5 meters for 30 minutes, which makes it perfect for a casual swim or bath.

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If you find a person wearing Wireless Bluetooth earbuds/headphones, you shouldn’t think it’s because of the crazy 2020 year. As Counterpoint Research points out, the TWS(Truly Wireless) hearables have dominated the 2020 wearable market and 2021 will be the turn of wristwear(Smartwatches).

According to the report, just the Earwear and Wristwear products alone shared 93% of the overall Wearable market shipments as of Q3 2020. The other 7% meager share is occupied by Eyewear, Bodywear(3% each), and Skinwear(1%).

If the report’s data is anything to go by, TWS yearly shipments is expected to settle at 238 million shipments for 2020. This is an 83% growth from last year when the hearables weren’t that popular. Sure, companies like Samsung, Apple had already launched them but they were in the premium category.

Not all can afford costlier TWS earbuds and enter budget brands like realme, Xiaomi. Speaking of brands, Apple dominates the market with a 29% TWS shipments share(as of Q3). To emphasize this more, the report says that Apple also dominates the Smartwatch space with a 28% share. If you recall, the company began the year 2020 with a whopping 43.4 million shipments in Q4 2019.

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Continuing the moment into 2020, Ms. Sujeong Lim, Senior Analyst, says Apple’s iOS ecosystem is one of the catalysts. If you look at rival Samsung, it is nowhere near Apple with just a 5% share. One of the reasons why TWS drove the wearable shipments is due to the omission of 3.5mm jacks in smartphones.

Trickle-down to the budget category and you see Xiaomi is the king with a 13% market share sitting only next to Apple at 2nd.

Although the list is common and not categorized, the report says by the cusp of 2020, the Top-10 list had more than 50% belonging to the budget categories. At the budget of $20-$50 and below, some notable ones were Redmi Earbuds S, realme Buds Q, and more.

realme despite sitting at last already has reached a 2% share in just one year. And countries like India should be a deciding factor in the future just like they did in Q3.

Regarding Smartwatches, the report says that it will reach 100 million shipments this year. However, moving into 2021, you can expect this to dominate more. Increased awareness on health and fitness will drive the smartwatch sales this year. And if brands bring the prices down, we can see double-digit growth for sure.

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The global smartwatch market witnessed a growth of 6 percent in the third quarter of this year, despite the ongoing coronavirus pandemic. Major brands like Apple, Huawei, and Samsung led the industry in terms of shipments as per a new report.

According to a recently published Global Smartwatch Model Tracker from Counterpoint Research, Apple retained its top spot in the market with a 28 percent share. The Cupertino based giant saw a nominal rise of 2 percent in its market share over the same period from 2019. Its launch of its first mid tier wearable Apple Watch SE, which was priced under 300 US Dollars, helped the company garner a lot of attention during this quarter in the market.

Similarly, Huawei also managed to remain second in terms of shipments with a 15 percent market share in 2020. This marks a growth of 5 percent over the third quarter from the previous year, which was accredited to the launch of new models that expanded its existing wearable portfolio. The South Korean tech giant, Samsung, took the third spot overtaking BBK in 2020 thanks to the successful launch of its Galaxy Watch 3 smartwatch.

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According to Analyst Sujeong Lim, “In terms of sales, Apple’s position is even stronger. In the third quarter, it achieved $2.3 billion, nearly half of global smartwatch shipments and an 18% increase over the same period last year. Samsung had stagnated in H1 2020. Since it appeals to fewer premium consumers compared to Apple, demand from its base was weaker during the pandemic. But it rebounded in the third quarter with the launch of the Galaxy Watch 3. In terms of revenues, Samsung grew 59% YoY and is expecting good growth momentum now.”

Notably, China surpassed North America in terms of shipment after being behind for the past seven quarters to become the market leader. While the North American market showed significant growth after the launch of the Apple Watch Series 4, China managed to edge ahead with smartwatches aimed towards children. Despite being the second largest smartphone market, India only accounted for 4 percent of the total smartwatch market.

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Despite the wearables market seeing a decline in 2020 due to the Coronavirus pandemic, the Apple Watch is still seeing great sales. According to a Counterpoint Research report, the wearable is dominating the global smartwatch market for 2020.

The Cupertino based giant’s wearables have dominated the market, especially its latest Apple Watch Series 5. According to the report, the Apple Watch series accounted for an estimated 51.4 percent of global smartwatch market revenue during the first half of 2020. In other words, the company’s offering alone accounted for more than half of the entire market.

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Furthermore, no other OEM came even close to Apple’s dominance, with Garmin and Huawei products arrived in second and third with 9.4 percent and 8.3 percent respectively. In other words, the iPhone maker had a commanding lead through the first half of this year. While the viral outbreak did slow the industry down, the global smartwatch market still saw a 20 percent year on year growth and is expected to grow even further in the near future.

We had previously reported on the market which was said to double by 2024, and Apple might have a big role in it. Counterpoint Research estimated that a total of 42 million smartwatches were shipped in the first half of 2020. Notably, the company’s Apple Watch sales also grew in Europe and North America by 22 percent, with the Apple Watch Series 5 being the best selling smartwatch during this period of time.

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Strategy Analytics has released a new report which reveals that the global smartwatch shipments grew 20 percent in Q1 2020 to reach 14 million units. It also reveals that Apple is dominating the market and Samsung holds on to the second position.

Apple managed to ship 7.6 million units of Apple Watches in the first quarter of this year, dominating the market with a share of 55 percent. This also represents a slight increase for the company compared to the same period last year.

Samsung, on the other hand, shipped 1.9 million units for a market share of 13.9 percent, which declined from 14.9 percent last year. Garmin, which holds the third position, managed to expand its market share from 7 percent to 8 percent and shipped 1.1 million units in Q1 2020.

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Steven Waltzer, Senior Analyst at Strategy Analytics, says that the global demand for smartwatches continued to grow despite considerable headwinds from the COVID-19 pandemic. He added that smartwatches are selling well through online retail channels, while many consumers have been using smartwatches to monitor health and fitness.

However, the company predicts that the global smartwatch shipments will slow sharply in the second quarter of 2020 because of the ongoing COVID-19 pandemic. Woody Oh, Director at Strategy Analytics says that sales in Europe and the US have inevitably been hit by virus lockdown in recent months.

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