Friday, 04 December 2020 07:26

Global wearables market rose by more than a third in 3Q: IDC

Global wearables market rose by more than a third in 3Q: IDC Image by Shabaz khan from Pixabay

The global wearables market grew by 35.1% year-on-year in the third quarter to reach 125 million units, the technology analyst firm IDC says, adding that the surge was "driven by seasonality, new product launches, and the global pandemic".

In a statement, the company said Apple, Samsung and others had launched new products and these had sparked a renewal of interest in smartwatches and hearables.

Apart from this, consumers found the money to spend on wearables as they reduced spending on travel, dining out and other leisure activities due to the ongoing pandemic.

Among vendors, Apple took 33.1% market share, with AirPods and Apple Watches proving to be extremely popular. Xiaomi was second with 26.4% of the market; it shipped 17 million units, of which 12.8 million were basic wristbands.

Huawei was third with 13.7 million units shipped, followed by Samsung (11.2 million units) and Fitbit and boAt (tied for fifth place with 3.3 million units each).

idc wearables 3q

"Many countries began easing restrictions and opening up their economies during the third quarter, which helped bolster outdoor activity as well as demand for wearables," said Jitesh Ubrani, research manager for IDC Mobile Device Trackers.

"Meanwhile, a broader range of price points from numerous vendors meant that there was something for everyone."

Ramon T Llamas, IDC research director, Mobile Devices and AR/VR, added: "The double-digit growth not only indicates strong demand, but also suggests that many people got a wearable device for the first time in both emerging and developed markets.

"Consider what this means: a larger installed base of wearable device users going forward and a larger opportunity for device replacements in the years to come.

"And, as some wearers own multiple devices — like earwear and wristwear — the wearables market will enjoy sustained demand."

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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