smartwatch market share by company
GLOBAL SMARTWATCH 21'Las Vegas MARKET 12:45 I Tuesday, October 13th (PRODUCT, APPLICATION, OPERATING SYSTEM AND GEOGRAPHY) - SIZE, SHARE, GLOBAL TRENDS, COMPANY PROFILES, DEMAND, IN- SIGHTS, ANALYSIS, RESEARCH, REPORT, OPPORTUNITIES, SEGMENTA- TION AND FORECAST 2013 - 2020 Growing at a CAGROF 67.6% (2014-2020) 67.6% 2013 2020 Market … Other players include Imoo, which lost share this quarter, and Amazfit, Huawei, which has just 2.8 percent but is growing fast, and Fossil, which shrank slightly to 2.5 percent of the market. Similarly, in March 2019, Fitbit launched four new wearables namely, Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace 2 for making health and fitness accessible and affordable for the consumers across the globe. And if such data collected is maliciously captured by the third party, it can lead to cybercrime. Fitbit has the fourth-largest share at just 5.5 percent, but grew significantly from just 3.7 percent in the same quarter last year. This suggested consolidation to Apple, Samsung, and Huawei is likely, with niche market share from the likes of Fitbit, Fossil, and Garmin. Smartwatches disseminate the awareness about a newborn idea of tracking personal health thereby incorporating a healthy modern lifestyle as a mobile phone can be easily accessed by a smartwatch enabling the user to make calls, send message alerts, listen to music, play games, etc. Market share analysis of the global smart watch market. 3 behind Apple and Samsung, according to Counterpoint. In fact, some of the foldable screen technology that has recently been interesting (and faulty) in smartphones might be coming to your wrist: "Foldable displays are coming to smartwatches," says Counterpoint associate director Brady Wang. In Q4 2020, it had a 40 per cent market share followed by Samsung at 10 per cent. Based on Connectivity, NFC Segment is expected to grow at the highest CAGR, owing to its growing adoption by brands like Apple (Watch), Samsung (Galaxy Gear), etc. IoT-driven smartwatches are a key trend that will not only operate as a standalone technology but interact with other IoT-devices to improve a user's quality of life vastly. In May 2019, Apple confirmed the launch of ECG app for smartwatch in Canada. Almost 30 percent of the market has been captured by a large number of brands with tiny market share. The report noted that Apple’s growth helped the market … According to Apple, the Samrtwatch offered is "CE marked and cleared in the European Economic Area". It had an update of WatchOS 5.2. Garmin improved from an 8.9% market share in the first half of 2019, when it was No. Samsung was followed by … However, limited battery life remains a pain point for consumer’s decision-making process, irrespective of region and price band.”. The company had the top position with a share of 46.0% in the second quarter. The growth is attributed to innovative features offered by smartwatches, such as tracking, alerts, and connectivity. Apple Watch maintained first position with 48 percent global smartwatch marketshare, while Samsung held second place, and Fitbit clung on to third. Transparent report delivery on a web portal, Full/partial refund for genuine quality concerns. In May 2019, Apple confirmed the launch of ECG app for smartwatch in Canada. Apple Watch remains the dominant force in the smartwatch market, according to new data. In 2014, I was named to Folio's top 100 of the media industry's "most innovative entrepreneurs and market shaker-uppers.” I live in Vancouver, Canada with my family, where I coach baseball and hockey, though not at the same time. Interestingly, the top nine brands account for 75 percent of the market. The major driving factors of Smartwatch market share are as follows: The contribution made by the leading tech companies and the efforts taken by them for R&D. I forecast and analyze trends affecting the mobile ecosystem. Manufacturers shipped … However, we are still in nascent stages in the evolution of smartwatch form-factors.". In 2014, more than 85 companies sold nearly seven million smartwatches across the globe. Interestingly, there is still a lot of diversification in smartwatch manufacturing and brands. The UI of Nubia Alpha comes with features like gesture control, shortcuts with image capture, and moving through apps. Get more information on this report : Req… New Windows 10 Bug Can Crash Computer, Why The Nvidia-Arm Acquisition Should Be Approved. The global smart band (Smart Watch) market is further projected to reach a volume of 52.7 Million Units by 2024, exhibiting a CAGR of 3.8% during 2019-2024. Smart Watch Market 2020 Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by By 360 Market Updates Posted on May 21 2020 4:41 AM "This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Smartwatches collect personal data, such as, from the number of steps taken in a day to various financial information if the device is enabled to make payments. Global Smartwatch Shipments market share by brand in Q1 2018 vs Q1 2019. The global smartwatch market is expected to grow at a CAGR of 25.78% during the forecast period, 2019–2026. “The heart rate sensor for health monitoring, GPS and pedometer sensors for fitness, and NFC embedded for payment are some of the key integrated technologies," says Counterpoint research analyst Satyajit Sinha. The major focus of smartwatch vendors in North America is smartwatches offered between US$ 200 TO US$ 299 price segment. Additionally, smartwatches control smart home, which might increase the possibility of theft if the security setting is not updated correctly. IDC predicts huge jumps in global smartwatch shipments: from 51.3 million last year to 91.8 million units this year and 131.6 million by 2023. Such as Apple watch series 4, launched in September 2018, can track heart rate, emergency or inactivity alerts, nervous system, and health-related events. The timeline on this development is long, however. In 2018, the shipments of smartwatch grew by more than 35% in North America, Samsung holding the largest market share. Later, Apple took its first step in the smartwatch industry with iWatch and unsurprisingly became the leading producer of disruptive smart watches. "Nubia’s attempt to design 'smartphone + smartwatch' adds smartphone level capability to the wrist form-factor. Similarly, the increasing integration of haptics technology in smartwatches is also expected to boost the global smartwatch market growth during the forecast period. Samsung, Sony, and LG were the first to introduce smartwatches in the global market. Nubia Alpha features air interaction mechanics, motion gestures, voice-based commands, 5-megapixel camera for photos and video recording, and 500mAh battery with two days of battery backup. Their 47.9 percent share was followed by Samsung whose market amounted to13.4 percent. Extension smartwatch is followed by hybrid smartwatch and standalone smartwatch holding the market share of 30% and 12.68% respectively in 2019. According to Juniper, by 2023, the healthcare sector will be entitled to remotely monitor five million individuals using the data generated by smartwatches combined with AI-enabled software analytics to proactively identify individuals at risk. While the company makes the Android-based Wear OS platform, which accounted for 10% of the total smartwatch market in H1 2020, it doesn’t sell its own smartwatch yet. Apple leads the smartwatch market and grew just faster industry pace: 49 percent. The smartwatch market has growth 42% in the last quarter over the same period last year, with shipments in Q3 2019 for all vendors hitting 14.2 million units, up from 10 million in Q3 2018. Opinions expressed by Forbes Contributors are their own. In addition, I've led technical teams, built social sites and mobile apps, and consulted on mobile, social, and IoT. The market in North America is expected to account for major revenue share in the global smartwatch market due to gradual increase in number of consumers adopting smart devices. The global smartwatch market is experiencing what one analyst called "impressive" growth. All Rights Reserved, This is a BETA experience. The healthcare/wellness segment holds the largest market share of 38.04% and is followed by sports, personal assistance, and other segments. … Few popular smartwatches that support NFC connectivity are Fossil Q Explorist, LG Smart Watch, Michael Kors Access Sofie, Skagen Falster, TAG Heuer Connected Modular 45, Fitbit Versa, Huawei Watch 2, and TicWatch Pro. The competition among the leading companies. However, privacy and security concerns with the use of smartwatches are anticipated to hamper the market growth during the forecast period. The Apple Watch is typically higher cost than competitor products from Samsung and Fitbit, giving the Cupertino company a disproportionate share of global smartwatch revenue, much like it enjoys with iPhone in the smartphone market -- where it recently dropped 30% in quarterly shipments. Global smartwatch shipments grew an impressive 42 percent annually from 10.0 million units in Q3 2018 to 14.2 million in Q3 2019. One thing market share numbers don't show: revenue share and profitability. Apple gained the highest market share in smartwatch shipments overall. Based on operating system, iOS segment holds the largest market share, as, it is compatible with portable devices, such as iPhone, iPad, iPod Touch, and smartwatches, offering multi-touch interface, such as, swipe, tap, pinch, and reverse pinch. For Women, Working From Home Comes With Strings, New Apple Leak Reveals Massive iPhone Camera Upgrades, Entrepreneurial Ecosystems Expanding Worldwide, recently dropped 30% in quarterly shipments. It is used in smartwatches, smart jewelry, and other fitness devices for alerts and notifications. Samsung trails Apple significantly in market share at just 11.1 percent, but grew faster at 127 percent. The Apple Watch is the smartwatch market leader with the most shipments and dollar sales. In March 2019, the feature of Apple Watch ECG went live in UK and Europe. Apple Watch dominated the smartwatch market. I forecast and analyze trends affecting the mobile ecosystem. Many smartwatches are launched with a prime focus on health. In 2018, China holds the largest market share in Asia Pacific and the growth is attributed by the growing penetration of internet and the increase in spending capacity of the people. According to the Counterpoint report, Apple continued to maintain its number one position in the market and increased its share by 6%. You may opt-out by. In February 2019, Nubia Alpha announced the launch of foldable smartwatch rolling out in China from April followed by Europe and North America. The acknowledgment that health is the only wealth steals the thunder of all the worldly possessions. Samsung, with its Samsung Galaxy Watch, Galaxy Active, and Galaxy Fit, held a market share of 12%. Health and fitness are unquestionably the most ideal paths to lead a complacent and happy life, forget about the fickle affluence. Adding to this, it facilitates ease and comfort and saves the battery from discharge rapidly and also supports multitasking. The major focus of smartwatch vendors in North America is smartwatches offered between US$ 200 TO US$ 299 price segment. That helped Apple expand market share slightly to 35.8 percent. As a result, people are moving towards technologically advanced smartwatches for tracking their daily activities, making life simpler on fingertips. Fitbit market share was 12% of the Smartwatch market. And Apple is still leading the way, by a wide margin. The smart watch market has a major portion of prominent players, and some of the major manufacturing companies are in APAC and North America that export their products all over the globe. Apple is the smartwatch king by far, accounting for about half of global smartwatch sales. Brazil is followed by Saudi Arabia and South Africa, with the combined share of more than 25% in the base year. Based on regions, the market is segmented into: North America, Europe, Asia Pacific, and LAMEA. Worldwide smartwatch shipments reached 14.3 million units in Q1 2020, up 12% year on … This makes the smartwatch versatile and user-friendly. That helped Apple expand market share slightly to 35.8 percent. To put those numbers in context, Huawei – the nearest competitor – shipped 2.1 million smartwatches, and “others” managed 3.3 million. In July 2019, China issued 17,000 smart watches to pupils to track movements. Apple held the largest share of the global smartwatch shipment market in the first quarter of 2020. I've been a journalist, analyst, and corporate executive, and have chronicled the rise of the mobile economy. The global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027.The study of smartwatch in this report emphasizes on various products, operating systems, and corresponding applications. The most desirable feature in Apple Watch? Among all the regions, APAC has the largest consumer market … In 2018, the shipments of smartwatch grew by more than 35% in North America, Samsung holding the largest market share. Overall, the smartwatch shipments registered a slight growth of 1.5% in 2020. In May 2018, Chinese manufacturing giant, Xiaomi, released its new Xiaomi Mi Band. All rights Reserved By Straits Research. The company's leading position in … The ECG heart measuring capability, says Sinha. Increase Your Screen Real Estate With This Portable HD Monitor, Don’t Press Print! In February 2019, EU recalled children's smartwatch over data fears. The smartwatch market had a shipment of 68.6 million unit shipment in 2020 and expected to reach 157.2 million by 2026 and grow at a CAGR of 14.5% over the forecast period (2021 - 2026). In 2013, around 2.1 million units of smartwatches were sold in the market, which marked the beginning of a new era in the mobile technology space. © 2021 Forbes Media LLC. Based on type, the extension segment holds the largest market share in 2019 and is expected to grow at a CAGR of 25.9% during the forecast period. AirPods Max: Did Apple Just Fix The Cliff-Edge Battery Drain Issue? Few Popular Smartwatch Apps are as Follows. Apple's flagship wearable, including the latest Apple Watch Series 5 iteration, has long dominated the smartwatch market. Different operating systems such as watchOS, Android, Linux, and others are available in the market. So Apple is still killing it … "Related use-cases and in addition to notifications with cellular capability are driving the smartwatch adoption. Samsung Gear S3 smartwatch supports both NFC and MST contactless payments with and without a phone. John Koetsier is a journalist, analyst, author, and speaker. And the reason for that is simpler than you think. Copyright document.write(new Date().getFullYear()). Fitbit is one of the trailblazers of the smartwatch industry with its original fitness tracking devices. What's next in smart watches might not look like a watch at all. Such as, Galaxy Watch LTE gained support from Brazil and is available for claro customers in the region. Smartwatch shipments jumped a very healthy 48 percent year over year in the first quarter of 2019, according to a new Counterpoint research note. The smartwatch market declined slightly on an annualized basis. I've been a journalist, analyst, and corporate executive, and have chronicled the rise of the mobile. Brazil holds the largest market share in LAMEA, and the growth is attributed by the growing awareness and the launch of various smartwatches in the region. Our sales team will contact you as soon as possible. Apple leads the smartwatch market and grew just faster industry pace: 49 percent. The Smartwatches Market is expected to be around US$ 57.50 Billion by 2025 at a CAGR of 20% in the given forecast period. I built the VB Insight research team at VentureBeat and managed teams creating software for partners like Intel and Disney. Based on Application, the market is segmented into personal assistance, healthcare/wellness, sports, and others (spiritual wellness, gaming, kids’ learning, and fashion). Fitbit, Fossil, and Guess opted to … That won't be generally available until 2025, Wang suggests.