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The Worldwide Wearable Gadgets Market Saw Strong Development During Q4 2018, Says IDC

The worldwide wearable gadgets market continued to see strong development in the fourth quarter of 2018, with shipments of over a hundred million units. While smartwatches and ear-worn devices are still the two biggest players, the market is growing and is poised to break the 100-million-unit threshold by the first half of 2020. While industry titans like Apple and Samsung are maintaining double-digit market shares, the recent launches of smaller names are also propelling growth.

Headphones surpassed

IDC says Xiaomi, which is ranked second in the fourth quarter of 2018, grew by 43.3 percent year-over-year to reach 7.5 million shipments. The company has made significant investments in both Europe and Asia to help boost its growth in this region. In addition to launching new wearables, Xiaomi also launched smartphone bundles with their wristbands. In the third quarter of 2018, the company’s shipments of earbuds and headphones surpassed those of wristbands for the first time.

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Conclusion

According to IDC, the world wearable gadgets market has seen a significant development in the fourth quarter of 2018. In addition to gaining momentum, the growth was led by a few key players. As for the top manufacturers, Apple continues to lead the field with a staggering 28.4 percent market share. In addition to the iPhone, Samsung ranked second and Xiaomi third, grabbing 8.8% and 9.7 percent of the global wearables market, respectively.

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