Tag: Xiaomi Mi Band

Worldwide wearable market jumps 171.6% in 2015

IDCWearable devices are all the rage. Fueled by the growing popularity of fitness trackers and the Apple Watch, the global wearable device market grew 126.9 percent in Q4, bringing total annual shipment to 78.1 million units, a rise of 171.6 percent, according to IDC.

“Triple-digit growth highlights growing interest in the wearables market from both end-users and vendors. “It shows that wearables are not just for the technophiles and early adopters; wearables can exist and are welcome in the mass market. And since wearables have yet to fully penetrate the mass market, there is still plenty of room for growth in multiple vectors: new vendors, form factors, applications, and use cases. This will help propel the market further,” said Ramon Llamas, Research Manager of IDC’s wearables team.

“What is warranted is continued innovation and development. The market can only get so far with ‘me too’ and ‘copycat’ wearable devices. End-users expect improvement from what they have now, and new applications to spur replacement and increased adoption. Historical data, like steps taken and calories burned, has been a very good start. Prescriptive data, like what else a user can do to live a healthier life, coupled with popular applications like social media, news, and navigation, will push wearables further, and attract more users,” he added.

7m Apple Watches sold in six months

Apple WatchesApple’s magic formula for success has continued with the Apple Watch. The highly-sought after smart watch dominated the market with nearly seven million units sold since launch, according to Canalys.

And this figure in just two quarters exceeds all other vendors’ combined shipments over the previous five quarters. That’s simply amazing!

In Q3, Apple was the only smart watch vendor to ship more than 300,000 units. The quarter also saw the release of the Pebble Time Steel, which helped the company ship more than 200,000 total smart watches, while Samsung’s Gear shipment declined ahead of the Q4 release of the Gear S2. Vendors will continue to battle for position behind Apple in Q4 as a raft of new devices from a diverse set of companies hits the market. For example, both Fossil and Tag Heuer will be launching their first smart watches before the end of the year.

Fitness band market jumps 684% in H1

mibandA wrist accessory with a silicon strap has become the latest fashion statement and a must-have for the sporty. We’re talking about the fitness band, which helps to keep track of distance covered, calories burnt and sleep among other things.

According to Canalys, the global wearable band market grew an astonishing 684 percent in the first half of this year compared with the same period of 2013.

“Fitbit and Jawbone have very successfully grown and strengthened their relationships with channel partners internationally to grow global shipment volumes. They took first and second place respectively in the basic wearable band market in the first half 2014,’ said Chris Jones, Vice President and Principal Analyst of Canalys.