IDC wearables analysis: Fitbit continues to lead way amid alarming Apple decline

Picture credit: Fitbit

The latest figures from IDC show Fitbit continues to lead the way in global wearable device sales, but Apple slides alarmingly down the table.

According to the most recent Worldwide Quarterly Wearable Device Tracker analysis, Fitbit sold 5.3 million units in Q316, up from 4.8m this time last year, while the company’s overall market share has risen to 23.0% from 2.14% in Q315.

This rise can partly be attributed to Apple’s relative demise. With 3.9m units shipped in the third...

By James Bourne, 07 December 2016, 0 comments. Categories: Devices, Research.

IDTechEx argues wearable tech market to exceed $30bn in 2016 and $150bn by 2026

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A three year research report from IDTechEx estimates that the global wearable technology market will be worth over $30 billion in 2016. The report says that the market will grow in three stages: 9% annually to over $40 billion in 2018, but then accelerating to 23% through to over $100 billion by 2023, before slowing to 10% to reach over $150 billion by 2026.

The report details IDTechEx's coverage of the wearable technology ecosystem, which looks at the industry from many different...

By Wearable Tech, 09 November 2016, 0 comments. Categories: Devices, Fitness, Health & Wellness, Research.

Yudiz, Brick Simple, and Moyeo Apps named in top 10 wearable app design firms

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A list of top 10 best wearable app design companies has been prepared by San Francisco-based 10 Best Design, with Yudiz, Brick Simple, and Moyeo Apps the top three winners for October.

The list is prepared each month by using a complex algorithm process that weighs the pros and cons of each firm against other contenders.

Yudiz, according to the research, is argued to be one of the best app development agencies in India that can develop wearable applications for any hardware. The company...

By Wearable Tech, 27 October 2016, 0 comments. Categories: Developers, Research, UI.

North America and Europe expected to lead wearable tech market until 2021

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A newly published report from Scalar Market Research has predicted the global wearable technology market to grow at a CAGR of 18.9% from $29.92 billion in 2016 to hit $71.23 billion by 2021.

The report is entitled ‘Wearable Technology Market by Products, Application – Global Revenue, Trends, Growth, Share, Size and Forecast to 2021’, and focuses on the entire ecosystem, from smart clothing and glasses, to augmented reality headsets, to industry verticals from fitness...

By Wearable Tech, 26 October 2016, 0 comments. Categories: Fitness, Health & Wellness, Research.

IDC notes smartwatch shipments decline more than 50% in Q316

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It had been prophesised, but now the chickens have truly come home to roost: latest figures from IDC show the smartwatch market has declined by 51.6% year over year.

The figures, released as part of IDC’s Worldwide Quarterly Wearable Device Tracker, showed 2.7 million units shipped globally in Q316, down from 5.6 million this time last year.

Apple remains top of the tree, although this does not tell the full story, with the Cupertino giant suffering almost the bulk of the...

By James Bourne, 24 October 2016, 0 comments. Categories: Research, Smartwatches.

Apple Watch leads in smartwatch sector – but overall growth “slow”, argues Kantar

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The latest Kantar Worldpanel ComTech data on wearable device usage, as of July 2016, argues that while Apple still leads in smartwatch sales, overall sector growth is slow.

15.2% of US consumers own a smartwatch or fitness band, with the EU4 (France, Germany, Italy, UK), with an 8.1% penetration. Excluding fitness bands, adoption of smartwatches remains slow with 3.2% in EU4 and 4.7% in the US.

In the quarter ended July 2016, 47% of total wearable sales in the US were in the smartwatch...

By Wearable Tech, 23 September 2016, 0 comments. Categories: Devices, Research, Smartwatches.

Chinese wearable shipments ‘soar’: Xiaomi still on top but market lead reduced

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Shipments of wearable devices in China have soared with Xiaomi still at the top of the tree – but more and more competition is coming up fast, according to the latest figures from IDC.

IDC’s China Wearable Device Market Quarterly Tracker, 2016Q2 report shows that the country shipped 9.54 million wearable devices in Q2-FY2016, which was a 13.2% quarter by quarter and 81.4% year over year increase. Shipments of basic wearable devices such as wristbands, children’s...

By Wearable Tech, 19 September 2016, 0 comments. Categories: Devices, Research, Smartwatches.

Smart glasses market to grow 141% in next four years

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A new report by market research firm Technavio has forecast that the global market for smart glasses will grow at CAGR of approximately 141% in 2016-2020.

The enterprises segment had the largest market share in terms of unit shipment and revenue in 2015, making up around 97% of the global market. Individual consumer shipments had a mere 2.77% market share.

The report indicates that the industry's focus remains on enterprises. Major vendors such as Microsoft, Sony, ODG, Epson,...

By Wearable Tech, 07 September 2016, 0 comments. Categories: Eyewear, Research.