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The above graph represents the world’s top 5 wearable companies by market share, starting from Q1 2014 to the recently completed quarter. Global shipments of wearable devices totalled 125 million units in the third quarter of 2020. Apple captured over 33% of the total global wearable market, with 41.4 million units shipped. That’s a healthy 38.6% point YoY increase in Apple’s share in the wearable market worldwide.
| Region | Worldwide |
| Source | IDC |
| Graph ID | 607 |
| Note | CY starts from January 1st to December 31st |
Despite posting 26.4% YoY growth in shipments, Xiaomi’s share in the global wearable market declined from 14.5% in Q3 2019 to 13.6% in Q3 2020.
Samsung’s strategy to bundle its smartwatches and Galaxy buds with its smartphones has paid off as the company witnessed 156% YoY growth in its wearables shipments in Q3 2019. With a 9.8% share, Samsung was the world’s 3rd largest wearable company as of September 2019. However, in Q2 2020, the Korean giant slipped into 4th position in global wearable market, with only 7.1 million units shipped.
Huawei’s share in the worldwide wearable market increased from 5.4% in Q3 2018 to 11% in Q3 2020, thanks to the strong performance in its homegrown China.
The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.
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