The above graph represents the world’s top 5 wearable companies by market share, by year. In 2019, approximately 336.5 million units of wearables were shipped worldwide, representing a strong 89% YoY growth. Apple, Xiaomi, and Samsung are together dominating about 53.3% of the global wearable market.
Global Wearable Market Share by Top Vendors
|Note||CY starts from January 1st to December 31st|
Apple remained the market leader with a 31.7% share. That’s an appreciable increase from 2015 when the company had only 11.6% share in the global wearable market. A total of 106.5 million units of Apple Watches, Airpods, Beats headphones, etc. were shipped in 2019.
Xiaomi‘s share in the worldwide wearable market increased from just 3.8% in 2014 to 12.4% in 2019. The growth in Xiaomi wearables shipments was mainly due to the company’s stronghold in its home country of China.
Samsung now holds 9.2% share in the wearable device market worldwide as of December 2019. It is important to note that in 2016, Samsung couldn’t make its place among top 5. During the year, Fossil emerged as 5th biggest wearable vendor with 2.1 million units shipped, globally.
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.