The above graph represents the worldwide wearable device shipments by quarter, starting from CY Q1 2014 to the recently completed quarter. The global shipments of wearable devices grew 29.7% YoY during Q1 2020, to 72.6 million. However, the wearables shipments declined a huge 38.9% decline when compared to the previous quarter. Apple, Xiaomi, Samsung, Huawei and Fitbit remained the world’s top 5 wearable companies in terms of shipments and market share, according to IDC.
|Note||CY starts from January 1st|
It is important to note that in Q4 2019, the global vendors shipped a record 118.9 million units of wearable devices, showing a strong 82.3% YoY growth. Samsung recorded a whopping 127.6% YoY growth, primarily driven by its Galaxy Active and Active 2 smartwatches.
As the graph shows, in fourth quarter, the worldwide wearable device market records the maximum growth in the shipments compared to the first three quarters of any particular year, mainly due to the holiday (December) season and new devices’ launches. Interestingly, the quarterly wearables shipments worldwide exceeded 60 million for the first time in Q4 2018. While the shipments in Q1, Q2, and Q3 2018 were 31.9 million, 27.9 million and 43.4 million, respectively.
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.