Samsung Was the Third-Largest Wearable Devices Brand in 2022: Report

Due south Korean tech giant Samsung was reportedly the third-largest brand for article of clothing devices last yr, adjacent to Apple tree and Xiaomi. The report comes from market research firm IDC.

Co-ordinate to IDC, Samsung managed to sell over 30.9 1000000 units of wearable gadgets in 2019, accounting for an overall market place share of 9.2 percent in the wearables market.

The marketplace share of Samsung wearables was at six.ix percent in 2018. Notably, this is an overall year-over-year growth of 153.3%, the highest on the list. The report credits Samsung'southward strong portfolio of products including the Galaxy Agile and Agile 2 smartwatches and the company's subsidiary JBL for this achievement.

"The market for wearables is besides speedily becoming very top heavy as companies such equally Apple and Samsung capture a greater share of the market," said Jitesh Ubrani, research manager for IDC Mobile Device Trackers. "While these giants put pressure on the rest of the market, in that location continues to be plenty of innovation and differentiaion amidst the smaller brands and this long tail of the market will carry on for the forseeable future."

The top position in the global wearable market was dominated past Apple in 2019 by selling 106.5 meg units of AirPods, AirPods Pro, Apple Watch, and Beats products. Apple's market place share rose from 27 percent to 31.vii per centum in 2019, resulting in year-over-year growth of 121.seven percent. However, the report mentions that Apple Lookout shipments reduced by 5.2 percent in the concluding quarter due to shortages in the supply concatenation.

idc wearable market shipments

Even though Xiaomi holds the second place in the list with 41.7 million shipments, the company'southward market place share is on a decline. To be specific, the market share dropped from 13.1 pct in 2018 to 12.4 percent in 2019.

idc wearable market share — Credits: IDC

As per IDC, the total number of wearable products sold in 2019 is 336.5 million, an 89 per centum increment from 178 million units in 2018. Overall, wireless earbuds/headphones led the global wearables marketplace with 170.5 1000000 shipments, followed by 92.5 meg smartwatches and 69.4 million fitness bands.