Global wearables market grows 7.3%

The worldwide wearables market took another step forward in the third quarter of 2017  with total shipment volume reaching 26.3 million units, up 7.3% year over year, according to IDC’s Worldwide Quarterly Wearable Device Tracker. But while the overall market showed continued growth, it also showed a growing trend towards smart wearables (devices capable of running third party applications) and away from basic wearables (devices that do not run third party applications).

Basic wearables – with devices coming from Fitbit, Xiaomi, and Huawei – helped establish the wearables market. But as tastes and demands have changed towards multi-purpose devices – like smartwatches from Apple, Fossil, and Samsung – vendors find themselves at a crossroads to adjust accordingly to capture growth opportunity and mindshare.

Ramon T. Llamas, research manager for IDC’s Wearables team.

 

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