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.