Apple Watch continues to dominates the smartwatch market
IDC, a market intelligence firm, predicts that Android smartwatches are dominating the market in China, while the Apple Watch continues to dominate the global smartwatch market. In the struggle of competing in smartwatch market, Samsung’s Tizen smartwatches are down in fifth place.
According to IDC, the importance and demand of ear-worn smart gadgets will increase, but the domination of Apple products in the market of smartwatches will remain unchallenged. It is expected that Apple will have a market retention of 25.9% by the year 2023.
In coming years, it is said that demand of cellular models of these wearables will increase making them even more popular. IDC believe that the in-ear headphones will also increase in number, usage and importance. Wearables market is about to witness growth during the period of next four years.
Asked why Apple will remain the industry leader in the smartwatch sector, the firm attributes it to the increasing demand for the companies [sic] products.
“Apple’s […] nearest competitors follow by a long margin,” said Ramon T. Llamas, research director for IDC’s Wearables team. “Android also plays a big role here, but it’s mostly known as a Chinese wearables platform.”
Among all watches, close to half will have the ability to connect to a cellular network by 2023 as consumers along with enterprises and healthcare look to free the watch from the phone and as telcos push forward subsidies or financing options for watches with cellular service.
Smartwatches, as always, will still tell you the time, but will move deeper into health and fitness and connect with multiple applications and systems, both at work and within the home. Ear-worn devices, while still centered on providing audio, will nudge into other areas like language translation, smart assistant deployment, and coaching.
The market for wearable devices is on track to reach global shipments of 222.9 million units in 2019, growing to 302.3 million units in 2023 with a compound annual growth rate (CAGR) of 7.9%, according to a new forecast from International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Behind that growth is the propagation of smartwatches and ear-worn devices, which will account for more than 70% of all wearable shipments by 2023.
One of the recent readers survey suggest that in the next few years Apple Watch could also replace your iPhone.