Data released by Canalys shows that the global wearable device market grew 5.6% in the second quarter of 2021 compared to the same period last year. During this period, about 40.9 million wearable devices were shipped.
Chinese tech giant Xiaomi has overtaken Apple to become the top-selling wearable brand in Q2 2021. The Mi Smart Band 6 performed very well despite the fact that it was not launched in India during this period. Now, after the release of Mi Band 6 in India, sales will continue to grow.
The third place is held by the Chinese tech giant Huawei, followed by Fitbit, and Samsung rounded out the top five. Smartwatches are replacing fitness bracelets, and here Apple leads with a market share of 31.1%. The second place is occupied by Huawei with a share of about 9%. Next come Garmin with a share of 7.6%, Samsung with 7% and Xiaomi with 5.7%.
Smartwatches now account for 62% of the world’s wearable device shipments. This trend will continue as manufacturers increasingly develop models packed with many important features. Apple is also expected to maintain its leadership in the smartwatch market in the third and fourth quarters. With the release of the Watch Series 7 in the fourth quarter, sales will rise.
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