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Wearable electronics sales up 28.4% in 2021. The popularity of headphones and watches is growing, while fitness bracelets are falling
According to the latest data from the International Data Corporation (IDC), global shipments of wearable devices reached 153.5 million in the fourth quarter of 2021 — up 27.2% from a year earlier. Shipments for the full year increased by 28.4% to 444.7 million units. This growth, as analysts say, is due to the redistribution of spending from leisure to electronics due to quarantine.
“While wearable spending in Q4 was driven by new product launches and typical holiday seasons, the pandemic also benefited the market as it put health and fitness first in the minds of many consumers,” said research manager for IDC Mobile Device Trackers. Jitesh Ubrani. — Home fitness programs are fast becoming an essential component of wearable devices for many companies. In addition, the proliferation of health sensors such as body temperature, ECG and heart rate sensors is enabling users and healthcare professionals to better detect and track diseases. «.
However, the growth of the wearable device market has not been steady, and many companies and products have been affected by the shortage of semiconductors. In particular, the market for fitness bracelets even declined by 17.8% in the quarter — currently this category of devices is only 11.5% of all shipped. Headphones were the largest category of devices: their market share was 64.2%, followed by wristwatches with a share of 24.1%.
“Headphones have become must-have devices in 2021,” said Ramon T. Llamas). «Headphones have provided a new level of privacy, especially during home quarantine, but also in public places.». The growth was also driven by the release of new and more advanced fully wireless headsets from leading companies.
Apple topped the wearable market again with a 36.2% share in the quarter. Deliveries of her watches grew by 45.6% thanks to the attractiveness of three models at different prices (Series 6, Watch SE, Series 3). AirPods shipments also rose during the quarter, although growth slowed to 22% (compared to Q4 2021) versus 28% and 29% in the previous two quarters.
Xiaomi ranks second with 5% more shipments over last year. Curiously, shipments of popular Mi Band series bracelets dropped 18.3% due to supply issues. The growth was driven by the expansion of the headphone assortment, with shipments up 55.5% yoy, mainly driven by China and Asia.
Samsung ranked third with headphone growth as the company shipped 8.8 million units. Inexpensive Samsung bracelets were also in high demand and were able to compete with Chinese suppliers in several markets, although the total sales of these devices remain relatively low at 1.3 million units. Cumulative shipments of smartwatches fell to 2.9 million units in the fourth quarter.
Huawei dropped to fourth place — mainly due to difficulties caused by tough US sanctions. While shipments to China rose 9.4% year-on-year, their presence in previously important markets for the company declined such as the Asia-Pacific region (excluding Japan and China), the Middle East, Africa and Western Europe. The company gradually began to move away from bracelets in favor of watches, as evidenced by an 18.2% increase in watch shipments and a 33.7% decrease in bracelet shipments.
Closes the top five of BoAt leaders with 5.4 million units shipped in the IV quarter of 2021. However, the company only operates in India and focuses almost exclusively on the headphone segment. As such, global expansion could be challenging as the global wearable market continues to be dominated by international brands.