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Wearable Market Expected to Reach Global Shipments of 223 Million Units in 2019

Currently, Chinese brands such as Xiaomi and Huawei have been leading the wristband wearable market and more than half of all wristbands are expected to be shipped in China

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Augmented Reality (AR)-powered wearable computers can help those with ASD gain confidence, clarity, understanding, social integration and self-sufficiency. Flickr

The wearable market is expected to reach global shipments of 222.9 million units in 2019 with earwear and watches accounting for more than 70 per cent of all wearable shipments by 2023, a report by the International Data Corporation (IDC) suggests.

In its new Worldwide Quarterly Wearable Device Tracker report, the IDC has said that watches are forecasted to grow from 91.8 million units in 2019 to 131.6 million in 2023, with Apple expected to capture 25.9 per cent share of all watches in 2023.

On the other hand, ear-worn devices are expected to grow from 72 million units in 2019 to 105.3 million in 2023.

“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,” said Ramon T. Llamas, Research Director, wearables team, IDC.

IDC, Apple, Global Wearables Market
Global shipments of wearable devices reaches 223 million units. Pixabay

“Ear-worn devices, while still centered on providing audio, will nudge into other areas like language translation, smart assistant deployment, and coaching.”

However, IDC predicts that wristbands would see a flat shipment growth throughout the 2019-2023 forecast with a compound annual growth rate (CAGR) of 0.3 per cent.

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The report predicts that wristbands shipments is expected to grow minutely from 54.2 million units in 2019 to just 55 million units in 2023.

Currently, Chinese brands such as Xiaomi and Huawei have been leading the wristband wearable market and more than half of all wristbands are expected to be shipped in China. (IANS)

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Chinese Smartphone Manufacturer Huawei Ships 100 mn Smartphones Globally in 2019

The company, betting big on the 5G network rollout in India, is set to start trials with partner telcos soon and is also looking at capturing a bigger share of the Indian smartphone market

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Attendees pass by a Huawei booth during the 2019 CES in Las Vegas, Nevada, Jan. 9, 2019. VOA

Chinese smartphone manufacturer Huawei has shipped 100 million smartphones till May 2019.

Huawei consumer business group’s smartphone product line president He Gang revealed the numbers at a Nova 5 smartphone launch event in China, news website Gizmo China reported on Friday.

In addition, Huawei Watch GT, a smartwatch, has sold more than two million units globally since launch in October 2018.

Huawei, Trump, information
People walk past an advertisement for Huawei at a subway station in Hong Kong. VOA

According to Huawei founder and Chief Executive Ren Zhengfei, smartphones banned by the US administration would cost the company $30 billion in revenue this year and sales outside China has dropped 40 per cent in the past month. The company’s overseas business would be mainly affected by the US export control.

Also Read- Infosys Relying on Automation for Digital Transformation of Their Clients’ Business

Meanwhile, the company has been facing growing pressure from the US in recent months, especially after Washington issued an export control that partially bans US tech companies from exporting components and technologies to them.

The company, betting big on the 5G network rollout in India, is set to start trials with partner telcos soon and is also looking at capturing a bigger share of the Indian smartphone market. (IANS)