GLOBAL SMART WEARABLE MARKET GREW 29.7% IN WORLD – Worldwide shipments of wearables grew more than 29% year over year in the first quarter of 2020, with total device volume hitting 72.6 million units, according to a Thursday report by market research firm IDC. Much of that increase was fueled by growth in hearables and wristbands, as smart and basic watches saw a decline.
GLOBAL SMART WEARABLE MARKET GREW 29.7% IN WORLD –
Fitbit landed in fifth, seeing a 26.1% decline during the quarter, since much of its production was based in China, which experienced supply issues for several weeks.
Earwear, which accounted for less than 2 percent of the market in 2018, is set to claim a 6.8 percent market share by 2022. The bulk of this growth is being driven by the gradual disappearance of the traditional headphone jack on modern devices.