Tip Us Hey you, we are hiring! Join us if you are an author, developer or designer!

Chinese vendors shipped 9.54 million wearables in Q2, 2016.

15 September 2016 8

Chinese vendors reportedly shipped over 9.54 million wearables in Q2, 2016 an increase of 81.4% from a year ago, according to market tracker IDC.

IDC’s China Wearable Device Market Quarterly Tracker, 2016 Q2 reported that shipment of wearable devices including wristbands, children’s watches and smart running shoes increased by 92.1% in Q2, 2016, while smart wearables like smart watches increased 3.4% from a year ago.

IDC attributes the rapid growth in China’s wearable device market to the ability of the Chinese firms to adapt new technology with ease. The report states that Chinese vendors shifted their focus from hardware to software, and focus more on developing wearable applications and software to improve the user experience. Chinese vendors pioneered the launch of public transit payment wristbands in 2015, and now the technology is present in all China-made wearable devices. Smartwatch makers like Mobvoi and Huami introduced offline music storage to their smartwatch ranges.

Many Chinese vendors have started shipping products to important market overseas, like India and US which have helped them in grabbing a bigger market share in the wearable industry.

“Unlike basic wearable products in overseas markets where fitness tracking is their main function, basic wearable devices in China are of much richer product forms and offer more functionality. This has enabled the fast expansion of China’s basic wearable device market,” said Jean Xiao, Research Manager at IDC China. “Meanwhile, unlike their international counterparts, Chinese vendors have a more profound understanding of local market segments. Cost-effective products and precisely targeted marketing and sales strategies appeal to Chinese consumers more easily."


An earlier report by IDC had stated that the wearable market will grow at a CAGR of 29% in 2016 to reach 101.9 million, and will reach 213.6 million by 2020. The growth in the sector will be propelled by the emergence of different kinds of wearables including eyewear, smart clothing and more.


8

comments

Chinese vendors shipped 9.54 million wearables in Q2, 2016.
Write a comment...
StefanieRoy

The good thing about these products from China is that they are pretty cheap and yet can stand up to the international standards. That's why they are adopted easily elsewhere too.

DahliaSachi

See, it's an increase of 81.4% since the previous year. And if we consider the passive state of these companies, then yes probably. That number could have been a tad better than this.

Android

Samsung unveils Exynos 2200 with AMD RDNA 2-based Xclipse GPU

Android

OnePlus 10 Pro with Snap 8 Gen 1, 120Hz display, improved cameras launches

Android

Asus ZenBook 17 Fold OLED is both a Windows tablet and laptop

Android

Huawei P50 Pocket foldable with flip design, SD888, 120Hz display is here