Samsung, Pebble Dominate Smart Watch Market
The market for smart watches, we keep hearing, are poised for a breakout, leading to heavy industry competition. But as of now, at least, just two manufacturers have most of the market to themselves.
The NPD Group said this week that two companies- Samsung and Pebble- have dominated sales of smart watches sold since last fall. Samsung is the top seller, with 78 percent of the market, with Pebble holding 18 percent, with no other competitors gaining any type of foothold.
“The smartwatch market is poised to continue to grow in 2014” Ben Arnold, executive director of industry analysis at NPD, said in a statement. “With nearly $100 million in US sales in less than a year, the category is off to a promising start with just two major brands.”