Wearables Market is Starting to Split into “Basic” and “Smart” Wearables
The worldwide wearables market took a step in the right direction in Q3 2017, according to the latest figures from global markets research firm IDC. According to IDC’s data, total wearables shipment volume reached 26.3 million units in Q3, which represented a 7.3 percent increase over the same period last year.
What’s interesting, though, about IDC’s data on wearables shipments, is that it showed the clear emergence of a split between two categories of wearable—smart wearables, and basic wearables. Smart wearables, in this instance, are wearables that are capable of running third party applications, so basically your smartwatches like the Apple Watch. Basic wearables are essentially everything else, so fitness trackers, smart rings, and other smart jewelry-like accessories. Smart wearables, according to IDC, almost exclusively drove the growth for the wearables market as a whole.
"The differing trajectories for both smart and basic wearables underscore the ongoing evolution for the wearables market," Ramon T. Llamas, research manager for IDC’s Wearables team, said in a statement. "Basic wearables—with devices coming from Fitbit, Xiaomi, and Huawei—helped establish the wearables market. But as tastes and demands have changed towards multi-purpose devices—like smartwatches from Apple, Fossil, and Samsung—vendors find themselves at a crossroads to adjust accordingly to capture growth opportunity and mindshare."