Business Standard Global wearable band market grew 5.6% in second quarter: Report
The global wearable market, as a whole, grew 5.6 per cent year-on-year (YoY) with 40.9 million units shipping in the second quarter of 2021, largely due to sales of smartwatches at the expense of basic bands, says a new report. According to research firm Canalys, the boost was driven by Apple, which continues to dominate the market with its Watch models, reports Engadget. The report noted that smartwatch sales took over from basic bands (sports bands, etc.) back in Q4, 2020 and now account for 62 per cent of all wearable band shipments. Apple now accounts for 31.1 per cent of the smartwatch market and 19.3 per cent of the wearable band market overall, second only to Xiaomi in number of shipments.