As per the reports, in the year 2020 the growth of
wearable’s like Smartwatches and true wireless stereo (TWS) has been increased.
It was mentioned in the report that 29% of TWS products and 28% of
smartwatches are been dispatched by Apple. In Q3 2020, the dispatching of the total ear wear section was
ranked as 52% and about 41% by smartwatches. On average the total market in
Q3 2020 is 93%.
In Q3 2020 the dispatching details of the wearables are
offered by Counterpoint Research as per the new report. Further, it was
mentioned that the TWS segment was the biggest growth of the year 2020. In Q3 2020
the dispatching of TWS is about 29% which is followed by Xiaomi that is the
13% market share.
According to the reports, dispatching of wearables of
Samsung and JBL are responsible for 5% of TWS shipments in Q3 2020. Realme and
Sony was part of the top 10 TWS list, however Sony with 2% of the market
share.
Counterpoint Research
senior analyst Liz Lee commented “Building on strong hearable momentum, recent
entry into smartwatches and strength in online, Realme could repeat its smartphone success to become 2021's dark horse in
wearables”.
The
annual TWS dispatches will grow 83% to 238 million units expectedly, the report
says. However, the smartwatches will grow up to 2% to 100 million marks. There
was a big potential in the budget offerings. In Q3 2020 half of the top 10 TWS
producers were budget brands with sub-$50 and offered even sub-$20. This plan
in Q3 2020 takes spot number 2 and the company which gets huge success
is Xiaomi.
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