Wearable unit shipments -- additional information
The wearable industry has been growing at a fast pace in the last few years. About 38 million wearables were shipped worldwide in the fourth quarter of 2017 alone, an increase from the previous year, when 34 million units were shipped in the same quarter. Around 348 million units – smartwatches, fitness monitors, chest strap, body-worn cameras, Bluetooth headsets and many other devices – are projected to be shipped in 2018 alone.
Fitbit was overtaken by Apple and Xiaomi in 2017 and fell to market number three. Apple is currently the biggest wearable vendor, with 15.3 percent of the market share in 2017. Thanks to the introduction of the Apple Watch to the consumer market in April of 2015, the technology company quickly grew its market share in the smartwatch market, previously led by Samsung. Apple shipped about 17.7 million units in 2017.