Xiaomi tops the global wearable gadget market

Xiaomi managed to overtake Huawei and take the first place in the market of wearable electronics in the second quarter of 2021. This is stated in the report of analytical agency Canalys.

Compared to the second quarter of 2020, Xiaomi's share decreased from 20.1% to 19.6%, despite an increase in shipments from 7.8 million to 8.0 million devices (+2.6%). Nevertheless, the Beijing-based company managed to rise to the first line at the expense of Huawei's decline. The Shenzhen-based manufacturer dropped to third place, taking 9.2% of the market against 21% in the baseline period. Huawei shipped 3.7 million wearable gadgets (-53.9%) in the second quarter of this year.

Between Xiaomi and Huawei settled California giant Apple. Its market share increased from 15.8% to 19.3%, and the volume of shipments - from 6.1 million to 7.9 million units (+29.4%). Fitbit (3 million, 7.3%) and Samsung (2.5 million, 6.1%) were also in the top five. The latter more than doubled the supplies (+114.4%).

All other manufacturers together accounted for 38.6% of the gadgets (15.8%). Compared with the same period last year, deliveries have grown by 20.7% and the share has increased by 38.6%. The market itself increased by 5.6% to 40.9 million devices.

Xiaomi was able to lead the market due to the great popularity of Mi Band sports bracelets. But in the segment of smart watches it is only in fifth place with a share of 5.7%, having shipped 1.5 million devices. The undisputed leader is Apple with a share of 31.1%. The top 5 also includes Huawei (2.3 million, 9%), Garmin (1.9 million, 7.6%) and Samsung (1.8 million, 7%).

Source: Canalys