From Smart Phones to Tablets, NotePads and Phablets and now to Wearable Bands, the market for smart gadgets just keeps growing. Buzzed as the next big thing is the technology market, the Wearable Bands, both basic and smart versions, are small devices worn on the body, monitoring and providing statistics on a variety of attributes, especially on fitness, lifestyle and health.
Canalys, an independent analyst company covering technology sectors, in its recently published country level quarterly estimates, expects a total of 2.7 million wearable bands shipped worldwide in Q1 2014, with smart bands making up close to 500,000 units. Pebble Technology leads the market for the smart wearable sectors, followed by Sony and Samsung, with shares of 35%, 29% and 23% respectively.The interesting stat from the popular research firm’s report is that Fitbit holds a whopping 50% market share and is dominating the basic (fitness) bands segment with its wearable products like Flex,Zip,One,Force and Aria Bands.
Pebble started as a crowd-funded project on Kickstarter and they surely didn’t expect it to be so successful. Pebble and Pebble Steel are definitely one of the best smartwatches out there at this time. They’re about to get some stiff competition when Android Wear devices from LG,Motorola and others coming later this year. Apple is also entering smartwatch arena with iWatch, but for now they’re leading the pack.
But Canalys warned that market share in the nascent smartwatch/smart band segment can be very fluid and will likely “continue to change frequently as new products are released and will continue to do so throughout 2014.”
Pebble is doing a great job so far and we hope they’ll continue on doing that. Does it surprise you? Do you own a Pebble or maybe another smartwatch?
Pebble dominates the smart wearables sector in Q1 2014:Canalys
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