360° Coverage : Samsung, Nike and Garmin Most Successful Smartwatch Companies

1 Updates

Samsung, Nike and Garmin Most Successful Smartwatch Companies

Feb 22 2014, 5:02pm CST | by

With 3 million smartwatches sold in 2013 compared to 0.3 million in 2012, the global smartwatch industry has multiplied tenfold in the last year. The ten leading smartwatch companies reached a market share of 82%. An exploding number of hardware vendors and the definition of app standards will result in a continued high growth in 2014. Software will outpace hardware as the key value driver. These are the most important findings of independent research company Smartwatch Group.

Zurich, Switzerland, February 22, 2014 --(PR.com)-- Top 10 smartwatch companies highlight industry dynamics. The activity tracking, sports performance measurement, smartwatch and conventional...

Filed under: news

YouTube Videos

 
 
 

34 weeks ago

Samsung, Nike and Garmin Most Successful Smartwatch Companies

Feb 22 2014, 5:02pm CST | by

With 3 million smartwatches sold in 2013 compared to 0.3 million in 2012, the global smartwatch industry has multiplied tenfold in the last year. The ten leading smartwatch companies reached a market share of 82%. An exploding number of hardware vendors and the definition of app standards will result in a continued high growth in 2014. Software will outpace hardware as the key value driver. These are the most important findings of independent research company Smartwatch Group.

Zurich, Switzerland, February 22, 2014 --(PR.com)-- Top 10 smartwatch companies highlight industry dynamics.

The activity tracking, sports performance measurement, smartwatch and conventional watch markets are rapidly growing together. Members of all four markets are represented in the Top 10 smartwatch companies:

Company; Headquarter; Name of smartwatch*; Units shipped 2013; Market volume 2013 (USD); Market share 2013

Samsung; South Korea; Galaxy Gear; 800,000; 240 million; 33.8%
Nike; US; Fuelband (incl. SE); 400,000; 60 million; 8.4%
Garmin; Switzerland; Forerunner 220/620, D2, S4; 200,000; 60 million; 8.4%
Fitbit; US; Fitbit Force; 450,000; 59 million; 8.2%
Sony; Japan; SmartWatch; 250,000; 50 million; 7.0%
Pebble; US; Pebble Watch; 300,000; 45 million; 6.3%
Shanda; China; Geak Watch; 100,000; 30 million; 4.2%
Mio Alpha; Canada; Heart Rate Sport Watch; 100,000; 20 million; 2.8%
Yingqu; China; InWatch One; 50,000; 13 million; 1.8%
Casio; Japan; G-Shock Bluetooth; 50,000; 10 million; 1.4%
Other; 30 companies; 450,000; 125 million; 17.6%
Total; 3,150,000; 711 million; 100%

* Definition of smartwatch: wrist-worn device with indication of time and wireless Internet connection.

Exploding number of smartwatch vendors in 2014

Based on profound insights into global R&D activities, Smartwatch Group expects the number of companies with smartwatch offerings to grow from 40 to 200 until the end of 2014. The market volume of the smartwatch industry will increase from USD 0.7 to 2.5 billion in 2014, while the average price per smartwatch will decrease from 225.- to 205.-. “Key reasons for growth in 2014 are advances in product design and significantly improved use cases,” says Pascal Koenig, Managing Director of Smartwatch Group.

Software outpaces hardware as value driver

Revenues of the smartwatch industry will remain to be predominantly hardware-based. However, the real driver of the smartwatch industry in 2014 is software. First app standards have evolved, and Google and Apple will significantly contribute to this trend with their own product offerings. Apps will enable use cases that significantly outmatch today’s activity monitoring and notifications.

“App developers and hardware providers form a virtuous circle: the more relevant smartwatch apps there are, the higher hardware sales, the better and more affordable hardware, which again attracts more app developers,” says Pascal Koenig. “With 30,000 software developers working on smartwatch apps, the critical mass has been reached now.”

Contact Information:
Smartwatch Group
Pascal Koenig
+41 44 586 84 44
Contact via Email
www.smartwatchgroup.com

Read the full story here: http://www.pr.com/press-release/543789

Press Release Distributed by PR.com

Source: PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

Spanish nurse cured of Ebola
Madrid, Oct 21 (Xinhua) Spanish nursing auxiliary Teresa Romero was pronounced cured of the Ebola virus disease according to World Health Organisation (WHO) guidelines after the results of a second test confirmed Tuesday that she no longer had the virus in her blood.
 
 
Clinical trials of Ebola vaccine start Nov 1 in Switzerland
Geneva, Oct 21 (IANS/EFE) The World Health Organisation (WHO) announced Tuesday that it will begin clinical trials Nov 1 in Switzerland of one of the two anti-Ebola vaccines currently under development.
 
 
Colombia to launch world's first floating gas liquefaction plant
Bogota, Oct 21 (IANS/EFE) The world's first floating gas liquefaction plant is due to begin operating next year off the coast of northern Colombia under a pact between Canada-based Pacific Rubiales Energy and Belgian shipbuilder Exmar.
 
 
Paralysed man walks again after pioneering cell therapy
London, Oct 21 (IANS/EFE) A paralysed man has been able to walk again after therapy that involved transplanting cells from his nasal cavity into his spinal cord, the BBC reported Tuesday.
 
 
 

Latest from the Network

Keira Knightley was 'a goody two-shoes'
Keira Knightley was ''a goody two-shoes'' when she was younger. The 29-year-old actress claims she was a ''boring'' well-behaved child and never skipped school because she didn't want to upset her parents or teachers....
Read more on Celebrity Balla
 
Kat Dennings is in love with Kim Kardashian
Kat Dennings thinks Kim Kardashian's butt is ''amazing.'' The '2 Broke Girls' actress was ''very nervous'' when the 'Keeping Up with the Kardashians' star filmed a cameo for the show's 80th episode and was too shy to...
Read more on Celebrity Balla
 
Taylor Swift doesn't 'need some guy' for inspiration
Taylor Swift is ''figuring out how to cope'' with life on her own. The 'Shake It Off' hitmaker hopes her upcoming album, '1989,' will prove she doesn't ''need some guy'' to help her ''make a great record'' or to feel...
Read more on Celebrity Balla
 
Sarah Hyland is 'great'
Sarah Hyland says she is ''great'' after obtaining a restraining order against her ex-boyfriend. The 'Modern Family' star is happy to be focusing on her career again after a judge recently granted her a three-year...
Read more on Celebrity Balla
 
India re-elected to UNHRC for two years
United Nations, Oct 21 (IANS) India was Tuesday re-elected to the United Nations Human Rights Council (UNHRC) for the term 2015-2017 in a keenly contested election in the UN General Assembly in New York. Other...
Read more on Politics Balla
 
Spanish nurse cured of Ebola
Madrid, Oct 21 (Xinhua) Spanish nursing auxiliary Teresa Romero was pronounced cured of the Ebola virus disease according to World Health Organisation (WHO) guidelines after the results of a second test confirmed...
Read more on Business Balla
 
Gurdwara closed in Belgium
Brussels, Oct 21 (IANS) The mayor of the town of Vilvoorde in Belgium, Hans Bonte, has ordered the closure of the local gurdwara, Guru Nanak Sahib, for one month. Belgian media Tuesday charged that the Sikh temple "...
Read more on Politics Balla
 
Air strikes kill 28 militants in Pakistan
Islamabad, Oct 21 (IANS) At least 28 militants were killed when the Pakistani army launched an air strike in the country's northwest tribal town of Datta Khel Tuesday, military said. In a statement, Inter Services...
Read more on Politics Balla
 
Report reveals large-scale torture in China's 'Black Jails'
Beijing, Oct 21 (IANS/EFE) The use of hotels and factories as clandestine prisons where thousands of people -- mostly women -- are tortured to prevent their complaints against the government from coming to light has...
Read more on Politics Balla
 
Clinical trials of Ebola vaccine start Nov 1 in Switzerland
Geneva, Oct 21 (IANS/EFE) The World Health Organisation (WHO) announced Tuesday that it will begin clinical trials Nov 1 in Switzerland of one of the two anti-Ebola vaccines currently under development. WHO Assistant...
Read more on Business Balla