#wearable market

Canalys’ latest market report showed that Xiaomi tied with Apple as top wearable vendors globally in Q3 of 2024. Both companies captured 16.1% market share and an estimated 8.5 million shipments. “These diversified offerings enable Xiaomi to target multiple price segments, helping to capture a larger market share,” said Jack Leathem, Research Analyst at Canalys. “The adoption of AMOLED displays and advanced tracking features has revitalized the basic wearable band market,” added Leathem. HUAWEI has once again claimed the top spot in the global wearable market, according to the latest International Data Corporation (IDC) report for Q2 2025. The company recorded a 20.2% market share, marking the second straight quarter it has led the worldwide wearable segment. This puts HUAWEI ahead of other major brands in the category, reinforcing its growing presence in the smartwatch and fitness tracker market. HUAWEI’s growth comes from its expanding lineup of wearables, including the HUAWEI FIT 4 Series, WATCH 5 Series, and GT 5 Series, as well as its health-focused innovations. Read more in our articles including "Xiaomi, Apple tie as global top vendors of smartwatches, fitness bands in Q3 2024 –Canalys" and "HUAWEI tops global wearable market for Q2 2025".