Smart wearables led by smart watches Vs basic wearable devices in China
The market dynamics in China when it comes to wearable devices are perfectly
very particular on the fact that, unlike
basic wearable products in overseas markets where fitness tracking is their
main function, basic wearable devices
in China are of much richer product forms and offer more functionality.
This has enabled the fast expansion of China’s basic wearable
device market,” said Jean Xiao, Research Manager at IDC China.
Chinese vendors have a more profound understanding of local
market segments. In effect, cost-effective
products and precisely targeted marketing and sales strategies plea to Chinese
consumers more easily. Local vendors’
ability to adapt quickly and cultivate new market segments intensively is
very exciting.
According to IDC, shipments of basic wearable devices such as
wristbands, children’s watches and smart running shoes grew by 92.1%, while
smart wearables led by smart watches were up by 3.4% from a year earlier.