European Wearable Market Continued to Grow in 2Q21

European Wearable Market Continued to Grow in 2Q21

In the second quarter of 2021, the Wearable market in Europe grew 28.5% compared to the same period of 2020, according to IDC. 21.2 million units were shipped to the region between April and June.

"Though disruptions in the supply chain continued, the wearable market in Western Europe grew 24.6% year over year (YoY) overall due to the Olympic Games and heightened interest in health monitoring in both the consumer and commercial segments," said Kyla Lam, research analyst for wearable devices for Europe. Basic wearable grew 21.2%, including earwear and smart glasses, while smart wearable grew 39.7%, which mainly includes smartwatches only."

"In Central and Eastern Europe, the wearable market grew a promising 40.6% overall, clearly showing signs of recovery from last year. With more promotional campaigns and channel expansions, basic wearable grew 38.4% while smart wearable grew 60.3%," added Lam.

In 2025, the wearable market is expected to reach 170.0 million units in Europe and grow at a CAGR of 13.2% in 2020–2025. "Wearable products will continue to grow as seasonal sales continue and the holiday season emerges, and customers will be incentivized to trial smart products for personal use and gift giving," said Lam.

Watches accounted for 29.8% of the market, reaching 6.3 million units, a growth of 54.0%, with Apple taking the lion's share of this product, surpassing all other smartwatch makers with rapid growth of 131.0% due to reduced prices in Watch Series 3, increased demands from Watch SE and upgrades from Series 4 and 5 to Series 6. Meanwhile Huawei became top 1 in basic watch shipments with 74.3% growth due to its popularity in Germany and Poland. Garmin ranked third with Vivoactive collections securing sales demands.

Glasses showed a jump of over 8,012.8% growth due to increased interest from participants such as Bose, Razer. IDC expects this jump to carry over in the following quarter due to the release of Ray-Ban Facebook smart-glasses. Earwear accounted for 11.6 million units in the European market, this category remained the largest product share in the wearable market with 54.8% share. Truly Wireless had the highest market share in the earwear category, with Apple leading the market, followed by JBL and Xiaomi.

More from category

Global PC Shipments Grow for Sixth Consecutive Quarter

Global PC Shipments Grow for Sixth Consecutive Quarter

21 Oct 2021 comment

Global PC shipments marked their sixth consecutive quarterly growth in 3Q21 at 84.2 million units, according to Counterpoint Research.

Cybersecurity and Hybrid Working are Top Priorities for Enterprise IT

Cybersecurity and Hybrid Working are Top Priorities for Enterprise IT

20 Oct 2021 comment

The pandemic has changed technology priorities for organizations worldwide, according to a report from research group Omdia on the future of work.

Four Technologies That Will Have High Impact on Digital Commerce

Four Technologies That Will Have High Impact on Digital Commerce

20 Oct 2021 comment

Over the next two years, visual configuration, digital wallets, customer identity and access management (CIAM) and virtual customer assistants (VCAs) will have high impact on digital commerce as mainstream adoption of these technologies increases, according to the 2021 Gartner Hype Cycle for Digital Commerce.