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TWS segment sees significant growth in 2020, more to come in 2021

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Ricky 15 January 2021

Apple Xiaomi Android iOS Wearables Headphones Misc

A new report released by Counterpoint Research, says the wearables market continues to grow quickly. The latest research shows that 52% of wearables in Q3 2020 consisted of hearables. Smartwatches and fitness trackers accounted for 41%. Skinwear, bodywear, and eyewear accounted for the remaining 7% share.

 Counterpoint Research. *Includes smartwatches and bands. Source: Counterpoint Research. *Includes smartwatches and bands.

The hearables category alone has grown by 83% compared to 2019. A total of 238 million hearables units are were sold last year.

The trend around removing jacks and earphones from devices and boxes is becoming a big drivers for TWS segment growth […] It also helps that mobile media consumption continues to grow, making TWS the next must-have accessory.” – Liz Lee, Counterpoint Research Senior Analyst

Smartwatches, meanwhile, have seen stifling growth towards the end of 2020, but are expected to see a small uptick in 2021. Senior Analyst Sujeong Lim says “The normalization of economies coupled with increased interest in health and fitness will help the smartwatch market grow.” If the selling price of smartwatches steadily drops, Lim predicts the segment to continue to grow.

Wireless (TWS) earphones are seeing immense growth, expected to keep growing in 2021

Going back to hearables, Apple was still in the lead as of Q3 2020 with 29% market share. Xiaomi came in second with 13% and Samsung is a distant third with 5%.

Five of the top ten brands sold budget TWS hearables with price points below $50. Hearables are becoming more and more affordable and will continue to grow in market share as demonstrated by Xiaomi being in the number two spot. Realme is currently at 2% share in Q3 2020, but analysts believe that the brand’s strong online presence and its history with exploding smartphone market share could mirror with hearables as well.

Source

Related articles
  • Counterpoint infographic details the smartphone market in Q3 Counterpoint infographic details the smartphone market in Q3
  • Counterpoint: India TWS Shipments explode in Q3, unexpected market leader Counterpoint: India TWS Shipments explode in Q3, unexpected market leader
  • Counterpoint: Samsung reclaims top spot in India as country sees record smartphone shipments Counterpoint: Samsung reclaims top spot in India as country sees record smartphone shipments

Reader comments

?
  • Anonymous
  • PwI
  • 15 Jan 2021

They treat customers like garbage by doing things like removing the headphone jack... and customers give them exactly what they want

  • Reply
?
  • Anonymous
  • SXm
  • 15 Jan 2021

Top 3 spots are smartphone makers who ditched 3.5 jack, and exactly in order in which they ditched it - apple was first, then xiaomi then samsung.

  • Reply
?
  • Anonymous
  • rKd
  • 15 Jan 2021

Looks like Skullcandy.. not sure though

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 6

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