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Samsung dominates the smartwatch market as it ships 500,000 smartwatches in Q1

Samsung Gear Fit
Samsung Gear Fit
Desmondma - Wikimedia Commons

A report released today, May 19 by U.K based Strategy Analytics shows that Samsung shipped over 500,000 smartwatches during the first three months of 2014, compared to shipping just 475,000 during the entirety of 2013. Their is no doubt that the smartwatch, and wearable segment in technology is heating up, and with new devices set to be unveiled by Google, LG, Motorola, and Apple later this year, the battle for your valuable wrist space will be heating up.

During the first three months of the year, South Korean tech giant Samsung shipped (not sold) 500,000 units capturing roughly 71 percent of the smartwatch market. The report also showed that other manufacturers of smartwatches did not excel as much as Samsung as Sony shipped just 80,000 units capturing 11.4 percent of the market, along with Pebble who shipped the same amount. Motorola and Qualcomm shipped just 10,000 units each and captured 1.4 percent of the market space.

The original Samsung Galaxy Gear watch was released in 2013, and while it received lots of press, the device never really took off due to poor availability, and equally poor battery life. Early in 2014 Samsung decided to try again and they released the Samsung Gear 2, the Gear Neo, and the Gear Fit. Perhaps the biggest omission from these devices was the Android based operating system that Samsung has always used, instead opting to use its own mobile operating system known as Tizen. Feedback so far has been well received, with consumers claiming that the devices are easier to use, offer greater technology, and offer greatly improved battery life.

The smartwatch market is set to explode in just a few short weeks with Google set to announce its entry into the wrist-worn market. It is widely expected that Google will announce the Android Wearable, or Google Now watch during its Google I/O conference in June, with LG, and Motorola announcing their devices shortly after. Apple are also expected to be a player in this market with the release of the rumored iWatch in September. Analysts are predicting that the smartwatch segment will become bigger than the tablet market in just a couple of years, and with 3 million smartwatches expected to be shipped this year, compared to last years 1 million, one can see why.

Source: Strategy Analytics