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Omdia's latest data shows that the global shipments of wearable devices will exceed 200 million units by 2025, an increase of 6% year-on-year. Xiaomi has returned to the top of the list for the first time since 2020, with an 18% market share, making it the largest wearable device manufacturer in terms of annual shipments globally. Apple follows closely behind with 17% to rank second, while Huawei ranks third with 16%. The trend of market consolidation is evident. The top five manufacturers also include Samsung (9%) and Garmin (5%), with particularly fierce competition among the top three.