It's hard to know the exact number of wearables out there, but most estimates peg the Wear OS market share in the single digits. Meanwhile, the Apple Watch has about half the market all to itself. Samsung and Fitbit each take a larger chunk than Google, which probably explains why Google has entered into a deal to acquire Fitbit, along with all that juicy health data it has on people. The clear privacy issues have slowed down the deal, but it seems like a foregone conclusion that Google will get what it wants.
This isn't entirely Google's fault -- Wear OS smartwatches rely on Qualcomm ARM chips, and the company's wearable offerings have been disappointing. The Snapdragon Wear 3100 was basically a rehash of the 2100, which itself was barely more powerful than the archaic Snapdragon 400 chips from the very first Wear OS devices. The new Wear 4100 does look like a significant improvement, but there are precious few watches with that chip on the horizon. It could take time before the 4100 becomes the norm, and no one even knows if Wear OS will survive long enough for that to matter.
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