2024-10-05
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idc predicted the global wearable device market in 2024. it said that global wearable device shipments will increase by 6.1% year-on-year in 2024, reaching 537.9 million units.
according to news on october 5, idc predicted the global wearable device market in 2024. it said that global wearable device shipments will increase by 6.1% year-on-year in 2024, reaching 537.9 million units. idc said an improving global economy, refresh cycles in mature markets and continued adoption in emerging regions will help drive shipment growth. however, the growth of different forms of wearable devices will be uneven.
ear-worn devices account for more than 60% of the wearable device market and are expected to see growth driven by further popularity in emerging markets and the upgrading of mature markets. "hearables continued to face downward average selling price (asp) pressure in the second quarter, especially in the true wireless headset segment," said lujyne amro, research analyst at idc data & analytics.
smartwatches are expected to experience their first year-over-year decline (-3%) in 2024 before rebounding to 4.8% growth in 2025. idc said despite the decline, it's not time to sound the alarm yet, as the decline was largely driven by india, which has been a global driver of affordable smartwatches in recent years. excluding india, the global smartwatch market is expected to grow by 9.9%. at the same time, smartwatch average selling prices are expected to grow 5.7% in 2024. in addition, among other forms, idc said that rings and smart glasses without displays are also expected to grow as more brands join the competition.