The worldwide wrist-worn system market (smartwatches and wristbands) reached 139 million shipments through the first three quarters of 2024 as per the newest IDC report. The January – September interval introduced a 1% decline in shipments, which was as a consequence of market saturation throughout key markets, together with the USA and India.
However, China was the main marketplace for wrist-worn wearables, with an estimated 45.8 million models: a 20% year-on-year improve. Smartwatches accounted for 32.9 million of these models – a 23.3% improve on the yearly foundation.
Huawei was the main model by way of international shipments through the Q1-Q3 interval with 23.6 million models and a 16.9% market share. The model’s GT5 sequence and Watch D2 proved standard with customers throughout its key markets.
Apple got here in second place with 22.5 million shipments and a 16.2% international market share. Cupertino noticed a 12.8% decline in shipments in comparison with the identical interval final 12 months. That was primarily as a consequence of fierce competitors from opponents.
Xiaomi got here in third place with 20.5 million shipments and a 14.7% market share, adopted by Samsung with 11.5 million shipments (8.3% market share) and the BBK group (Oppo, vivo, OnePlus, Realme) with its 7.8 million models and 5.6% market share.
Trying forward, IDC expects the Chinese language wrist-worn market to leap to three.2% YoY progress with 62.5 million shipments in 2025. IDC analysts predict a diversification of the web and offline gross sales channels, improved accuracy from well being sensors and new personalization options.
