Author: Raskia D'Souza Nikolaos Tzoumerkas
Date Published:
This global wearables market report provides an updated outlook for developments in wearables technologies. Products covered include fitness and connected watches, wearable smartphones, hearables and extended reality head mounted displays, with five-year forecasts.
The report acts as a strategic framework for any enterprise launching wearable tech, or operating within the wearables market and its adjacent sectors.
The wrist-worn wearables market is projected to grow by 8.7% in 2024, to ship 213m units while retail value is forecasted to grow by 11% in the same year, generating revenue of $50.8bn.
The segment faced a period of low growth prior to 2024, with users choosing to hold on to their devices. 2024 is seen as the year of replacement sales, which will drive the projected growth across regions. In 2024 the competitive landscape is expected to shift as Apple’s market share declines, while Samsung is expected to grow. The Chinese brands are growing steadily with Huawei increasing its share.
| 55-page comprehensive PDF report
| Executive summary
| Enterprise wearables market
| Consumer wearables market
| Wearable device market share
| Wearables ecosystem development
| Wrist-worn wearable market overview
| Hearables market overview
| XR head mounted display market overview
| Market sizing, by quantifying and tracking worldwide sales of wearable technologies in fitness and connected watches, wearable smartphones, hearables, and extended reality head mounted displays.
| Market forecasting, with five-year sales forecasts, reviewing key product types and feature sets.
|Product, technology and competitive reviews, interpreting key market developments and trends.
Futuresource has been tracking, researching and consulting on the CE landscape for the more than 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.
Any business with interests in wearables will benefit from this report, particularly:
| Manufacturers and their suppliers
| Intermediaries and supply chain
| Retailers
| CE market strategists, marketing and sales professionals
| Investors
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