IDC: Global wearable device market shipped 140 million units in the first three quarters, China becomes the largest market.

According to the latest "Global Wearable Device Market Quarterly Tracking Report" released by the International Data Corporation (IDC), the global wrist-worn device market shipped 140 million units in the first three quarters of 2024, a year-on-year decrease of 1.0%. This decline is mainly due to the competition and saturation of the market in India and the United States. The shipment volume of the wrist-worn device market in China was 45.76 million units, a year-on-year increase of 20.1%; China leads global growth as the largest wrist-worn device shipment market. The wrist-worn device market includes smartwatches and smart wristbands. The global shipment volume of smartwatches was 110 million units in the first three quarters of 2024, a year-on-year decrease of 3.8%; while the shipment volume of smartwatches in China was 32.86 million units, a year-on-year increase of 23.3%. The global shipment volume of smart wristbands was 26.82 million units in the first three quarters of 2024, a year-on-year increase of 12.7%; and the shipment volume of smart wristbands in China was 12.91 million units, a year-on-year increase of 12.6%. The performance of the global wrist-worn market in the first three quarters: The performance of the Chinese wrist-worn market in the first three quarters: Influenced by the strong demand for sports and health consumption, the smartwatch and smart wristband market have shown significant growth in the past year. This demand will continue to grow as residents' demand for quality of life and experience increases. IDC predicts that the shipment volume of China's wrist-worn market will reach 62.48 million units in 2025, a year-on-year increase of 3.2%. Pan Xuefei, research director of IDC China, believes that the wrist-worn market is driven by the launch of new products by top manufacturers, leading to a rebound in the share of mid-to-high-end price segments. However, as various manufacturers gradually segment their product lines to cover a wider audience, this has become a recent trend. The current market is mainly driven by price and distribution channels, and further improvement in product performance is needed through new technological innovations. With the advantage of fitting the hand, wrist-worn devices may have more exploration opportunities and development space in AI multimodal interaction in the future.