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Worldwide Smartwatch Forecast, 2023–2027: CY 2Q23

Publisher IDC
Published Apr 24, 2023
Length 19 Pages
SKU # IDC17897493

Description

Worldwide Smartwatch Forecast, 2023–2027: CY 2Q23


This IDC study discusses the forecast for the worldwide smartwatch market for 2023–2027."While we have maintained our overall upward trajectory for the worldwide smartwatch market, growth in the coming years will be slower compared to years past," says Ramon T. Llamas, research director for IDC's Wearables program. "This speaks to two key trends: first, this reflects macroeconomic challenges in the short term, including decline and recovery; and slower growth points to the slow but sure steps towards smartwatch saturation in the years to come. As the market transitions from connecting new users to replacement opportunities for returning users, brands would do well to guard their user bases with sticky experiences and ecosystems and to pry away seasoned users."

Please Note: Extended description available upon request.

Table of Contents

19 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Smartwatch Forecast by Operating System
Smartwatch Cellular Connectivity Forecast
Smartwatch Forecast by Region
Smartwatch Forecast by Segment
Market Context
Drivers and Inhibitors
Drivers
Iteration Beyond First- and Second-Generation Devices
Entrance of More Vendors and Devices
Introduction of New Silicon Solutions
Inhibitors
Lukewarm Reception Within the Mass Market
Exodus of Smartwatch Vendors
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Primary Data Sources
Secondary Sources
IDC's Worldwide Quarterly Wearable Device Tracker
Related Research

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