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Worldwide Wearable Computing Device Forecast Update, 2024–2028: CY 3Q24

Publisher IDC
Published Jul 16, 2024
Length 18 Pages
SKU # IDC19004714

Description

Worldwide Wearable Computing Device Forecast Update, 2024–2028: CY 3Q24


This IDC study presents a forecast for the worldwide wearable computing device market for 2024–2028."The worldwide wearables market is on track for slow but steady growth in the years ahead as it slowly reaches maturity," says Ramon T. Llamas, research director for IDC's Wearables team. "The market's two most popular products — earwear and smartwatches — are set for single-digit growth in the years ahead. Meanwhile, emerging products like glasses and rings — both building from small volumes in 2023 and 2024 — are set to grow at much faster rates. These will give consumers more choice and experiences to look forward to."

Please Note: Extended description available upon request.

Table of Contents

18 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Basic Wearables Versus Advanced Wearables

Wearables Forecast by Region

Wearables Forecast by Product

Wearables Forecast by Segment

Market Context

Drivers and Inhibitors

Drivers

Strong Replacement Rates

Proliferation of Products

Impact of Artificial Intelligence on Wearables

Inhibitors

Lukewarm Reception Within the Mass Market

Exodus of Wearables 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

Pricing

Currency Rates
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