PUBLISHER: IDC | PRODUCT CODE: 1516972
PUBLISHER: IDC | PRODUCT CODE: 1516972
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."
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
- Drivers
- Significant Market Developments
- Changes from Prior Forecast
Market Definition
Methodology
- Primary Data Sources
- Secondary Sources
- IDC's Worldwide Quarterly Wearable Device Tracker
Related Research
