IDC: China leads global wrist-worn shipments during Q1-Q3 period

The global wrist-worn device market (smartwatches and wristbands) reached 139 million shipments during the first three quarters of 2024 as per the latest IDC report. The January – September period brought a 1% decline in shipments, which was due to market saturation across key markets, including the United States and India.

On the other hand, China was the leading market for wrist-worn wearables, with an estimated 45.8 million units: a 20% year-on-year increase. Smartwatches accounted for 32.9 million of those units – a 23.3% increase on the yearly basis.

Huawei was the leading brand in terms of global shipments during the Q1-Q3 period with 23.6 million units and a 16.9% market share. The brand’s GT5 series and Watch D2 proved popular with consumers across its key markets.

Apple came in second place with 22.5 million shipments and a 16.2% global market share. Cupertino saw a 12.8% decline in shipments compared to the same period last year. That was mainly due to fierce competition from competitors.

Xiaomi came in third place with 20.5 million shipments and a 14.7% market share, followed by Samsung with 11.5 million shipments (8.3% market share) and the BBK group (Oppo, vivo, OnePlus, Realme) with its 7.8 million units and 5.6% market share.

Looking ahead, IDC expects the Chinese wrist-worn market to jump to 3.2% YoY growth with 62.5 million shipments in 2025. IDC analysts predict a diversification of the online and offline sales channels, improved accuracy from health sensors and new personalization features.

Source

Keep your phone secure and easily accessible in your car with the Miracase Phone Holder for Your Car! This Amazon Best Seller is designed for easy installation and holds your phone firmly in place, ensuring a safe and convenient driving experience.

With a 4.3/5-star rating from 29,710 reviews, it’s a top choice for drivers! Plus, over 10,000 units sold in the past month! Get it now for just $15.99 on Amazon.