Worldwide Wearable Computing Device Forecast Update, 2023–2027: CY 3Q23
This IDC study presents an updated forecast for the worldwide wearable computing device market for 2023–2027."2023 marks a slow recovery from the decline in wearable device shipments in 2022," points out Ramon T. Llamas, research director for IDC's Wearables team. "However, the fundamentals of the market are sound: worldwide adoption, broad selection, and a steady stream of replacements coupled with a still-growing user base. As economic recovery slowly returns and users refresh the devices they currently own, we will see volume continue to grow even as it steadily reaches maturity."
Please Note: Extended description available upon request.
- 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
- Iteration Beyond Second-Generation Devices
- Entrance of More Vendors and Devices
- Proliferation of Products
- 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
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