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.
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
Research Assistance
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