target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # US51002023
Worldwide Wearable Computing Device Forecast Update, 2023–2027: CY 3Q23
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Abstract
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."