target audience: TECH SUPPLIER Publication date: Apr 2024 - Document type: Market Forecast - Doc Document number: # US51999124
Worldwide Advanced Smartwatch Forecast, 2024–2028: CY 2Q24
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Abstract
This IDC study presents a five-year forecast for the worldwide advanced smartwatch market.
"2024 will mark a strong rebound for the worldwide smartwatch market," says Ramon T. Llamas, research director, IDC's Wearables program. "2023 was marred by economic uncertainty and inflationary headwinds, but the appetite for smartwatches remained reasonably strong. 2024 will see a combination of new devices from several key vendors arrive on market as well as a new cycle of replacements and upgrades. These will set up continued growth in the years ahead."