The global wrist-worn device market saw a decline of 1% in shipments during the first three quarters of 2024 due to market saturation, especially in the US and India.
China emerged as the leading market for wrist-worn devices, demonstrating a significant 20% year-on-year growth with 45.8 million units shipped in 2024.
Huawei led global wrist-worn shipments with 23.6 million units and a 16.9% market share, buoyed by the popularity of its GT5 series and Watch D2.
Looking ahead, IDC forecasts a 3.2% year-on-year growth in China's wrist-worn market for 2025, driven by improved sales channels and enhanced health sensors.
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