Tracker: Global Wearables Microvendor Market Share : 2024 Q1

Tracker: Global Wearables Microvendor Market Share : 2024 Q1

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A huge number of second-tier MICROVENDORS are playing a meaningful role in the global wearables market, flooding the market with new, niche, and segmented offerings. Global wearables shipments stabilized in Q1 2024, though still declined slightly, marking the sixth consecutive quarter of declines amid continued macroeconomic weakness and geopolitical uncertainty, causing a lengthening replacement cycle and limiting consumer spending. Smartwatches shrunk slightly while feature watches grew slightly, as fitness bands slowed their decline and smartglasses and VR grew. Our report tracks total global wearable shipments and market share by hardware vendor by quarter for more than 70 vendors and microvendors. Total wearables, for this report, include smartwatches, fitness bands, smartglasses, virtual reality headsets, feature watches, advanced hearables, jewellery/apparel/shoes, and others. Our report can be used by stakeholders to determine the size of the total global wearables market.

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