Tracker: Global Wearables Vendor Market Share: 2024 Q1

Tracker: Global Wearables Vendor Market Share: 2024 Q1

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The race for the top wearables spot continues as Apple, Huawei, and Samsung battle it out. 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 global wearable shipments and market share by hardware vendor by quarter. Total wearables, for this report, include smartwatches, fitness bands, smartglasses, virtual reality headsets, feature watches, biometric hearables, jewelry/apparel/shoes, and others. Our report can be used by device makers, component suppliers, operators, software developers, content suppliers and other stakeholders to determine the size and growth trends of the global wearables market.

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