Narrative: Global Cellular Smartwatch Vendor Share Q3 2024
Explore our Q3 2024 report on global cellular smartwatch shipments—track market trends, leading vendors, and the impact of economic pressures on consumer spending. See how Apple, Samsung, and Huawei dominate in developed markets.
Global cellular smartwatch shipments fell by 4% YoY in the third quarter of 2024, with cellular penetration also falling slightly during the quarter as consumers reign in discretionary spending amid macroeconomic weakness and geopolitical uncertainty. With added monthly service charges and higher upfront device pricing, cellular smartwatches are no longer outperforming the overall smartwatch market. Apple, Samsung, and Huawei are leading the way across developed markets and in particular Apple's addition of the Ultra has driven up cellular penetration in recent years. Major carriers, like Vodafone and Verizon, are heavily promoting this wearables sub-segment. Our report tracks global cellular smartwatch shipments and market share by leading hardware vendors by quarter.
