Narrative: Global Wearables Vendor Market Share Q3 2024
Explore the latest trends in the global wearables market with our Q3 2024 report. Track shipment declines and market share shifts as Apple, Huawei, and Samsung compete. Includes data on smartwatches, fitness bands, VR, and more across key vendors.
The race for the top wearables spot continues as Apple, Huawei, and Samsung battle it out. Global wearables shipments declined by 5% in Q3 2024, marking the eighth consecutive quarter of declines amid continued macroeconomic weakness and geopolitical uncertainty, causing a lengthening replacement cycle and limiting consumer spending. Continued steep fitness band declines as well as modest declines for smartwatches, feature watches, hearables, and VR drove the downtick. 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, jewellery/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.
