SOURCE RESEARCH
Wearables and Mobile Accessories Market Share and Forecasts
Market Data | 4Q 2024 | MD-WEAR-111
Get The ReportThe smartwatches sector experienced significant growth, accelerated by the COVID-19 pandemic. However, post-pandemic growth is expected to stabilize in the coming years. In 2023, the global smartwatch market recorded shipments of 152.8 million units and is projected to grow by 12% in 2024, reaching 171.7 million units. By 2029, the market is expected to hit 235 million units, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2029.
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