In abstract: International Sensible Watches shipments fell seven % in 2024, marking the primary annual lower in wearable class. Apple maintained its place as a number one producer, however despatched 19 % much less gadgets than a yr earlier.
In response to Analshika Jain, a senior analysis analyst at Contrapotter, Apple Watch skilled a lower in its tenth yr out there thanks partially to the minimal options updates within the 10 -series line, the shortage of an Extremely 3 mannequin, and the truth that there was no new mannequin was launched since 2022. Many of the Apple handed in an Extremely 3 on account of worth considerations; A 3rd technology Apple Watch is anticipated In some unspecified time in the future on this yr.
Jain mentioned one other contributing issue that slowed the shipments of sensible watches in 2024 had been patent disputes. Earl this week, Apple obtained a Courtroom of Appeals to make the aspect in a patent dispute towards the producer of aid medical gadgets.
Apple captured 22 % of the sensible watch market final yr, adopted by Huawei with a 13 % stake. Samsung was accountable for 9 % of all sensible watches despatched in 2024, Xiaomi obtained eight % and IMOO obtained six %. All different producers mixed to signify the remaining 42 %.
Regardless of decelerations, sensible watches are gaining traction worldwide. One in 4 fashions despatched final yr went to China, which exceeded the participation of 23 % of India for the primary place. North America continued barely with a 22 % share, adopted by Europe with 15 %.
The info comes from the newest sensible watches transport tracker.
Balbir Singh analysis analyst saying The kids’s sensible watches section, which was the one class that progress experiences final yr, has been gaining traction as nervous mother and father are involved in regards to the security of their kids. A sensible watch linked, comparable to people who Imoo specializes, permits them to consistently observe their location.
Given the success of youngsters -centered sensible watches, it’s not stunning that different manufacturers, together with Fitbit, Boat and Noise, are increasing their product strains to incorporate kids’s gadgets.
Picture credit score: Daniel Romero
