Global wearable band shipments saw a slight increase of 0.2% in Q2 2024, reaching 44.3 million devices, driven mainly by the growth of basic watches from Huawei and Xiaomi. Basic watches now make up 48% of the market, while smartwatch shipments remained flat, with Garmin showing notable growth. Wearable vendors are focusing on expanding their offerings, including eSIM-enabled watches and advanced sport watches. Canalys predicts double-digit growth in smartwatch shipments in H2 2024, driven by new releases from Apple, Samsung, and Google, as vendors focus on health tracking and battery life improvements to stay competitive.
Read more – https://www.canalys.com/newsroom/worldwide-wearable-band-market-Q2-2024
