The global smartwatch market saw its first decline in 2024, dropping 7% year-over-year. Apple remained the leader despite a 19% shipment decrease, while Huawei surged 35%, driven by strong demand in China. Samsung saw a modest 3% increase and Xiaomi experienced a massive 135% growth. The decline was largely due to weak demand in India, while China became the largest smartwatch market, growing 6%. The market is expected to recover in 2025 with AI and advanced health features driving innovation.
Source: GSMArena
