According to Canalys statistics in 2023, the global wearable wristband device market achieved a moderate growth of 1.4%, with shipments reaching 185 million units. The contribution of emerging markets was particularly significant, providing strong momentum for overall growth. In addition, the diversified development of basic watches has injected new vitality into the industry. However, excluding the additional 15 million units mainly consisting of basic watches in India, the decline in smart watches and basic wristbands led to an 8% decrease in the global wearable wristband market in 2023.
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