[Global smartwatch sales are expected to increase by 5% year-on-year in 2024]

SMM March 27th news, according to the latest report from TechInsights, the global smartwatch market experienced the first annual decline in sales (-4%) in 2023, but it is expected to see growth again this year. TechInsights' wearable device research service stated that in 2024, global smartwatch sales are expected to reach 91 million units, an increase of 5% year-on-year; the growth rate is expected to further rise to nearly 8% in 2025, maintain above 7% by 2026, and then slow down at the end of the forecast period. The compound annual growth rate of the global smartwatch market from 2023 to 2029 is 5%.