Canalys: smart watch/band market  up 3% in Q3’24, affordable smart bands help drive the growth

Smart wearables for the wrist – smart bands, basic smartwatches and advanced smartwatches – grew a modest 3% in Q3 2024 compared to the same period of 2023. That’s a total of 52.9 million units shipped, but inside that total is a complex mix.

Smart bands had the most upward momentum and grew 7% to a total of 10.4 million units. The category has been in decline since Q3 2020 and this is the first quarter of growth.

The analysts at Canalys attribute it to strong demand from emerging markets where first-time buyers have been lured in by the improving hardware of cheap smart bands. The…

​ Smart wearables for the wrist – smart bands, basic smartwatches and advanced smartwatches – grew a modest 3% in Q3 2024 compared to the same period of 2023. That’s a total of 52.9 million units shipped, but inside that total is a complex mix.

Smart bands had the most upward momentum and grew 7% to a total of 10.4 million units. The category has been in decline since Q3 2020 and this is the first quarter of growth.

The analysts at Canalys attribute it to strong demand from emerging markets where first-time buyers have been lured in by the improving hardware of cheap smart bands. The…   Read More GSMArena.com – Latest articles