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Worldwide Wearable Computing Device Forecast, 2023-2027: CY 1Q23

Worldwide Wearable Computing Device Forecast, 2023-2027: CY 1Q23

  • Publish Date:January 2023

  • Number of Pages:18

  • Report ID:6383684

  • Format:PDF

  • Publisher:IDC

$ 4500

Summary

This IDC study presents the worldwide wearable computing device forecast for the 2023-2027 period."Having reached a high-water mark in 2021, the worldwide wearables market started to cool off in 2022," points out Ramon T. Llamas, research director for IDC's Wearables team. "2023 will be the start of the rebound with multiple vendors and devices poised to take advantage of replacement cycles with improved feature sets. Likewise, less expensive legacy devices will cater to more price-sensitive users. The end result is continued growth for a maturing market."

Table of contents

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Basic Wearables Versus Advanced Wearables

Wearables Forecast by Region

Wearables Forecast by Product

Wearables Forecast by Segment

Market Context

Drivers and Inhibitors

Drivers

Iteration Beyond Second-Generation Devices

Entrance of More Vendors and Devices

Proliferation of Products

Inhibitors

Lukewarm Reception Within the Mass Market

Exodus of Wearables Vendors

Significant Market Developments

Changes from Prior Forecast

Market Definition

Methodology

Primary Data Sources

Secondary Sources

IDC's Worldwide Quarterly Wearable Device Tracker

Related Research

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.