Total wearable device unit shipments worldwide 2014-2024

Forecasts suggest that an estimated 368.2 million wearable devices will be shipped globally in 2020. This figure is projected to grow to more than 500 million by 2024.

Wearables

The wearable market broadly encompasses all smart consumer electronics devices which can be worn on the body or clothing. Some of the most popular wearable devices are smart watches, fitness trackers, and head-mounted displays such as smart glasses. These devices often track users’ biometric data, allow them to access apps, and provide calculation or feedback regarding their activities. Fitness trackers are particularly popular, many of which use GPS and heart rate monitors to track the health of their users as they exercise. Partially thanks to the release of the Apple Watch in 2015, smartwatches have followed fitness trackers to become a massively popular staple of the consumer electronics industry.

Internet of Things

The internet of things (IoT) refers to the growing share of electronic devices that are manufactured with internet capability in order to track data for their users and provide greater coordination between devices. The number of IoT connected devices is projected to grow each year, with internet connectively becoming an increasingly popular feature in household appliances, consumer electronics, and even automobiles.

Forecast wearables unit shipments worldwide from 2014 to 2024

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Sources

Release date

March 2020

Region

Worldwide

Survey time period

2014 to 2020

Supplementary notes

* Forecast
The figures from 2020 to 2022 were calculated by Statista according to the figures for 2019 and 2023 and the compound annual growth rate of 7.9%.

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Statistics on "Wearables"

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