Nolan’s Notes: Finding Your Sweet Spot
Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
Asia/Pacific Wearable Device Market Slowed to 1.8% Growth in 2022
March 30, 2023 | IDCEstimated reading time: 1 minute
According to the International Data Corporation (IDC) Quarterly Wearable Device Tracker, wearable device shipments in the Asia/Pacific (excluding Japan) region slightly increased by 1.8% in 2022 to 259.1 million units, recording its lowest annual growth ever. Some major vendors drove the wearables market in 3Q22 through product updates, but with the continued deterioration of market demand, vendors took a more conservative approach in 4Q22 to clean up inventory, resulting in a year-on-year decrease of 8.3% in the last quarter of 2022.
“Although the Asia/Pacific wearable market experienced volatility in 2022, rising prices of other commodities, reduced consumer spending, and China’s lockdowns have limited the market demand for wearables,” Jone Yang, Senior Market Analyst, Devices Research, IDC Asia/Pacific said. “We believe the market will return to normal once the economy and demand recovers. IDC predicts that the APeJ wearable market will grow by 15.2% year-on-year in 2023, with smart watches being the fastest growing among the main categories and India will surpass China to become the country with the largest shipments of smart watches in the region this year,” Yang added.
Among the Top 5 vendors, Apple, Xiaomi, Huawei, and Samsung have seen their market share decline for consecutive years, mainly due to the rapid expansion of some affordable Indian brands like Imagine Marketing, Nexxbase and Fire – Boltt, as well as the overseas market exploration of some Chinese smartphone brands such as OnePlus and OPPO.
Smartwatches, the only category that maintained positive growth, grew 23.3% during 2022, reaching 80.0 million units. Apple surpassed Huawei to become the market leader. Huawei ranked second mainly due to market constraints in China. India's Nexxbase and Fire-Boltt, followed by China’s BBK rounded out the Top 5. Earwear, the largest category of wearables, declined slightly at 0.5% year on year, although the True Wireless portion maintained a healthy growth. However, wrist bands, the third largest category, continued to decline due to competition from smartwatches.
Share on:
Suggested Items
I-Connect007’s Editor’s Choice: Five Must-Reads for the Week
07/04/2025 | Marcy LaRont, I-Connect007For our industry, we have seen several bullish market announcements over the past few weeks, including one this week by IDC on the massive growth in the global server market. We’re also closely watching global trade and nearshoring. One good example of successful nearshoring is Rehm Thermal Systems, which celebrates its 10th anniversary in Mexico and the official opening of its new building in Guadalajara.
Weather RADAR Market Set to Hit Valuation of US$ 816.19 Million by 2033
07/04/2025 | PRNewswireThe global weather RADAR market was valued at US$ 158.43 million in 2024 and is projected to reach US$ 816.19 million by 2033, growing at a CAGR of 21.42% during the forecast period 2025–2033.
Philippines PC Market Falls 12.2% in Q1 2025 as Education Demand Slows
07/04/2025 | IDCAccording to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Devices Tracker, Q1 2025, the Philippines' traditional PC Market (desktops, notebooks, and workstations) dropped by 12.2% YoY in Q1 2025 to 617 thousand units.
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.