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Global Shipments of Wearable Devices Show Modest Growth and Strong Volume in Q3 2023December 6, 2023 | IDC
Estimated reading time: 1 minute
Worldwide shipments of wearable devices grew 2.6% year over year during the third quarter of 2023 (3Q23) and reached an all-time high for the third quarter of 148.4 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Total volume even surpassed shipments in 3Q21 (142.1 million) and 3Q22 (144.6 million) when sales were driven by pandemic-related spending. The growth is largely attributed to the rise of smaller brands and emerging categories.
"It's been a decade since the wearables market got off the ground and while there has been some consolidation, the market still has plenty of diversity in terms of brands and form factors," said Jitesh Ubrani, research manager, Mobility and Consumer Device Trackers at IDC. "Health and fitness tracking has come a long way since the original Fitbits and Pebble watches but the greatest driver of wearables has been the emergence of smaller and sleeker designs. Smart rings from newer brands such as Oura, Noise, BoAT, Circular and others are expected to jumpstart the new form factor in the coming quarters while also putting pressure on the incumbent brands to innovate on health tracking."
"Smartwatches and earwear still hold pride of place in the wearables market," added Ramon Llamas, research director, Mobile Devices and AR/VR. "These still resonate with consumers and continue to find their way to first-time users, especially among the most wary and price sensitive. This is where we can still see emerging vendors ship volumes high enough to rank among the leading brands. Combined with strong refresh cycles – including those who purchased a wearable as recently as 2020 – the wearables market has set up a strong fly wheel to keep volumes growing."
Ansys announced that finance veteran Rachel Pyles will become the company’s new chief financial officer, effective February 22, 2024. Pyles replaces Nicole Anasenes, who previously announced her planned departure from Ansys to focus on advisory and board work. Anasenes will remain with the company as a strategic adviser until June 2024 to ensure a smooth transition.
Green Circuits, a full-service Electronics Manufacturing Services (EMS) partner to leading OEMs, proudly announces its participation in the Satellite 2024 Conference & Exhibition, scheduled to take place March 19-21, 2024 at the Walter E. Washington Convention Center in Washington, DC.
The global economic deceleration is taking its toll on the tech sector’s growth, with heavyweights like Intel and Texas Instruments signaling a downturn in their recent financial forecasts.
The Board of Directors of Aspocomp Group Plc has appointed Mr. Manu Skyttä (b. 1975), MSc, Aeronautical Engineering, as President and CEO. Manu succeeds Mr. Mikko Montonen, who has agreed with the Board of Directors of the company that he will step down from the role of President and CEO of the company.
Austin American Technology (AAT) proudly announces the appointment of Todd Rountree as Chief Executive Officer (CEO). With nearly 8 years of dedicated service as President and COO, Rountree brings a wealth of experience and a proven track record of leadership to his new role.