According to an International Data Corporation (IDC) report, China's wearable device market shrank by 7.5 percent year over year. In the first quarter of this year, from January to March, the wearable device market shipped 25.85 million units. Audio products such as headphones and TWS, as well as smartwatches and wristbands, are examples of wearable devices.
According to IDC, the decline in China's wearables market is due to a cooling demand as consumers shift their spending to other categories of electronics.
According to the report, the audio category shipped 15.96 million units in Q1 2022, up 3.5 percent year over year. Only TWS earphones grew by 3.2 percent year over year. In the first quarter, the smartwatch market shipped 7.16 million units, down 15.3 percent year over year. Adult watches accounted for 3.86 million of the total shipments, while children's watches accounted for the remaining 3.3 million. The decline in smartwatch shipments in Q1 2022 is attributed to restrictions on outdoor activities and the impact of the COVID-19 pandemic.Finally, in the first quarter of 2022, the wristband market saw 2.63 million shipments, down 33.6 percent year over year. The segment is said to be impacted by product form competition, pandemic situations, and the introduction of new upcoming products.
According to IDC, the wearable market's growth rate has slowed. Smartwatches and truly wireless earphones have experienced rapid growth in the last three years.
