The number of wearable bands shipped globally exceeded the 50 million mark in the most recent quarter, with robust market growth accelerating into next year, according to new analyst data.
A record 50.2 million wearable band devices shipped in the three months to the end of June, Omdia reported on Thursday. That's an increase of 13% on the same quarter last year with three of the top four vendors moving significantly higher volumes of devices.
As such, Omdia predicts the market will grow by 8% in 2025 as a whole, rising to a 9% growth rate next year.
"Interest in wearable bands is booming, driven by a growing consumer focus on health, fitness and sports," said Jack Leathem, Analyst at Omdia. "This trend will continue to fuel growth, particularly as innovations enable expansion into medical and clinical markets. Smartwatches will be the key driver for the continued expansion, while we expect the uptake of basic watches to reach a large audience of first time-buyers," he said.
