PUBLISHER: TrendForce | PRODUCT CODE: 1430662
PUBLISHER: TrendForce | PRODUCT CODE: 1430662
Wearable Device Industry 2024 Outlook: Smartwatches, Bands, and VR/AR Devices
The smartwatch market saw a downturn in 2023, which has significantly impacted strategies for 2024. Manufacturers are expected to adopt a conservative approach, focusing on incremental upgrades and diversification in R&D to align with market needs, with AI becoming a crucial tool in enhancing product and service offerings.
The VR/AR sector continues to struggle with a lack of compelling content and applications, which has stalled market growth and investor enthusiasm. In response, 2024 is set to witness a stronger emphasis on technological advancements to enrich content and broaden the commercial application of devices, spurring the development of essential upstream components.
Table of Contents
1. Smartwatch and Fitness Band Industry: Review and Outlook
(1) Current industry status and market forecast
(2) Strategic layout of major industry players
(3) Trends in product and service development
2. VR/AR Industry: Review and Outlook
(1) Industry overview and market forecast
(2) Strategic layout of major industry players
(3) Trends in product and service development
3. TRI's View
(1) Smartwatch and fitness band development expected to remain steady in 2024, with the former
experiencing slight growth and the latter seeing a decline
(2) Incremental and stable upgrades, diversification of R&D, and the utilization of AI are main strategies for
smartwatch and fitness band manufacturers
(3) The VR/AR market awaits momentum, with generative AI and hardware component optimization
becoming key factors
