➀ Wearables shipments are expected to increase by 6.1% this year, reaching 538 million units, according to IDC. ➁ The growth rate is expected to slow to 3.9% in 2025 as the large markets such as the US and India approach maturity. ➂ Smartwatches are expected to decline by 4.5% in 2024, mainly due to challenges from low-cost options in the second-largest market, India, and consumer reluctance to upgrade in the US.