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Wearables Market Sees First Decline at Beginning of 2022 as Demand Normalizes

he global wearables market faced its first-ever decline during the first quarter of 2022 (1Q22) as unit shipments totaled 105.3 million units, down 3.0% year over year, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. The decline is largely attributable to cooling demand as consumers begin to spend more in categories outside of wearables following years of precipitous growth that were further amplified during the pandemic.


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