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Friday, May 3, 2024

Wearables segment sees steady growth

Thailand’s shipments of wearables grew 47.3% year-on-year to 3.46 million units in 2020 despite the pandemic as Chinese smartphone vendors made forays into this segment, according to International Data Corporation (IDC), a tech market research firm.

The growth was supported by strong uptake of earwear, which grew 97% to 1.3 million units in 2020.

In the fourth quarter last year, shipments of wearables dropped 15.6% year-on-year to 788,000 units in Thailand, due to spikes in Covid-19 cases.

Despite the third wave of the pandemic in Thailand, we believe the overall wearable market will achieve double-digit growth this year, driven by earwear that supports entertainment as well as people working and studying online,” said Teerit Paowan, a market analyst for mobile devices at IDC Thailand.

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