Part 3/6:
Yet, amid this cloud of negativity, not all news was grim. While Western giants grappled with these challenges, Chinese manufacturers found remarkable success. Brands like Xiaomi, Huawei, and Imo gained traction by offering competitively priced smartwatches, successfully tapping into a niche market for children. For many parents, these devices serve as valuable tools for monitoring and staying connected with their children, which has significantly boosted sales in China. In fact, 2024 saw China surpass both India and the United States, holding a 25% share of the global smartwatch market.
Experts remain optimistic that 2025 will signal a phase of recovery, with advancements in artificial intelligence and enhanced integrations with health-related applications on the horizon.