Global market request of wearable device industry is approximately 520 million units in 2023.

The industy of smart wearable devices has developed rapidly and attracted high attention from the whole society. A large number of leading domestic and foreign IT technology companies, small and medium-sized innovative enterprises and investors have invested in the field of smart wearable devices. According to the "China Wearable Device Market Quarterly Tracking Report" released by IDC, global wearable device requests have increased year by year since 2017. Wearable device shipments in 2021 will be 534 million units, a year-on-year increase of 20%. There will be a downward trend in 2022 and a rebound in 2023. It is initially counted that global wearable device shipments in 2023 is 520 million units.