Huajin Securities stated that with the development of technology, the categories of wearable devices are also expanding rapidly. Wearable devices continue to evolve, and the related industry chain is expected to experience explosive growth.
According to media reports, TechInsights recently released the latest data, stating that after six consecutive quarters of declining shipments, the global smartwatch market experienced growth in the second quarter of 2024, with a growth rate of 4%. Previously, the market had been growing every quarter since the fourth quarter of 2016. In 2023, the annual shipments of smartwatches decreased by 4%, marking the first annual decline in the market's history. From the perspective of suppliers, Apple has always been the leader in the smartwatch market, with its shipments accounting for about half of the global market, and its dominant position in terms of market value is even more pronounced. Huawei ranks second in global smartwatch shipments. Samsung ranks third, but its shipments declined by 12% year-on-year, with a market share of 12%. Garmin's shipments grew by 29% year-on-year, ranking fourth.
Huajin Securities stated that the wearable market is showing several trends: (1) With the gradual maturation of big data services, the user experience of health monitoring devices is gradually improving, and the number of users is constantly growing; (2) Human-computer interaction is a key breakthrough direction, with rapid development in somatosensory interaction, voice interaction, eye tracking interaction, tactile interaction, etc.; (3) With the development of technology, the categories of wearable devices are expanding rapidly. Wearable devices are evolving continuously, and the related industrial chain is expected to experience explosive growth.
According to the Financial Data Center, among related listed companies:
Tianjian Corporation's smart ring 'RAPTGO' has functions such as heart rate, blood oxygen, sleep, and exercise monitoring. It can be paired with a mobile phone, and users can query and track the information collected by the smart ring through the company's developed mobile app.
Shanghai Fortune TechGroup is involved in the research and development, as well as marketing promotion, of optical modules and upstream and downstream precision modules in AAC Tech's Nanning Electronic Industry Base, providing design and development cooperation for AIOT smart clothing, TWS wireless headphones, and wireless chip solutions.