Smartwatch market growing as Huawei set for Berlin launch
The market is forecast to grow by $99.4 billion by 2029.
Technology enthusiasts' hearts will be beating a little faster as Huawei prepares to launch its latest wearable in China.
The wearable technology sector continues to grow rapidly. From 2025 to 2029, the market is forecast to grow by $99.4 billion (USD).
This is driven mainly by the popularity of health features and wearable payments.
Wearables
Tech giants Apple, Huawei, Samsung, and Xiaomi continue to innovate with the latest health features, which have become popular worldwide, including in South Africa.
From tracking your sleeping patterns, to checking your stress levels and emotional well-being and measuring your blood pressure, wearable devices are continuing to lead markets, taking a bit of shine away from smartphones.
According to the Worldwide Wearables Quarterly Tracker released by International Data Corporation (IDC) in December, the global wrist-worn device market shipped 139 million units in the first three quarters of 2024, a 1% year-on-year decline, mainly due to the homogenisation of competition and market saturation in India and the United States.
ALSO READ: How to choose the right smartwatch
China
China's wrist-worn device market shipped 45.8 million units, a 20.1% year-on-year increase. As the largest market for wrist-worn device shipments, China led the global growth.
Now, tech giant Huawei is expected to unveil a new wearable in Berlin, Germany, next week, and many competitors are keeping a close eye on what may be in store.
The brand will host an 'Innovative product launch' on 15 May.
The first teaser for the event showcases the Huawei Watch 5. The wearable is set to succeed the Watch 4, which came out in 2023.
Teaser
The teaser video highlights bits of the Watch 5's design, including an oval window on the side that appears to house health sensors.
A digital crown element used for navigating the US is also visible and appears to have given a significant makeover.
The teaser highlights a new, more stylish design with a strong grille-like pattern encircling it.
This textured finish not only adds a touch of sophistication but could also improve grip and usability for navigating the watch's interface.
The teaser's caption, 'Tap into the future. #TaptheNEXT #HuaweiLaunch #HUAWEIWatch5,' fuels anticipation, suggesting a leap forward in smartwatch technology and design.
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