Rising Smartwatch Popularity Unlocking Growth Opportunities in the Asia/Pacific Market
The Asia/Pacific (excluding Japan) wearables market experienced a modest 1.8% growth in 2022, reaching 259.1 million units, recording its lowest annual growth ever. Market demand for wearables was negatively impacted by rising commodity prices, reduced consumer spending, and lockdowns in China. In 4Q22, vendors took a conservative approach to manage inventory, resulting in an 8.3% … Read more