The global wearables market enjoyed a buoyant year of growth in 2020, with total market volumes growing by 34.8% year over year to reach 384m units, generating $63.5bn at retail. This momentum is only expected to continue through the forecast period, with an 18.8% 21-25 volume CAGR resulting in a market size of almost 1bn units of wearable devices in 2025, at an installed base of over 2bn.
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