During the COVID-19 pandemic, wearables became a tool for tracking, monitoring, and combating the spread of the disease throughout the world. According to a recent study from global technology intelligence firm ABI Research, the number of wearables shipped worldwide in 2020 increased to 259.63 million, with sports, fitness, and wellness trackers accounting for 112.15 million and Smartwatches 74.30 million.

Premium headphones continue to capture the imagination of consumers, with global revenues in Q2 2019 growing nearly four times faster than shipments, according to Futuresource Consulting. The analyst firm's latest quarterly tracking report reveals stellar growth rates of 44% year-over-year.