- Wrist Wear
- Eye Wear
- Hearables
- Body Wear
- Others
Smart Wearable Devices Market was valued at USD 87,391.1 million in 2023 and is poised to grow at a 16.9% CAGR from 2024 to 2030. Smart wearable devices are electronic warfare devices used to collect data such as user’s movement like heart rate, steps walked, sleep pattern, SpO2 level in blood and give feedback and analyze based on the information. Smart wearable devices include smartwatches, fitness trackers, smart glasses, sensor-built-in clothing, and others. The new smartwatches come with various features like receiving phone notifications, and phone calls, tracking body health fitness, and much more. Smart wearable devices are more popular due to their functionality, convenience, and capacity for collecting data about the user’s fitness. The increasing application of smart wearable devices in healthcare, sports & fitness, and entertainment sectors is expected to grow the smart wearable devices market over the forecasted years. In addition, the growing geriatric population across the globe is expected to boost the growth of the smart wearable devices market as the senior population is more prone to chronic diseases and needs continuous monitoring of their health. Furthermore, the rising prevalence of lifestyle diseases, such as heart disease, atherosclerosis, and stroke further influence the growth of the smart wearable devices market. However, the concern regarding battery life, unaddressed regulatory issues, and continuous development of technology in devices are expected to hinder the growth of the smart wearable devices market over the forecast years. Moreover, the integration of all computing requirements in a single smart device is expected to provide an opportunity for smart wearable devices market key players in forecast years.
Smart Wearable Devices Market Key Developments:
- In April 2021, Fitbit launched Fitbit Luxe. A stylish fitness and wellbeing tracker that encourages users to take a more holistic approach towards health and wellness.
Smart Wearable Devices Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
16.90%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Smart Wearable Devices Market Dynamics
The smart wearable devices market is expected to grow over the forecasted period due to the increasing adoption of smart watches and wrist bands for tracing the fitness and health along with the rising prevalence of chronic diseases and health risk associated with sedentary lifestyle. The increasing concern of people in health monitoring and track fitness and wellness is expected to increase the demand of smart wearable devices in the healthcare sector over the forecast years. Furthermore, the use of smart wearable devices by sport athletes to monitor their heart rate, pressure, and other factors are expected to further propel the growth of smart wearable devices in the sports segment over the forecast period.
North-America Got Significant Share of
Smart Wearable Devices Market Regional Analysis
The North America smart wearable devices market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the increasing internet users and the presence of various companies associated with technology innovations in this region. Asia Pacific region is expected to have the largest CAGR followed by the Europe region over the forecast region owing to the increasing purchase power of individuals in countries like India, China, and Japan. In addition, the increasing concern of people in continuous health monitoring is expected to propel the growth of the smart wearable devices market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Smart Wearable Devices Market Segmentation
By Type
By Product Type
- Smartwatch
- Head-Mounted Display
- Smart Clothing
- Ear-Worn
- Fitness Tracker
- Body-Worn Camera
- Exoskeleton
- Medical Devices
- Others
By Application
- Defense
- Healthcare
- Enterprise & Industrial Applications
- Fitness & Wellness
- Sports
- Others
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
Smart Wearable Devices Market was valued at USD 87,391.1 million in 2023 and is expected to grow at a 16.9% CAGR from 2024 to 2030
The increasing concern of people in health monitoring and advancement of technologies and innovations in smart devices is expected to drive the smart wearable devices market.
The leading players in the global Smart Wearable Devices market are Apple Inc., Fitbit Inc., Fossil Group Inc., Samsung Electronics Co., Ltd., Garmin Ltd., Xiaomi Inc, Sony Corporation, LG Electronics Inc, Pebble Technology Corp, Motorola Solutions Inc.
The concern regarding the battery life, unaddressed regulatory issues is expected to hinder the growth of smart wearable devices market over the forecast years.
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights into the competitor’s overview, company share analysis, key market developments, and key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Smart Wearable Devices Market Introduction |
| 2.1.Global Smart Wearable Devices Market - Taxonomy |
| 2.2.Global Smart Wearable Devices Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Product |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Smart Wearable Devices Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Smart Wearable Devices Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Smart Wearable Devices Market By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Wrist Wear |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Eye Wear |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hearables |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Body Wear |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Smart Wearable Devices Market By Product , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Smartwatch |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Head-Mounted Display |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Smart Clothing |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Ear-Worn |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Fitness Tracker |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Body-Worn Camera |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Exoskeleton |
| 6.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Medical Devices |
| 6.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Smart Wearable Devices Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Defense |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Healthcare |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Enterprise & Industrial Applications |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Fitness & Wellness |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Smart Wearable Devices Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Smart Wearable Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Wrist Wear |
| 9.1.2.Eye Wear |
| 9.1.3.Hearables |
| 9.1.4.Body Wear |
| 9.1.5.Others |
| 9.2. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Smartwatch |
| 9.2.2.Head-Mounted Display |
| 9.2.3.Smart Clothing |
| 9.2.4.Ear-Worn |
| 9.2.5.Fitness Tracker |
| 9.2.6.Body-Worn Camera |
| 9.2.7.Exoskeleton |
| 9.2.8.Medical Devices |
| 9.2.9.Others |
| 9.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Defense |
| 9.3.2.Healthcare |
| 9.3.3.Enterprise & Industrial Applications |
| 9.3.4.Fitness & Wellness |
| 9.3.5.Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Smart Wearable Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Wrist Wear |
| 10.1.2.Eye Wear |
| 10.1.3.Hearables |
| 10.1.4.Body Wear |
| 10.1.5.Others |
| 10.2. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Smartwatch |
| 10.2.2.Head-Mounted Display |
| 10.2.3.Smart Clothing |
| 10.2.4.Ear-Worn |
| 10.2.5.Fitness Tracker |
| 10.2.6.Body-Worn Camera |
| 10.2.7.Exoskeleton |
| 10.2.8.Medical Devices |
| 10.2.9.Others |
| 10.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Defense |
| 10.3.2.Healthcare |
| 10.3.3.Enterprise & Industrial Applications |
| 10.3.4.Fitness & Wellness |
| 10.3.5.Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Smart Wearable Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Wrist Wear |
| 11.1.2.Eye Wear |
| 11.1.3.Hearables |
| 11.1.4.Body Wear |
| 11.1.5.Others |
| 11.2. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Smartwatch |
| 11.2.2.Head-Mounted Display |
| 11.2.3.Smart Clothing |
| 11.2.4.Ear-Worn |
| 11.2.5.Fitness Tracker |
| 11.2.6.Body-Worn Camera |
| 11.2.7.Exoskeleton |
| 11.2.8.Medical Devices |
| 11.2.9.Others |
| 11.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Defense |
| 11.3.2.Healthcare |
| 11.3.3.Enterprise & Industrial Applications |
| 11.3.4.Fitness & Wellness |
| 11.3.5.Others |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Smart Wearable Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Wrist Wear |
| 12.1.2.Eye Wear |
| 12.1.3.Hearables |
| 12.1.4.Body Wear |
| 12.1.5.Others |
| 12.2. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Smartwatch |
| 12.2.2.Head-Mounted Display |
| 12.2.3.Smart Clothing |
| 12.2.4.Ear-Worn |
| 12.2.5.Fitness Tracker |
| 12.2.6.Body-Worn Camera |
| 12.2.7.Exoskeleton |
| 12.2.8.Medical Devices |
| 12.2.9.Others |
| 12.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Defense |
| 12.3.2.Healthcare |
| 12.3.3.Enterprise & Industrial Applications |
| 12.3.4.Fitness & Wellness |
| 12.3.5.Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Smart Wearable Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Wrist Wear |
| 13.1.2.Eye Wear |
| 13.1.3.Hearables |
| 13.1.4.Body Wear |
| 13.1.5.Others |
| 13.2. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Smartwatch |
| 13.2.2.Head-Mounted Display |
| 13.2.3.Smart Clothing |
| 13.2.4.Ear-Worn |
| 13.2.5.Fitness Tracker |
| 13.2.6.Body-Worn Camera |
| 13.2.7.Exoskeleton |
| 13.2.8.Medical Devices |
| 13.2.9.Others |
| 13.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Defense |
| 13.3.2.Healthcare |
| 13.3.3.Enterprise & Industrial Applications |
| 13.3.4.Fitness & Wellness |
| 13.3.5.Others |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Apple Inc. |
| 14.2.2.Fitbit Inc. |
| 14.2.3.Fossil Group Inc. |
| 14.2.4.Samsung Electronics Co., Ltd. |
| 14.2.5.Garmin Ltd. |
| 14.2.6.Xiaomi Inc |
| 14.2.7.LG Electronics Inc |
| 14.2.8.Pebble Technology Corp |
| 14.2.9.Motorola Solutions Inc |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Apple Inc.
- Fitbit Inc.
- Fossil Group Inc.
- Samsung Electronics Co., Ltd.
- Garmin Ltd.
- Xiaomi Inc
- Sony Corporation
- LG Electronics Inc
- Pebble Technology Corp
- Motorola Solutions Inc