Global Wearable Devices Market, By Product (Wrist-wear, Eyewear, Footwear, Neckwear, Body wear, Others), Type (Smart Textile, Passive, Active, Ultra-Smart and Non-Textile), Industry (Consumer Products, Healthcare, Industrial and Others), End Users (Personal Users and Enterprises) – Industry Trends and Forecast to 2030.
Wearable Devices Market Analysis and Size
The wearable devices are widely being deployed as advancements in wireless technologies. These devices have enhanced patient’s mobility at hospitals and homes. The increase in technological advancements is escalating the growth of global wearable devices market.
Data Bridge Market Research analyses that the global wearable devices market which was USD 137.63 billion in 2022, is expected to reach USD 539.41 billion by 2030, and is expected to undergo a CAGR of 18.7% during the forecast period 2023-2030. This indicates that the market value. “Personal users” dominates the end user segment of the global wearable devices market owing to rise in the aging population. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Wearable Devices Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Wrist-wear, Eyewear, Footwear, Neckwear, Body wear, Others), Type (Smart Textile, Passive, Active, Ultra-Smart and Non-Textile), Industry (Consumer Products, Healthcare, Industrial and Others), End Users (Personal Users and Enterprises)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
SAMSUNG (South Korea), Garmin Ltd. (U.S.), Huawei Technologies Co., Ltd. (China), Apple Inc. (U.S.), Sony Corporation (Japan), HTC Corporation (Taiwan), Fitbit, Inc. (U.S.), Xiaomi Global Community (China), ADIDAS AG (Germany), Nike, Inc. (U.S.), LG Electronics. (South Korea), Motorola Solutions, Inc. (U.S.), Fossil Group, Inc. (U.S.), Google LLC (U.S.), Polar Electro (Finland), Withings (France), Michael Kors (U.S.), CASIO AMERICA, INC. (U.S.), TomTom International BV (Netherlands), and ASUSTeK Computer Inc. (Taiwan)
|
|
Market Opportunities
|
|
Market Definition
Wearable technology is one of the most prominent technology that incorporates technology with regular accessories that enables users to make their life easier. This technology helps its users in achieving their particular goals. Wearable devices are expected to offer benefits to the different classes of people in their daily lives.
Global Wearable Devices Market Dynamics
Drivers
- Geriatric Population
The increase in the geriatric population acts as one of the major factors driving the growth of global wearable devices market as they are more prone to chronic diseases.
- Fitness and Healthcare Applications
The rise in consumer preference for sleek and compact devices in fitness and healthcare applications accelerate the market growth.
Opportunity
- Increasing Demand for Wearables
Furthermore, increase in the demand for wearables that integrate all computing requirements in one compact device extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, adoption of wearables in multiple applications will further expand the market.
Restraint/Challenge
- Concerns Regarding Limited Battery Life
Healthcare On the other hand, concerns regarding limited battery life and unaddressed regulatory issues are expected to obstruct market growth. Also, rise in demand for continuous developments in devices is projected to challenge the global wearable devices market in the forecast period of 2023-2030.
This global wearable devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global wearable devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wearable Devices Market Scope
The global wearable devices market is categorized into four notable segments which are based on the basis of product, type, industry and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Wrist-Wear
- Eyewear
- Footwear
- Neckwear
- Body Wear
- Others
Type
- Smart Textile
- Passive
- Active
- Ultra-Smart
- Non-Textile
Industry
- Consumer Products
- Healthcare
- Industrial
- Others
End Users
- Personal Users
- Enterprises
Global Wearable Devices Market Regional Analysis/Insights
The global wearable devices market is analysed and market size insights and trends are provided by country, end users and equipment as referenced above.
The countries covered in the global wearable devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global wearable devices market because of the increase in the internet users and several companies associated with technological innovations within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing purchasing power in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Wearable Devices Market Share Analysis
The global wearable devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global wearable devices market.
The major players covered in the global wearable devices market report are SAMSUNG (South Korea), Garmin Ltd. (U.S.), Huawei Technologies Co., Ltd. (China), Apple Inc. (U.S.), Sony Corporation (Japan), HTC Corporation (Taiwan), Fitbit, Inc. (U.S.), Xiaomi Global Community (China), ADIDAS AG (Germany), Nike, Inc. (U.S.), LG Electronics. (South Korea), Motorola Solutions, Inc. (U.S.), Fossil Group, Inc. (U.S.), Google LLC (U.S.), Polar Electro (Finland), Withings (France), Michael Kors (U.S.), CASIO AMERICA, INC. (U.S.), TomTom International BV (Netherlands), and ASUSTeK Computer Inc. (Taiwan), among others. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Some of the major players operating in the global wearable devices market are:
- SAMSUNG (South Korea)
- Garmin Ltd. (U.S.)
- Huawei Technologies Co., Ltd. (China)
- Apple Inc. (U.S.)
- Sony Corporation (Japan)
- HTC Corporation (Taiwan)
- Fitbit, Inc. (U.S.)
- Xiaomi Global Community (China)
- ADIDAS AG (Germany)
- Nike, Inc. (U.S.)
- LG Electronics (South Korea)
- Motorola Solutions, Inc. (U.S.)
- Fossil Group, Inc. (U.S.)
- Google LLC (U.S.)
- Polar Electro (Finland)
- Withings (France)
- Michael Kors (U.S.)
- CASIO AMERICA, INC. (U.S.)
- TomTom International BV (Netherlands)
- ASUSTeK Computer Inc (Taiwan)
SKU-
