Europe Wearable Technology Market Outlook, 2028

Europe Wearable Technology Market Outlook, 2028

Wearable technology has gained a strong foothold in Europe as the region's emphasis on health and fitness has grown. Customers are growing more health-conscious, and they want wearable gadgets to track their physical activity, sleep, heart rate, and other health-related indicators. The European Union has a strong regulatory framework, with the General Data Protection Regulation (GDPR) having a substantial impact on data protection and security in the wearable technology sector. Companies operating in the region must comply with these regulations. When it comes to wearable technologies, European consumers frequently choose style and aesthetics. As a result, there is a growing desire for smartwatches and fitness trackers that blend effortlessly with fashion, making them not only practical but also visually beautiful. Europe also has a strong market for industrial and professional wearables. These are used in various sectors, including manufacturing, healthcare, logistics, and automotive industries, for tasks like augmented reality guidance, employee safety, and productivity enhancements. The European Union's ageing population has created a demand for wearable technologies that help the elderly retain their health, safety, and independence. This includes fall detection systems, medication reminders, and vital sign monitors. In recent years, the European wearable technology market has grown rapidly. Smartwatches, fitness trackers, smart clothing, augmented reality (AR) and virtual reality (VR) headsets, and healthcare wearables are all part of the market. The market is likely to grow further as adoption rates rise across many industries. In Europe, smartwatches and fitness trackers are among the most popular wearables. They have functions like step counting, heart rate monitoring, sleep tracking, and smartphone connectivity. European consumers value these products for their convenience and health monitoring capabilities.

According to the research report, “Europe Wearable Technology Market Outlook, 2028” published by Bonafide Research, the Europe Wearable Technology market is expected to add more than USD 12 Billion from 2023-2028. Europe has a strong sports and fitness culture, which wearables cater to. Wearables are used by athletes and fitness enthusiasts to track their performance, set fitness goals, and track their development. These devices provide useful information for training and performance enhancement. Europeans are passionate about health and fitness. As a result, fitness trackers and health-monitoring devices have become increasingly popular. Wearables are used by many Europeans to measure their daily activity, monitor their heart rate, and control their sleep habits. Europe is at the cutting edge of wearable payment adoption. In several European nations, contactless payment systems incorporated into wearables such as smartwatches and fitness bands are generally accepted. This ease of use has aided in the acceptance of wearables for routine transactions. Europe has a strong sports and fitness culture, which wearables cater to. Wearables are used by athletes and fitness enthusiasts to track their performance, set fitness goals, and track their development. These devices provide useful information for training and performance enhancement. Europeans are passionate about health and fitness. As a result, fitness trackers and health-monitoring devices have become increasingly popular. Wearables are used by many Europeans to measure their daily activity, monitor their heart rate, and control their sleep habits. Europe is at the cutting edge of wearable payment adoption. In several European nations, contactless payment systems incorporated into wearables such as smartwatches and fitness bands are generally accepted. This ease of use has aided in the acceptance of wearables for routine transactions. Europe is home to numerous tech hubs and research centers focused on wearable technology. These centers drive innovation and foster collaboration among researchers, startups, and established companies.

Based on report market is divided into six major countries Germany, United Kingdom, France, Italy, Spain and Russia. Among them Germany accounts for the largest market for Europe wearable technology market.

Wearable technology has evolved into a big consumer electronics trend. In recent years, the German wearable technology market has grown greatly, with people increasingly embracing smart devices that can be worn on the body to improve their lives. The German wearable technology market is robust and diverse, offering everything from smartwatches and fitness trackers to augmented reality glasses and smart clothes. These gadgets are intended to provide users with real-time data and functionality tailored to their specific fitness, health, communication, and entertainment needs. Germans' interest in health and fitness is growing, making fitness trackers and health-monitoring equipment quite enticing. Customers want to track their physical activity, heart rate, and sleep quality, among other things. Germany, as a technologically advanced country, is taking an active role in the digital transition. Style and aesthetics are important to German consumers. Many German IT businesses cooperate with fashion brands to build fashionable wearables that appeal to a fashion-conscious clientele. Germany has a robust startup ecosystem, with numerous creative wearable technology startups. Various incubators, accelerators, and investment programmes frequently assist these firms. Germany holds significant international trade fairs and technology and innovation events. Wearable technology firms can display their goods and developments to a global audience at events like the IFA (Internationale Funkausstellung Berlin).

Based on product market is segmented into wristwear, eyewear and headwear, footwear, fashion and jewelry, bodywear and other wearable technology. Wristwear products accounts for significant market share in Europe wearable technology market.

Wristwear is simple to obtain and use. They are worn on the wrist, which is a natural and convenient area for users to check notifications, track physical activity, and engage with apps and services. Their appeal stems from their ease of use. Wristwear is made to be fashionable and aesthetically pleasing, making it more enticing to customers. Many Europeans place a high value on fashion and style; therefore, smartwatches are frequently regarded as both utilitarian and fashionable accessories. Smartwatches and fitness trackers provide sophisticated health and fitness tracking features, which are in line with the European market's health consciousness. These gadgets track variables such as heart rate, sleep, steps, and calories burned, providing vital information to consumers looking to improve their health. Smartwatches and fitness trackers have a wide range of applications, from tracking exercises to monitoring sleep quality, scheduling appointments, and even making contactless payments. Their adaptability caters to numerous facets of consumers' daily lives. Europe has a rich culture of sports and outdoor activities. Fitness trackers and sports-oriented smartwatches are well-received by fitness and athletic enthusiasts, contributing to their market dominance. Smartwatches frequently include healthcare functions such as heart rate tracking and electrocardiogram (ECG) capabilities, which appeal to people who have specific medical needs or who want to closely monitor their health.

Based on type market is divided into wearable smart textiles and wearable product and devices (non-textiles). Wearable product and devices (non-textiles) type is significantly leading the market of Europe. Furthermore based on application market is segmented into consumer electronics, healthcare, enterprise and industrial applications and other applications (fashion and lifestyle, gaming and entertainment, military and defense, education and training, tourism and navigation, pet and animal health, etc.).

Smartwatches, fitness trackers, and augmented reality (AR) glasses are examples of non-textile wearables that have seen significant technical improvements. These gadgets include a variety of capabilities, such as health monitoring, notifications, augmented reality experiences, and others. Their popularity has been fueled by the allure of cutting-edge technology. Non-textile wearables are adaptable and can fulfil a variety of functions. Smartwatches, for example, can serve as fitness trackers, communication devices, and even as a smartphone extension. As a result of their adaptability, they are appealing to users looking for a single device that can suit a variety of demands. App ecosystems for many non-textile wearables extend their capabilities. Users can download apps for specialised activities ranging from tracking exercises to organising schedules, making these gadgets flexible to individual requirements. Consumer electronics is major application for wearable technology in Europe. Europe has a long history of accepting new technologies, and its consumers are generally open to the latest gadgets and ideas. Wearable technology, with its diverse features and purposes, appeals to this tech-savvy consumer base. Wearable devices can track a variety of health and fitness metrics, including heart rate monitoring, sleep tracking, step counting, and more. Consumers in Europe are eager to utilise wearables to monitor and improve their fitness levels, thanks to an increasing emphasis on health and wellbeing. Wearable technology is frequently accompanied by ecosystems and apps that allow users to customise their gadgets and access a wide range of functions. The availability of a diverse set of apps adds to the attraction of these gadgets.

Companies Covered in this report:
Samsung Electronics Co., Ltd, Apple Inc., Garmin Ltd., Sony Group Corporation, Xiaomi Corporation, HTC Corporation, Huawei Technologies Co., Ltd, Fossil Group, Inc., Google LLC, Toray Industries, Inc., Seiko Epson Corporation, Axon Enterprise, Inc.

Considered in this report:

• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Europe Wearable Technology market Outlook with its value and forecast along with its segments
• Country-wise Wearable Technology market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By Product:

• Wristwear
• Eyewear & Headwear
• Footwear
• Fashion & Jewelry
• Bodywear
• Other Wearable Technology (Wearable Camera)

By Type:

• Wearable Smart Textiles
• Wearable Products and Devices (Non-Textiles)

By Application:

• Consumer Electronics
• Healthcare
• Enterprise and Industrial Applications
• Other Applications (fashion and lifestyle, gaming and entertainment, military and defense, education and training, tourism and navigation, pet and animal health, etc.)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Wearable Technology industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.