Wearables Market in US 2024-2028

Wearables Market In US 2024-2028

The wearables market in US is forecasted to grow by USD 34.53 bn during 2023-2028, accelerating at a CAGR of 16.47% during the forecast period. The report on the wearables market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing preference for wearables devices for payment, increasing focus on fitness and healthy lifestyle orientation, and development of miniaturized electronic components.

Technavio's wearables market in US is segmented as below:

By Distribution Channel

• Online
• Offline

By Product

• Smart watches
• Wireless headphones
• HMDs
• Smart bands
• Others

By Application

• Consumer electronics
• Healthcare
• Enterprise and industrial
• Others

This study identifies the focus on development of low-power electronics as one of the prime reasons driving the wearables market in US growth during the next few years. Also, growing number of partnerships and M and A activities and emergence of hybrid smartwatch market will lead to sizable demand in the market.

The report on the wearables market in US covers the following areas:

• Wearables market in US sizing
• Wearables market in US forecast
• Wearables market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wearables market in US vendors that include Adidas AG, Alphabet Inc., ASUSTeK Computer Inc., Capri Holdings Ltd., Casio Computer Co. Ltd., Fossil Group Inc., Garmin Ltd., HTC Corp., Huawei Technologies Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Motorola Solutions Inc., Nike Inc., Nokia Corp., Polar Electro Oy, Samsung Electronics Co. Ltd., Sony Group Corp., TomTom NV, Xiaomi Communications Co. Ltd., and Apple Inc.. Also, the wearables market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.