Global Smart Wearables Market Growth 2023-2029

Global Smart Wearables Market Growth 2023-2029

In recent years, development in technology has changed the attitude of living of human beings. People are experiencing those things, which they only dreamed about decades ago and was considered as impossible in real life. Wearable technology is that technology which has changed the lifestyle of human beings. Wearable technology has been around for many years, but the craze of wearable technology begins when the prototype of Google Glass was first developed. The prototype of Google Glass has changed the view point of individuals. It helped users to start thinking beyond reality. Before the prototype, users were unaware about wearable technology. Nowadays there are various exciting products that are available in the markets and in the future it is expected to play an important part in our daily lives.

This report studies the Smart Wearables market, which covers the consumer Smart Wearables device. Smart wearable technology is defined as the gadgets which are worn on, or attached to, the body, while being used; and smart wearables use application-enabled advanced computing and wireless technologies to process the inputs. Some of the consumer smart wearable devices are Google Glass, Samsung Gear, Nike wristbands and Google cardboard. These devices are used for fitness, healthcare, lifestyle, and entertainment purposes.

LPI (LP Information)' newest research report, the “Smart Wearables Industry Forecast” looks at past sales and reviews total world Smart Wearables sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Wearables sales for 2023 through 2029. With Smart Wearables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Wearables industry.

This Insight Report provides a comprehensive analysis of the global Smart Wearables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Wearables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Wearables market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Wearables and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Wearables.

The global Smart Wearables market size is projected to grow from US$ 18800 million in 2022 to US$ 42200 million in 2029; it is expected to grow at a CAGR of 42200 from 2023 to 2029.

Apple is the world leading brand in global Smart Wearables market with the market share of 37%, in terms of revenue, followed by Fitbit, Samsung and Huawei.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Wearables market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Fitness Band

Smart Watches

Smart Glasses

Others

Segmentation by application

Fitness and Wellness

Infotainment

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Fitbit

Xiaomi

Apple

Garmin

Samsung

Jawbone

Misfit

Polar

Moto

Huawei

BBK(XTC)

Lifesense

Razer

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Wearables market?

What factors are driving Smart Wearables market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Wearables market opportunities vary by end market size?

How does Smart Wearables break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.