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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Smart Wearable Devices Market: By Type, By Product, By Application, and Region Forecast 2019-2030
Smart Wearable Devices Market: By Type, By Product, By Application, and Region Forecast 2019-2030
Smart Wearable Devices Market size was valued at US$ 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 market over the forecasted years.
In addition, the growing geriatric population across the globe is expected to boost the growth of the 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 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 market over the forecast years. Moreover, the integration of all computing requirements in a single smart device is expected to provide an opportunity for market key players in forecast years.
Study Period
2025-2031Base Year
2024CAGR
16.90%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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.
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 market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 87,391.1 million |
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Market CAGR |
16.90% |
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By Type |
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By Product Type |
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By Application |
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By Region |
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Download Free Sample Report
Smart Wearable Devices Market was valued at US$ 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.
| 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 |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.