Last Update: Oct 05, 2022.

Submitted by: Nerita Hanover
Score: 87/100 (42 votes)

Is the wearables market growing?

b. The global wearable technology market is expected to grow at a compound annual growth rate of 13.8% from 2021 to 2028 to reach USD 118.16 billion by 2028. Report AttributeDetailsMarket size value in 2021USD 47.89 billionRevenue forecast in 2028USD 118.16 billionGrowth RateCAGR of 13.8% from 2021 to 2028

The Smart Wearables market was valued at 11300 Million USD in 2018 and is projected to reach 33000 Million USD by 2025, at a CAGR of 14.4% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Wearables.

Benefits of Market Share As the total market for a product or service grows, a company that is maintaining its market share is growing revenues at the same rate as the total market. A company that is growing its market share will be growing its revenues faster than its competitors.

The wearable device industry is dominated by Apple, Xiaomi, Samsung, and Huawei. In 2021, Apple was the leading wearables vendor, occupying 30.3 percent of the market. Prior to Apple becoming the leading wearable devices vendor in 2017, Fitbit was the market leader with market shares close to 40 percent.

Realme Partners Khy Electronics To Make Wearables In India

Fast growing smartphone brand Realme has partnered with contract manufacturer Khy Electronics to assemble Realme smart watches, making it the first Chinese company to make wearables in India, people familiar with the matter said.

Realme Partners Khy Electronics To Make Wearables In India

What are the disadvantages of wearable technology?
Wearables are expensive. Some wearables are not stand-alone devices. Wearables can have health risks. Wearable technology may pose security risks. There are some privacy concerns regarding wearables. There are limitations to the use of wearables because of their size.

Smart health care is built around specialized devices (e.g., sensors and wearables), all of which must be connected. A module-based approach to connectivity solutions offers the broadest IoT product portfolio on the market.

Smart Wearables Market Report Overview: These devices are used for fitness, healthcare, lifestyle, and entertainment purposes. Wearable technology is the incorporation of technology with regular accessories which allow users to make their life easier.

Wearable Definition Meaning

Usually wearables . something that may be worn or carried on the body, as an item of clothing: high-fashion wearables.

Wearable Definition   Meaning

By application, it is categorized into smartphone tablet, smart wearables, television digital signage, PC laptop, vehicle display, and others. By industry vertical, the market is divided into healthcare, consumer electronics, retail, BFSI, military defense, transportation, and others.

2020: Future of Manufacturing Technology
Advancing robotics and automation.Embracing additive manufacturing and 3D printing.Working with wearables.Recognizing growing need for 5G.Continued IoT investments.

The major driving factors of Global Wearable Devices Market are as follows: Customer preference for sophisticated devices. Increasing popularity of internet of things (IoT) and related devices. Reception of Wearables in Multiple Application Areas.

Innovation And Technology For The Future Of Embedded Finance

Embedded finance is a growing global market The global B2B payments transactions market is estimated to be worth $70 Bn by 2030, growing at a compound annual growth rate (CAGR) of 10.7% from 2021 to 2030.

Innovation And Technology For The Future Of Embedded Finance

Noise is an Indian wearables company headquartered in Gurugram. Noise markets itself as "Made in India". Noise is one of leading companies in smart watch market in India as of June 2020 and ranked among top 5 brands in India in wireless earphones.

Data analytics is the fastest growing area of market research.Oct 9, 2019