Global Smart Wearables Market Overview
According to SPER Market Research, the Global Smart Wearables Market is estimated to reach USD 185.75 billion by 2032 with a CAGR of 14.95%.
The term "global smart wearables market" refers to the market for wearable gadgets that can link to the internet and other gadgets, like smartphones, to offer additional functions beyond simple fitness tracking. Smartwatches, fitness trackers, smart eyewear, and smart clothes are just a few examples of the gadgets that fall under the category of smart wearables. These gadgets frequently come with sensors and other cutting-edge technology, such artificial intelligence, to gather and analyse data from the user and offer insights on productivity, health and wellness, and other areas of interest. Since consumers have been more interested in gadgets that can do functions beyond simple fitness tracking, the market for smart wearables has grown significantly. Athletes and fitness fanatics are increasingly adopting wearable technology; public interest in health and wellness is expanding; and smartwatches are becoming more and more popular as alternatives to conventional timepieces. Several firms are vying for market share in the extremely competitive global market for smart wearables. Apple, Samsung, Fitbit, Xiaomi, and Garmin are a few of the major market participants. These businesses constantly innovate to enhance their goods and give customers new features and functionalities. The increased consumer adoption of these products and the creation of new technologies that offer even more cutting-edge features and capabilities are projected to push the market for smart wearables to rise over the coming years. The future expansion of the sector, however, can be hampered by worries about data security and privacy.
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Impact of COVID-19 on the Global Smart Wearables Market
The COVID-19 epidemic has had a substantial effect on the market for smart wearables worldwide. Consumer behaviour has changed in favour of remote working, home-based fitness, and telemedicine as a result of lockdowns and social seclusion policies. The demand for smart wearables that enable people to monitor their health and fitness from home has surged as a result of this. The increasing demand for smartwatches and fitness trackers has been one of the pandemic's most important effects on the smart wearables market. These gadgets have developed into crucial instruments for maintaining fitness levels and tracking health indicators including heart rate, sleep duration, and activity levels. A need for smart wearables that can track health parameters and give real-time input to healthcare practitioners has arisen as a result of the pandemic's heightened interest in telemedicine and remote patient monitoring. As a result, there has been a surge in investment in healthcare wearables, which has opened up new potential for industry participants. Thus, even while the COVID-19 pandemic has posed difficulties for the worldwide market for smart wearables, it has also opened up fresh prospects for development and innovation in this sector. The requirement for remote monitoring and health tracking will probably lead to an increase in demand for smart wearables as the globe struggles to contain the pandemic.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Device, By Technology, By Application.
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Apple, BBK (XTC), Fitbit, Garmin, Huawei, Jawbone, Lifesense, Misfit, Moto, Polar, Razer, Samsung, Xiaomi.
|
Target Audience:
- Fitness Enthusiasts
- Healthcare Industry
- Technology Industry
- Retail Stores
Global Smart Wearables Market Segmentation:
1. By Device:
- Fitness and Wellness Devices
- Smart Clothing
- Smart Glasses
- Smart Watches
- Others
2. By Technology:
- Communication And Networking Technology
- Computing Technology
- Display Technology
- Memory And Storage Technology
- Sensing Technology
- Speech And Pattern Recognition Technology
3. By Application:
- Consumer Smart Wearables
- Defense
- Enterprise and Industrial
- Fitness and Sports
- Healthcare
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Smart Wearables Market (FY’2019-FY’2032)
- Overview of Global Smart Wearables Market
- Segmentation of Global Smart Wearables Market By Device (Fitness and Wellness Devices, Smart Clothing, Smart Glasses, Smart Watches, Others)
- Segmentation of Global Smart Wearables Market By Technology (Communication And Networking Technology, Computing Technology, Display Technology, Memory And Storage Technology, Sensing Technology, Speech And Pattern Recognition Technology)
- Segmentation of Global Smart Wearables Market By Application (Consumer Smart Wearables, Defense, Enterprise and Industrial, Fitness and Sports, Healthcare)
- Statistical Snap of Global Smart Wearables Market
- Growth Analysis of Global Smart Wearables Market
- Problems and Challenges in Global Smart Wearables Market
- Competitive Landscape in the Global Smart Wearables Market
- Impact of COVID-19 and Demonetization on Global Smart Wearables Market
- Details on Recent Investment in Global Smart Wearables Market
- Competitive Analysis of Global Smart Wearables Market
- Major Players in the Global Smart Wearables Market
- SWOT Analysis of Global Smart Wearables Market
- Global Smart Wearables Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Smart Wearables Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Smart Wearables Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Wearables Market
7. Global Smart Wearables Market, By Device, 2019-2032 (USD Million)
7.1 Fitness and Wellness Devices
7.2 Smart Clothing
7.3 Smart Glasses
7.4 Smart Watches
7.5 Others
8. Global Smart Wearables Market, By Technology, 2019-2032 (USD Million)
8.1 Communication And Networking Technology
8.2 Computing Technology
8.3 Display Technology
8.4 Memory And Storage Technology
8.5 Sensing Technology
8.6 Speech And Pattern Recognition Technology
9. Global Smart Wearables Market, By Application, 2019-2032 (USD Million)
9.1 Consumer Smart Wearables
9.2 Defense
9.3 Enterprise and Industrial
9.4 Fitness and Sports
9.5 Healthcare
10. Global Smart Wearables Market, By Region, 2019-2032 (USD Million)
10.1 Global Smart Wearables Market Size and Market Share by Region (2019-2025)
10.2 Global Smart Wearables Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Apple,
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 BBK (XTC),
11.2.1 Financial outlook
11.2.2 Product summary
11.2.3 Recent developments
11.3 Fitbit,
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Garmin,
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Huawei,
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Jawbone,
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Lifesense,
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Misfit,
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Moto,
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Polar,
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Razer,
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Samsung,
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
11.13 Xiaomi
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
