How big is the Smart Wearable Market?

The Smart Wearable Market size is expected to reach USD 84.23 billion in 2024 and grow at a CAGR of 19.48% to reach USD 205.10 billion by 2029. Read More

What is the current Smart Wearable Market size?

In 2024, the Smart Wearable Market size is expected to reach USD 84.23 billion. Read More

Who are the key players in Smart Wearable Market?

Apple Inc., Fitbit Inc., Fossil Group Inc., Samsung Electronics Co., Ltd. and Garmin Ltd. are the major companies operating in the Smart Wearable Market. Read More

Which is the fastest growing region in Smart Wearable Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Wearable Market?

In 2024, the North America accounts for the largest market share in Smart Wearable Market. Read More

What years does this Smart Wearable Market cover, and what was the market size in 2023?

In 2023, the Smart Wearable Market size was estimated at USD 70.5 billion. The report covers the Smart Wearable Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Smart Wearable Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major factors driving the Smart Wearables Industry?

The major factors driving the Smart Wearables Industry are a) Seamless pairing between smart wearables and smartphones enhancing functionality and user experience b) Increased consumer understanding of the health and lifestyle benefits offered by smart wearables Read More

What are the key challenges faced by the Smart Wearables Market?

Key challenges faced by the Smart Wearables Market include: a) Data privacy concerns b) High product costs c) Limited battery life of wearable devices Read More

Smart Wearable Market Share

Statistics for the 2023 & 2024 Smart Wearable market share, created by Mordor Intelligence™ Industry Reports. Smart Wearable share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Wearable Industry

The smart wearable market is highly competitive and gained a competitive edge in recent years. Additionally, the players have gained a competitive advantage in this fast-growing market, mainly catering to the demand of the millennial generation population.

September 2022 - U&i announced the launch of three premium wearables for an active lifestyle. In real-time, the smartwatch also features Sports Modes that can sense multiple body activities, such as walking, running, jogging, etc., to help users stay fit and active.
May 2022 - Vuzix Corporation announced signing an agreement with Atomistic SAS (Atomistic), an mLED(micro-Light Emitting Diode) display solutions enterprise based in France. The agreement provides for the custom backplane design, an exclusive license of key mLEDtechnology, and the ability to acquire the enterprise, which depends upon achieving various technical phases. The Atomistic company will deliver a backplane on advanced node 300mm wafers, along with system-level support from Vuzix, intended to support upcoming mLEDs based upon its innovative material science and alternative LEDs from potential third-party suppliers. The mLEDswill be provided for AR glasses.