What is the current Wearable Computing Devices Market size?

The Wearable Computing Devices Market is projected to register a CAGR of 19.90% during the forecast period (2024-2029) Read More

Who are the key players in Wearable Computing Devices Market?

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

Which is the fastest growing region in Wearable Computing Devices 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 Wearable Computing Devices Market?

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

What years does this Wearable Computing Devices Market cover?

The report covers the Wearable Computing Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wearable Computing Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Wearable Computing Devices Market Share

Statistics for the 2023 & 2024 Wearable Computing Devices market share, created by Mordor Intelligence™ Industry Reports. Wearable Computing Devices 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 Wearable Computing Devices Industry

The wearable computing devices market is fragmented and highly competitive. Post-COVID-19 pandemic, people became more cautious about health and fitness, which accelerated the demand for fitness wearables in the healthcare sectors. Industry 4.0 is revolutionizing the services of every sector, be it manufacturing, healthcare, banking, and others. These technical advancements are creating a robust end-user market for wearables as well. The rising disposable income of consumers is creating huge market opportunities in developing regions. Also, as many new players are entering this market, the competition is increasing in the market. The key players include Fitbit Inc., Apple Inc., and Adidas AG.

In January 2022, Matterport announced its partnership with Retail VR (a French virtual reality developer). By adopting this immersive technology, Retail VR can boost retail and eCommerce campaigns for global brands. With digital twin solutions, the company can give its shoppers high-quality digital scans of physical stores.

In December 2022, Meta acquired Netherlands-based 3D smart glass maker Luxexcel. The latter is proficient in designing elements required for an augmented reality (AR) experience within a prescription lens, such as holographic film and projectors. Meta is working on the next level of VR headset that would deliver high-resolution mixed reality to blend virtual objects into the physical environment around the users. Luxexcel's 3D-printed prescription lenses can be used for this.

In February 2023, Wellstar Healthcare collaborated with Moth+Flame, a VR communication technology developer. The training provided by Moth+Flame reduced the anxiety levels around difficult conversations by 57%.

In February 2023, the Indian wearable brand Gizmore partnered with Optiemus Electronics Limited to manufacture nearly 1 million smartwatches annually.