Smart Wearables Market Analysis & Forecast during 2019-2028 – Latest Market Report by RationalStat

Posted June 17, 2022 by kimberlyshaw

Over the forecast period from 2022 to 2028, smart wearables will experience a 17% growth rate
The report, entitled "Smart Wearables Market", assesses the global as well as regional market based upon the operating system and end-user. A comprehensive report gives a complete historical and future market overview with trend analysis. The report includes key market characteristics, growth avenues, and strategic imperatives to be followed by all the stakeholders involved in smart wearables.
Market Overview and Dynamics
Over the forecast period from 2022 to 2028, smart wearables will experience a 17% growth rate. Health awareness and well-being are just a few of the factors that have influenced the global smart wearables market.
The major sales of smartwatches worldwide and fitness trackers are what drive the global smart wearables industry. The global sales for smart wearables were estimated at 240m units in 2021. They are expected to exceed the 500m volume by 2028.
The market growth is driven by new wearable operating platforms other than Apple, Google, and a shift toward analytics and wearable interfaces. Smart wearables are largely driven by new users attracted by devices that monitor their activity and help them keep track. There are huge growth opportunities in wealthy markets. However, the high price tag of smart wearables slows adoption in emerging countries. Smart textiles (Fabrics), shoes, and gloves will remain attractive areas in the future.
Wear OS (and Watch OS) dominate smart wearables worldwide with nearly 40% market share. Fashion & Lifestyle and Fitness & Wellness accounted for more than 50% of the market share in 2021. North America will dominate the market, followed by the Asia Pacific and Europe. The online sales channel will continue to be the most preferred purchasing option over the forecast period.
The strong competition in the global smart wearables market is being matched by a number of manufacturers. Google and Apple retain a dominant share of the smart wearables' market. Apple Inc. Google LLC Garmin Ltd Samsung Electronics Co. Ltd. Amazon Fitbit Under Armour Fossil Grup Solos Technology Limited Xiaomi Huawei Bose Nuheara Starkey, and BBK group are just a few examples of some of the key players in smart wearables sales.
RationalStat has segmented the global smart wearables market by the operating system, end user, product type, connectivity, application, sales channel, and region
• By Operating System
o Wear OS
o Watch OS
o Tizen OS
o Fitbit OS
o Others (Asteroid OS, Free RTOS, Zepp OS, etc.)
• By End User
o Individual
o Industrial and Commercial
 Transportation
 Military
 Sports and Fitness
 Healthcare
o Others (Manufacturing, Fashion, etc.)
• By Product Type
o Smartwatches
 Basic Smartwatches
• Cellular
• Non-cellular
 Advanced Smartwatches
• Cellular
• Non-cellular
o Glasses
o Wearable Cameras
o Ear Wearables (Hearables)
o Smart Clothes
o Data Gloves
o Footwear and Shoes
o Fitness & Wellness Devices
o Head-mounted Displays
o Smart Jewellery
o Health Wearables
 Patient Gowns and Vests
 Caps and Gloves
 Auxiliary Wearables
o Emerging Wearables (Pet Trackers, Child Trackers, etc.)
• By Connectivity
o Wi-Fi
o Cellular Data
o Bluetooth
o Near Field Communication
• By Application
o Infotainment
o Healthcare & Medical
o Fashion & Lifestyle
o Fitness & Wellness
o Safety & Security
o Auxiliary Applications
• By Sales Channel
o Modern Retail
 Online (e-commerce stores)
 Offline
• Hypermarkets
• Supermarkets
• Specialty and Discount Stores
 Conventional Retail (Retail Stores)
• By Region
o North America
 US
 Canada
o Latin America
 Brazil
 Mexico
 Rest of Latin America
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa
 South Africa
 Turkey
 Rest of the Middle East & Africa
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About RationalStat LLC
RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the clients’ needs. Additional services offered by the company include consumer research, country reports, risk reports, procurement intelligence, data analytics, and analytical dashboards.
RationalStat LLC
Kimberly Shaw, Content and Press Manager
[email protected]
Phone: +1 302 803 5429
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Categories Electronics
Tags smart gear , smart watch , smart wearable market , smart wearables
Last Updated June 17, 2022