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 19.5% 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 67.81 billion. The report covers the Smart Wearable Market historical market size for years: 2019, 2020, 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 wearables market is fragmented due to the presence of many significant players. Some prominent players include Fitbit Inc., Fossil Group Inc., Garmin Ltd, Samsung Electronics Co. Ltd, Apple Inc., Cyberdyne Inc., Transcend Information Inc., and GoPro Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

January 2024: Fitbit and Quest Diagnostics announced a collaboration to study the potential of wearable devices to improve metabolic health, which influences the risk of developing several diseases, including diabetes and heart disease.
October 2023: Fitbit announced it would use AI to connect the dots between health metrics and extract deeper trends in customer health and fitness data.