How big is the wearable tech market?
The global wearable technology market size was valued at USD 40.65 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.8% from 2021 to 2028.
What are the Top 5 wearable technologies today?
You can already order most of the devices mentioned in this list from Amazon.
- Smart Rings. One of the most basic yet useful smart wearable devices you can get this upcoming year is a smart ring.
- Smart Glasses.
- Smart Clothing with Sensors.
- Smart Earphones.
- Medical Wearables.
- Smart Helmets.
- Biosensors.
What companies are developing wearable technology?
From Digital Medicine to motion tracking technology, here are 10 of the top medical device companies and startups developing healthcare technology for the wearables market.
- Proteus.
- Neurotech.
- Stanford Biology.
- Augmedix.
- Athos.
- Atlas Tracking.
- MATRIX.
- Apple.
Which is a number 1 wearable brand globally?
Apple
Company | 4Q21 Shipments | 4Q21 Market Share |
---|---|---|
1. Apple | 59.7 | 34.9% |
2. Xiaomi | 14.6 | 8.6% |
3. Samsung | 13.6 | 7.9% |
4. Huawei | 11.5 | 6.7% |
Is the wearables market growing?
As per the analysis shared by our research analyst, the Wearable Technology market is estimated to grow at a CAGR of around 18.5% during the forecast period. The wearable technology market was valued at around USD 115.8 Bn in 2021 and is projected to reach US$ 380.5 Bn by 2028.
What is wearable market?
The Smart Wearable Market is segmented by Product (Smartwatch, Head-mounted Display, Smart Clothing, Ear Worn, Fitness Tracker, Body Worn Camera, Exoskeleton, and Medical Devices) and Geography.
What is the future of wearable technology?
Future wearables could be more hidden by adding a thin film inside your favorite jewelry to measure biometric data, activity levels and even let you know when you’ve been typing at a keyboard too long. Personalized. From wedding rings to Invisalign, objects worn on the body 24-7 are a personal thing.
What is the most popular wearable?
Wearable segments The most successful wearable devices on the market right now are smartwatches and health and fitness trackers, with the relative newcomer hearables taking over as the most dominant category.
Who is Fitbit’s biggest competitor?
Fitbit’s top competitors include iFIT Health & Fitness, Athos, Xiaomi, LG Electronics, Apple, Fossil Group, Garmin, Vessel Health, Jawbone Health, Misfit Wearables and Wiivv Wearables. Fitbit is a company providing wearable devices with software and services that help users reach their health and fitness goals.
What are three popular wearable devices?
Common examples of wearable technology include the following:
- Smart jewelry. This can include smart rings, wristbands, watches and pins.
- Body-mounted sensors.
- Fitness trackers.
- Smart clothing.
- Augmented reality (AR) headsets.
- VR headsets.
- AI hearing aids.
Who are the world’s biggest wearable tech buyers?
Top players The leading wearables vendors are Apple, Xiaomi, Huawei, and Samsung, with Apple holding the largest share of the market.