Global wearable technology market is anticipated to reach USD 50 billion by 2025, growing at a CAGR of over 15% during the forecast period, due to the increasing customer preference for sophisticated devices and soaring popularity of IoT and connected devices. Products in the wearable technology market are registering technological advancements with the incorporation of miniature sensors, cloud technology, machine learning, etc., which is positively influencing the market growth over the coming years.

Based on the product, wristwear segment, which include smart watches and wristbands, is anticipated to dominate the market during the forecast period due to elevating demand for fitness and healthcare. In terms of application, the market has been segmented into consumer electronics, enterprise & industrial and healthcare. The healthcare segment is anticipated to grow at the highest rate during the forecast period owing to various offerings of wearable technology such as continuous glucose monitoring, drug delivery monitoring, etc. Moreover, increasing cases of chronic diseases such as diabetes are further escalating the application of wearable technology in healthcare. Regionally, North America is the leading region in the global wearable technology market due to technological advancements coupled with rising demand for connected devices.

 The major players operating in the wearable technology market are Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Alphabet, Inc., Qualcomm Technologies, Inc., Guangdong Bbk Electronics Co., Ltd, Lifesense Group B.V., Huawei Technologies Co., Ltd., Motorola Solutions Inc., Adidas Group, Apple, Inc. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of global wearable technology market from 2015 to 2018.
  • To estimate and forecast the market size of global wearable technology market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast global wearable technology market based on component, product, technology, application, company and regional distribution.
  • To identify dominant region or segment in the global wearable technology market.
  • To identify drivers and challenges for global wearable technology market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global wearable technology market.
  • To conduct pricing analysis for global wearable technology market.
  • To identify and analyze the profile of leading players operating in global wearable technology market.
  • To identify key sustainable strategies adopted by market players in global wearable technology market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global wearable technology market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Wearable technology manufacturers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Wearable Technology

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global wearable technology market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Wearable Technology Market, By Product:
    • Headwear & Eyewear
    • Wristwear
    • Footwear
    • Bodywear
    • Neckwear
    • Others
  • Global Wearable Technology Market, By Technology:
    • Networking Technology
    • Display Technology
    • Positioning Technology
    • Computing Technology
    • Sensor Technology
  • Global Wearable Technology Market, By Components:
    • Sensing Components
    • Control Components
    • Interface Components
    • Display and Optoelectronic Components
    • Memory Components
    • Power Supply Components
    • Positioning & Networking Components
  • Global Wearable Technology Market, By Application:
    • Consumer Electronics
    • Enterprise & Industrial
    • Healthcare
  • Global Wearable Technology Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global wearable technology market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Wearable Technology Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Challenges/Issues Faced Post Purchase

5.3.  Product Awareness

6.    Global Wearable Technology Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Headwear & Eyewear, Wristwear, Footwear, Bodywear, Neckwear, others)

6.2.2.     By Technology (Networking Technology, Display Technology, Positioning Technology, Computing Technology and Sensor Technology)

6.2.3.     By Components (Sensing Components, Control Components, Interface Components, Display and Optoelectronic Components, Memory Components, Power Supply Components and Positioning & Networking Components)

6.2.4.     By Application (Consumer Electronics, Enterprise & Industrial and Healthcare)

6.2.5.     By Company (2019)

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Wearable Technology Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Method

7.2.3.     By Application

7.2.4.     By End User

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Wearable Technology Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Method

7.3.1.2.3.             By Application

7.3.1.2.4.             By End User

7.3.2.     India Wearable Technology Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Method

7.3.2.2.3.             By Application

7.3.2.2.4.             By End User

7.3.3.     Australia Wearable Technology Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Method

7.3.3.2.3.             By Application

7.3.3.2.4.             By End User

7.3.4.     Japan Wearable Technology Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Method

7.3.4.2.3.             By Application

7.3.4.2.4.             By End User

7.3.5.     South Korea Wearable Technology Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Method

7.3.5.2.3.             By Application

7.3.5.2.4.             By End User

8.    Europe Wearable Technology Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Method

8.2.3.     By Application

8.2.4.     By End User

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Wearable Technology Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Method

8.3.1.2.3.             By Application

8.3.1.2.4.             By End User

8.3.2.     Germany Wearable Technology Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Method

8.3.2.2.3.             By Application

8.3.2.2.4.             By End User

8.3.3.     United Kingdom Wearable Technology Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Method

8.3.3.2.3.             By Application

8.3.3.2.4.             By End Use

8.3.4.     Italy Wearable Technology Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Method

8.3.4.2.3.             By Application

8.3.4.2.4.             By End User

8.3.5.     Spain Wearable Technology Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Method

8.3.5.2.3.             By Application

8.3.5.2.4.             By End User

9.    North America Wearable Technology Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Method

9.2.3.     By Application

9.2.4.     By End User

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Wearable Technology Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Method

9.3.1.2.3.             By Application

9.3.1.2.4.             By End User

9.3.2.     Mexico Wearable Technology Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Method

9.3.2.2.3.             By Application

9.3.2.2.4.             By End User

9.3.3.     Canada Wearable Technology Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Method

9.3.3.2.3.             By Application

9.3.3.2.4.             By End User

10.  South America Wearable Technology Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Method

10.2.3.  By Application

10.2.4.  By End User

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Wearable Technology Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Method

10.3.1.2.3.           By Application

10.3.1.2.4.           By End User

10.3.2.  Argentina Wearable Technology Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Method

10.3.2.2.3.           By Application

10.3.2.2.4.           By End User

10.3.3.  Colombia Wearable Technology Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Method

10.3.3.2.3.           By Application

10.3.3.2.4.           By End Use

11.  Middle East and Africa Wearable Technology Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Method

11.2.3.  By Application

11.2.4.  By End User

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Wearable Technology Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Method

11.3.1.2.3.           By Application

11.3.1.2.4.           By End User

11.3.2.  Saudi Arabia Wearable Technology Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Method

11.3.2.2.3.           By Application

11.3.2.2.4.           By End User

11.3.3.  UAE Wearable Technology Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Method

11.3.3.2.3.           By Application

11.3.3.2.4.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Xiaomi Technology Co., Ltd

14.2.              Samsung Electronics Co., Ltd.

14.3.              Alphabet, Inc.

14.4.              Qualcomm Technologies, Inc.

14.5.              Guangdong Bbk Electronics Co., Ltd

14.6.              Lifesense Group B.V.

14.7.              Huawei Technologies Co., Ltd.

14.8.              Motorola Solutions Inc.

14.9.              Adidas Group

14.10.            Apple, Inc.       

15.  Strategic Recommendations

16. About Us & Disclaimer

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