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The global wearable technology market size was valued at USD 61.30 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.6% from 2023 to 2030. The increasing adoption of smart wearable technology products among consumers is driving industry growth.
The Wearable Technology Market size is estimated at USD 186.48 billion in 2024, and is expected to reach USD 493.26 billion by 2029, growing at a CAGR of 17.60% during the forecast period (2024-2029). The evolution of wearable technology is largely attributed to the rise of MEMS sensors.
21 Οκτ 2024 · The global wearable technology market size was valued at USD 120.15 billion in 2023. The market is projected to grow from USD 157.30 billion in 2024 to USD 1,695.46 billion by 2032, exhibiting a CAGR of 34.6% during the forecast period.
16 Μαΐ 2024 · Wearables - statistics & facts. Tracking health data and visualizing them in real time, listening to your favorite music in private, or immerging yourself in a new reality are just a touch on...
The global wearable technology market is expected to grow from USD 70.30 billion in 2024 to USD 152.82 billion by 2029, growing at a CAGR of 16.8% during the forecast period. The growth prospects of next-generation displays in wearable devices are increasing to fuel market growth.
2 Μαΐ 2024 · The global market for wearable electronic devices is forecast to reach 644 million units and $90 billion in spending by 2028. Consumer health and hybrid work trends will drive the need for smartwatches, head-mounted displays and ear-worn devices.
Key factors driving the wearable computing market growth are technology breakthroughs in wearable devices, rising consumer acceptance of wearable technology such as fitness bands and smartwatches, and the rising appeal of wearable medical and health equipment.
