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The global wearable technology market 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.
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.
The global wearable computing market size was valued at USD 59.34 billion in 2022 and is expected to grow at a CAGR of 20.2% from 2023 to 2030.
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.
Smartwatch Market Analysis. The Smartwatch Market size in terms of shipment volume is expected to grow from 171.38 Million units in 2024 to 583.81 Million units by 2029, at a CAGR of 27.78% during the forecast period (2024-2029).
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.
