The report - "Smart Wearables Market” evaluates both the global and regional markets based on the operating system, user, product type, and connectivity. Comprehensive market research by RationalStat provides a robust analysis of the historical and potential future market sizes, as well as trend analysis. The report provides key information, growth avenues, strategic imperatives, and other important details for all parties involved in the smart-wearables market.
Market Overview and Dynamics
In the period between 2022 and 2028, smart wearables are expected to grow at an average CAGR of approximately 17%. Global smart wearables demand is driven by well-being, health awareness, and a growing popularity of outdoor activities.
The huge sales of smartwatches around the world are the main driver of the global smart wearables market. Global sales of smart wearables are estimated at 240,000,000 units in 2021 and will surpass 500,000,000 units by 2028.
The demand for smart wearables is driven mainly by the new users who are attracted by devices that keep track of their health and activity levels. The growth potential for emerging markets is huge, but the high cost of smart wearables slows down the adoption rate in the more affluent countries. Smart textiles (Fabrics), footwear, and gloves are all expected to continue to be highly profitable in the coming years.
Wear OS, Watch OS and Watch OS hold nearly 40% of the global smartwatches market. Fashion & Lifestyle combined accounted for more than half the market share for 2021. Based on region, Europe, Asia Pacific, North America, and Europe will dominate the market. Online sales channels will remain the most popular option during the forecast.
Analysis of the Competition
The fierce competition in the global smart wearables market is evident against the backdrop that there are many manufacturers. Google and Apple are the dominant players in the global smart-wearables market. Apple Inc. Google LLC Garmin Ltd Samsung Electronics Co. Ltd. Amazon Fitbit, Under Armour Fossil Group Solos Technology Limited, Xiaomi Huawei, Bose Nuheara Starkey and BBK Group are just a few of those leading smart wearables sellers.
RationalStat has segmented the global smart wearables market by the operating system, end user, product type, connectivity, application, sales channel, and region
• By Operating System
o Wear OS
o Watch OS
o Tizen OS
o Fitbit OS
o Others (Asteroid OS, Free RTOS, Zepp OS, etc.)
• By End User
o Individual
o Industrial and Commercial
 Transportation
 Military
 Sports and Fitness
 Healthcare
o Others (Manufacturing, Fashion, etc.)
• By Product Type
o Smartwatches
 Basic Smartwatches
• Cellular
• Non-cellular
 Advanced Smartwatches
• Cellular
• Non-cellular
o Glasses
o Wearable Cameras
o Ear Wearables (Hearables)
o Smart Clothes
o Data Gloves
o Footwear and Shoes
o Fitness & Wellness Devices
o Head-mounted Displays
o Smart Jewellery
o Health Wearables
 Patient Gowns and Vests
 Caps and Gloves
 Auxiliary Wearables
o Emerging Wearables (Pet Trackers, Child Trackers, etc.)
• By Connectivity
o Wi-Fi
o Cellular Data
o Bluetooth
o Near Field Communication
• By Application
o Infotainment
o Healthcare & Medical
o Fashion & Lifestyle
o Fitness & Wellness
o Safety & Security
o Auxiliary Applications
• By Sales Channel
o Modern Retail
 Online (e-commerce stores)
 Offline
• Hypermarkets
• Supermarkets
• Specialty and Discount Stores
 Conventional Retail (Retail Stores)
• By Region
o North America
 US
 Canada
o Latin America
 Brazil
 Mexico
 Rest of Latin America
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa
 GCC
 South Africa
 Turkey
 Rest of the Middle East & Africa
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RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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