Learn about the global smart wearables market through The Business Research Company, which provides information on smart wearables market size, smart wearables market drivers and restraints, smart wearables market players, the COVID-19 impact on the smart wearables market, and more.

The global smart wearables market size is expected grow from $18.08 billion in 2021 to $20.64 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart wearable market is expected to reach $31.95 billion in 2026 at a CAGR of 11.5%.

The increasing demand for wireless sports and fitness devices is projected to drive the smart wearables market.

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The smart wearables market consists of sales of smart wearable devices and related services for tracking vital pieces of data related to the health and fitness of the human body. Smart wearables are any form of an electronic device intended to be worn on the human body.

Global Smart Wearables Market Segments Include:

By Devices: Smart Watches, Smart Glasses, Fitness and Wellness Devices, Smart Clothing, Others

By Application: Lifestyle, Healthcare, Consumer Applications, Defense, Fitness and Sports, Enterprise and Industrial

By Technology: Memory and Storage Technology, Speech and Pattern Recognition Technology, Communication and Networking Technology, Sensing Technology, Computing Technology, Display Technology

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the smart wearables market in 2021.

The use of smart rings is a key trend shaping the growth of the smart wearables market. A smart ring is a wearable electronic device equipped with mobile devices such as sensors and NFC chips that are used as a peripheral tool to assist mobile devices for a variety of purposes, often monitoring everyday tasks.

TBRC’s smart wearables market report covers:

Major Market Players: Apple Inc., Samsung, Google, Xiaomi, Nike, Motorola Solutions Inc., Garmin, Jawbone, Misfit, and Polar.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Wearables Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart wearables market overviews, analyzes and forecasts market size, share, smart wearables market players, smart wearables market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart wearables market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Smart Watch Global Market Report 2022

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Home Fitness Equipment Global Market Report 2022

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