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Wearable Computing Market Share

Report ID: GMI6352
Published Date: Jul 2023
Report Format: PDF

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Wearable Computing Market Share

Major players operating in the wearable computing industry are

Apple Inc.
Fossil Group Inc.
Garmin
Google LLC
Huawei Technologies Co.Ltd.
LG Electronics Inc.
Nike
Pebble Technology Corporation
Samsung Electronics
Sony Corporation
Xiaomi Corporation.

These companies are focusing on launching new innovative wearable devices to increase their market share. For instance, In October 2022, Apple released its Apple Watch Series 8, which has a new design, a faster processor, and a new blood pressure sensor.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of wearable computing was reached USD 56.2 billion in 2023 and is estimated to exhibit about 19.5% CAGR from 2024 to 2032, owing to the rapid integration of AI and voice assistants in wearable devices.

The display technologies segment captured more than 57% share of the wearable computing market in 2023 and may depict appreciable growth from 2024 to 2032, as it allows users to monitor their health statistics, notifications, and other important health information in real-time.

North America wearable computing market held approximately 35% of the market share in 2023 and is expected to expand at significant pace by 2032, owing to the high consumer tech adoption rate, health-conscious culture, and affinity for fitness & wellness.

Apple Inc., Fossil Group Inc., Garmin, Google LLC, Huawei Technologies Co., Ltd., LG Electronics Inc., Nike, Pebble Technology Corporation, Samsung Electronics, Sony Corporation and Xiaomi Corporation.