Wearable Electronics - Global Market Trajectory & Analytics

Global Wearable Electronics Market to Reach $90 Billion by 2027

Amid the COVID-19 crisis, the global market for Wearable Electronics estimated at US$20.8 Billion in the year 2020, is projected to reach a revised size of US$90 Billion by 2027, growing at a CAGR of 23.3% over the analysis period 2020-2027. Wristwear, one of the segments analyzed in the report, is projected to record a 21.8% CAGR and reach US$48.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Eyewear segment is readjusted to a revised 25.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.9 Billion, While China is Forecast to Grow at 26.4% CAGR

The Wearable Electronics market in the U.S. is estimated at US$7.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 26.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 18.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.

Hearables Segment to Record 23.7% CAGR

In the global Hearables segment, USA, Canada, Japan, China and Europe will drive the 23.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$918.4 Million in the year 2020 will reach a projected size of US$4.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.1 Billion by the year 2027.

Select Competitors (Total 133 Featured) -

• Adidas America, Inc.
• Apple, Inc.
• Fitbit, Inc.
• Google LLC
• Nike, Inc.
• Samsung Electronics America, Inc.
• Sony Corporation