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Smart Wearables Global Market Report 2021: COVID-19 Growth and Change to 2030

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    Report

  • 175 Pages
  • September 2021
  • Region: Global
  • The Business Research Company
  • ID: 5446083
Smart Wearables Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global smart wearables market.







This report focuses on the smart wearables market which is experiencing strong growth. The report gives a guide to the smart wearables market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase


  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for smart wearables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Wearables market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart wearables market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The smart wearables market section of the report gives context. It compares the smart wearables market with other segments of the smart wearables market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart wearables indicators comparison.

Scope


Markets Covered:


  • By Devices: Smart Watches; Smart Glasses; Fitness & Wellness Devices; Smart clothing; Others
  • By Application: Lifestyle; Healthcare; Consumer applications; Defense; Fitness & sports; Enterprise & industrial
  • By Technology: Memory and Storage Technology; Speech and Pattern Recognition Technology; Communication and Networking Technology; Sensing Technology;Computing Technology; Display Technology

Companies Mentioned:


Apple Inc.; Samsung; Google; Xiaomi; Nike

Countries:


Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data:


Ratios of market size and growth to related markets, GDP proportions; per capita expenditure..

Data segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Smart Wearables Market

What is the estimated value of the Global Smart Wearables Market?

The Global Smart Wearables Market was estimated to be valued at $17.35 billion in 2021.

What is the growth rate of the Global Smart Wearables Market?

The growth rate of the Global Smart Wearables Market is 15.5%, with an estimated value of $30.88 billion by 2025.

What is the forecasted size of the Global Smart Wearables Market?

The Global Smart Wearables Market is estimated to be worth $30.88 billion by 2025.

Who are the key companies in the Global Smart Wearables Market?

Key companies in the Global Smart Wearables Market include Apple Inc., Samsung, Google, Xiaomi, Nike, Motorola Solutions Inc., Garmin, Jawbone and Polar.

Table of Contents

1. Executive Summary2. Smart Wearables Market Characteristics3. Smart Wearables Market Trends and Strategies4. Impact Of COVID-19 On Smart Wearables
5. Smart Wearables Market Size and Growth
5.1. Global Smart Wearables Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Smart Wearables Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Smart Wearables Market Segmentation
6.1. Global Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Smart Watches
  • Smart Glasses
  • Fitness & Wellness Devices
  • Smart clothing
  • Others
6.2. Global Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Lifestyle
  • Healthcare
  • Consumer applications
  • Defense
  • Fitness & sports
  • Enterprise & industrial
6.3. Global Smart Wearables Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Memory and Storage Technology
  • Speech and Pattern Recognition Technology
  • Communication and Networking Technology
  • Sensing Technology
  • Computing Technology
  • Display Technology

7. Smart Wearables Market Regional and Country Analysis
7.1. Global Smart Wearables Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Smart Wearables Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Smart Wearables Market
8.1. Asia-Pacific Smart Wearables Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Smart Wearables Market
9.1. China Smart Wearables Market Overview
9.2. China Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Smart Wearables Market
10.1. India Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Smart Wearables Market
11.1. Japan Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Smart Wearables Market
12.1. Australia Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Smart Wearables Market
13.1. Indonesia Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Smart Wearables Market
14.1. South Korea Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Smart Wearables Market
15.1. Western Europe Smart Wearables Market Overview
15.2. Western Europe Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Smart Wearables Market
16.1. UK Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Smart Wearables Market
17.1. Germany Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Smart Wearables Market
18.4. France Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Smart Wearables Market
19.1. Eastern Europe Smart Wearables Market Overview
19.2. Eastern Europe Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Smart Wearables Market
20.1. Russia Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Smart Wearables Market
21.1. North America Smart Wearables Market Overview
21.2. North America Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Smart Wearables Market
22.1. USA Smart Wearables Market Overview
22.2. USA Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Smart Wearables Market
23.1. South America Smart Wearables Market Overview
23.2. South America Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Smart Wearables Market
24.1. Brazil Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Smart Wearables Market
25.1. Middle East Smart Wearables Market Overview
25.2. Middle East Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Smart Wearables Market
26.1. Africa Smart Wearables Market Overview
26.2. Africa Smart Wearables Market, Segmentation by Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Smart Wearables Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Smart Wearables Market Competitive Landscape and Company Profiles
27.1. Smart Wearables Market Competitive Landscape
27.2. Smart Wearables Market Company Profiles
27.2.1. Apple Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Samsung
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Google
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Xiaomi
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Nike
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Smart Wearables Market29. Smart Wearables Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

Major players in the smart wearables market are, Apple Inc., Samsung, Google, Xiaomi, Nike, Motorola Solutions Inc., Garmin, Jawbone, and Misfit.

The global smart wearables market is expected grow from $14.93 billion in 2020 to $17.35 billion in 2021 at a compound annual growth rate (CAGR) of 16.2%. The growth 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 market is expected to reach $30.88 billion in 2025 at a CAGR of 16%.

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.

The smart wearables market covered in this report is segmented by devices into smartwatches smart glasses fitness & wellness devices smart clothing others and by application into lifestyle healthcare consumer applications defense fitness & sports enterprise & industrial.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The lack of control over the data generated by owners through their smart wearable device’s constraints the growth of the market. The privacy policy of most wearable devices states that data collected would be shared with a third-party vendor, inherently giving way for the data breach. For instance, in 2018, Strava, a fitness tracking application revealed the location of the US soldiers in Iran and Syria. Data breaches are a big concern to the users making it an obstacle for people to adopt the use of these devices and thus, impacts market growth negatively.

In November 2019, Google LLC, a US-based multinational technology company, acquired Fitbit, Inc. for $2.1 billion. The acquisition of Fitbit was aimed to strengthen Google LLC in the business of smart wearable devices. Fitbit, Inc., a US-based company, is specialized in the production of wireless wearable technology devices.

The increasing demand for wireless sports and fitness devices is projected to drive the smart wearables market. There is a rapid growth in the use of smart devices such as smartwatches among cyclists, runners, gym-goers, swimmers, and athletes to track the calories burnt, hourly activity, stationary time, and activity time. For instance, in September 2019, Garmin, a US-based technology company, launched the Garmin Vivo active 4, a smartwatch that is featured with a fitness tracker to track every move of the human body. Therefore, the demand for smart and wireless fitness devices is expected to propel the smart wearables market.

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. For example, in September 2019, Amazon introduced the Echo Loop Smart Ring with the intention of keeping Alexa on finger. The Echo Loop Smart Ring vibrates to alert users to notifications, while built-in microphones and speakers will be enabled to communicate with Alexa.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Apple Inc.
  • Samsung
  • Google
  • Xiaomi
  • Nike
  • Motorola Solutions Inc.
  • Garmin
  • Jawbone
  • Misfit
  • Polar
  • Huawei
  • BBK(XTC)
  • Razer
  • Fossil Group Inc
  • Medtronic PLC
  • Transcend Information Inc.
  • Adidas AG.
  • Sony Corporation
  • Huawei Technologies Co. Ltd.
  • LG Electronics Inc.
  • Fossil Group Inc.
  • Jawbone
  • Misfit
  • Pebble Technology Corp.
  • Polar Electro Inc.
  • Withings SA
  • Michael Kors
  • Casio Electronics Co. Ltd.
  • TAG Heuer

Methodology

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