From GlobeNewswire: 2024-07-29 13:00:00

The Global Wearable Technology Market is projected to grow from USD 62.4 billion in 2023 to USD 201.3 billion by 2033, with a CAGR of 12.43%. Wearable technology includes devices like smartwatches and fitness trackers used in healthcare, fitness, and communication industries to enhance convenience and connectivity. Smart clothing partnerships are driving market growth, but challenges remain in developing efficient batteries. The VR headsets segment dominates the market, with IoT-based technology and health & fitness applications leading the way. North America leads in market share, while Asia Pacific is expected to grow rapidly. Major vendors include Samsung, Apple, Fitbit, Philips, Sony, and more.

In recent developments, Apple introduced the Apple Watch Series 9, while Philips and Masimo partnered to enhance patient monitoring. The report provides insights on key companies like Samsung, Apple, Fitbit, Philips, Sony, LG, Huawei, and Adidas in the wearable technology market. Investors, government authorities, and end-users are key target audiences for wearable technology. Market segments include types like smart glasses and smartwatches, technology like IoT-based, AR & VR, and end uses like health & fitness and gaming. Regional analysis covers North America, Europe, Asia Pacific, South America, Middle East, and Africa.



Read more at GlobeNewswire: Global Wearable Technology Market Size To Worth USD 201.3