Current Global Wearable Market Trends
The global wearables market finished 2021 on strong from, growing 28% and shipping 488 million units, which generated $73 billion in retail value. The industry is expected to continue to grow throughout the forecast period, with a 2022-2026 CAGR of 18.8%, resulting in a market size of just under one billion units and a market value of $153 billion.
Apple leads the wearables charge, dominating both wrist-worn and hearable segments, and accounting for more than one in every four devices purchased in 2021. The tech giant has commanded the lion’s share of these two key markets for some time. It’s also ahead of its rivals in terms of creating a wider ecosystem of complementary products and services.
Apple’s closest rivals, Xiaomi, Samsung and Huawei all have a single-digit share, and are the only other vendors with more than 5% share of the market.
This 55-page global wearables market report provides an updated outlook for developments in wearables technologies. Products covered include fitness and connected watches, wearable smartphones, hearables and extended reality head mounted displays, with forecasts out to 2026. Research for this report was conducted between February and March 2022.
The report acts as a strategic framework for any enterprise launching wearable tech, or operating within the wearables market and its adjacent sectors.
| 55-page comprehensive PDF report
| Executive summary
| Enterprise wearables market
| Consumer wearables market
| Wearable device market share
| Wearables ecosystem development
| Wrist-worn wearable market overview
| Hearables market overview
| XR head mounted display market overview
| Market sizing, by quantifying and tracking worldwide sales of wearable technologies in fitness and connected watches, wearable smartphones, hearables, and extended reality head mounted displays.
| Market forecasting, with five-year sales forecasts, reviewing key product types and feature sets.
|Product, technology and competitive reviews, interpreting key market developments and trends.
Futuresource has been tracking, researching and consulting on the CE landscape for the more than 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.
Any business with interests in wearables will benefit from this report, particularly:
| Manufacturers and their suppliers
| Intermediaries and supply chain
| CE market strategists, marketing and sales professionals
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