Delray Beach, FL, Aug. 12, 2025 (GLOBE NEWSWIRE) — The report “Wearable Technology Market by Product (Smart Watch, Fitness Tracker, AR/VR, Smart Clothing & Footwear, Earwear, Exoskeleton, Smart Glasses, Smart Ring, Smart Helmet), Operation (AI-Based, Conventional), Type (Active, Passive) – Global Forecast to 2029″ The global wearable technology market is expected to be valued at USD 70.30 billion in 2024 and is projected to reach USD 152.82 billion by 2029; it is expected to grow at a CAGR of 16.8% from 2024 to 2029.
Demand for wearables that integrate all computing requirements in one compact device will fuel the market growth. Adoption of wearables in multiple applications. Data-driven performance optimization in sports through real-time monitoring of athlete metrics is pushing the adoption of wearable technology. Growing integration of AR/VR and affordable designs is providing opportunities for wearable technology market growth.
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Major Key Players in the Wearable Technology Industry:
- Apple Inc. (US),
- Garmin Ltd. (US),
- SAMSUMG (South Korea),
- Sony Group Corporation (Japan),
- Huawei Technologies Co., Ltd. (China),
- LG Electronics. (South Korea),
- Alphabet Inc. (US),
- Microsoft (US),
- Lenovo (Hong Kong), among others.
Wearable Technology Market Segmentation:
Consumer electronics application to hold the highest market share during the forecast period.
Consumer wearables include wearable devices for different applications, ranging from entertainment and multimedia to garments and fashion. The reason behind the growth of the market is accelerated by growing consumer interest in tracking fitness-related activities. Moreover, tremendous growth of low-cost consumer wearable devices, due to downsized multifunctional ICs and sensor technology, is driving its adoption. Because the sensors are small in size and have advanced integration technologies, …