Wearable Device Industry

Worldwide smart wearable device sales will double by 2022 becoming a 27 billion market with 233 million unit sales.

Wearable device industry.

The report is segmented by product type application device type and geography. It is an industry that is relatively new since the first bluetooth headset was sold in 2000. Wearable medical devices market size was valued at over usd 9 billion in 2018 and is expected to witness 39 4 cagr from 2019 to 2025 growing awareness initiatives and implementation of fitness programs globally especially in emerging nations will accelerate the adoption of wearable medical devices to manage physical activities. The wearable medical devices market is expected to register a cagr of nearly 9 8 during the forecast period 2019 2024.

Industry outlook new. Wearable technology is an industry which produces tech items that are intended to be worn. The market is segmented by product smartwatch head mounted display smart clothing ear worn fitness tracker body worn camera exoskeleton medical devices and geography. Smart wearable market growth trends forecast and the impact of covid 19 have been captured in this report.

Furthermore the market possesses high growth potential due to increasing trend of internet of things iot. Wearable device models may rely on short range wireless systems such as bluetooth or local wi fi setups market for industrial wearable devices is expected to grow at a cagr of roughly over the. These devices are usually equipped with smart sensors which are then connected to the internet to create a data exchange. The future of wearable devices will also see many collaborations and mergers of apparel manufacturers and tech giants as smart clothes are the next innovative step with.