Wearable Devices Statistics 2024 By Companies, Products, Shipment, Users, Demographics And Region

Wearable Devices Statistics 2024 By Companies, Products, Shipment, Users, Demographics And Region

Introduction

Wearable Devices Statistics: As of reports, by the end of 2032, the global market size of smart wearable devices is going to reach  $383.5 billion with a CAGR of 15.3% from 2023 to 2032. In recent years, the global market of smart wearables has grown enormously around the world as these electronic devices include several advanced technological features that have enhanced several features in various wearable devices.

This Wearable Devices Statistics includes several analyses of different products of wearable devices from various aspects that provide light on how fast Wearable Devices are growing.

Editor’s Choice

  • According to the reports of Statista, the expected market revenue earned by the smartwatch industry is going to reach $45 billion by the end of 2023.
  • As of reports, in the 3rd quarter of 2023, Apple is holding the highest share of wearable device unit shipment resulting in 20.2%.
  • In 2022, total wearable global shipments accounted for nearly 492.1 million units of which only  Apple shipments resulted in 146.3 million units.
  • As of 2026, the total market revenue earned by medical wearables is expected to reach $89.3  million.
  • Revenue generated by digital fitness and well-being wearable devices in 2023 is going to be $68  billion.
  • According to the reports of IDC research, a global shipment of wearable devices in 2023 is going to reach 442.7 million with a growth of 6.3%.
  • By the end of 2026, in the United States, more than 100 million wearable devices will be connected to the internet.

General Wearable Devices Statistics

  • The global market size of wearable technology is supposed to reach its peak resulting in  $322654.73 million by the end of 2028 with a CAGR of 16.35% from 2022 to 2028.
  • According to Statista Consumer Insights, in the United States, 41% of households own wearable devices by September 2023.
  • As to Statista survey reports, in China, 42% of survey respondents have claimed that they are using wearable devices such as smartwatches and fitness trackers for their personal use in 2023.
  • According to the reports of Strait Research by the end of 2029, the overall market of the wearable industry is expected to reach $10.3 million.
  • In the United States, 21% of people will regularly wear smartwatches and fitness trackers in  2023.
  • By the end of 2026, the global market size of wearable healthcare devices is predicted to reach $30 billion and $61 billion by the end of 2032.
  • As of 2023, total shipments of wearable products are expected to be 519.83 billion.
  • As of reports 2023, wearable devices statistics by gender classification are women (25%), and men (18%) in the United States.

Wearable Devices Statistics by Companies