Dublin, Jan. 31, 2025 (GLOBE NEWSWIRE) — The “Wrist Wearables – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Wrist Wearables was valued at US$52.9 Billion in 2024 and is projected to reach US$100.8 Billion by 2030, growing at a CAGR of 11.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The wrist wearables market is experiencing robust growth, propelled by technological advancements, rising interest in health and fitness, and the increased adoption of digital lifestyle tools. One of the major drivers of market expansion is the continuous advancement in wearable technology, particularly in the accuracy and functionality of sensors. Improvements in sensor technology now enable wearables to measure complex health metrics such as ECG, blood pressure, and even sleep stages with remarkable precision, making them highly appealing to users looking for reliable health insights. Battery life advancements are also enhancing the usability of wrist wearables, allowing them to function for multiple days on a single charge, which is particularly important for users who rely on these devices for continuous health and fitness tracking.
The trend toward proactive health management is another significant factor contributing to market growth. As more individuals aim to take charge of their wellness, the demand for wrist wearables that offer 24/7 health monitoring, goal tracking, and personalized wellness guidance has surged, especially among younger, fitness-focused demographics and older adults monitoring health metrics.
The impact of the COVID-19 pandemic further underscored the value of health tracking, driving widespread interest in wearables that monitor respiratory health indicators such as blood oxygen saturation. The convenience of wrist wearables also fuels growth, as these devices allow users to manage calls, messages, notifications, and even payments from their wrist. This “smart connectivity” appeal has made wearables popular among those who value convenience, from busy professionals to athletes who want to stay connected without being tied to their phones.
The adoption of contactless payment technology in wrist wearables, including payment integration through NFC, has made these devices even more practical, catering to consumers’ desire for a secure and efficient way to transact on-the-go. Additionally, as more brands enter the wrist wearables market, consumers have access to a variety of options across price points, increasing accessibility and driving wider adoption.
These factors collectively support the growth of the wrist wearables market, positioning these devices as essential companions for health management, productivity, and modern digital life.
Scope of the Study
The report analyzes the Wrist Wearables market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Type (Smartwatches, Fitness Bands).
Geographic Regions/Countries
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smartwatches segment, which is expected to reach US$66.9 Billion by 2030 with a CAGR of a 11.6%. The Fitness Bands segment is also set to grow at 10.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $14.3 Billion in 2024, and China, forecasted to grow at an impressive 15.5% CAGR to reach $21.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amazfit, Apple, Inc., ASUSTeK Computer, Inc., Fossil Group, Inc., Garmin Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Wrist Wearables Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 36 companies featured in this Wrist Wearables market report include:
- Amazfit
- Apple, Inc.
- ASUSTeK Computer, Inc.
- Fossil Group, Inc.
- Garmin Ltd.
- Gonoise
- GOQii, Inc.
- Healbe
- Huawei Technologies Co., Ltd.
- Infineon Technologies AG
Key Attributes
| Report Attribute | Details |
| No. of Pages | 174 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $52.9 Billion |
| Forecasted Market Value (USD) by 2030 | $100.8 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Wrist Wearables – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Health and Fitness Tracking Drives Growth in Wrist Wearables Market
- Increasing Focus on Personal Health Management Fuels Adoption of Smartwatches and Fitness Bands
- Here`s How Advances in Sensor Technology Enhance the Functionality of Wrist Wearables
- Growing Popularity of Remote Health Monitoring Expands Demand for Wearable Health Devices
- Rising Interest in Lifestyle Tracking Supports the Development of Multi-Functional Wearables
- Focus on Enhancing Battery Life and Charging Efficiency Drives Innovations in Wrist Wearables
- Increasing Integration of AI and Machine Learning Enhances User Experience and Insights
- Growing Popularity of Wearables in Sports Performance Monitoring Fuels Market Expansion
- Rising Trend of Remote Work Encourages Interest in Wellness Monitoring Devices
For more information about this report visit https://www.researchandmarkets.com/r/2wk071
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