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Wearable Technology Market to Reach US$ 201.14 billion, Globally, by 2031 at 14.1% CAGR

06-03-2025 08:38 AM CET | IT, New Media & Software

Press release from: The Insight Partners

Wearable Technology Market to Reach US$ 201.14 billion,

The wearable technology market size is expected to grow from US$ 70.25 billion in 2023 to US$ 201.14 billion by 2031; it is estimated to grow at a CAGR of 14.1% from 2023 to 2031. Increasing usage of Augmented Reality (AR) glasses and rising adoption for health and wellness monitoring are likely to remain key wearable technology market trends.

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Market leaders and key company profiles:
• Fitbit Inc.
• Xiaomi Inc.
• Apple Inc.
• Garmin Ltd.
• Samsung Electronics Co.
• Adidas Group
• Google Inc.
• Intel Corporation
• Jawbone
• Koninklijke Philips N.V.

Segments Covered:

By Product
• Smart Clothing & Smart Glasses
• Augmented Reality Headsets
• Sleep Sensors
• Heart Rate Monitors
• Wearable Patches
• Activity Monitors
• Smart Watches
• Continuous Glucose Monitor
• Hand Worn Terminals
• Drug Delivery Devices and Jewelries

By Application
• Infotainment
• Healthcare & Medicine
• Industrial & Military
• Fashion & Lifestyle
• Fitness & Wellness
• Safety & Security

The Wearable Technology Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
Sr. Vice President - Research
E-mail: sales@theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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