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Wearables - statistics & facts

Wearables, as the name suggests, are gadgets that can be worn on the body. These devices usually have smart sensors and are connected to the internet to transmit, log, or analyze data. Pulsar’s calculator wristwatch can be considered as the first consumer wearable device to have achieved global success. Some humble beginnings were the first Bluetooth headset in 2000, and the first GoPro was launched in 2004. Google Glass that released in 2013 was the first voice-operated optical head-mounted display product to combine hands-free internet access with augmented reality and the ability to capture images. The wearable market is promising, with shipments reaching almost half a billion in 2020, boosted by the development of  5G technology; More growth is expected in the future, as the wearable market is still far from reaching the saturation point.

Wearable segments

 Businesses, military forces, and medical professionals have been using wearable technology for decades. Still, the private consumer market has only recently started to feature items such as smart glasses, smartwatches, hearables, fitness and health trackers, smart jewelry, and smart clothing. The most successful wearable devices on the market right now are smartwatches and health and fitness trackers, with the relative newcomer hearables taking over as the most dominant category. In fact, over 397 million units of  hearables are forecast to be shipped in 2024, dominating other types of wearables in the market. In addition, shipments for wristwear (watches and wristbands) are projected to reach almost 230 million units by that time.

Top players

 The leading wearable vendors are Apple, Xiaomi, Huawei, and Samsung, with Apple holding the largest share of the market. Apple’s strong position in the wearable market has mainly been established by the Apple watch, creating dominance in the overall wearable industry. With a strong presence in the health and fitness wearable market, Fitbit had been a leader in the wearable industry till 2017. Then, it began to be overtaken, first by Apple, then by the Chinese company Xiaomi, whose Mi Band fitness tracker has witnessed great success. In the last quarter of 2020 alone, wearable device shipments amounted to about 154 million units.

Key figures

The most important key figures provide you with a compact summary of the topic of "Wearables" and take you straight to the corresponding statistics.

Smart watches

Regional overview

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Wearables".

Wearables

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
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Wearables - statistics & facts

Wearables, as the name suggests, are gadgets that can be worn on the body. These devices usually have smart sensors and are connected to the internet to transmit, log, or analyze data. Pulsar’s calculator wristwatch can be considered as the first consumer wearable device to have achieved global success. Some humble beginnings were the first Bluetooth headset in 2000, and the first GoPro was launched in 2004. Google Glass that released in 2013 was the first voice-operated optical head-mounted display product to combine hands-free internet access with augmented reality and the ability to capture images. The wearable market is promising, with shipments reaching almost half a billion in 2020, boosted by the development of  5G technology; More growth is expected in the future, as the wearable market is still far from reaching the saturation point.

Wearable segments

 Businesses, military forces, and medical professionals have been using wearable technology for decades. Still, the private consumer market has only recently started to feature items such as smart glasses, smartwatches, hearables, fitness and health trackers, smart jewelry, and smart clothing. The most successful wearable devices on the market right now are smartwatches and health and fitness trackers, with the relative newcomer hearables taking over as the most dominant category. In fact, over 397 million units of  hearables are forecast to be shipped in 2024, dominating other types of wearables in the market. In addition, shipments for wristwear (watches and wristbands) are projected to reach almost 230 million units by that time.

Top players

 The leading wearable vendors are Apple, Xiaomi, Huawei, and Samsung, with Apple holding the largest share of the market. Apple’s strong position in the wearable market has mainly been established by the Apple watch, creating dominance in the overall wearable industry. With a strong presence in the health and fitness wearable market, Fitbit had been a leader in the wearable industry till 2017. Then, it began to be overtaken, first by Apple, then by the Chinese company Xiaomi, whose Mi Band fitness tracker has witnessed great success. In the last quarter of 2020 alone, wearable device shipments amounted to about 154 million units.

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Wearables".

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