Smart wearables in the Asia-Pacific region - statistics & facts

In today’s technology-driven climate, smart wearables have experienced a surge in popularity, with exceeding 500 million shipments annually. Smart wearables are not merely pieces of technology that are worn, they also have the programming ability to sync with a mobile device or cloud and display information in an app or web browser. They include fitness-tracking bands, smartwatches, smart glasses, smart clothing, and smart headphones. They make use of modern tracking methods to monitor health and fitness levels. Among some of the most popular types of smart wearables are the Apple Watch and the Fitbit. Both track movement and calculate the number of calories burned by the individual, while consuming little battery power. Additionally, both devices offer functions that monitor the quality and duration of sleep and are designed to be water-resistant.

Asia-Pacific smart wearables market

Although North America used to lead with the highest share of wearable device sales, the Asia-Pacific region overtook in the past year. Alongside increased levels of consumerism, the share of connected smart devices throughout the Asia-Pacific region is set to increase. Xiaomi, Huawei, Samsung, Apple, and Fitbit are among popular brands in the Asia Pacific region that produce smart wearables. It appears popularity among smart wearables across the Asia-Pacific region has increased with the progression of the possible functions smart wearables can demonstrate. Interestingly, a vast share of consumers across the region have cited fitness functions as the biggest factor in using smart wearables. At the same time, South Korean consumers have listed easier accessibility to smartphones as a motivation for purchasing smart wearables.

Smart wearables outlook

The future of smart wearables in the Asia-Pacific region appears to be promising. Revenue of the Internet of Things in major markets such as China, South Korea, and India was forecast to keep growing. Almost all wearable device segments look likely to continue growth worldwide, with smartwatches and ear-worn devices leading the categories. Smart clothing and augmented reality devices also have huge growth potential.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Jan 5, 2023

Key insights

Forecasted global smartwatch end-user spending
31.3bn USD
Market size of wearable medical devices
3.12bn USD
Country with the highest ownership rate of wearables
Hong Kong
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