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

In today’s technology-driven climate, smart wearables have experienced a surge in popularity, with an expected 31 billion US dollars’ worth of sales in smartwatches alone by 2022. 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 leads with the highest share of wearable device sales, the Asia Pacific region stands as a strong competitor. Alongside increased levels of consumerism, the share of connected smart devices throughout the Asia Pacific region is set to increase. Xiaomi, Vuzix Corp, Samsung, Apple, and Fitbit are among popular brands in the Asia Pacific region that produce smart wearables. Despite facing a dip in revenue in 2019, the annual revenue of Vuzix Corp. in the Asia Pacific region has increased significantly from 2016. 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. Spending on the Internet of Things in major markets such as China, South Korea, and India was already significant in 2019. 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.

Key figures

The most important key figures provide you with a compact summary of the topic of "Smart wearables in the Asia-Pacific region" and take you straight to the corresponding statistics.

Smart watches

Markets

Interesting statistics

In the following 4 chapters, you will quickly find the 29 most important statistics relating to "Smart wearables in the Asia-Pacific region".

Smart wearables in the Asia-Pacific region

Dossier on the topic

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

In today’s technology-driven climate, smart wearables have experienced a surge in popularity, with an expected 31 billion US dollars’ worth of sales in smartwatches alone by 2022. 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 leads with the highest share of wearable device sales, the Asia Pacific region stands as a strong competitor. Alongside increased levels of consumerism, the share of connected smart devices throughout the Asia Pacific region is set to increase. Xiaomi, Vuzix Corp, Samsung, Apple, and Fitbit are among popular brands in the Asia Pacific region that produce smart wearables. Despite facing a dip in revenue in 2019, the annual revenue of Vuzix Corp. in the Asia Pacific region has increased significantly from 2016. 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. Spending on the Internet of Things in major markets such as China, South Korea, and India was already significant in 2019. 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.

Interesting statistics

In the following 4 chapters, you will quickly find the 29 most important statistics relating to "Smart wearables in the Asia-Pacific region".

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