Wearable Computing Devices Market Trends 2022-27: Global Industry, Share, Size, Growth and Forecast

The latest research study “Wearable Computing Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Global Wearable Computing Devices Market size reached US$ 45.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 136.49 Billion by 2027 exhibiting a CAGR of 17.50% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

Wearable computing devices comprise of strips, hats, watches, exoskeletons, vests, shirts, bags, head-up displays (HUDs), etc., that are worn on the body to track calories burned, sleeping pattern, heart rate, etc., of individuals. They have wireless communication capabilities, microchips, and several sensors for collecting data as well as enhancing the overall user experience. Wearable computing devices enable the wearer to take calls, browse various internet applications, read emails and text messages, etc. In line with this, they also offer portability, flexibility, hands-free use, etc. Consequently, wearable computing devices are extensively utilized across countries.

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Wearable Computing Devices Market Trends and Drivers:

The expanding geriatric population and the increasing digitalization are primarily driving the wearable computing devices market. Additionally, the widespread adoption of these instruments by sports personnel for goal monitoring, activity tracking, direction, data and location sharing, optimum performance management, etc., is further catalyzing the market growth.

Besides this, the rising utilization of wearable computing devices, including smart health watches, fitness trackers, biosensors, electrocardiography (ECG), blood pressure monitors, etc., in the healthcare industry is acting as another significant growth-inducing factor.

Moreover, the escalating demand for wearable smart glasses across the education sector that assist in telemonitoring, documentation of lectures, preparing an on-site report, capturing essential points as images, evaluating student concentration, etc., is positively influencing the global market. Apart from this, the introduction of information and communications technology (ICT) is anticipated to fuel the wearable computing devices market over the forecast period.

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Wearable Computing Devices Market Report Scope

Report Coverage


Market size value in 2021

US$ 45.01 Billion

Market forecast in 2027

US$ 136.49 Billion

Growth Rate

CAGR of 17.50% from 2022 to 2027

Base year for estimation


Historical data


Forecast period


Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product Type, Connectivity Type and Application.

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Key companies profiled

Apple Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., GoPro Inc., Huawei Technologies Co. Ltd., LG Electronics Inc., OMRON Corporation, Samsung Electronics Co. Ltd., Sony Corporation and Transcend Information Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Report Segmentation:

The report has segmented the market into following categories:

Breakdown by Product Type:

Smart Watches

Head Mounted Displays

Smart Clothing

Ear Worn

Fitness Trackers

Body Worn Camera



Breakup by Connectivity Type:





Breakup by Application:

Fitness and Wellness

Medical and Healthcare


Industrial and Defence


By Geography:

North America

o United States

o Canada


o China

o Japan

o India

o South Korea

o Australia

o Indonesia

o Others


o Germany

o France

o United Kingdom

o Italy

o Spain

o Russia

o Others

Latin America

o Brazil

o Mexico

o Others

Middle East and Africa

List of Major Key Players:

The major players in the market are Apple Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., GoPro Inc., Huawei Technologies Co. Ltd., LG Electronics Inc., OMRON Corporation, Samsung Electronics Co. Ltd., Sony Corporation and Transcend Information Inc.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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