Wearable Device Market Value
Source Research:
Wearables and Mobile Accessories Market Share and Forecasts
Market Data | 23 Dec 2024 | MD-WEAR-112
Purchase
ABI Research forecasts the wearable device market to grow at a Compound Annual Growth Rate (CAGR) of 6%, increasing from US$48.6 billion in 2024 to US$64.9 billion in 2029. Smartwatches account for the largest segment valuation, driven by wearable technology products like the Apple Watch and Galaxy Watch. Wearable healthcare devices and smart rings, however, are growing at the fastest pace - 23.4% and 20.4% CAGRs, respectively.
