Smart Wearables Market Size

Smart Wearables Market size was valued at USD 82.93 billion in 2024 and is projected to cross USD 946.73 billion by the end of 2037, registering more than 20.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart wearable devices is estimated at USD 96.6 billion.

The reason behind the growth is impelled by the growing demand for next-generation smart devices in the wearables industry, including- smart jewelry, implantable devices, sports watches, smart wristbands, VR headsets, and many more. According to recent research, IoT devices are expected to reach 40 billion by 2025.

Along with this, the demand for smartwatches among swimmers, cyclists, gym-goers, and runners is increasing as they tend to track the burnt calories, stationary time, and hourly activity. More than 2.5 Billion people worldwide aged 15 or above can swim, among which most of them are men. Moreover, the growing advancements in lithium battery technology are believed to fuel the market growth. The power, and efficiency of these devices have increased by recent developments which will make them perfect for usage on wearable technology. Future developments in battery technology should result in longer-lasting and more efficient batteries, which is one of the main improvements in smart wearables is charging which enables the users a better experience.