Global Smart Wearable Lifestyle Devices Market Size, Share and Trends Analysis Report, By Devices (Smart Watch, Smart Glasses, Wrist Bands, Fitness Trackers, and Others), By Function (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermo-Electricity, and Others), By Application (Infotainment, Fitness & Wellness, Fashion & Lifestyle, Safety & Security, Healthcare & Medical, and Others Forecast Period (2022-2028)

The global smart wearable lifestyle devices market is anticipated to grow at a CAGR of 18.3% during the forecast period (2022-2028). Consumers are increasingly adopting these devices since they make it easier to connect locations, people, and things. The launch of novel goods utilized in daily life, such as activity tracking, heartbeat monitoring, and so on, are projected to fuel the expansion of smart wearable devices. Many major companies are developing smart wearable lifestyle gadgets that are likely to take wearable technology to new heights in the future. Smart wearable devices have also entered the entertainment industry, introducing new ways to interact with digital material.

VR headsets and AR glasses have become synonymous with smart wearable entertainment devices. These smart wearable lifestyle devices are employed in a variety of industries, including defense, lifestyle, fitness, and sports. One of the factors driving the smart wearable lifestyle devices market is the increased awareness of wearables and technical advances. Users of smart wearable gadgets can check health-related information on their devices. Obesity has become a serious issue in many parts of the globe, thus individuals are turning to wearable technology to track their health and fitness data. The global smart wearable lifestyle devices market is growing due to increased consumer awareness and use of smart wearable devices in healthcare. In the forecast period, these factors are expected to boost demand.

Some major players in the market include Adidas AG, Aliph Brands LLC, Apple Inc., Garmin Ltd., LG Electronics, Nike, Inc., and Samsung Electronics Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Garmin Ltd. offers Forerunner 945. With a high-performance silicone band and an ultra-durable Corning Gorilla Glass DX lens, the Forerunner 945 is leagues ahead of the competition. In smartwatch mode, the battery lasts up to 2 weeks, and in GPS mode with music, it lasts up to 10 hours. Use UltraTracTM mode to ensure that the client has the energy to finish the longest race.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Devices
  • By Function
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Adidas AG, Aliph Brands LLC, Apple Inc.,Garmin Ltd., LG Electronics, Nike, Inc., and Samsung Electronics Co., Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smart Wearable Lifestyle Devices Market Report by Segment

By Devices

• Smart Watch
• Smart Glasses
• Wrist Bands
• Fitness Trackers
• Others

By Function

• Sensing
• Energy Harvesting
• Luminescence & Aesthetics
• Thermo-Electricity
• Others

By Application

• Infotainment
• Fitness & Wellness
• Fashion & Lifestyle
• Safety & Security
• Healthcare & Medical
• Others