The North America Wearable Computing Market would witness market growth of 18.9% CAGR during the forecast period (2023-2030).
The ability of smart clothing to carry energy, communicate with other gadgets, transform into new materials, and protect its wearer from environmental hazards are all potential applications. The demand for technical fabrics is expected to cause the market to grow significantly in future years. Monitoring security and health-related issues for industrial workers will be made simpler by combining semiconductors with such smart clothing items. Electronic gadgets that can be worn by customers are known as wearable computing devices. Calculations, keeping track of one's health, and other tasks are all made easier by these devices. The ability to collect real data to track health and wellness is made possible by the sensors built into wearable computing devices, which include an accelerometer, thermometer, and heart rate monitor.
The consumer electronics sector has recently grown quite quickly as a result of wearable technologies. At present, these wearable gadgets include a microprocessor, wireless capability, and a sensor to monitor activities, collect data, and improve user experience. These are some of the key elements that the regional market is anticipated to depend on to increase revenue. Another element anticipated to contribute to the target market's growth is the ongoing technical innovation in products necessary to survive in a highly competitive market. Health-conscious customers' growing desire for wearable computing and monitoring devices will fuel market expansion throughout the forecast period. A significant trend in the target market is people who are fitness-conscious using wristbands and smartwatches more frequently.
Canada is seeing increased demand for wearable technology. The nation is expected to spend and fund its military initiatives (including clothing) significantly. Bell has filed numerous patents in the US and CA that outline a thorough vision for how its wearable equipment could be utilized by individuals trying to monitor unwell family members and institutions looking to track large populations. In light of these aspects, the market for wearable computing is projected to expand in this region.
The US market dominated the North America Wearable Computing Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $66,391.6 million by 2030. The Canada market is showcasing a CAGR of 21.6% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 20.5% during (2023 - 2030).
Based on Product Type, the market is segmented into Fitness Trackers, Smart Watches, Head Mount Displays, Smart Jewelry, Body-worn Cameras, and Others. Based on Application, the market is segmented into Consumer, and Non-Consumer. Based on Connectivity, the market is segmented into Bluetooth, Wi-Fi, 4G/5G, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Wearable Computing Market is Projected to reach USD 238.2 Billion by 2030, at a CAGR of 19.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Apple, Inc., Fossil Group, Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Nike, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Sensoria Health Inc, Huawei Technologies Co., Ltd., and Xiaomi Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Fitness Trackers
- Smart Watches
- Head Mount Displays
- Smart Jewelry
- Body-worn Cameras
- Others
By Application
By Connectivity
- Bluetooth
- Wi-Fi
- 4G/5G
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Fossil Group, Inc.
- Garmin Ltd.
- Google LLC (Alphabet Inc.)
- Nike, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
- Sensoria Health Inc
- Huawei Technologies Co., Ltd.
- Xiaomi Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Wearable Computing Market, by Product Type
1.4.2 North America Wearable Computing Market, by Application
1.4.3 North America Wearable Computing Market, by Connectivity
1.4.4 North America Wearable Computing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jan – 2023, Jul) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Wearable Computing Market by Product Type
5.1 North America Fitness Trackers Market by Country
5.2 North America Smart Watches Market by Country
5.3 North America Head Mount Displays Market by Country
5.4 North America Smart Jewelry Market by Country
5.5 North America Body-worn Cameras Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Wearable Computing Market by Application
6.1 North America Consumer Market by Country
6.2 North America Non-Consumer Market by Country
Chapter 7. North America Wearable Computing Market by Connectivity
7.1 North America Bluetooth Market by Country
7.2 North America Wi-Fi Market by Country
7.3 North America 4G/5G Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Wearable Computing Market by Country
8.1 US Wearable Computing Market
8.1.1 US Wearable Computing Market by Product Type
8.1.2 US Wearable Computing Market by Application
8.1.3 US Wearable Computing Market by Connectivity
8.2 Canada Wearable Computing Market
8.2.1 Canada Wearable Computing Market by Product Type
8.2.2 Canada Wearable Computing Market by Application
8.2.3 Canada Wearable Computing Market by Connectivity
8.3 Mexico Wearable Computing Market
8.3.1 Mexico Wearable Computing Market by Product Type
8.3.2 Mexico Wearable Computing Market by Application
8.3.3 Mexico Wearable Computing Market by Connectivity
8.4 Rest of North America Wearable Computing Market
8.4.1 Rest of North America Wearable Computing Market by Product Type
8.4.2 Rest of North America Wearable Computing Market by Application
8.4.3 Rest of North America Wearable Computing Market by Connectivity
Chapter 9. Company Profiles
9.1 Apple, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Xiaomi Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Garmin Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Google LLC (Alphabet Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Nike, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 SWOT Analysis
9.6 Samsung Electronics Co., Ltd. (Samsung Group)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Sony Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Fossil Group, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Sensoria Health Inc
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 North America Wearable Computing Market, 2019 - 2022, USD Million
TABLE 2 North America Wearable Computing Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Wearable Computing Market
TABLE 4 Product Launches And Product Expansions– Wearable Computing Market
TABLE 5 North America Wearable Computing Market by Product Type, 2019 - 2022, USD Million
TABLE 6 North America Wearable Computing Market by Product Type, 2023 - 2030, USD Million
TABLE 7 North America Fitness Trackers Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Fitness Trackers Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Smart Watches Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Smart Watches Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Head Mount Displays Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Head Mount Displays Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Smart Jewelry Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Smart Jewelry Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Body-worn Cameras Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Body-worn Cameras Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Wearable Computing Market by Application, 2019 - 2022, USD Million
TABLE 20 North America Wearable Computing Market by Application, 2023 - 2030, USD Million
TABLE 21 North America Consumer Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Consumer Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Non-Consumer Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Non-Consumer Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Wearable Computing Market by Connectivity, 2019 - 2022, USD Million
TABLE 26 North America Wearable Computing Market by Connectivity, 2023 - 2030, USD Million
TABLE 27 North America Bluetooth Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Bluetooth Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Wi-Fi Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Wi-Fi Market by Country, 2023 - 2030, USD Million
TABLE 31 North America 4G/5G Market by Country, 2019 - 2022, USD Million
TABLE 32 North America 4G/5G Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Wearable Computing Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Wearable Computing Market by Country, 2023 - 2030, USD Million
TABLE 37 US Wearable Computing Market, 2019 - 2022, USD Million
TABLE 38 US Wearable Computing Market, 2023 - 2030, USD Million
TABLE 39 US Wearable Computing Market by Product Type, 2019 - 2022, USD Million
TABLE 40 US Wearable Computing Market by Product Type, 2023 - 2030, USD Million
TABLE 41 US Wearable Computing Market by Application, 2019 - 2022, USD Million
TABLE 42 US Wearable Computing Market by Application, 2023 - 2030, USD Million
TABLE 43 US Wearable Computing Market by Connectivity, 2019 - 2022, USD Million
TABLE 44 US Wearable Computing Market by Connectivity, 2023 - 2030, USD Million
TABLE 45 Canada Wearable Computing Market, 2019 - 2022, USD Million
TABLE 46 Canada Wearable Computing Market, 2023 - 2030, USD Million
TABLE 47 Canada Wearable Computing Market by Product Type, 2019 - 2022, USD Million
TABLE 48 Canada Wearable Computing Market by Product Type, 2023 - 2030, USD Million
TABLE 49 Canada Wearable Computing Market by Application, 2019 - 2022, USD Million
TABLE 50 Canada Wearable Computing Market by Application, 2023 - 2030, USD Million
TABLE 51 Canada Wearable Computing Market by Connectivity, 2019 - 2022, USD Million
TABLE 52 Canada Wearable Computing Market by Connectivity, 2023 - 2030, USD Million
TABLE 53 Mexico Wearable Computing Market, 2019 - 2022, USD Million
TABLE 54 Mexico Wearable Computing Market, 2023 - 2030, USD Million
TABLE 55 Mexico Wearable Computing Market by Product Type, 2019 - 2022, USD Million
TABLE 56 Mexico Wearable Computing Market by Product Type, 2023 - 2030, USD Million
TABLE 57 Mexico Wearable Computing Market by Application, 2019 - 2022, USD Million
TABLE 58 Mexico Wearable Computing Market by Application, 2023 - 2030, USD Million
TABLE 59 Mexico Wearable Computing Market by Connectivity, 2019 - 2022, USD Million
TABLE 60 Mexico Wearable Computing Market by Connectivity, 2023 - 2030, USD Million
TABLE 61 Rest of North America Wearable Computing Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Wearable Computing Market, 2023 - 2030, USD Million
TABLE 63 Rest of North America Wearable Computing Market by Product Type, 2019 - 2022, USD Million
TABLE 64 Rest of North America Wearable Computing Market by Product Type, 2023 - 2030, USD Million
TABLE 65 Rest of North America Wearable Computing Market by Application, 2019 - 2022, USD Million
TABLE 66 Rest of North America Wearable Computing Market by Application, 2023 - 2030, USD Million
TABLE 67 Rest of North America Wearable Computing Market by Connectivity, 2019 - 2022, USD Million
TABLE 68 Rest of North America Wearable Computing Market by Connectivity, 2023 - 2030, USD Million
TABLE 69 Key Information – Apple, Inc.
TABLE 70 Key Information – Xiaomi Corporation
TABLE 71 Key Information – Garmin Ltd.
TABLE 72 Key Information – Google LLC
TABLE 73 Key Information – Nike, Inc.
TABLE 74 Key Information – Samsung Electronics Co., Ltd.
TABLE 75 Key Information – Sony Corporation
TABLE 76 Key Information – Huawei Technologies Co., Ltd.
TABLE 77 Key Information – Fossil Group, Inc.
TABLE 78 Key Information – Sensoria Health Inc
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Wearable Computing Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors wearable computing market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2021, Jan – 2023, Jul) Leading Players
FIG 8 Porter’s Five Forces Analysis – Wearable Computing Market
FIG 9 North America Wearable Computing Market share by Product Type, 2022
FIG 10 North America Wearable Computing Market share by Product Type, 2030
FIG 11 North America Wearable Computing Market by Product Type, 2019 - 2030, USD Million
FIG 12 North America Wearable Computing Market share by Application, 2022
FIG 13 North America Wearable Computing Market share by Application, 2030
FIG 14 North America Wearable Computing Market by Application, 2019 - 2030, USD Million
FIG 15 North America Wearable Computing Market share by Connectivity, 2022
FIG 16 North America Wearable Computing Market share by Connectivity, 2030
FIG 17 North America Wearable Computing Market by Connectivity, 2019 - 2030, USD Million
FIG 18 North America Wearable Computing Market share by Country, 2022
FIG 19 North America Wearable Computing Market share by Country, 2030
FIG 20 North America Wearable Computing Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Apple, Inc.
FIG 22 SWOT Analysis: Xiaomi Corporation
FIG 23 SWOT Analysis: Garmin Ltd.
FIG 24 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 25 SWOT Analysis: Nike, Inc.
FIG 26 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 27 SWOT Analysis: Sony Corporation
FIG 28 SWOT Analysis: Huawei Investment & Holding Co., Ltd
FIG 29 Recent strategies and developments: Fossil Group, Inc.
FIG 30 SWOT Analysis: Fossil Group, Inc.
FIG 31 SWOT Analysis: Sensoria Health Inc