The smart wearable fitness and sports devices and services market is forecasted to grow by USD 89.32 bn during 2023-2028, accelerating at a CAGR of 14.91% during the forecast period. The report on the smart wearable fitness and sports devices and services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing awareness about benefits of healthy lifestyle, increasing adoption of smartwatches, and rise in customer interest in sports and sports-related products.
Market Scope
Base Year
2023
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
13.82%
CAGR
14.91%
Incremental Value
$89.32bn
Technavio's smart wearable fitness and sports devices and services market is segmented as below:
By Product
Smart wearable fitness devices
Smart wearable sports devices
By Distribution Channel
Online
Offline
By Geography
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the increasing use of smart wearable devices in sports analytics as one of the prime reasons driving the smart wearable fitness and sports devices and services market growth during the next few years. Also, increasing number of m and a and collaborations among vendors in market and new product launches in market will lead to sizable demand in the market.
The report on the smart wearable fitness and sports devices and services market covers the following areas:
Smart wearable fitness and sports devices and services market sizing
Smart wearable fitness and sports devices and services market forecast
Smart wearable fitness and sports devices and services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart wearable fitness and sports devices and services market vendors that include Alphabet Inc., Apple Inc., AT and T Inc., BT Group Plc, BTS Bioengineering Corp., Cogent Communications Holdings Inc., Cool Shirt Systems, Crossbeats, Garmin Ltd., Hexoskin, Logitech International SA, Nexxbase Marketing Pvt. Ltd., Nike Inc., Samsung Electronics Co. Ltd., Shot Tracker, Sony Group Corp., SUUNTO, Telefonica SA, Weartrons Labs, and XeNSR. Also, the smart wearable fitness and sports devices and services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global smart wearable fitness and sports devices and services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global smart wearable fitness and sports devices and services market 2018 - 2022 ($ billion)