The smart wearable fitness and sports devices and services market is forecasted to grow by USD 112,577.3 mn during 2024-2029, accelerating at a CAGR of 16.1% 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
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
14.5%
CAGR
16.1%
Incremental Value
$112,577.3 mn
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's smart wearable fitness and sports devices and services market is segmented as below:
By Product
Fitness devices
Sports devices
By Distribution Channel
Online
Offline
By Component
Hardware
Services
Software
By Geographical Landscape
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 merger and acquisitions and collaborations among companies 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 Apple Inc., AT and T Inc., BT Group PLC, BTS Bioengineering Corp., Carre Technologies Inc., Cool Shirt Systems LLC, Garmin Ltd., Google LLC, Nexxbase Marketing Pvt. Ltd., Nike Inc., Samsung Electronics Co. Ltd., SellBrite Digital LLP, ShotTracker, Sony Group Corp., Suunto Oy, 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 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Smart Wearable Fitness And Sports Devices And Services Market 2019 - 2023
Historic Market Size - Data Table on Global Smart Wearable Fitness And Sports Devices And Services Market 2019 - 2023 ($ million)