Rising Demand for Fitness Devices Propels Growth of Smart Wearable Devices Market

Global Smart Clothing Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

Global Smart Wearable Devices Market Report by Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 8, 2022 /EINPresswire.com/ — Rising demand for wireless sports and fitness devices is expected to drive the global smart wearable device market. There is a rapid growth in the use of smart devices such as smartwatches among cyclists, runners, gym goers, swimmers and athletes to track calories burned, hourly activity, stationary time and activity time. For example, Garmin, a technology company based in the United States, launched the Garmin Vivo active 4, a smartwatch with a fitness tracker to track every movement of the human body. According to TBRC’s Smart Wearable Devices Market forecast, the demand for smart and wireless fitness devices is expected to propel the market.

The use of smart rings is a key trend shaping the growth of the smart clothing market. A smart ring is a wearable electronic device equipped with mobile devices such as sensors and NFC chips that are used as a peripheral tool to assist mobile devices for various purposes, often monitoring daily tasks.

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The global smart clothing market size is expected to grow from USD 18.08 billion in 2021 to USD 20.64 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The global smart wearable device market share is expected to reach $31.95 billion in 2026 with a CAGR of 11.5%.

The major players covered in the global smart clothing industry are Apple Inc., Samsung, Google, Xiaomi, Nike, Motorola Solutions Inc., Garmin, Jawbone, Misfit and Polar.

The global Smart Wearable Devices market report by TBRC is segmented by Devices into Smart Watches, Smart Glasses, Fitness & Wellness Devices, Smart Wearables, Others, by Application in Lifestyle, Health, Applications consumer, defense, fitness and sports, business and industry, by technology in memory and storage technology, speech and pattern recognition technology, communication and networking technology, technology detection, computer technology, display technology.

Global Smart Wearable Devices Market Report 2022 – By Devices (Smart Watches, Smart Glasses, Fitness & Wellness Devices, Smart Wearables), By Application (Lifestyle, Healthcare, Consumer Applications, Defense, fitness and sports, business and industry), by technology (memory and storage technology, speech and pattern recognition technology, communication and networking technology, sensing technology, computer technology, display technology) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the smart clothing market, forecasts the size and growth of the smart clothing market for the whole market, smart clothing market segments, geographies, smart clothing market trends, models Smart Clothing Market drivers, restraints, revenue, profiles and market shares of key competitors.

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