Global Iot Wearable Device Market Size & Outlook

The global iot wearable device market size was estimated at USD 8,277.2 million in 2024 and is projected to reach USD 22,070.4 million by 2030, growing at a CAGR of 17.5% from 2025 to 2030.
Revenue, 2024 (US$M)
$8,277.2
Forecast, 2030 (US$M)
$22,070.4
CAGR, 2025 - 2030
17.5%
Report Coverage
Worldwide

Global iot wearable device market highlights

  • The global iot wearable device market generated a revenue of USD 8,277.2 million in 2024 and is expected to reach USD 22,070.4 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 17.5% by 2030.
  • In terms of segment, sensors accounted for a revenue of USD 3,978.7 million in 2024.
  • Processors is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, India is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 8,277.2 million
Market revenue in 2030USD 22,070.4 million
Growth rate17.5% (CAGR from 2025 to 2030)
Largest segmentSensors
Fastest growing segmentProcessors
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSensors, Actuators, Processors, Edge Devices, Others Component

Other key industry trends

  • In terms of revenue, the North America accounted for 34.8% of the global iot wearable device market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, India is the fastest growing regional market and is projected to reach USD 1,264.0 million by 2030.

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IoT Wearable Device Market Companies

Name Profile # Employees HQ Website
Robert Bosch GmbH View profile - - -
Huawei Technologies View profile 10001+ Shenzhen, Guangdong, China, Asia http://huawei.com
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
NXP Semiconductors NV View profile 34200 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG https://www.nxp.com
Qualcomm Inc View profile 50000 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 https://www.qualcomm.com
Garmin Ltd View profile 19900 Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 https://www.garmin.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
STMicroelectronics NV View profile 51323 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 https://www.st.com
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com

Global iot wearable device market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot wearable device market will help companies and investors design strategic landscapes.


Sensors was the largest segment with a revenue share of 48.07% in 2024. Horizon Databook has segmented the Global iot wearable device market based on sensors, actuators, processors, edge devices, others component covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global IoT Wearable Device Component Outlook (Revenue, USD Million, 2018-2030)
    • Sensors
    • Actuators
    • Processors
    • Edge Devices
    • Others Component
  • Global IoT Wearable Device Type Outlook (Revenue, USD Million, 2018-2030)
    • Smartwatches
    • Fitness Bands
    • Wearable AR/VR devices
    • Others Type
  • Global IoT Wearable Device Connectivity Outlook (Revenue, USD Million, 2018-2030)
    • Wi-Fi
    • Bluetooth
    • Zigbee
    • Cellular
    • RFID
    • Others Connectivity
  • Global IoT Wearable Device End Use Outlook (Revenue, USD Million, 2018-2030)
    • Smart Home
    • Industrial IoT (IIoT)
    • Healthcare
    • Automotive and Transportation
    • Retail
    • Agriculture
    • Energy and Utilities
    • Smart Cities
    • Wearables
    • Consumer Electronics
    • Others End Use

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Target buyers of Global iot wearable device market databook

  • Our clientele includes a mix of iot wearable device market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global iot wearable device market , including forecasts for subscribers. This global databook contains high-level insights into Global iot wearable device market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global iot wearable device market size, by regions, 2018-2030 (US$M)

Top 10 countries: Iot wearable device market size, 2024 (US$M)

Global iot wearable device market share, by component, 2024 & 2030 (%, US$M)

Iot wearable device market: Opportunity assessment by country

Global iot wearable device market, by region, 2024 (US$M)

Global iot wearable device market size, by regions, 2018-2030 (US$M)

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