Asia Pacific Wearable Technology Market Size & Outlook
Asia Pacific wearable technology market, 2018-2030 (US$M)
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Asia Pacific wearable technology market highlights
- The Asia Pacific wearable technology market generated a revenue of USD 21,348.5 million in 2023.
- The market is expected to grow at a CAGR of 16.8% from 2024 to 2030.
- In terms of segment, wrist-wear was the largest revenue generating product in 2023.
- Wrist-Wear is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 21,348.5 million |
| Market revenue in 2030 | USD 63,373.7 million |
| Growth rate | 16.8% (CAGR from 2023 to 2030) |
| Largest segment | Wrist-wear |
| Fastest growing segment | Wrist-Wear |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wrist-Wear, Eyewear & Headwear, Footwear, Neckwear, Body-wear |
| Key market players worldwide | Alphabet Inc Class A, Samsung Electronics Co Ltd, Sony Group Corp, Huawei Technologies, Apple Inc, Xiaomi Corp Class B, Adidas AG, Nike Inc Class B, Fitbit, Garmin Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.7% of the global wearable technology market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 63,373.7 million by 2030.
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Wearable Technology Market Scope
Wearable Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wearable technology 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 wearable technology market will help companies and investors design strategic landscapes.
Wrist-wear was the largest segment with a revenue share of 51.39% in 2023. Horizon Databook has segmented the Asia Pacific wearable technology market based on wrist-wear, eyewear & headwear, footwear, neckwear, body-wear covering the revenue growth of each sub-segment from 2018 to 2030.
China is the world’s largest manufacturing hub and also has a large consumer base. The country is one of the fastest growing economy which driven towards building smart cities. Such favorable circumstances provides an opportunity for the Chinese wearable technology market to grow significantly with a CAGR of 14.6% over the forecast period.
The increasing awareness among the end users and thriving technology sector in countries such as India and China is expected to foster the market growth. Additionally, the growing health safety concerns has led to the increase in adoption of wearable technology.
Furthermore, the presence of prominent players including Xiaomi Corporation, Samsung Electronics Co. Ltd., Sony Group Corporation and Huawei Technologies Group Co., Ltd. in the region will further contribute to the escalating regional growth.
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Target buyers of Asia Pacific wearable technology market databook
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Our clientele includes a mix of wearable technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wearable technology market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wearable technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wearable technology market size, by country, 2018-2030 (US$M)
Asia Pacific Wearable Technology Market Outlook Share, 2023 & 2030 (US$M)
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