Europe Wearable Technology Market Size & Outlook
Europe wearable technology market, 2018-2030 (US$M)
Related Markets
Europe wearable technology market highlights
- The Europe wearable technology market generated a revenue of USD 18,008.5 million in 2023.
- The market is expected to grow at a CAGR of 15.2% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 18,008.5 million |
| Market revenue in 2030 | USD 48,511.5 million |
| Growth rate | 15.2% (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, Europe region accounted for 25.0% 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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Europe 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 53.08% in 2023. Horizon Databook has segmented the Europe 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.
Increasing health issues among individuals and rising awareness about the wearable technology in the region will support the adoption of wearable technology products during the forecast period. The European market has an advanced level of Internet of Things (IoT) solutions adoption.
Countries such as Germany, the U.K., France, Italy, Spain and the Netherlands are leading European IoT adaptors. The increasing IoT adoption on the region bodes well for the demand for wearable technologies in the forecasted timeline.
In developed countries such as U.K rise of at-home workouts owing to the closure of fitness centers last year has paved the way for this incline in the demand for wearable technologies.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe wearable technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe wearable technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe wearable technology market size, by country, 2018-2030 (US$M)
Europe Wearable Technology Market Outlook Share, 2023 & 2030 (US$M)
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