The North America Wearable Technology Market would witness market growth of 14.7% CAGR during the forecast period (2023-2030).
The wearable technology market witnessed increased adoption due to ease of use, flexibility, and convenience. Moreover, it provides real-time data monitoring, operational efficiency, and fitness tracking, further supporting market growth. The deployment of miniature sensors into fabrics, smart watches compatibility to interact with social media, in-store merchandising, and ease of payment with wearable are some classic examples of advancement in wearable technology. The adoption of smartwatches has revolutionized watches to possess the characteristic of being multifunctional. Soon, users are expected to prefer smartwatches to their analog counterparts due to technological advancements. Growth in technical features and advancements is expected to drive the market during the forecast period.
Factors affecting the market include the entry of major players, portable and convenient usage, increased healthcare awareness, and technological advancements. These significant factors have boosted the adoption of wearable devices across various industries, such as healthcare, defense, entertainment, industries and enterprises, and others. Wearable devices, like smartwatches, activity trackers, and smart clothing, are preferred among consumers owing to their various benefits, including portable usage and the latest technological advancements.
Many Canadian companies are integrating the technology into their employee wellness initiatives. By utilizing fitness trackers and smartwatches to encourage physical workouts and a healthy lifestyle, these programs seek to enhance the well-being and health of their employees. The presence of startups and entrepreneurial ventures in Canada contributes to the innovation and diversification of this technology. Startups often bring fresh ideas and solutions to the market. The above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Wearable Technology Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $49,560.4 million by 2030. The Canada market is experiencing a CAGR of 17.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.3% during (2023 - 2030).
Based on Device, the market is segmented into Fitness, Smart Watches, Smart Glasses, Smart Clothing, and Others. Based on Product Type, the market is segmented into Wrist Wear, Eyewear, Hearables, Neckwear, Bodywear, and Others. Based on Application, the market is segmented into Fitness & Sports, Consumer Applications, Entertainment, Healthcare, Lifestyle, Defense, and Enterprise. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Wearable Technology Market is Predict to reach $209.4 Billion by 2030, at a CAGR of 15.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Garmin Ltd., Motorola Solutions, Inc., Fitbit, Inc. (Google LLC), Nike, Inc., Adidas AG, LG Electronics, Inc. (LG Corporation), Sony Corporation and Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)
Scope of the Study
Market Segments Covered in the Report:
By Device
- Fitness
- Smart Watches
- Smart Glasses
- Smart Clothing
- Others
By Product Type
- Wrist Wear
- Eyewear
- Hearables
- Neckwear
- Bodywear
- Others
By Application
- Fitness & Sports
- Consumer Applications
- Entertainment
- Healthcare
- Lifestyle
- Defense
- Enterprise
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Garmin Ltd.
- Motorola Solutions, Inc.
- Fitbit, Inc. (Google LLC)
- Nike, Inc.
- Adidas AG
- LG Electronics, Inc. (LG Corporation)
- Sony Corporation
- Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Wearable Technology Market, by Device
1.4.2 North America Wearable Technology Market, by Product Type
1.4.3 North America Wearable Technology Market, by Application
1.4.4 North America Wearable Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Aug– 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Wearable Technology Market by Device
5.1 North America Fitness Market by Country
5.2 North America Smart Watches Market by Country
5.3 North America Smart Glasses Market by Country
5.4 North America Smart Clothing Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Wearable Technology Market by Product Type
6.1 North America Wrist Wear Market by Country
6.2 North America Eyewear Market by Country
6.3 North America Hearables Market by Country
6.4 North America Neckwear Market by Country
6.5 North America Bodywear Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Wearable Technology Market by Application
7.1 North America Fitness & Sports Market by Country
7.2 North America Consumer Applications Market by Country
7.3 North America Entertainment Market by Country
7.4 North America Healthcare Market by Country
7.5 North America Lifestyle Market by Country
7.6 North America Defense Market by Country
7.7 North America Enterprise Market by Country
Chapter 8. North America Wearable Technology Market by Country
8.1 US Wearable Technology Market
8.1.1 US Wearable Technology Market by Device
8.1.2 US Wearable Technology Market by Product Type
8.1.3 US Wearable Technology Market by Application
8.2 Canada Wearable Technology Market
8.2.1 Canada Wearable Technology Market by Device
8.2.2 Canada Wearable Technology Market by Product Type
8.2.3 Canada Wearable Technology Market by Application
8.3 Mexico Wearable Technology Market
8.3.1 Mexico Wearable Technology Market by Device
8.3.2 Mexico Wearable Technology Market by Product Type
8.3.3 Mexico Wearable Technology Market by Application
8.4 Rest of North America Wearable Technology Market
8.4.1 Rest of North America Wearable Technology Market by Device
8.4.2 Rest of North America Wearable Technology Market by Product Type
8.4.3 Rest of North America Wearable Technology Market by Application
Chapter 9. Company Profiles
9.1 Apple, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Samsung Electronics Co., Ltd. (Samsung Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Sony Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Garmin Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Motorola Solutions, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 Fitbit, Inc (Google LLC)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Nike, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.7.4.2 Acquisition and Mergers:
9.7.5 SWOT Analysis
9.8 Adidas AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 LG Electronics, Inc. (LG Corporation)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 North America Wearable Technology Market, 2019 - 2022, USD Million
TABLE 2 North America Wearable Technology Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Wearable Technology Market
TABLE 4 Product Launches And Product Expansions – Wearable Technology Market
TABLE 5 Acquisition and Mergers – Wearable Technology Market
TABLE 6 North America Wearable Technology Market by Device, 2019 - 2022, USD Million
TABLE 7 North America Wearable Technology Market by Device, 2023 - 2030, USD Million
TABLE 8 North America Fitness Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Fitness Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Smart Watches Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Smart Watches Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Smart Glasses Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Smart Glasses Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Smart Clothing Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Smart Clothing Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Wearable Technology Market by Product Type, 2019 - 2022, USD Million
TABLE 19 North America Wearable Technology Market by Product Type, 2023 - 2030, USD Million
TABLE 20 North America Wrist Wear Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Wrist Wear Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Eyewear Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Eyewear Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Hearables Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Hearables Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Neckwear Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Neckwear Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Bodywear Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Bodywear Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Wearable Technology Market by Application, 2019 - 2022, USD Million
TABLE 33 North America Wearable Technology Market by Application, 2023 - 2030, USD Million
TABLE 34 North America Fitness & Sports Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Fitness & Sports Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Consumer Applications Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Consumer Applications Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Lifestyle Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Lifestyle Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Defense Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Defense Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Enterprise Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Enterprise Market by Country, 2023 - 2030, USD Million
TABLE 48 North America Wearable Technology Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Wearable Technology Market by Country, 2023 - 2030, USD Million
TABLE 50 US Wearable Technology Market, 2019 - 2022, USD Million
TABLE 51 US Wearable Technology Market, 2023 - 2030, USD Million
TABLE 52 US Wearable Technology Market by Device, 2019 - 2022, USD Million
TABLE 53 US Wearable Technology Market by Device, 2023 - 2030, USD Million
TABLE 54 US Wearable Technology Market by Product Type, 2019 - 2022, USD Million
TABLE 55 US Wearable Technology Market by Product Type, 2023 - 2030, USD Million
TABLE 56 US Wearable Technology Market by Application, 2019 - 2022, USD Million
TABLE 57 US Wearable Technology Market by Application, 2023 - 2030, USD Million
TABLE 58 Canada Wearable Technology Market, 2019 - 2022, USD Million
TABLE 59 Canada Wearable Technology Market, 2023 - 2030, USD Million
TABLE 60 Canada Wearable Technology Market by Device, 2019 - 2022, USD Million
TABLE 61 Canada Wearable Technology Market by Device, 2023 - 2030, USD Million
TABLE 62 Canada Wearable Technology Market by Product Type, 2019 - 2022, USD Million
TABLE 63 Canada Wearable Technology Market by Product Type, 2023 - 2030, USD Million
TABLE 64 Canada Wearable Technology Market by Application, 2019 - 2022, USD Million
TABLE 65 Canada Wearable Technology Market by Application, 2023 - 2030, USD Million
TABLE 66 Mexico Wearable Technology Market, 2019 - 2022, USD Million
TABLE 67 Mexico Wearable Technology Market, 2023 - 2030, USD Million
TABLE 68 Mexico Wearable Technology Market by Device, 2019 - 2022, USD Million
TABLE 69 Mexico Wearable Technology Market by Device, 2023 - 2030, USD Million
TABLE 70 Mexico Wearable Technology Market by Product Type, 2019 - 2022, USD Million
TABLE 71 Mexico Wearable Technology Market by Product Type, 2023 - 2030, USD Million
TABLE 72 Mexico Wearable Technology Market by Application, 2019 - 2022, USD Million
TABLE 73 Mexico Wearable Technology Market by Application, 2023 - 2030, USD Million
TABLE 74 Rest of North America Wearable Technology Market, 2019 - 2022, USD Million
TABLE 75 Rest of North America Wearable Technology Market, 2023 - 2030, USD Million
TABLE 76 Rest of North America Wearable Technology Market by Device, 2019 - 2022, USD Million
TABLE 77 Rest of North America Wearable Technology Market by Device, 2023 - 2030, USD Million
TABLE 78 Rest of North America Wearable Technology Market by Product Type, 2019 - 2022, USD Million
TABLE 79 Rest of North America Wearable Technology Market by Product Type, 2023 - 2030, USD Million
TABLE 80 Rest of North America Wearable Technology Market by Application, 2019 - 2022, USD Million
TABLE 81 Rest of North America Wearable Technology Market by Application, 2023 - 2030, USD Million
TABLE 82 Key Information – Apple, Inc.
TABLE 83 Key Information – Samsung Electronics Co., Ltd.
TABLE 84 Key Information – Sony Corporation
TABLE 85 Key Information – Garmin Ltd.
TABLE 86 Key Information – Motorola Solutions, Inc.
TABLE 87 Key Information – Fitbit, Inc.
TABLE 88 Key Information – Nike, Inc.
TABLE 89 Key Information – Adidas AG
TABLE 90 Key Information – LG Electronics, Inc.
TABLE 91 Key Information – Huawei Technologies Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Wearable Technology Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Wearable Technology Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions: 2022, Aug– 2023, Sep) Leading Players
FIG 7 Porter’s Five Forces Analysis – Wearable Technology Market
FIG 8 North America Wearable Technology Market share by Device, 2022
FIG 9 North America Wearable Technology Market share by Device, 2030
FIG 10 North America Wearable Technology Market by Device, 2019 - 2030, USD Million
FIG 11 North America Wearable Technology Market share by Product Type, 2022
FIG 12 North America Wearable Technology Market share by Product Type, 2030
FIG 13 North America Wearable Technology Market by Product Type, 2019 - 2030, USD Million
FIG 14 North America Wearable Technology Market share by Application, 2022
FIG 15 North America Wearable Technology Market share by Application, 2030
FIG 16 North America Wearable Technology Market by Application, 2019 - 2030, USD Million
FIG 17 North America Wearable Technology Market share by Country, 2022
FIG 18 North America Wearable Technology Market share by Country, 2030
FIG 19 North America Wearable Technology Market by Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Apple, Inc.
FIG 21 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 22 SWOT Analysis: Sony Corporation
FIG 23 SWOT Analysis: Garmin Ltd.
FIG 24 SWOT Analysis: Fitbit, Inc.
FIG 25 SWOT Analysis: Nike, Inc.
FIG 26 SWOT Analysis: Adidas AG
FIG 27 SWOT Analysis: LG Electronics, Inc.
FIG 28 SWOT Analysis: Huawei Technologies Co., Ltd.