Latest News- Wearables Market in US: Consumer electronics is expected to lead the Application segment during 2025-2029

The Wearables Market in US is being driven by Growing preference for wearables devices for payment

The Wearables Market in US is expected to grow at a CAGR of 17.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 38319.1 million. The US wearables market is witnessing a significant shift towards the integration of high-performance, low-power-consumption electronic components in wearable devices. The growing preference for advanced features in smartwatches, smart bands, smart rings, and Head-Mounted Displays (HMDs) necessitates the development of energy-efficient semiconductor components. Consequently, companies are investing in low-power-consumption processors, sensors, and batteries to enhance the functionality and battery life of their wearable products. Innovative features, such as health monitoring, fitness tracking, and augmented reality, require high-performance electronics while maintaining minimal power consumption. As a result, the market is witnessing a surge in the adoption of low-power-consumption components, including new inertial measurement units (IMUs), to cater to the evolving demands of consumers in the US wearables market. 

Get more information on Wearables Market in US by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Consumer electronics
  • Healthcare
  • Enterprise and industrial
  • Others
• Product
  • Smart watches
  • Wireless headphones
  • HMDs
  • Smart bands
  • Others
• Distribution Channel
  • Online
  • Offline
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing preference for wearables devices for payment
• Increasing focus on fitness and healthy lifestyle orientation
• Development of miniaturized electronic components

However, the market also witnesses some limitations, which are as follows:

• Growing market for counterfeit products
• Increasing concerns over data security and privacy
• Unappealing designs

Benefits of Buying Global Wearables Market in US Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Wearables Market in US Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The wearables market in the US is witnessing significant growth with advancements in wearable computing, displays, and sensor fusion. Biometric authentication, wearable payment platforms, and healthcare solutions are driving the trend towards connected healthcare and remote patient monitoring. Wearable gaming, immersive experiences, analytics, and predictive maintenance are also gaining popularity. Smart fabrics, flexible electronics, energy harvesting, and wearable power are key technologies. Biocompatible materials, communication, interfaces, human-computer interaction, design principles, accessibility, personalization, and innovation are essential elements shaping the future of this industry.

Market Research Overview

The Wearables Market in the US, a segment of Technavio's global Technology Hardware, Storage, and Peripherals Market, encompasses fitness trackers, health monitoring devices, and other wearable technology. This market is characterized by advancements in activity tracking, sleep tracking, heart rate monitoring, and GPS tracking. The Technology Hardware, Storage, and Peripherals Market, which includes manufacturers of cellular phones, personal computers, servers, and peripherals, is projected to expand due to the increasing demand for data storage solutions driven by the growing volume, velocity, veracity, and variety (4Vs) of data. This trend is particularly relevant to wearable technology, as it generates vast amounts of health and fitness data. The market size is determined by the revenue generated from the sales of these hardware devices and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/