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Other markets such as industrial wearables services, entertainment/gaming (i.e., augmented reality (AR) games and devices), and wearables for defense and security are also surging in popularity with recent technological advances in wearable technologies.Īccording to latest market research analysis, by 2025, the wearable payments services market (around USD 72 billion by 2025) is expected to be larger than the combined fitness/medical wearables services market by approximately USD10 billion.

Combined fitness/medical-connected services was the leading market for wearable sensing technologies as of 2020. The COVID-19 pandemic has also positively impacted the adoption of other consumer wearable technologies for mobile payment systems, patient tracking, contact tracing, and remote patient monitoring and treatment.

During the pandemic, smart reusable masks that can detect SARS-CoV-2 and self-sterilize have become an active area of research and development.

Consumer wearables device market share (2019–2022).Įar-worn wearables, in special hearables such as true wireless stereo (TWS) wearables, have surged from almost zero market share to a significant share of the wearable device market since the introduction of Apple AirPods in 2016, and have significantly increased during the coronavirus disease (COVID-19) pandemic, caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), as many people have worked and studied from their homes worldwide.

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