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HomeBusinessWearable Market to witness 344.9 Million Shipments in 2022

Wearable Market to witness 344.9 Million Shipments in 2022

29 January 2022: During the COVID-19 pandemic, wearables became a tool for tracking, monitoring, and combating the spread of the disease throughout the world. So, it is but natural that Wearable Market is expected witness 344.9 million shipments in 2022, a growth increase of 13.2%, with Sports, Fitness, and Wellness Trackers leading the way. In 2021, 304.69 million wearables shipped globally, according a recent market study by ABI Research.

According to the report, the number of wearables shipped worldwide in 2020 increased to 259.63 million, with sports, fitness, and wellness trackers accounting for 112.15 million and Smartwatches 74.30 million, the report said.

“While the wearables sector has witnessed strong growth so, too, has mobile accessories, where demand for wireless headsets has risen dramatically in the past year,” says Filomena Iovino, 5G Devices, Smartphones and Wearables Research Analyst at ABI Research.

Wireless headset shipments reached 502.7 million at the end of 2021 and are expected to exceed 700 million units in 2026, with a CAGR of 7.6%, and leading the smart accessory market. And, as voice control becomes the dominant user interface for hands-free control of smartphones and smartwatches, true wireless headsets will also become significant drivers for the growth and adoption of voice assistants As such global TWS headset shipments will reach more than 600 million units in 2026 and a growth rate of 19%.

Although 5G is likely to appear in in greater numbers of smartwatches in 2023, volume is expected to remain low at 3.55 million by 2026 while 4G will still represent the highest volume with 45.4 million shipments and a CAGR of 31.7% by this stage. And, Healthcare wearable devices will remain another dominant sector. These devices enable consumers to track vital healthcare information in and beyond a hospital setting.

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