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Pulished Date August, 2021
ID: 11895
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APAC Smart Wearables Market Research Report – Segmented By Product, End User & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 11895
Pages: 100

APAC Smart Wearables Market Size (2021 to 2026)

The size of the smart wearables market in the Asia-Pacific region is estimated to be growing at a CAGR of 24.2% during the forecast period.

Factors such as the increase in adoption of Artificial Intelligence (AI) assistants, the expanded deployment of AI in healthcare and the development of IoT, and the introduction of wireless technologies in portable electronic devices drive market growth. However, the short lifespan of smart wearable devices makes it difficult to develop the market period.

The massive growth in consumer electronics applications has been seen in recent years due to the fact that customers all over the world are committed to their health and can adopt the technologies to stay fit. In fact, AR / VR has been widely adopted in multimedia and entertainment applications. The application of AI in AR / VR technologies provides a simple and realistic experience by successfully enhancing high-end graphics. Advances in technology, entry of major players, growth in utility watches, and demand for high-end devices drive the smart wearables market in the Asia-Pacific region.

Consumer portable electronic devices include various wearable products used in various applications, such as health and athletics, entertainment and multimedia, etc. These fitness devices target health-conscious consumers. In addition, wearable devices are commonly used to record activities and personal health goals, such as wireless ECG machines, wireless heart rate monitors, blood glucose meters, etc. Smart wearables manufacturing companies invest heavily in R&D to design optimal solutions to gain greater market share. The smart wearables industry is growing steadily continuously with an improved range of features such as notification alerts, internet connectivity, and others. Technological developments are expected to drive the smart wearables market during the forecast period.

However, the smart wearables market growth in Asia-Pacific is hampered by factors such as the shorter life cycle of the consumer electronics industry, limited battery life, design complexities, an increased need for standardization, and a high manufacturing cost. However, the impact of these factors is estimated to be minimal due to the introduction of new technologies.

Impact of COVID-19 on the APAC smart wearables market:

The COVID-19 outbreak and global lockdown restrictions have affected industrial activities around the world. The electronics industry is severely affected by great influence on its supply chain and production facilities as production was halted in China and Taiwan in 2020, influencing various OEMs worldwide. The pandemic has a negative impact on the market.

This research report on the APAC Smart Wearables market has been segmented and sub-segmented into the following categories:

By Product:

  • Smartwatches
  • Head-mounted Displays​
  • Smart Clothing
  • Ear Worn
  • Fitness Trackers​
  • Body-worn Camera​
  • Exoskeleton​
  • Medical Devices

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

 Geographically, China has the highest consumer adoption for smart wearables. The Indian and Australian markets are expected to register high CAGR during the forecast period. The Japanese market is predicted to dominate the market due to the advanced knowledge of pedometers and smartwatches in the region. The growing group of chronic diseases such as obesity and diabetes is also the major factors in the development of this market. Therefore, increased awareness of fitness and preventive care has increased the demand for smart wearables.

Also, according to the World Bank, Macau had the highest gross domestic product (GDP) per capita with 88.56 thousand. By comparison, India had a gross domestic product (GDP) per capita of 2.12 thousand USD. The use of smart wearables has also reduced the frequency of visits to the health consultant, which has proven to be one of the important benefits for people living in remote areas of India.

Besides the countries mentioned above, Taiwan and South Korea also hold a significant share of the smart wearables market in the Asia-Pacific region. Apple is the world's leading brand in the APAC region with a 38.88% market share in revenue, followed by Fitbit, Samsung, and Huawei. In addition, the upward trend of cheap smart wearable products launched in China and India is expected to enable these countries to generate key revenue for this market during the estimated time period of 2021 to 2026.


Apple, Covidien Plc, Philips Electronics, Fitbit Inc., LifeWatch AG, Polar Electro, Jawbone, Sotera Wireless, Pebble Technology Corp., Drägerwerk AG & Co. KGaA, Omron Corp., Samsung, Huawei, Lifesense Group, Adidas Group, Qualcomm Technologies, Inc, Sony Corporation, Garmin, Nokia Technologies, Vital Connect, and Everist Genomics are some of the prominent companies operating in the APAC smart wearables market.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Smart Wearables Market, By Product
      1. Smartwatches
      2. Head-mounted Displays
      3. Smart Clothing
      4. Ear Worn
      5. Fitness Trackers
      6. Body-worn Camera
      7. Exoskeleton
      8. Medical Devices
      9. Market Size Estimations & Forecasts (2021-2026)                               
      10. Y-o-Y Growth Rate Analysis                                         
      11. Market Attractiveness Index                                       
  7. Geographical Landscape                                                                  
    1. Smart Wearables Market, by Region                                            
    2. Asia Pacific                                             
      1. By Country                                         
        1. China                  
        2. India                    
        3. Japan                  
        4. South Korea                     
        5. South East Asia                
        6. Australia & NZ                  
        7. Rest of Asia-Pacific                        
  8. Key Player Analysis                                                             
    1. Apple
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Covidien Plc
    3. Philips Electronics
    4. Fitbit Inc.
    5. LifeWatch AG
    6. Polar Electro
    7. Jawbone
    8. Sotera Wireless
    9. Pebble Technology Corp.
    10. Drägerwerk AG & Co. KGaA
    11. Omron Corp.
    12. Samsung
    13. Huawei
    14. Lifesense Group
    15. Adidas Group
    16. Qualcomm Technologies, Inc.
    17. Sony Corporation
    18. Garmin
    19. Nokia Technologies
    20. Vital Connect
    21. Everist Genomics
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  2. Asia Pacific Smartwatches Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia Pacific Head-mounted Displays​ Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia Pacific Smart Clothing Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia Pacific Ear Worn Market, By Region, From 2021 to 2026 (USD Billion)
  6. Asia Pacific Fitness Trackers​ Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia Pacific Body-worn Camera​ Market, By Region, From 2021 to 2026 (USD Billion)
  8. Asia Pacific Exoskeleton​ Market, By Region, From 2021 to 2026 (USD Billion)
  9. Asia Pacific Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  10. Japan Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  11. China Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  12. India Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  13. Australia Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  14. South Korea Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)


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