IBM Corporation - Oracle Corporation - Internap Corporation - Packet Inc. (An Equinix Inc. Company) - Scaleway Inc. - Amazon Web Services Inc. - Rackspace Inc. - CenturyLink, Inc. - LightEdge Solutions, Inc. [Report Description] The global shipment volume of smart wearables was 266.3 million units in 2020. It is anticipated to reach 776.23 million units by 2026, registering a CAGR New product categories like smart fabrics and hearables, among others, which incorporate high-end technology and design into daily life, have resulted from advances in research in recent years, which have been instrumental in driving demand for the wearable market. In recent times, providing devices with attractive designs to attract customers has been the focus.

Highlights The ability to be worn on any part of the body makes wearable technology an emerging trend that incorporates electronics into everyday activities and addresses the changing lifestyles. Wearable technology is becoming increasingly popular as a result of features like being able to connect to the internet and offering options for data exchange between a device and a network.
Due to the rise of the fitness trend among consumers, wearables have seen significant growth. The number of connected wearable devices is anticipated to rise from 593 million in 2018 to 1,105 million in 2022, according to Cisco Systems. Due to additional features like the brand that fits the everyday lifestyle, the smartwatch category is growing. To maintain their revenues, established brands like Apple and Fossil are maintaining pricing levels that are comparable to those of conventional watches. Numerous additional premium watchmakers, including TAG and Armani, have entered the market as a result of Google's WearOS.
With smart assistants' increasing acceptance, hearables are gaining traction. Bragi, Google, Apple, Jabra, Samsung, and Sony are just a few of the companies that have been actively contributing to the expansion of this market.
The Coronavirus episode and the lockdown limitations across the world have impacted modern exercises across the world. The gadgets business is hit seriously with a critical impact on its inventory network and creation offices. During the months of February and March, production ceased in China and Taiwan, affecting various OEMs worldwide.
The demand for aesthetically pleasing, advanced-featured products that are able to better serve the daily requirements of consumers, such as time schedules, has driven the global market for smartwatches. Key Market Trends Incremental Technological Advancements Aiding the Market Growth
In addition, smartwatches have become increasingly popular among the large millennial population as a result of the increased expense associated with their luxuries and regular work hours tracking. The International Council of Shopping Centers (ICSC) predicts that major economies will see an increase in millennial spending.
Additionally, fiber optic sensors (FOSs) have gained widespread acceptance as an alternative to conventional sensors in smart fabrics and clothing. This is due to their superior metrological properties and small size. Companies like Lucyd are concentrating on the ergonomics aspect of head-mounted displays, despite the possibility that this is not the case. Head-mounted displays are anticipated to see an increase in use across all industries as a result of their diminutive size and weight.
Asia Pacific to Experience the Fastest Growth Rate During the Forecast Period, the smart wearable market is anticipated to expand at the fastest rate in Asia Pacific. The smart wearable market is being driven by the region's expanding electronics industry and rising disposable income.
The wearables market in China has changed, partly because more and more wealthy consumers are buying them. For instance, a recent report from a government think tank in China stated that the port city and manufacturing hub in the southeast of the country produces approximately 80% of all smart wearable devices worldwide. Shenzhen, the base camp of many Chinese tech giants, is the largest R&D (research and development) and production center for smart wearables, according to the China Center for Information Industry Development report.
In addition, the country's smart wearable market is expanding primarily due to rising fitness awareness, technological advancements, and the availability of high-speed Internet connectivity.
Landscape of Competitors The smart wearable market is extremely competitive. In recent years, the market has gained a competitive advantage. Moreover, the players are being taken to acquire an upper hand in this quickly developing business sector, predominantly taking special care of the interest from the millennial age populace.

Fitbit Luxe, a health and fashion-forward fitness tracker, was announced in April 2021. This tracker will assist with adopting a more all encompassing strategy to wellbeing and wellbeing. This tracker has a sleek design, a five-day battery life, a color touchscreen, and a lot of stylish accessories.
For India's tech-savvy millennials, Apple Inc. introduced seven next-generation touchscreen smartwatches under its six brands in September 2020. Skagen Falster 2 for Skagen, Michael Kors Access Runway for Michael Kors, Emporio Armani Connected for Emporio Armani, A|X Armani Exchange Connected for Armani Exchange, and Diesel Full Guard for Diesel are the seven smartwatches.