Summary

The term "wearable technology," or "wearable’s," refers to a broad category of electronic devices that are worn on the body as apparel or accessories. These gadgets are made to gather and send data, offer information, or help with multiple tasks. The promise of wearable’s to improve productivity, communication, exercise, and personal health has made them more and more popular in recent years. According to the article published on the National Heart, Lung, and Blood Institute, researchers also found that among adults with cardiovascular disease who use a wearable device, around 38% use it regularly compared to almost half of other adults. Adults between the ages of 18-49, with higher household incomes, were also more likely to report using wearable devices. Several universities and research institutions in the United States are actively engaged in research related to wearable’s technology. Prominent ones include MIT, Stanford University, and the University of California, Berkeley. Many technology companies based in the United States, including Apple, Google, and Fitbit (now a part of Google) conduct extensive research and development in the field of wearable. National Institute of Standards and Technology (NIST) plays a role in developing and promoting standards and guidelines for wearable technology to ensure data accuracy, security, and interoperability. Digital Medicine Society (DiMe) is dedicated to advancing the use of wearable technology and digital tools in medicine. It connects researchers, healthcare professionals, and technology experts. Smart hats are growing in popularity. Companies like Spree Wearables and Life BEAM are introducing smart caps to the global market.

According to the research report “United States Wearable Technology Market Overview, 2028," published by Bonafide Research, the market is anticipated to grow with more than 10% CAGR from 2023-2028. The wearables technology market in the United States is expected to grow significantly over the next several years. As there has been a sharp increase in demand for fitness trackers and smartwatches that can track anything from heart rate to sleep patterns due to customers' growing emphasis on health and fitness. Furthermore, a growing interest in proactive healthcare management is seen in the continued incorporation of advanced health monitoring functions, such as blood oxygen measurement and ECG, into these devices. Moreover, the convergence of wearables with 5G technology promises faster data transmission and low latency, enabling more immersive augmented and virtual reality experiences, as well as real-time remote health consultations. Furthermore, wearables are becoming more and more popular for industrial applications, tracking worker performance and health, and workplace safety. Within the domain of fashion and leisure, the amalgamation of technology and fashion is stimulating the creation of visually appealing smart apparel and jewelry. Industry innovation and safety standards are being fostered by government initiatives and support, including money for research and regulatory guidelines. Wearables are becoming essential to the linked ecosystem as voice assistants, smart homes, and the Internet of Things (IoT) gain traction. Additionally, the US continues to be a center for wearables research and development, with cooperation between universities, tech companies, and startups spurring innovation. Manufacturers of wearables are concentrating on developing customizable and ecologically friendly goods as consumer expectations for sustainability, data privacy, and customization rise. When taken as a whole, all of these indicators suggest that the wearables business has a bright future ahead of it. Technology will continue to permeate daily life and provide ease, connectivity, and health monitoring.

The market is segmented based on the product type into wrist wear, eyewear & headwear, footwear, jewelry, body wear, other wearable technology. As people look for ways to stay connected, manage their health, and access information while on the go, wrist wear including smart watches and fitness trackers is becoming more and more popular in the US. The incorporation of cutting-edge technologies like GPS, heart rate monitoring, and extensive health tracking capabilities has propelled the wristwatch market's strong expansion. On the other hand, wearable technology has advanced far beyond wristwatches. The market for eyewear and headwear, represented by devices like augmented reality (AR) glasses and virtual reality (VR) headsets, has experienced a significant expansion. AR glasses have applications not only in entertainment and gaming but also in industrial use cases, where they can improve efficiency and provide hands-free access to information for workers in various fields. Meanwhile, the use of VR headsets has grown in gaming, training, and immersive experiences. Additionally, body wear, including smart clothing with embedded sensors, has gained traction in fitness, healthcare, and even fashion. These garments can monitor biometric data, posture, and body movements, offering users a more comprehensive understanding of their physical well-being. The footwear sector has also seen innovations, with smart shoes and insoles designed to track gait, activity, and balance, providing valuable insights for athletes and those with specific health needs. Smart jewelry, which includes items like rings, bracelets, and necklaces, has become increasingly popular not only for its aesthetic appeal but also for its functionality in tracking health and providing discreet notifications. As the technology continues to advance and diversify, these wearables are becoming integral parts of daily life, catering to various consumer needs and preferences. Furthermore, they are contributing to a more connected, data-driven society, where individuals have access to an ever-expanding array of information and tools, ultimately enhancing their daily experiences and overall well-being.

Based on the type of wearable technology, the market consists of wearable smart textiles and wearable’s products and devices (Non-textile). Non-textile wearables, which encompass devices like smartwatches, fitness trackers, augmented reality (AR) glasses, virtual reality (VR) headsets, and various other gadgets, have witnessed remarkable growth and adoption in recent years. Together with smart clothes and wearable devices, "smart wearable textiles" are emerging as a significant market for electronic textiles. Wearable textiles are categorized as either active or passive smart textiles, which can interact with the human brain's cognitive, thinking, and activating abilities. Wearable textiles are able to sense, react, and adjust themselves in response to external conditions or stimuli. As naturally conductive materials, several unsaturated polymeric substrates such as polyaniline, polypyrrole, polytiophene, and polyacetylene are typically utilized. Ag, Cu, and Au nanoparticles as well as single- and multiwalled nanocarbon tubes (SWCNT/MWCNT) are being utilized as basic yarn materials for e-textiles with varying cross-sectional areas (sandwiched, coated, shelled, tri-lobal, or twisted forms). The products are assorted with a varieties of depth as centrally controlled sensors, actuators, circuit tree added conductive stitched or embroidered fabric, planer electric yarn, data transferring devices, conductive ink printing, textile Bluetooth antenna, integrated fabric area networked clothing, EMI shielding, power supply clothing, Numetrex sports bra (Textronics), intelligence textile wears like WarmX vest, textile headband for facial EMG and knee sleeve and flex sensor or even as pressure sensor providing relief from post-medical operational health risk hazards. E-textiles can be used in military applications in detection of enemies or biochemical threats. Recently developed ‘Biodegradable Smart Shirt’ textile platform is also able to monitor vital signs and heartbeats or palpitation rates for the patient using data management based information applications. Also the wearable e-textile has been introduced to fashion articles, for example: ICD+ Jacket with fabricated embroidered textile keypad.

The market for wearable technology in the US is divided into many application categories, such as consumer electronics, healthcare, business and industrial, and other amorphous uses. The healthcare industry is one of the fastest-growing of them, with a significant compound annual growth rate (CAGR) predicted for the upcoming years. Wearable technology has quickly gained traction in the healthcare sector because of its potential to completely transform medical surveillance and patient care. With the development of wearable technology, people can now measure their vital signs, activity level, and chronic illnesses with never-before-seen convenience due to advanced health-tracking tools. Beyond fitness tracking, smart wearables are being used in healthcare for a variety of purposes. These include remote patient monitoring, continuous glucose monitors for managing diabetes, and even advanced sensors used for early health issue detection. Simultaneously, consumer electronics have seen a surge in the use of smart wearables. Devices like smart watches and fitness trackers have become integral parts of our daily lives, serving as extensions of our smartphones, offering notifications, health insights, and even contactless payment capabilities. These wearables have gained immense popularity due to their ability to cater to consumers' ever-increasing demand for connectivity, convenience, and data accessibility. In enterprise and industrial applications, wearable technology is finding use in sectors like logistics, manufacturing, and maintenance. Workers can access critical information hands-free, enhancing productivity and safety. Wearables provide real-time data, augmented reality assistance, and even training tools for employees, making them an indispensable asset in the business world.

Considered in this report:
• Geography: United States
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• United States Wearable Technology market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• Wristwear
• Eyewear & Headwear
• Footwear
• Fashion & Jewelry
• Bodywear
• Other Wearable Technology (Wearable Camera)

By Type:
• Wearable Smart Textiles
• Wearable Products and Devices (Non-Textiles)

By Application:
• Consumer Electronics
• Healthcare
• Enterprise and Industrial Applications
• Other Applications (fashion and lifestyle, gaming and entertainment, military and defense, education and training, tourism and navigation, pet and animal health, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Wearable Technology industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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