Global Smart Sports Wearables Market Size & Outlook

The global smart sports wearables market size was estimated at USD 1,667.1 million in 2023 and is projected to reach USD 4,165.7 million by 2030, growing at a CAGR of 14% from 2024 to 2030.
Revenue, 2023 (US$M)
$1,667.1
Forecast, 2030 (US$M)
$4,165.7
CAGR, 2024 - 2030
14%
Report Coverage
Worldwide

Global smart sports wearables market highlights

  • The global smart sports wearables market generated a revenue of USD 1,667.1 million in 2023 and is expected to reach USD 4,165.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 14% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 760.3 million in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 1,667.1 million
Market revenue in 2030USD 4,165.7 million
Growth rate14% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services

Other key industry trends

  • In terms of revenue, the North America accounted for 32.9% of the global smart sports wearables market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 119.6 million by 2030.

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Smart Sports Wearables Market Companies

Name Profile # Employees HQ Website
StretchSense View profile 11-50 Auckland, Auckland, New Zealand, Oceania http://www.stretchsense.com/
Stats Perform View profile 1001-5000 Chicago, Illinois, United States, North America https://www.statsperform.com
ShotTracker View profile 11-50 Mission, Kansas, United States, North America http://shottracker.com
Panasonic Industry View profile 1001-5000 Ottobrunn, Bayern, Germany, Europe https://www.panasonic-electric-works.co.uk
Huawei Technologies View profile 10001+ Shenzhen, Guangdong, China, Asia http://huawei.com
Adidas AG View profile 59030 Adi-Dassler-Strasse 1, Herzogenaurach, BY, Germany, 91074 https://www.adidas-group.com
CGT Catapult View profile 251-500 London, England, United Kingdom, Europe https://ct.catapult.org.uk
Fitbit View profile 251-500 San Francisco, California, United States, North America http://www.fitbit.com
Garmin Ltd View profile 19900 Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 https://www.garmin.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Xiaomi Corp Class B View profile 33627 Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, China, People's Republic of https://www.mi.com
Alphabet Inc Class A View profile 180895 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 https://www.abc.xyz
Sony Group Corp View profile 113000 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 https://www.sony.com
Under Armour Inc Class A View profile 14800 1020 Hull Street, Baltimore, MD, United States, 21230 https://www.underarmour.com
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com

Global smart sports wearables market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart sports wearables market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 45.61% in 2023. Horizon Databook has segmented the Global smart sports wearables market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Smart Sports Wearables Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
      • Sensors
      • Battery
      • Others
      • Memory
      • Display
    • Software
      • Operating System
      • Device Applications
    • Services
  • Global Smart Sports Wearables Device Type Outlook (Revenue, USD Million, 2018-2030)
    • Others
    • Headwear
    • Smart Bodywear
    • Wristwear
      • Smart Wristbands
      • Smartwatches
    • Smart Shoes
  • Global Smart Sports Wearables Application Outlook (Revenue, USD Million, 2018-2030)
    • Fitness & Activity Tracking
    • Biometric Analysis
    • Sports & Performance Enhancement
    • Health Monitoring
    • Navigation & Location Tracking
  • Global Smart Sports Wearables End Use Outlook (Revenue, USD Million, 2018-2030)
    • Amateur Athletes
    • Professional Athletes

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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart sports wearables market, including forecasts for subscribers. This global databook contains high-level insights into Global smart sports wearables market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global smart sports wearables market size, by regions, 2018-2030 (US$M)

Top 10 countries: Smart sports wearables market size, 2023 (US$M)

Global smart sports wearables market share, by component, 2023 & 2030 (%, US$M)

Smart sports wearables market: Opportunity assessment by country

Global smart sports wearables market, by region, 2023 (US$M)

Global smart sports wearables market size, by regions, 2018-2030 (US$M)

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