South Korea Wearable Computing Market Size & Outlook
The wearable computing market in South Korea is expected to reach a projected revenue of US$ 4,758.5 million by 2030. A compound annual growth rate of 22.5% is expected of South Korea wearable computing market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,148.5
Forecast, 2030 (US$M)
$4,758.5
CAGR, 2024 - 2030
22.5%
Report Coverage
South Korea
South Korea Wearable Computing Market, 2017-2030 (US$M)
Global Market
Related Markets
South Korea wearable computing market highlights
- The South Korea wearable computing market generated a revenue of USD 1,148.5 million in 2023 and is expected to reach USD 4,758.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 22.5% from 2024 to 2030.
- In terms of segment, fitness trackers was the largest revenue generating product in 2023.
- Head Mount Displays is the most lucrative product segment registering the fastest growth during the forecast period.
Wearable computing market data book summary
| Market revenue in 2023 | USD 1,148.5 million |
| Market revenue in 2030 | USD 4,758.5 million |
| Growth rate | 22.5% (CAGR from 2023 to 2030) |
| Largest segment | Fitness trackers |
| Fastest growing segment | Head Mount Displays |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Watches, Smart Jewlery, Fitness Trackers, Body-worn Cameras, Head Mount Displays |
| Key market players worldwide | Apple Inc, Fossil Group Inc, Garmin Ltd, Alphabet Inc Class A, Nike Inc Class B, Samsung Electronics Co Ltd, Sony Group Corp, Xiaomi Corp Class B, Sensoria, Huawei Technologies |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global wearable computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China wearable computing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,439.8 million by 2030.
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Wearable Computing Market Scope
Wearable Computing Market segmentation & scope
Wearable Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Sony Group Corp | View profile | 113,000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | www.sony.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| Xiaomi Corp Class B | View profile | 33,627 | Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, China, People's Republic of | www.mi.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Nike Inc Class B | View profile | 83,700 | One Bowerman Drive, Beaverton, OR, United States, 97005-6453 | www.nike.com |
| Fossil Group Inc | View profile | 6,100 | 901 S. Central Expressway, Richardson, TX, United States, 75080 | www.fossilgroup.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | huawei.com |
| Sensoria | View profile | 1-10 | Princeton Junction, New Jersey, United States, North America | www.sensoria.com/ |
South Korea Wearable Computing 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 Wearable Computing Market Outlook will help companies and investors design strategic landscapes.
Fitness Trackers was the largest segment with a revenue share of 33.68% in 2023.
Horizon Databook has segmented the South Korea wearable computing market based on smart watches, smart jewlery, fitness trackers, body-worn cameras, head mount displays covering the revenue growth of each sub-segment from 2017 to 2030.
- South Korea Wearable Computing Market Product Type Outlook (Revenue, USD Million , 2017-2030)
- Smart Watches
- Smart Jewlery
- Fitness Trackers
- Body-worn Cameras
- Head Mount Displays
- Others
- South Korea Wearable Computing Market Connectivity Outlook (Revenue, USD Million , 2017-2030)
- Bluetooth
- Wi-Fi
- 4G/5G
- Others
- South Korea Wearable Computing Market Application Outlook (Revenue, USD Million , 2017-2030)
- Consumer
- Non-Consumer
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Wearable Computing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Wearable Computing Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Wearable Computing Market, 2017-2030 (US$M)
South Korea wearable computing market statistics, by product, 2017-2030 (US$M)
