Top 10 Companies in Wearable Devices Market

After the invention of smartphones, wearable electronics are the next big innovation in the world of technology. Wearables are electronic technology or devices incorporated into items that can be comfortably worn every day on the body. These devices are used for tracking user information on a real-time basis. Substantial growth in the global wearable devices market is mainly attributed to the growing consumer preference for such products and increasing health awareness among consumers. Furthermore, increasing adoption of wearable across multiple application areas is also complimenting the overall growth of the wearable devices market.

According to this latest publication from Meticulous Research®, the global wearable devices market is expected to grow at a CAGR of 11.3% from 2019 to reach $62.82 billion by 2025.

Here are the top 10 companies operating in the global wearable devices market

  1. Fitbit Inc. (U.S.)

Founded in 1972 and headquartered at Walldorf, Germany; Fitbit is a technology company focused on delivering health solutions that impact health outcomes. The Fitbit platform combines wearable devices with software and services to give consumers the tools to help them reach their health and fitness goals, augmented by general-purpose features that add further utility and drive user engagement.

The company has its geographic presence across North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.

  1. Garmin Ltd. (U.S.)

Founded in 1989 and headquartered at Olathe, Kansa, U.S.; the company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple. For nearly 30 years, Garmin Ltd. pioneered Global Positioning System (GPS) navigation and wireless devices and applications that are designed for consumers with active lifestyle. Garmin serves five primary business areas, including auto, aviation, fitness, marine, and outdoor. Garmin designs, develops, manufactures, markets, and distributes a diverse family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

The company has its strong geographic presence across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

  1. Huawei Technologies Co., Ltd (U.S.)

Founded in 1987 and headquartered in Shenzhen, China, Huawei is a leading global information and communications technology (ICT) solutions provider. The company is committed to bringing digital technology to every person, home, and organization for a fully connected, intelligent world. Their wearable devices, which include health and fitness trackers and smartwatches, enable users to view data about their daily activity, exercise, and sleep in real-time.

The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

  1. Apple Inc. (U.S.)

Founded in 1977 and headquartered in Cupertino, California, U.S.; Apple Inc. is involved in several sectors, such as designing, manufacturing, marketing and selling mobiles, media devices, and computers to consumers worldwide. The company also provides various services including Apple Store, Apple Arcade, Apple Card, Apple Music, Apple News+, Apple Pay, Apple TV+, iBook’s Store, iCloud, iMessage and more. The company sells its products and services through direct sales channel, online & retail stores, third-party cellular network carriers, resellers, and wholesalers.

The company has its geographic presence across Europe, North America, Latin America, Asia-Pacific and the Middle East and Africa.

  1. Samsung Electronics Cp., Ltd. (South Korea)

SamsungFounded in 1938, Samsung is a multinational conglomerate company headquartered in Seoul, South Korea. The company has robust business affiliations including Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, and Samsung Construction and Trading Corporation. Samsung has a strong global presence with approximately 2017 worldwide operational hubs. The company has more than 320,500 employees across 15 regional offices, 55 sales offices, 39 production sites, 35 R&D centers, 7 design centers, and 66 other sites. Samsung is ranked among the world’s largest information technology and semiconductors company. Besides, the company also has a significant share in global shipbuilding, insurance, and advertising sector.

The company has its geographic presence across Latin America, North America, Europe, Middle East and Africa, and Asia-Pacific region.

A report into the projected growth of the current Wearable Devices Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 11.3%, reaching over $62.82 billion.

  1. LG Electronics (South Korea)

Founded in 1958, LG Electronics, Inc. is one of the biggest global conglomerates and has headquarters in Seoul, Korea. The company operates through four major business units including home entertainment, mobile communication, home appliances & air solution, and vehicle components. The company has strong geographical presence and has 128 active operational sites, worldwide. LG consistently strives to bring out new innovation into their products and give utmost satisfaction to its customers in terms of value and service.

The company has its geographic presence across Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.

  1. Sony Corporation (Japan)

Sony CorporationFounded in 1946, Sony Corporation is a world-renowned conglomerate and headquarters in Tokyo, Japan. The company has diverse product offerings ranging from games and network services, music, pictures, home entertainment & sound, imaging product & solution, mobile communication, and semiconductors. Sony Corporation has diversified geographic presence with approximately 117,300 employees throughout the globe.

The company has its geographic presence across Latin America, North America, Asia-Pacific, Europe and the Middle East and Africa.

  1. Google LLC (U.S.)

Founded in 1998 and headquartered in California, U.S.; Google is one of the global pioneers in internet-based products and services. Google’s product portfolio ranges from search engines, cloud computing, online advertising technologies, computer hardware & software. In addition, Google is also creating a steady market entry in wearable device industry either directly or through its multiple subsidiaries.

The company has its geographic presence across, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

  1. Microsoft Corporation (U.S.)

Founded in 1975, and headquartered at Redmond, Washington, U.S.; Microsoft Corporation is a multinational technology company. It is best known for software products, including Microsoft Windows OS, Microsoft Office Suite, Internet Explorer, and Edge Web browsers. Its leading hardware products are the Microsoft Surface lineup of touchscreen individual computers and Xbox video game consoles. The company also specializes in the areas of Cloud Computing, Quantum Computing, Business Software, Developer Tools, Educational Software, Advertising tools, Windows Applications & Platforms, Smartphones, Productivity tools, Artificial Intelligence, Machine Learning, Laptops, and Virtual Reality.

The company has its geographic presence across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

  1. Misfit (U.S.)

Founded in 2011 and headquartered in California, U.S.; Misfit is an American consumer electronics company owned by the Fossil group. It specializes in wearable technology that utilizes sensors and home automation products. Misfit’s wearable activity trackers can be synced to a mobile app on a compatible smartphone. In November 2015, Misfit was acquired for $260 million by Fossil Group.

The company has its geographic presence across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Authoritative Research on the Wearable Devices Market – Global Opportunity Analysis and Industry Forecast (2019-2025)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

Please download report pages and learn more:

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