According to Statista, the number of wearables reached more than 1 billion by the end of 2022.
From smart jewellery (rings, wristbands, watches) to body-mounted sensors and fitness trackers, people use wearables for various purposes. According to Statista, the number of wearables reached more than 1 billion by the end of 2022. In 2023 the wearables market should surpass $54 billion according to Globaldata, with 2024 outlook being even better, with Canalys forecasting a 10% growth.