- May 27, 2024
As per research Global smart wearables market is rapidly growing at CAGR of approximately 12.5% for the forecast period of 2023-2030. The projected revenue for the smart wearable market is US $ 142.4 billion by 2030 globally which indicates high growth of wearable market globally.
The trend is not limited to smart watches but also goes with wearable bands, smart rings, smart patches for medical wellness, smart clothing, smart glasses, VR headsets, smart hearables, smart fitness band, smart payment rings and many more applications are available in the industry.
These devices are based on FPC (Flexible Printed Circuit). FPC-based products are ideal for wearable tech due to their smaller size, lighter weight, and increased flexibility. These qualities ensure that the devices are comfortable and unobtrusive, allowing patients to concentrate on their rehabilitation without being distracted by the technology supporting their medical care.
In 2025, hearables remained the largest segment with shipments of around 356 million units, outpacing other categories. Smartwatches remain one of the most profitable wearable sub-industries, with the global smartwatch market valued at roughly USD 40.7 billion in 2025 and expected to grow further in 2026 as consumer demand for health, connectivity, and premium features increases.
With advancements of IoT and embedded integration these miniature wearables take the technology to the next level in terms of real time data monitoring, alert systems, data transfer, mobile and cloud integration.
By utilizing BLE (Bluetooth Low Energy) and NFC (Near Field Communication) wearables have more applications beyond healthcare and fitness.
Currently the leading wearable device vendor is Apple with 146.3 million units shipped worldwide in 2022.
Smart rings look like a normal jewellary ring, integrated with NFC (Near Field Communication) technology and mobile application, it can be used to make payments and having features of built in alarm system, GPS technology and accelerometer sensor which helps to detect motion or acceleration of the object. McLEAR has developed such rings including features of dustproof and waterproof material and user-friendly design.
Smart patches are a category of smart wearables and mostly used in healthcare industry to monitor blood sugar, blood pressure, heart rate, blood oxygen, cardiovascular activity, gastrointestinal activity etc. These patches integrate cutting-edge sensors and wireless communication capabilities, allowing real-time data collection and transmission to healthcare providers. It helps in remote patient monitoring and helps to get medical support on time.
Smart clothes are also referred to as electronic textiles or smart textiles. It is based on Bluetooth or Wi-Fi technology. Sensors on clothes collect two types of data: Physiological and environmental. Sensors can collect Physiological data such as oxygen level, heart rate, blood pressure whereas environmental data such as humidity, temperature, UV radiation intensity etc. Sensors can be implemented with subject to application area.
VR headsets come with display panels, computer vision sensors, hand controllers, proximity sensors, stereoscopic lenses, and IMU (Inertial Measurement Unit) sensors. These are essential to deliver virtual reality experience. VR headsets are useful to drive virtual reality experience in the industries of entertainment, real estate, education, architecture, healthcare, engineering etc.
Smart hearables are micro computers which use both microphone and speaker and worn in ears. In the smart hearables solutions data is transmitted by cloud-based server using Bluetooth or Wi-Fi.
Inspite of having wide scope across the industries there are some challenges in wearable device technology which may affect performance of the device.
In conclusion, wearable technology is rapidly evolving, offering a wide range of devices like smart rings, patches, and clothing that enhance healthcare, fitness, and beyond. These wearables, powered by technologies like Bluetooth Low Energy (BLE) and NFC, provide real-time data monitoring, mobile integration, and innovative features. While wearables have great potential across industries, they also face challenges such as limited space for features, ensuring responsive performance, maintaining a consistent user experience, accuracy in tracking, security, and battery life.