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Smart Wearable Fashion


What is wearable technology?

Wearables, also known as "wearable technology", is a category of electronic devices that can be worn as clothing, accessories, embedded in clothing, implanted in the user's body, or even tattooed on the skin. The devices are hands-free and powered by microprocessors and enhanced with the ability to send and receive data via the Internet (Hayes, A. 5/11/20, Investopedia,

How is the "wearable market" doing?

  • Revenue in the Wearables segment is projected to reach US$17,834m in 2021.
  • Revenue is expected to show an annual growth rate (CAGR 2021-2024) of 0.04%, resulting in a projected market volume of US$17,854m by 2024.
  • User penetration will be 5.3% in 2021 and is expected to hit 4.8% by 2024.
  • The average revenue per user (ARPU) is expected to amount to US$44.70.
  • In global comparison, most revenue will be generated in China (US$5,559m in 2021).

Wearables - Worldwide. (n.d.). Retrieved May 05, 2021, from















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