Europe Smart Wearables  Market Overviews

The Europe Smart Wearables Market is estimated to grow at a CAGR of 14.1% during the forecast period. Europe Smart Wearables Market is expected to reach US$ 103.47 Bn. in 2030 from US$ 41.09 Bn in 2023.




During the forecast period, the Smart Wearable Market in Europe is expected to rise at a CAGR of 14.1%. Smart wearables are gaining popularity because they allow for hands-free operation and access to data at any time of day. Apart from that, biometric functionality, GPS and mapping capability, and independent smartphone functioning are a few distinctive aspects of smart wearables, which are estimated to drive the market in European countries, in accordance with people's increasing disposable income.




The number of features available via smart wearables is developing in tandem with the growing number of connected cars in European countries. The global market for vehicle to everything (V to X) technology is estimated to reach USD 14,773 million by 2030, according to Goldman Sachs.




Furthermore, most automotive firms are collaborating with smart wearable vendors in the industry to better utilize the user's health data and offer a better driving experience. As part of their Fit & Healthy project, Garmin struck an important agreement with Daimler AG, a German automobile giant, to introduce wearable technology inside Mercedes-Benz vehicles.

Europe Smart Wearables  Market Scope and Methodology:


According to the WHO, the world elderly population will reach 2 billion by 2050 (World Health Organization). The UK's age structure, like that of many other countries, is evolving towards older ages. According to the Office for National Statistics, one in every four persons in the UK will be 65 or older by 2050, up from one in every five in 2019. Chronic diseases, falls, impairments, and other negative health consequences are more common among the elderly. Adults and older individuals have used smart wearable devices to solve some of the challenges associated with recognizing and controlling adverse health conditions.




Europe Smart Wearables  Market Regional Insights


The United Kingdom has one of Europe's major fitness markets, according to the Office for National Statistics (UK), with total revenue of around EUR 5.3 billion. The number of fitness facilities in the UK has been steadily increasing since 2012. According to the Sports Think Tank, the UK's total membership has surpassed 10 million, with the business valued more than GBP 5 billion. Furthermore, during the Covid-19 outbreak, many countries are exploiting the smart wearables' capabilities to monitor the health data of their citizens. Fitbit Wearables and Smartwatches were added to the Coronavirus list in April 2023. The German Center for Disease Control has invited users of smartwatches and fitness bands to contribute their health data in order to assist track the spread of the virus.




For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Europe-Smart-Wearables-...




 Europe Smart Wearables  Market Segmentation

Based on Product, the Europe Smart Wearables Market is segmented into neck-wear, foot-wear, wrist-wear, body-wear, eye-wear, and head-wear, and others. During the forecast period, the increased popularity of these gadgets among recreational fitness enthusiasts and professional athletes is expected to fuel demand for wellness and fitness products. Growing consumer awareness of the benefits of smart wearable consumer electronics, increased smartphone penetration, and rising disposable incomes are all estimated to benefit the market. Several market participants' R& D endeavors are anticipated to add to the industry's growth possibilities. However, concerns about data privacy, a high initial cost, and a short battery life could all threaten market growth during the forecast period.




Europe Smart Wearables  Market Key Players


8sense (Germany)
Ava (Switzerland)
Aucobo (Germany)
Elvie (U.K.)
Elitac (Netherlands)
Tespack (Finland)
iBreve (Ireland)
Lifee (Sweden)
Activinsights Ltd. (U.K.)
Polar Electro Oy (Finland)

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Europe-Smart-Wearables-...




Key questions answered in the Europe Smart Wearables  Market are:

What is Europe Smart Wearables ?
What was the Europe Smart Wearables market size in 2023?
What is the growth rate of the Europe Smart Wearables Market?
Which are the factors expected to drive the Europe Smart Wearables market growth?
What are the different segments of the Europe Smart Wearables Market?
What growth strategies are the players considering to increase their presence in Europe Smart Wearables ?
What are the upcoming industry applications and trends for the Europe Smart Wearables Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Smart Wearables Market?
Who are the leading companies and what are their portfolios in Europe Smart Wearables Market?
What segments are covered in the Europe Smart Wearables Market?
Who are the key players in the Europe Smart Wearables market?




Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4 Kothrud

Pinnac Memories Fl. No. 3

Kothrud, Pune, Maharashtra, 411029

[email protected]

+91 9607365656