Wearable Shipments to Surge 35% by 2031 as Smartwatches and Rings Drive Market Expansion
Event summary
- Wearable device shipments to grow from 402.96 million in 2026 to 544.08 million in 2031, a 35% increase.
- Smartwatches to account for 37% of wearable shipments in 2025, rising from 141.15 million in 2025 to 196.4 million by 2031.
- Smart rings to reach 113.5 million shipments and $6.1 billion in revenue by 2031.
- 5G-enabled wearables to grow from 1.3 million units in 2026 to 66.9 million by 2031.
- Market revenue to increase from $44.22 billion in 2026 to $56.54 billion by 2031.
The big picture
The wearable market is shifting from premium flagship devices to broader product portfolios, expanding adoption and intensifying competition. Smartwatches remain the dominant segment, but smart rings and 5G-enabled wearables are emerging as significant growth categories. The market's revenue is projected to increase by $12.32 billion over the next five years, underscoring the commercial importance of wearable ecosystems to device makers, component suppliers, and service providers.
What we're watching
- Ecosystem Integration
- How tighter ecosystem integration will drive the next phase of wearable growth.
- Health Monitoring
- Whether broader health monitoring capabilities will expand the role of wearables beyond fitness tracking.
- AI Form Factors
- The pace at which AI-enabled wearable form factors will extend personal device functionality.
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