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Wearable Electronics Global Strategic Industry Report 2024: Market to Reach $173.7 Billion by 2030 from $32.5 Billion in 2022 – Miniaturized, High Performance Wearable Devices Boosts Prospects

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DUBLIN, March 1, 2024 /PRNewswire/ — The “Wearable Electronics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Wearable Electronics Market to Reach $173.7 Billion by 2030

The global market for Wearable Electronics estimated at US$32.5 Billion in the year 2022, is projected to reach a revised size of US$173.7 Billion by 2030, growing at a CAGR of 23.3% over the analysis period 2022-2030. Wristwear, one of the segments analyzed in the report, is projected to record 21.6% CAGR and reach US$89.2 Billion by the end of the analysis period. Growth in the Eyewear segment is estimated at 25.8% CAGR for the next 8-year period.

Wearable electronics have witnessed a historical journey, expanding their applications and solutions with miniaturized, high-performance devices. Wrist-worn devices dominate the global market, with consumer electronics representing the largest end-use sector. While developed regions lead in adoption, developing regions show potential for future growth.

Competition in the wearable electronics market is intense, with key competitors vying for market share. The competitive market presence of players worldwide varies, categorized as strong, active, niche, or trivial. Recent trends also reflect the impact of COVID-19 and the potential effects of a global recession on this burgeoning industry. 

The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 26.2% CAGR

The Wearable Electronics market in the U.S. is estimated at US$12.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2030 trailing a CAGR of 26.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 18.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.

MARKET OVERVIEW

Influencer Market InsightsWorld Market TrajectoriesWearable Technology: The Transition from Science Fiction to RealityHistorical Journey of Wearable TechnologyApplications & Solutions of Wearable ElectronicsWearable Electronics Market: Expanding Applications of Miniaturized, High Performance Wearable Devices Boosts ProspectsWrist-Wear Dominates Global Wearable Electronics MarketConsumer Electronics: The Largest End-Use MarketDeveloped Regions Lead, Developing Regions at the Forefront of Future GrowthWearable Electronics – Global Key Competitors Percentage Market Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)Smartwatch Market Worldwide: Breakdown of Unit Shipments (in %) by Company for 2019Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

Expanding Internet Connectivity and Growing Consumer Demand for Advanced Wearable Devices Fuels Market ProspectsRapid Increase in Penetration Rate of InternetRising Number of IoT and Connected Devices Drive Growth in Wearable Electronics MarketWorld IoT Market: Number of Connected Devices (in Million) for Years 2016, 2018E, 2020P and 2022PMarket Share Scenario of Connected Devices in Global Internet of Things (IoT) by Geographic RegionGrowing Prominence of Wearable Tech in Healthcare Propels Market GrowthGlobal Digital Healthcare Opportunity (in US$ Billion) for the Years 2017, 2019, 2022, 2024 and 2026Chronic Diseases Management: A Key Focus AreaNeed for Continuous Monitoring of Elderly Patients as Part of Chronic Disease Management Drives GrowthRising Consumer Awareness about Health & Fitness Spells Growth for WearablesPotential Role for Wearable Electronics in Patient Monitoring and Tracking SystemsSmart Clothing Gains Acceptance in Neonatal MonitoringWearables Technology Makes Diabetes ManageableRising Diabetes Prevalence Presents Opportunity for Wearable Electronics Market: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2019 and 2045ECG Monitoring Wearables: A Promising Area of GrowthIncreasing Significance of Wearables in Pain ManagementWearable Sleep Monitoring TechnologyWearable EEG MonitorsSmart Medical Textile Garments: An Emerging Area of InterestWrist Wear: A Revolutionary Wearable Phenomenon Fuels GrowthHybrid Smartwatch Sales Drive Market GrowthSmart Glasses for Multiple Industry ApplicationsWith Wearable Computing Gaining Mainstream Attention, the Time is Ripe for Mobility in the Realm of Augmented RealityGrowing Technology & Commercialization Activity Surrounding AR to Benefit Development of Smart AR GlassesActivity Trackers to Lead Growth in Wearable Sports and Fitness Devices MarketA Comparative Review of Popular Fitness TrackersIncreasing Obesity Levels Underpin Market GrowthSmart Clothing Transforming the Wearable Technology Products MarketSmart Fabrics: The Next Big Wave of WearablesNovel Opportunities for Smart Fabrics across Various SectorsHealthcareTransportationSports & FitnessWorkwearMicroencapsulation & Nanotechnologies: Harbingers of Future GrowthHearables, the Smart Headphones, Come to the ForeIncreasing Popularity of Wearables in Infotainment & Gaming IndustryEnterprise Applications of Wearables Present Growth Potential for Wearable Electronics MarketWearable Technology Boosts CRMRising Adoption of Wearable Technology in Industrial Sector Drives GrowthCloud Computing Drives the Momentum in Wearable Electronics MarketCombination of AI and Wearable Technology Transforms the Wearable Electronics MarketGlobal Market for Wearable AI in US$ Billion for the Years 2018, 2020, 2022 and 2024Development of Low Power Electronics: An Opportunity for Wearable Electronics MarketUltra-low Power Microcontrollers Extend Battery Life of High-Performing, New Generation Wearable Devices: Global Ultra-low Power Microcontroller Market (In US$ Billion) for the Years 2018, 2020, 2022 & 2025A Peek into Enabling TechnologiesTechnical Aspects of Wearable DevicesSensor Integration for Advanced Wearable TechnologyBattery Power: An Important Criterion for SuccessTechnology Advancements Power Wearable Electronics MarketCollaboration Vital for Innovations in Wearable TechKey Challenges Confronting Wearable Electronics MarketCommon Issues with Wearable ElectronicsWearables Attract Venture Capital Funding

FOCUS ON SELECT PLAYERS (Total 133 Featured)

Apple, Inc. (USA)Bose Corporation (USA)Epson America, Inc. (USA)Fitbit, Inc. (USA)Garmin Ltd. (USA)Huawei Technologies Co., Ltd. (China)Infineon Technologies AG (Germany)LG Electronics, Inc. (South Korea)Lifesense Group B.V. (The Netherlands)Lumus Ltd. (Israel)Misfit, Inc. (USA)Qualcomm Technologies, Inc. (USA)ReSound (Denmark)Samsung Electronics Co., Ltd. (South Korea)Shimmer Research, Inc. (Ireland)Sony Corporation (Japan)Texas Instruments, Inc. (USA)Titan Industries Ltd. (India)Vuzix Corporation (USA)Xiaomi Corporation (China)

For more information about this report visit https://www.researchandmarkets.com/r/4lic87

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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TrailIntel Acquires GPS Trailmasters Software Platform to Advance Next-Generation Outdoor Navigation

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This advancement significantly expands the capabilities available to riders, introducing a more powerful, connected, and scalable navigation experience across Garmin, Mobile and Web.

STRONG, Maine, April 23, 2026 /PRNewswire-PRWeb/ — TrailIntel, the industry’s leading vertically integrated outdoor technology platform, today announced the acquisition and integration of GPS Trailmasters’ Garmin and mobile software products. This milestone builds on the longstanding relationship between the two companies and marks a significant step forward in delivering a more connected, intuitive, and scalable navigation experience for outdoor enthusiasts across North America.

“This is a major leap forward for outdoor recreation,” said Brian Gavin, Co-Founder of TrailIntel. “We’re preserving trusted mapping while delivering a more connected, simplified navigation experience on and off the trail.”

For over 18 years, GPS Trailmasters has been a trusted leader in electronic trail mapping, known for delivering highly accurate and reliable data to riders throughout the Northeastern United States. By integrating this proven dataset into TrailIntel’s modern platform, the combined solution introduces enhanced functionality, real-time capabilities, and a streamlined user experience across both Garmin and mobile devices.

TrailIntel’s mission is to deliver a complete, easy-to-use platform that connects planning, navigation, real-time trail conditions, and community engagement—enhancing safety, simplifying operations, and improving the outdoor experience.

“The evolution of GPS Trailmasters into TrailIntel represents a major leap forward for the outdoor recreation industry,” said Brian Gavin, Co-Founder of TrailIntel. “We’re preserving the trusted mapping foundation riders rely on, while introducing a more powerful, connected experience that simplifies navigation and expands what’s possible both on and off the trail.”

As part of the transition, Eric Murphy, owner of GPS Trailmasters, joins TrailIntel as Chief Geospatial Officer, where he will lead mapping strategy, expansion, and ongoing data development across all supported regions. “I’ve always believed in building high-quality maps and strong relationships within the riding community,” said Murphy. “With TrailIntel, we’re able to take everything GPS Trailmasters has built and scale it nationally, while continuing to deliver the same level of quality, service, and trust our customers expect.”

What This Means for Riders. The integration delivers a seamless upgrade for existing GPS Trailmasters customers, while introducing new capabilities across the TrailIntel platform: for Garmin users: simplified installation and map updates, expanded device compatibility, automatic route syncing from TrailIntel, streamlined experience with no third-party software required.

For Mobile Users: Real-time trail updates and conditions, offline navigation and breadcrumb tracking, turn-by-turn routing, community-driven insights and shared content advancing the outdoor experience.

The combination of GPS Trailmasters’ trusted mapping data with TrailIntel’s modern technology platform creates a comprehensive solution designed to serve the entire outdoor ecosystem: riders gain better planning tools, safer navigation, and more confidence on the trail. Clubs benefit from improved tools to manage, maintain, and grow their trail systems. Businesses and communities gain increased visibility and new opportunities driven by outdoor tourism

A key initiative of TrailIntel is continuing to support the organizations that sustain outdoor recreation, including opportunities to drive engagement and funding back to local clubs and trail systems.

Expanded Role for GPS Trailmasters. GPS Trailmasters will continue to operate under its brand, taking on an expanded role focused on nationwide hardware distribution and support, including: garmin device sales, ride Ready tablets, mounting systems and accessories.

This evolution allows GPS Trailmasters to extend its reach beyond the Northeast while supporting the growing demand for integrated hardware and software solutions.

A Pivotal Moment for Outdoor Recreation. The integration represents a long-term investment in the future of outdoor navigation, one that prioritizes accuracy, usability, and real-time connectivity. By combining legacy expertise with modern technology, TrailIntel is redefining how riders discover, plan, and experience the outdoors.

About TrailIntel:

TrailIntel is the industry’s first vertically integrated outdoor technology platform, designed to connect riders, clubs, businesses, and first responders through mapping, navigation, and real-time data. The platform delivers a seamless experience across mobile, web, and Garmin devices, helping users plan smarter and explore with confidence. For more information about TrailIntel, visit www.trailintel.com and follow along on Facebook and Instagram at @TrailIntel.

About GPS Trailmasters:

GPS Trailmasters has been a trusted provider of trail mapping technology for over 18 years, delivering high-quality GPS-based navigation solutions for snowmobile and ATV riders. The company will continue operations as a leading hardware provider supporting the TrailIntel ecosystem. For more information about GPS Trailmasters, visit www.gpstrailmasters.com and follow along on Facebook.

Media Contact

Brian Gavin, Trailintel, 1 207-241-4745, brian@trailintel.com, trailintel.com

View original content:https://www.prweb.com/releases/trailintel-acquires-gps-trailmasters-software-platform-to-advance-next-generation-outdoor-navigation-302750997.html

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Z3 Technology Enables Rapid Project Development with the EXOSENS MicroCube XP Thermal Cores

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LINCOLN, Neb., April 23, 2026 /PRNewswire/ — Z3 Technology, LLC, a leader in embedded camera encoding systems, today announces the release of our CIB-EX22 Camera Interface Board, which enables direct control and power to the EXOSENS MicroCube 640 XP shutterless thermal camera from Z3 OEM Video Encoder solutions through an LVDS digital video output connector, via 30-pin KEL cable. Jumpstart your camera system development with Z3’s cutting-edge hardware encoding technology for real-time video streaming.

Designed for efficiency and performance, our video encoders combine top-tier video compression and ultra-low bandwidth usage into a solution consuming <5W of power. Full camera and encoder control is available through serial or remote APIs, while multiple UART and GPIO interfaces enable seamless integration with external devices such as pan/tilt mounts, heater and wiper triggers, GPS, and range finders. User custom development is supported through our comprehensive SDK and OEM Starter Kits, allowing for rapid adaptation of evolving mission requirements. Hardware Specification documents, 3D model files, and interface schematics are available upon request to accelerate development progress. Z3 Technology solutions support simultaneous video streaming and recording across a wide range of camera models, delivering flexible, reliable video performance at the tactical edge.

“Z3 Technology is excited to announce our support of EXOSENS MicroCube XP series of shutterless thermal camera cores. Our new CIB-EX22 will enable seamless integration and control via our series of Z3 OEM Video Encoders for numerous markets including unmanned vehicles, security, surveillance, and remote sensing,” said Aaron Caldwell CEO of Z3 Technology, LLC.

Our miniature Q603 product line is the perfect platform to compliment efforts that the EXOSENS team has shown, considering the minimal footprint design of the MicroCube 640 XP. Development teams contemplating the addition of a 2nd thermal sensor or a visible zoom block camera should look no further than our FV2K and FV4K models, which have an additional video input for dual camera streaming up to 4Kp30. Proven product applications include camera systems in industries like Security & Surveillance, Unmanned Systems, and Military Video Solutions.

“In a win-win approach, this first bundle CIB-EX22 / MicroCube 640 XP values the true SWaP approach of EXOSENS LWIR thermal cores, required for highly integrated electro-optic systems,” said Mr. Guillaume Bunoz, Executive General Manager of EXOSENS Advanced Imaging Business Unit. “Microcube XP features many USPs (e.g. 1pt-NUC shutterless, tunable functions, OSD, low latency) that make it successful, especially in UAS market segment. This bundle with Z3 enables users to easily implement the DV CMOS 16 bits variant, beside the existing popular MIPI and UVC product versions of the MicroCube 640 XP.”

Explore What’s Possible with Z3 Technology
All Z3 video solutions are Made in the USA and fully compliant with NDAA, TAA, REACH, and RoHS requirements. Product design and manufacturing are performed by Z3 Technology, LLC, an ISO 9001–certified manufacturer.

Z3’s flexible embedded video encoder solutions can help power your next innovation. Learn more about our hardware encoding solutions and contact us to discuss your integration needs.

For more information on Z3 Technology’s SD to 4K Embedded Encoders and Camera Solutions, contact us today. Email sales@z3technology.com or visit our website at https://z3technology.com/products/oem/ to explore available options.

All product and company names mentioned within are trademarks™ or registered® trademarks of their respective owners.

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CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace

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Ensight, a leading digital sales acceleration platform for life, long-term care (LTC), and annuity insurance, today announced that CareScout Care Assurance, the inaugural long-term care insurance solution from CareScout Insurance Company (CareScout), is now available on its Intelligent Quote Platform.

SAN DIEGO, April 23, 2026 /PRNewswire-PRWeb/ — Ensight, a leading digital sales acceleration platform for life, long-term care (LTC), and annuity insurance, today announced that CareScout Care Assurance, the inaugural long-term care insurance solution from CareScout Insurance Company (CareScout), is now available on its Intelligent Quote Platform. This partnership marks a significant milestone for CareScout, signaling its rapid growth and commitment to a more integrated model for planning, finding, and funding care.

“By expanding access to Care Assurance through the Ensight platform, we’re making it easier for families to plan, navigate, and pay for long-term care in a more connected way.”

CareScout Care Assurance is a simple, personalized LTC insurance solution designed to help protect clients and their families from future care costs. When choosing CareScout, policyholders gain access to a unified ecosystem that brings together financial protection, expert guidance, and connections to trusted care providers – supporting families across every stage of the aging journey.

“CareScout represents an important and unique value-added addition to the growing range of solutions available in the long-term care market,” said Bill Unrue, CEO of Ensight. “We are thrilled to add the CareScout Care Assurance solution to the Ensight Intelligent Quote marketplace, providing distributors and financial professionals access to a holistic insurance product that expands the value of financial protection with additional integrated services.”

A modern LTC solution built for families, not just policyholders:

Care Assurance connects policyholders and their families to CareScout’s platform, helping them navigate care decisions, identify quality providers, and access trusted resources. This integrated approach reflects CareScout’s belief that insurance alone is incomplete without services, and that families benefit most when coverage, navigation, and support are unified.

“Families don’t experience aging or caregiving in silos,” said Samir Shah, CEO of CareScout. “By expanding access to Care Assurance through the Ensight platform, we’re making it easier for families to plan, navigate, and pay for long-term care in a more connected way.”

Supporting advisors in a changing long-term care landscape:

Ensight’s Intelligent Quote Platform enables financial professionals to efficiently illustrate and compare life, LTC, and annuity products while supporting more informed client conversations. With the addition of CareScout Care Assurance, Ensight’s growing distributor community gains access to an innovative solution built for today’s realities: rising longevity, increasing caregiving responsibilities, and families seeking clarity across planning, care, and funding.

About Ensight™

Ensight™ is the leading cloud-based insurance sales acceleration platform for more than 500 life, long-term care (LTC) and annuity distributors, thousands of financial professionals, as well as many of the largest North American insurance carriers. Headquartered in San Diego, California, Ensight helps drive sales growth and productivity, while addressing the entire sales lifecycle experience – from prospect to policyholder, new business to inforce.

To learn more about Ensight, visit https://www.ensightcloud.com/

About CareScout

CareScout helps older adults and their families navigate the aging journey, find, and fund quality care. Inspired by a mission to simplify and dignify the aging experience, we’re building an integrated ecosystem of care and funding solutions. To learn more about CareScout, visit www.CareScout.com. CareScout is a wholly owned subsidiary of Genworth Financial, Inc. (NYSE: GNW). CareScout is the marketing name for CareScout Holdings, Inc., its affiliates and entities. Affiliates and entities are solely and separately responsible for their own financial and contractual obligations.

Media Contact
Matt Essick, Ensight, 1 (619) 430-0587, messick@ensightcloud.com, https://ensightcloud.com
Evans Mandes, CareScout, 1 804-629-6582, evans.mandes@carescout.com, https://www.carescout.com/ 

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