Market size of smart wearables in China 2017-2023

In 2022, the size of the Chinese smart wearables market reached almost 81 billion yuan. According to the forecast, the industry value was projected to exceed 93 billion yuan by 2023. The shipment volume in 2022 amounted to 130 million units.

Wearables

Chinese smart electronic devices have developed past smartwatches and now include a wide array of consumer goods. In general, smart wearables describe electronic devices that can be worn on the body, mostly in the form of accessories. As computers have gotten smaller, manufacturers have been able to extend the product range. Types of smart wearables include fitness trackers, smart glasses, and smart clothing.

The smartification

The digitization trend has been a major driver of innovation in the consumer goods industry. Leveraging IoT, sensors, and embedded computing, consumers have connected home devices and household appliances to their smartphones or smartwatches. The leading Chinese electronics manufacturers have adapted their product lines accordingly and released their software infrastructure. It has led to significant growth in the smart home and smart device industry in China.