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Wearable Technology Market worth $265.4 billion by 2026 - Exclusive Report by MarketsandMarkets
Wearable Technology Market by Product (Wristwear, Headwear, Footwear, Fashion & Jewelry, Bodywear), Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial), and Geography - Global Forecast to 2026 , published by MarketsandMarkets, the market size is projected to grow from USD 116.2 billion in 2021 to USD 265.4 billion by 2026; it is expected to grow at a CAGR of 18.0% from 2021 to 2026. The key factors contributing to the growth of the wearable technology market include consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays in wearable devices, and the growing popularity of IoT and connected devices. However, the shorter life cycle of the electronics market is the key restraint for the growth of the wearable technology market. Conversely, the adoption of wearables in multiple application