Wearable Gaming Market Report 2024 (Global Edition)

Global Wearable Gaming Market Report 2024 Market Size Split by Type (VR Headset, Eyewear, Smart Glasses, Body Suit/Bodywear, Controller/Handwear, Software/Content), by Age Group (Under 15, 15-30, 30-4...

Wearable Gaming Market Report Description

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Competitive Landscape of the Wearable Gaming Market

The competitive landscape of the wearable gaming market is dynamic, with companies continuously seeking to outdo each other through technological advancements and strategic partnerships. The market is expected to grow as VR and AR technologies become more mainstream, prices of devices decrease, and consumer interest in immersive gaming experiences increases.

July 2023: Samsung Electronics and the National Sleep Foundation have stepped up their partnership to combat the rise in sleep disorders using new technologies. The tech company will use NSF information to improve its wearable innovations. (Source: https://www.thenationalnews.com/business/technology/2023/07/28/samsung-and-national-sleep-foundation-boost-partnership-to-develop-more-sleep-technologies/)

Top Companies Market Share in Wearable Gaming Industry: (In no particular order of Rank)

• ICAROS
• Cyberith
• Zero Latency
• Avegant
• HTC
• Microsoft
• Asus
• Sony
• Razer
• Teslasuit
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Wearable Gaming Market

Which Region Dominates the Wearable Gaming Market in 2024?

According to Cognitive Market Research, North America leads the Wearable Gaming Market primarily due to several key factors. Firstly, the region boasts a robust technological infrastructure and a high adoption rate of wearable devices among consumers. Secondly, North America is home to major players in the gaming industry, fostering innovation and driving the development of wearable gaming technology. Additionally, strong consumer purchasing power and a culture that embraces new tech trends contribute significantly to market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is emerging as the fastest-growing region in the Wearable Gaming Market due to several pivotal factors. Firstly, the region houses a vast and increasingly affluent population, eager to adopt new technologies including wearable gaming devices. Secondly, rising disposable incomes and a youthful demographic inclined towards gaming contribute to market expansion. Additionally, advancements in mobile technology and widespread internet penetration enhance accessibility to wearable gaming products across diverse markets.

 

The current report Scope analyzes Wearable Gaming Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wearable Gaming

According to Cognitive Market Research, the global Wearable Gaming market size was estimated at USD 20541.2 Million,out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8216.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.3%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Wearable Gaming market with a market size of USD 6482.80 million in 2024 and is projected to grow at a CAGR of 13.1% during the forecast period. The demand is amplified by the nation's increasing consumer demand for immersive gaming experiences and technological advancements in wearable devices.
• The Canada Wearable Gaming market had a market share of USD 985.98 million in 2024 and is projected to grow at a CAGR of 14.1% during the forecast period. Canada's increasing consumer demand for immersive gaming experiences and technological advancements in wearable devices to increased usage of Wearable Gaming.
• The Mexico Wearable Gaming market is projected to witness growth at a CAGR of 13.8% during the forecast period,with a market size of USD 747.70million in 2024.

Europe Wearable Gaming

According to Cognitive Market Research, the global Wearable Gaming market size was estimated at USD 20541.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 6162.36million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6%from 2024 to 2031.

• The United Kingdom Wearable Gaming market had a market share of USD 1035.28million in 2024 and is projected to grow at a CAGR of 14.4%during the forecast period. In the UK, Wearable Gaming sales witness an upswing due to the nation's burgeoning interest in interactive and mobile gaming experiences.
• The France Wearable Gaming market is projected to witness growth at a CAGR of 12.8%during the forecast period, with a market size of USD 566.94million in 2024.
• According to Cognitive Market Research, the Germany Wearable Gaming market size was valued at USD 1220.15million in 2024 and is projected to grow at a CAGR of 13.8% during the forecast period. In Germany, Wearable Gaming sales surged due to the burgeoning interest in interactive and mobile gaming experiences.
• The Italy Wearable Gaming market is projected to witness growth at a CAGR of 13.0%during the forecast period,with a market size of USD 529.96million in 2024.
• The Russia Wearable Gaming market is projected to witness growth at a CAGR of 12.6% during the forecast period,with a market size of USD 955.17 million in 2024.
• The Spain Wearable Gaming market is projected to witness growth at a CAGR of 12.7%during the forecast period with a market size of USD 505.31 million in 2024
• The LuxembourgWearable Gaming market is projected to witness growth at a CAGR of 13.7%during the forecast period, with a market size of USD 191.03million in 2024.
• The PortugalWearable Gaming market is projected to witness growth at a CAGR of 13.4%during the forecast period, with a market size of USD 129.41million in 2024.
• The GreeceWearable Gaming market is projected to witness growth at a CAGR of 13.9%during the forecast period, with a market size of USD 73.95million in 2024.
• Rest of Europe'sWearable Gaming market is projected to witness growth at a CAGR of 12.3%during the forecast period, with a market size of USD 955.17million in 2024.

Asia Pacific Wearable Gaming

According to Cognitive Market Research, the global Wearable Gaming market size was estimated at USD 20541.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 4724.48million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.1%from 2024 to 2031.

• According to Cognitive Market Research, the China Wearable Gaming market size was valued at USD 2126.01 million in 2024 and is projected to grow at a CAGR of 16.6% during the forecast period. Wearable Gaming sales surge in China due to the rapid expansion driven by a combination of technological innovation.
• The Japan Wearable Gaming market is projected to witness growth at a CAGR of 15.6%during the forecast period,with a market size of USD 651.98 million in 2024.
• The India Wearable Gaming market had a market share of USD 566.94 million in 2024 and is projected to grow at a CAGR of 18.9% during the forecast period. India's rapid expansion driven by a combination of technological innovation.
• The South Korea Wearable Gaming market is projected to witness growth at a CAGR of 113.3% during the forecast period, with a market size of USD 472.45million in 2024.
• The Australia Wearable Gaming market is projected to witness growth at a CAGR of 16.8% during the forecast period,with a market size of USD 245.67 million in 2024.
• The South East Asia Wearable Gaming market is projected to witness growth at a CAGR of 18.1%during the forecast period, with a market size of USD 325.990020million in 2024.
• The Rest of Asia Pacific Wearable Gaming market is projected to witness growth at a CAGR of 16.9%during the forecast period, with a market size of USD 335.44million in 2024.

South America Wearable Gaming

According to Cognitive Market Research, the global Wearable Gaming market size was estimated at USD 20541.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1027.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Wearable Gaming market size was valued at USD 439.58million in 2024 and is projected to grow at a CAGR of 15.1% during the forecast period. Wearable Gaming sales flourish in Brazil due to the increasing digital connectivity and a rising interest in gaming among younger demographics.
• Argentina Wearable Gaming market had a market share of USD 172.55million in 2024 and is projected to grow at a CAGR of 15.4% during the forecast period. Argentina's increasing digital connectivity and a rising interest in gaming among younger demographics.
• Colombia Wearable Gaming market is projected to witness growth at a CAGR of 14.3% during the forecast period with a market size of USD 91.41 million in 2024.
• Peru Wearable Gaming market is projected to witness growth at a CAGR of 14.7% during the forecast period with a market size of USD 84.22 million in 2024.
• Chile Wearable Gaming market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 73.95million in 2024.
• The Rest of Latin America Wearable Gaming market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 165.36million in 2024.

Middle East and Africa Wearable Gaming

According to Cognitive Market Research, the global Wearable Gaming market size was estimated at USD 20541.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 410.82million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7%from 2024 to 2031.

• The GCC Countries Wearable Gaming market is projected to witness growth at a CAGR of 15.6% during the forecast period with a market size of USD 175.83 million in 2024. Wearable Gaming sales flourish due to the increasing digital adoption and a burgeoning youth population with a strong interest in gaming.
• The Egypt Wearable Gaming market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 43.14 million in 2024.
• The South Africa Wearable Gaming market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD 64.91 million in 2024. Wearable Gaming sales flourish in South Africa due to the increasing digital adoption and a burgeoning youth population with a strong interest in gaming.
• The Turkey Wearable Gaming market is projected to witness growth at a CAGR of 14.3%during the forecast period, with a market size of USD 35.33 million in 2024.
• The Nigeria Wearable Gaming market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 43.14 million in 2024.
• The Rest of MEA Wearable Gaming market is projected to witness growth at a CAGR of 13.8% during the forecast period,with a market size of USD 48.48million in 2024.

Wearable Gaming Market Analysis

Wearable Gaming MarketTypeSegment Analysis

According to Cognitive Market Research, Smart glasses have emerged as the dominating category in the wearable gaming market. These devices integrate advanced augmented reality (AR) capabilities, offering users an immersive gaming experience that blends virtual elements with the real world. The dominance of smart glasses is fueled by their versatility, catering not only to gaming but also to a wide range of applications such as navigation, communication, and productivity enhancement. Their sleek design and hands-free operation appeal to consumers looking for seamless integration of gaming into daily activities.

Body suits or bodywear represent the fastest-growing category in the wearable gaming market. These innovative garments are equipped with sensors and actuators that provide haptic feedback and motion capture capabilities, enhancing immersion and realism in gaming experiences. The growing popularity of bodywear can be attributed to the increasing demand for tactile feedback and full-body interaction in virtual environments. Gamers seek more immersive experiences beyond visual and auditory stimulation, driving the adoption of body suits that replicate physical sensations and movements.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wearable Gaming Industry. Request a Free Sample PDF!

Wearable Gaming Market Age Group Segment Analysis

According to Cognitive Market Research, the 15-30 age group stands out as the dominating category in the wearable gaming market. This demographic is characterized by a strong affinity for technology and gaming, driving the adoption of wearable gaming devices such as VR headsets and smart glasses. Young adults and teenagers within this age range are early adopters of new gaming technologies, seeking immersive and interactive experiences that traditional gaming platforms may not fully provide. Their familiarity with digital interfaces and willingness to invest in gaming peripherals contribute to the dominance of this age group.

The above 45 age group is emerging as the fastest-growing category in the wearable gaming market. This demographic shift is driven by several factors, including increased leisure time, improved affordability of gaming devices, and a growing appreciation for health and cognitive benefits associated with gaming. Wearable gaming devices such as controllers and handwear are gaining traction among older adults seeking to maintain mental agility and engage in recreational activities. Additionally, the pandemic has accelerated digital adoption across age groups, making older adults more comfortable with technology-enabled entertainment options.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Wearable Gaming Gender Segment Analysis

Gender Segment Analysis

According to Cognitive Market Research, males dominate as the primary category of users. This dominance stems from historical trends where gaming has traditionally been more popular among males, shaping preferences and driving adoption of wearable gaming technologies such as VR headsets and controllers. Males often gravitate towards immersive gaming experiences that offer advanced graphics, intense gameplay, and competitive multiplayer options. Moreover, the cultural perception of gaming as a predominantly male activity has influenced product development and marketing strategies, further reinforcing their dominance in the market.

The females represent the fastest-growing category in the wearable gaming market. This shift is driven by increasing inclusivity efforts within the gaming industry, as well as a rise in female gamers seeking engaging and interactive experiences. Wearable gaming devices such as smart glasses and body suits appeal to females looking for immersive storytelling, social interaction, and creative gameplay opportunities. Moreover, advancements in game design that cater to diverse interests and preferences have contributed to the growing adoption among females.

• Male
• Female

Wearable Gaming Distribution Channel Segment Analysis

According to Cognitive Market Research, Online distribution channels dominate the wearable gaming market due to their convenience, global reach, and extensive product offerings. Online platforms such as e-commerce websites and digital storefronts offer a wide selection of wearable gaming devices including VR headsets, smart glasses, and bodywear, catering to tech-savvy consumers seeking the latest innovations. The dominance of online channels is further propelled by the ease of comparison shopping, customer reviews, and promotional discounts that attract a broad demographic of gamers.

The offline distribution channels are experiencing the fastest growth in the wearable gaming market. Brick-and-mortar retail outlets, specialty gaming stores, and electronics chains are capitalizing on the tactile experience and personalized customer service they offer. Offline channels provide hands-on demonstrations, allowing consumers to test and experience wearable gaming devices firsthand before making a purchase. This physical interaction is particularly appealing for consumers new to wearable technology, as it helps build trust and confidence in the product.

• Online
• Offline

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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