Wearable technology forecasted to grow strongly through 2026
There is a new research report out by MarketsandMarkets, forecasting the wearable technology sector, including jewelry, to from $116.B to $265B over the next 5 years.
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"The wearable technology market for wristwear is expected to be valued at USD 77.9 billion in 2021, while headwear is expected to grow at the highest CAGR of 30.0% between 2021 and 2026. Wristwear gained importance because of its multi-functional applications. With the integration of advanced technologies, the wristwear segment currently provides opportunities for the wearable technology market and would continue to do so in the coming years as well. Moreover, wristwear, headwear & eyewear, and bodywear would be the best segments to invest in the next few years."