A new Counterpoint Research report predicts that consumer wearables will generate more than $1 trillion in cumulative revenue through 2032, with smartwatches and wireless earbuds leading the market.

The report forecasts that hearables will account for the largest share of cumulative revenue at roughly $360 billion, followed by smartwatches at $304 billion and smart eyewear at $168 billion. Smartwatches and TWS will together generate an estimated cumulative revenue of $558 billion between 2026 and 2032, supported by large installed bases, replacement demand, and integration with smartphone ecosystems.

Health patches are expected to generate another $120 billion, followed by smart rings at $44 billion, pendants at $24 billion, and fitness bands at $14 billion. The market is shifting from fitness trackers to preventive health, where devices flag problems before users notice them.

Apple already competes in the top two revenue-generating categories with AirPods and Apple Watch. The company reported $7.88 billion in revenue for its Wearables, Home and Accessories segment for fiscal Q3 2026, up 6% year over year.