Investment Rating - The report rates the smart sports wearable device industry with a positive outlook, indicating a compound annual growth rate (CAGR) of 19.04% from 2019 to 2024 and a projected CAGR of 9.85% from 2025 to 2029 [4][49]. Core Insights - The smart sports wearable device market in China is expected to grow from 21.65 billion yuan in 2019 to 54.47 billion yuan in 2024, and further from 59.24 billion yuan in 2025 to 86.27 billion yuan in 2029 [4][49]. - Future competition in the smart sports wearable device market will shift towards ecological collaboration, with brands focusing on niche markets and enhancing product differentiation through technological innovation and improved user experience [4]. Industry Definition - Smart sports wearable devices are portable smart devices that can be worn on the body or integrated into clothing or accessories, utilizing sensors and wireless communication for health monitoring and user interaction [5]. Industry Classification - The classification of smart sports wearable devices is based on functionality, wearing position, and application fields [6]. Market Characteristics - The industry is characterized by diverse consumer demands, a strong emphasis on health management functions, and intense market competition [17][18][20]. Historical Development - The industry has evolved from simple pedometers in the 1980s to a wide range of devices including smartwatches and smart clothing, with significant advancements in technology and market acceptance [21][24]. Market Size and Growth - The market size for smart sports wearable devices is projected to increase significantly, driven by the growing consumer focus on health and the integration of wearable devices into healthcare systems [49][53]. Application Scenarios - The penetration of smart wearable devices in medical settings is experiencing explosive growth, with medical institutions' procurement share expected to rise from 12% in 2020 to 34% in 2025 [53]. Technological Innovations - Innovations in multi-spectral sensing technology are enabling devices to process various health metrics simultaneously, enhancing their utility in professional sports and healthcare [54]. Industry Chain Analysis - The industry chain consists of upstream components (sensors, chips), midstream manufacturing, and downstream sales and service, with significant challenges in component sourcing and cost pressures [28][29][30].