October 2026
Largest Wearables Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Apple, Samsung, Garmin, Huaqin Technology and Goertek.
 | Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple’s iPhone makes up a majority of the firm sales, and Apple’s other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple’s sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution. | $337 | +25% | $4.9T | $4.9T | 11.9x | 34.2x | ||
 | Samsung Electronics is a South Korean public technology manufacturer incorporated in 1969 and headquartered in Suwon. Its Device eXperience division sells smartphones, televisions, home appliances, computers and network products to consumers and enterprise customers. The Device Solutions division manufactures memory, logic and other semiconductor products, while Samsung Display produces display panels and Harman supplies automotive electronics and connected-audio systems. The company earns revenue from product sales, components, licensing and related services across a worldwide manufacturing and distribution network. Samsung Electronics listed in Korea in 1975 and operates through hundreds of subsidiaries and regional organisations. It also makes strategic and venture investments that support technologies relevant to semiconductors, devices, artificial intelligence, robotics and its broader product ecosystem. | $195 | +160% | $1.2T | $1.1T | 4.5x | 16.4x | ||
| Garmin is an American multinational technology company that designs, manufactures and sells GPS-enabled devices and related software for the fitness, outdoor, automotive, aviation and marine markets. It was founded in October 1989 as ProNav in Lenexa, Kansas, by Gary Burrell and Min Kao, who is chairman, and has had its corporate headquarters in Olathe, Kansas, since 1996, while its legal domicile has been Schaffhausen, Switzerland, since 2010; Cliff Pemble is president and chief executive. Its products include running and multisport watches, cycling computers, wearables, handheld GPS units, avionics and flight decks, marine chartplotters, fish finders and automotive systems, supported by the Garmin Connect platform and subscription services. Garmin is listed on the New York Stock Exchange as GRMN and is in the S&P 500. In 2025 it generated revenue of $7.25 billion, operating income of $1.88 billion and net income of $1.66 billion, with nearly 23,000 employees in 34 countries. It earns revenue mainly from product sales to consumers and to aircraft, boat and car makers, plus subscriptions. It has made many bolt-on acquisitions, including Navionics, Firstbeat Analytics, JL Audio, MyLaps and, in 2026, TrainingPeaks and TrainHeroic. | $268 | +25% | $52B | $49B | 6.8x | 23.7x | ||
 | Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing, and operation of intelligent hardware products. The company operates four businesses: smart terminal business; high-performance computing business; automotive electronics and industrial products business; and artificial intelligence & internet of things (AIoT) business. | $11 | +9% | $16B | $16B | 0.6x | 18.3x | ||
| Goertek Inc is a China-based company engaged in precision components, intelligent acoustic devices, and intelligent hardware. Its products include miniature speakers, speaker modules, wireless charging devices, antennas, micro-nano optical components, MEMS sensors, microsystem modules, precision structural parts, smart wireless earphones, smart speakers, VR, MR, and AR devices, smart wearables, gaming consoles and accessories, and other smart home products. | $3 | -30% | $11B | $12B | 0.8x | 9.7x | ||
| Huaqin Co Ltd, along with its subsidiaries, is principally engaged in design, development, manufacture and sales of smart products, including mobile terminals, computing and data center business, AIoT, and communication systems. Its product offerings include mobile devices, computing and data center solutions, AIoT products, and other related technologies. The company generates the majority of revenue from mobile terminals, which include smartphones, tablets and smart wearables. | IoT+4 | $7 | -- | $11B | $13B | 0.5x | 14.0x | |
 | GN Store Nord is a Danish company offering medical and audio solutions. The group comprises three businesses: hearing (about 40% of sales), enterprise (40%), and gaming (20%). GN Hearing offers hearing aids and competes globally with Sonova, Demant, Starkey, and WS Audiology (formerly Sivantos and Widex). GN Enterprise provides headsets and speakerphones to the enterprise market, including contact centers and offices. GN recently acquired SteelSeries, a provider of gaming accessories such as headsets and keyboards, thereby forming the gaming division. The company has positioned itself as a major player in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing, Jabra in headsets, and SteelSeries in gaming. | $16 | -8% | $2.4B | $3.8B | 1.5x | 10.3x | ||
 | HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company’s operations are mainly in the research, design, manufacture and sale of virtual reality devices and smart mobile devices, which accounts for majority of the total revenue. | $1 | -19% | $1.1B | $679M | 7.5x | 30.2x | ||
| Yunding Technology Co Ltd is a high-tech company focusing on the intelligent industry of the energy industry. It focuses its development strategy on the field of industrial Internet services and develops in-depth in the field of mining industrial intelligence and coal gasification technology, providing customers with integrated system research and development, design, operation, and maintenance. | IoT+1 | $1 | -18% | $886M | $825M | 3.6x | 37.9x | |
 | Catapult is a Melbourne sports-technology company founded by Shaun Holthouse and Igor van de Griendt to commercialise athlete-monitoring research originating at the Australian Institute of Sport and Cooperative Research Centres. Its performance stack combines wearable tracking devices, athlete-management software and video analytics for professional teams and sporting organisations. Coaches, sports scientists and medical staff use the products to measure workload, movement, training response and injury risk and to review tactical video. Catapult sells connected hardware and recurring software subscriptions to elite clubs, leagues and national programmes. Aura reports that the company works with more than 3,800 teams across over 40 sports, while the current company profile reports more than 5,000 teams. Catapult listed on the Australian Securities Exchange in 2015 and has expanded through acquisitions and product development. | $2 | -49% | $709M | $660M | 4.7x | 44.6x | ||
| Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes. | $15 | -30% | $235M | $217M | 62.7x | (33.8x) | ||
| Vuzix Corp is engaged in the design, manufacture, and marketing of Artificial Intelligence (AI)-powered Smart Glasses, Waveguides, and Augmented Reality (AR) technologies. Its solutions serve the enterprise, medical, defense, security, and select consumer markets, offering cutting-edge wearable computing and display technologies that enhance productivity and operational efficiency. Its products include near-eye displays (NEDs), heads-up displays (HUDs), and wearable computing devices. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, the Netherlands, and other countries. | VR & AR+2 | $3 | -24% | $216M | $210M | 33.4x | (7.2x) | |
| Mitac Digital Technology Corp is a holding company that is engaged in the development, design, manufacturing, and sales of automotive electronics, smart IoT, and industrial computer products. | $1 | -- | $134M | $45M | 0.2x | 3.4x | ||
 | Xplora Technologies is an Oslo consumer-technology company established in 2016 and listed on the Oslo market. It develops connected smartwatches for children, mobile connectivity plans and premium software services intended to support communication, location awareness and physical activity. Families buy the devices through online, retail and telecom channels and can add recurring connectivity and activity-platform subscriptions. Xplora also operates as a mobile virtual network operator in several markets, allowing it to bundle hardware with mobile service without owning radio networks. The company earns revenue from device sales, subscriptions, value-added services and selected business-to-business licensing relationships. Its operations extend across the Nordic region, continental Europe, the United Kingdom and the United States. Xplora expanded through acquisitions including Tinitell's assets in 2018 and later Doro, broadening its addressable market from children toward youth and seniors. | $2 | -47% | $114M | $164M | 0.8x | 11.9x | ||
 | Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. | $4 | -91% | $55M | $231M | 0.9x | (8.6x) | ||
| Mobvoi Inc is engaged in providing AIGC solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of business. The company is engaged providing hardware and software integrated AI products and services to enterprises and consumers across multiple countries and regions. Its business segments consist of AI Software Solutions, which comprise AIGC solutions and AI enterprise solutions; and AI Hardware includes the sale of smart devices and other accessories. Key revenue is generated from AI Hardware Solutions. The company geographically operates in Mainland China, Germany, and Other Countries. | $0 | -56% | $54M | $32M | ||||
 | Tobii AB, along with its subsidiaries, provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, Asia/Oceania, and Other countries. It derives a majority of revenue from the USA. | $0 | -38% | $27M | $80M | ||||
| Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products include Lucyd Lyte, Nautica, Eddie Bauer, Lucyd Armor line, and Reebok. | $1 | -41% | $8M | $4M | ||||
| Moadata Co Ltd is an artificial intelligence company advancing into various industrial fields by upgrading anomaly detection technology. Its anomaly detection technology is being applied to ICT infrastructure monitoring solutions and healthcare fields. The products of the company include PETAON Forecaster and Flofit. | $0 | -- | $7M | $44M | ||||
 | AMA Corp PLC specializes in the development of remote assistance, inspection, and training solutions involving connected glasses, a dedicated smartphone, and external video sources such as webcams, thermographic cameras, endoscopes, microscopes, and others. Geographically the company operates in Europe, which includes subsidiaries in France, Germany, the UK, Romania, Italy and Spain and which invoice customers in Europe; North America, which includes subsidiaries in the United States and Canada and which invoice customers in the North American area; and lastly Asia, which includes subsidiaries in Hong Kong, Shanghai and Japan and which invoice customers in the Asia area. | $0 | -36% | $7M | $8M | ||||
| HitIQ Ltd is engaged in providing software that delivers a platform for measuring and managing head impact exposures. The Portal allows users to quantify exposures across individual players, positions, drills and periods. These insights are used to identify, manage and manipulate contact drills to reduce head impact exposures. Its operating segment includes HITIQ Mouthguard Technology and CSX Concussion Assessment App. The company generates maximum revenue from the HITIQ Mouthguard Technology segment. | $0 | -65% | $4M | $8M | ||||
 | Wearable Devices Ltd develops and sells human-machine interface solutions for the smart wearables industry. These digital devices include consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, PCs, laptop computers, drones, robots, etc. The company has completed the transition phase from research and development to commercialization of technology into B2B and B2C products. Its products include Mudra Inspire, a band for the Apple Watch that allows touchless operation and control of Apple ecosystem devices such as iPhone, Mac computer, Apple TV, and iPad, inter alia. | $1 | -94% | $3M | - | ||||
| Median | $2 | -30% | $226M | $231M | 2.6x | 10.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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