Garmin’s (NYSE: GRMN) Q4 results and 2025 guidance sent its shares to new highs because of broad-based strength centered in consumer products. Its fitness and outdoor segments led with high double-digit growth driven by demand for wearables across categories.
Wearables, or technology used while worn, range from watches to jewelry, glasses, and VR headsets and are a large and fast-growing segment. Estimated to be worth upwards of $70 billion at the end of 2024, the wearables market is forecasted to grow at a mid-teens or higher CAGR through the middle of the next decade, a significant tailwind for the company and its competitors.
