Global Smartwatch Market, By Product Type (Extension, Standalone and Classic/ Hybrid), Application (Personal Assistance and Safety, Health/ Wellness, Media And Entertainment, Sports, Communication and Others), Operating System (Wear OS, Watch OS, Firefox OS, Tizen, Asteroid OS, Sailfish OS, Ubuntu Touch and Others), Processor (Single-Core, Dual-Core, Quad-Core and Apple S1), RAM (512 MB, 1 GB, 2 GB, 3 GB and 4 GB), Display Type (OLED, LCD and Interferometric Modulator Display), Price Range (High-End Smartwatches, Mid-End Smartwatches and Low-End Smartwatches), Distribution Channel (Direct Sales, E-Commerce, Retail Stores and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The smartwatch market is expected to be growing at a growth rate of 21.00% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of smartwatch market. This rise in smartwatch market value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, increase in awareness about the benefits of wearing a smartwatch, increased sales of smartwatches owing to the growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income.
Smartwatches are the digital watches that can be easily connected to smartphones and tablets. Smartwatches provide a range of information to the wearer such as heart rate, daily footsteps, breathing rate, sleep analysis and so on.
Rising consumer preference for wireless fitness and sports devices especially in the developing economies and increasing personal disposable income are the major factors fostering the growth of the market. Continuous advancement in digital wearable technologies, surge in the preference by young generation, rising health awareness among the individuals are some other indirect market growth determinants. Growing penetration of e-commerce platforms, increased inclination towards purchasing new and trending products, shifting consumer lifestyle and rising globalization and westernization will also create lucrative and remunerative market growth opportunities in the long run.
On the flip side, data provided by smartwatches is not completely accurate and this will pose a major challenge to the growth of market in the long run. Fluctuations in the prices of raw material will further derail the market growth rate. Further, delay in spectrum standardization will also create hindrances for the market growth rate.
This smartwatch market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smartwatch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smartwatch Market Scope and Market Size
The smartwatch market is segmented on the basis of product type, application, operating system, processor, RAM, display type, price range and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the smartwatch market has been segmented into extension, standalone and classic/ hybrid.
- On the basis of application, the smartwatch market is segmented into personal assistance and safety, health / wellness, media and entertainment, sports, communication and others.
- On the basis of operating system, the smartwatch market is segmented into wear OS, watch OS, Firefox OS, tizen, asteroid OS, sailfish OS, Ubuntu touch and others.
- On the basis of processor, the smartwatch market is segmented into single-core, dual-core, quad-core and apple S1.
- On the basis of RAM, the smartwatch market is segmented into 512 MB, 1 GB, 2 GB, 3 GB and 4 GB.
- On the basis of display type, the smartwatch market is segmented into OLED, LCD and interferometric modulator display.
- On the basis of price range, the smartwatch market is segmented into high-end smartwatches, mid-end smartwatches and low-end smartwatches.
- On the basis of distribution channel, the smartwatch market is segmented into direct sales, e-commerce, retail stores and others.
Smartwatch Market Country Level Analysis
The smartwatch market is analysed and market size insights and trends are provided by country, product type, application, operating system, processor, RAM, display type, price range and distribution channel as referenced above.
The countries covered in the smartwatch market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smartwatch market and will continue to flourish its trend of dominance during the forecast period as well owing to the rising focus on the technological advancements in digital wearable devices. Growth in the number of sales of toothbrush sterilizers via e-commerce platforms is another factor fostering the market growth rate in this region. Asia-Pacific will however, register the highest CAGR for the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization and surge in the awareness about the benefits of smartwatches especially in countries like India and China are some major market growth determinants for this region.
The country section of the smartwatch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smartwatch Market Share Analysis
The smartwatch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smartwatch market.
The major players covered in the smartwatch market report are Apple Inc., Alphabet Inc.., Sony Corporation, SAMSUNG, Google LLC, Microsoft, LG Electronics, Xiaomi., Fossil Group, Inc., Garmin Ltd., Fitbit, Inc., Huawei Technologies Co., Ltd., Motorola Mobility LLC, Tomtom International BV., Giorgio Armani S.p.A, ASUSTeK Computer Inc., Michael Kors, Polar Electro, adidas America Inc. and Dexcom, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smartwatch Market
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