Global Digital Watch Market Size Study & Forecast, by Product Type (Smart Watch and Sports Watch), by End User (Men, Women and Unisex), by Category (Mass and Luxury), and Regional Analysis, 2022-2029

Global Digital Watch Market Size Study & Forecast, by Product Type (Smart Watch and Sports Watch), by End User (Men, Women and Unisex), by Category (Mass and Luxury), and Regional Analysis, 2022-2029

Global Digital Watch Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Digital Watch are the type of watches that principally shows the time in numerical digits rather than by hands on a dial. Younger customers are more likely to buy digital watches because they are more familiar with mobile devices and smartphone technology. However, there is a growing market for smartwatch and sports devices, particularly in developing nations like South Africa, Brazil, India, and others. This is a result of new, versatile functionalities that are emerging in the market. The Digital Watch market is expanding because of factors such as Increasing number of millennials and rising awareness towards health. The market dominated by Fitbit, Garmin Ltd, Huawei Device Co Ltd and others. Further, the Digital Watch is anticipated to rise, owing to advancements in the digital watch functionalities and various strategic initiatives by the private players in the market.

According to SFIA, the outdoor sports participation of the people percentage in the United States went from 50.7%, in the year 2019 to 52.9%, in the year 2020 and 53.9%, in the year 2021. Further, companies have started established smartwatches targeting fitness-conscious shoppers. For example, in 2022, Apple unveiled the Apple Watch Ultra. The product brought bold design and a wide range of features built for endurance, exploration, and adventure. However, high cost associated with the digital watch manufacturing may halt market growth.

The key regions considered for the Global Digital Watch Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to rising popularity of smart wearables. North America is expected to grow significantly during the forecast period, owing to rising technological advancements in the digital watch in the region.

Major market player included in this report are:
Apple Inc.
Fossil Group, Inc.
Samsung Electronics Co., Ltd.
Fitbit
Garmin Ltd
Huawei Device Co., Ltd.
Xiaomi Corporation
Mobvoi Information Technology Company
Zepp Health
TAG Heuer S.A

Recent Developments in the Market:
 In April 2022, Gizmore: Indian smart accessories and audio company, released ""Made in India"" smartwatch with high-end features at a competitive rate.
 In October 2021, Apple launched Apple Watch Series 7 with a larger, more sophisticated, always-on retina screen, built-in compass, and international crisis calling features in the product. With this product the company will enhance its product portfolio base in the market.

Global Digital Watch Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End User, Category and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product:
Smart Watch
Sports Watch

By End User:
Men
Women
Unisex

By Category:
Mass
Luxury

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Apple Inc.
Fossil Group, Inc.
Samsung Electronics Co., Ltd.
Fitbit
Garmin Ltd
Huawei Device Co., Ltd.
Xiaomi Corporation
Mobvoi Information Technology Company
Zepp Health
TAG Heuer S.A

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