Smartwatch Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	160 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224320

Best Price Guarantee
Price	from $4,850
Length	160 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224320

Smartwatch Market

Growth Factors of Smartwatch Market

The Smartwatch market size was valued at USD 29.31 billion in 2023, and the market is now projected to grow from USD 33.58 billion in 2024 to USD 103.61 billion by 2032, exhibiting a CAGR of 15.12% during the forecast period of 2024-2032.

In the light of pandemic then smartwatch market growth had a reverberating impact and devastated the market arena. Lockdown measures and social removing conventions driven to brief closures of retail stores and diminished foot activity in shopping centers, influencing the sales of smartwatches through conventional retail channels. Be that as it may, in spite of the challenges, the widespread too highlighted the significance of wellbeing and wellness following, driving request for smartwatches with progressed health observing features.

Key companies within the industry are progressively moving their consideration toward kids by expanding the fabricating of items that are outlined to specifically target them. Usually anticipated to drive the advertise development. The development is due to a huge number of guardians becoming progressively mindful of how it seems help upgrade the lives of their children by permitting them to be more physically dynamic.

The high customer consumption of the developed economies has played a fundamental part in spiking the product's deals owing to its capacity to assist boost the investing on keen gadgets, counting smart wearables. Furthermore, developing generation of kids' smartwatches by companies will back the showcase development. Additionally, nations of the European Union having a high per capita salary are moreover acting as a moving figure that's driving the market advancement.

Comprehensive Analysis of Smartwatch Market

The Operating system of the smartwatch market is further classified into iOS, Android, and others. The iOS portion is expected to hold the overwhelming market share on account of the solid entrance of Apple items made of progressed iOS working frameworks within the wristwatches advertise around the world. The end-user base in the market arena is majorly bifurcated into female and male. The male section is assessed to be the bigger advertise shareholder due to a huge number of male populaces being intrigued by tech products and willing to form the next investing as compared to ladies. On the foundation of application of the product the market arena is portioned into running, checking notices, swimming, cycling, and others. The running portion is estimated to account for a noticeable showcase share because it is one of the foremost prevalent and simple working out exercises.

The North American territory holds the major smartwatch market share within the advertise, gloating an estimated valuation of USD 11.33 billion in 2023. The individuals of this locale making enormous costs on shopper units are anticipated to play an imperative part within the advertise movement. The elderly populace making high consumption on tech items is anticipated to have an eminent effect on the utilization rate.

The accentuation on health-related highlights in smartwatches contributes to raising mindfulness almost individual wellbeing and wellness among buyers. As individuals gotten to be more health-conscious, there's expanded request for wearable gadgets that can give experiences into different angles of wellbeing and wellness, driving the appropriation of smartwatches as wellbeing checking apparatuses. The major operating players in the market play a crucial role in assuring industrial prospectus growth and benchmarking the market standards. The companies operating in the market are listed as Apple (U.S.), Fitbit LLC (U.S.), The Samsung Group (South Korea), Fossil Group (U.S.), Garmin Ltd. (U.S.), Polar Electro (Finland), LG Electronics (South Korea), Huawei Technologies (China) and others.

In the year 2022, the August month, Samsung Electronics company, the gadgets company in South Korea, admitted the dispatch of their modern smartwatch arrangement, 'Galaxy Watch5 and World Watch5 Pro', prepared with progressed and keen highlights, appropriate for following wellbeing and wellness propensities.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 15.12% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Operating System

iOS
Android
Others

By End-User

Male
Female

By Application

Running
Checking Notifications
Swimming
Cycling
Others

By Geography

North America (By Operating System, End-User, Application, and Country)
U.S. (By Operating System)
Canada (By Operating System)
Mexico (By Operating System)
Europe (By Operating System, End-User, and Country)
Germany (By Operating System)
France (By Operating System)
Italy (By Operating System)
U.K. (By Operating System)
Rest of Europe (By Operating System)
Asia Pacific (By Operating System, End-User, and Country)
China (By Operating System)
India (By Operating System)
Japan (By Operating System)
Australia (By Operating System)
Rest of Asia Pacific (By Operating System)
South America (By Operating System, End-User, and Country)
Brazil (By Operating System)
Argentina (By Operating System)
Rest of South America (By Operating System)
Middle East and Africa (By Operating System, End-User, and Country)
South Africa (By Operating System)
UAE (By Operating System)
Rest of the Middle East and Africa (By Operating System)

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Industry SWOT Analysis; 4.3. Supply Chain and Regulatory Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions; 4.5. Qualitative Analysis (in relation to COVID-19)
5. Global Smartwatch Market Analysis, Insights, and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Operating System (Value); 5.2.1.1. IOS; 5.2.1.2. Android; 5.2.1.3. Others; 5.2.2. By End-user (Value); 5.2.2.1. Male; 5.2.2.2. Female; 5.2.3. By Application (Value); 5.2.3.1. Running; 5.2.3.2. Checking Notifications; 5.2.3.3. Swimming; 5.2.3.4. Cycling; 5.2.3.5. Others; 5.2.4. By Region (Value); 5.2.4.1. North America; 5.2.4.2. Europe; 5.2.4.3. Asia Pacific; 5.2.4.4. South America; 5.2.4.5. Middle East & Africa
6. North America Smartwatch Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Operating System (Value); 6.2.1.1. IOS; 6.2.1.2. Android; 6.2.1.3. Others; 6.2.2. By End-user (Value); 6.2.2.1. Male; 6.2.2.2. Female; 6.2.3. By Application (Value); 6.2.3.1. Running; 6.2.3.2. Checking Notifications; 6.2.3.3. Swimming; 6.2.3.4. Cycling; 6.2.3.5. Others; 6.2.4. By Country (Value); 6.2.4.1. U.S.; 6.2.4.1.1. By Operating System (Value); 6.2.4.1.1.1. IOS; 6.2.4.1.1.2. Android; 6.2.4.1.1.3. Others; 6.2.4.2. Canada; 6.2.4.2.1. By Operating System (Value); 6.2.4.2.1.1. IOS; 6.2.4.2.1.2. Android; 6.2.4.2.1.3. Others; 6.2.4.3. Mexico; 6.2.4.3.1. By Operating System (Value); 6.2.4.3.1.1. IOS; 6.2.4.3.1.2. Android; 6.2.4.3.1.3. Others
7. Europe Smartwatch Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Operating System (Value); 7.2.1.1. IOS; 7.2.1.2. Android; 7.2.1.3. Others; 7.2.2. By End-user (Value); 7.2.2.1. Male; 7.2.2.2. Female; 7.2.3. By Application (Value); 7.2.3.1. Running; 7.2.3.2. Checking Notifications; 7.2.3.3. Swimming; 7.2.3.4. Cycling; 7.2.3.5. Others; 7.2.4. By Country (Value); 7.2.4.1. U.K.; 7.2.4.1.1. By Operating System (Value); 7.2.4.1.1.1. IOS; 7.2.4.1.1.2. Android; 7.2.4.1.1.3. Others; 7.2.4.2. Germany; 7.2.4.2.1. By Operating System (Value); 7.2.4.2.1.1. IOS; 7.2.4.2.1.2. Android; 7.2.4.2.1.3. Others; 7.2.4.3. France; 7.2.4.3.1. By Operating System (Value); 7.2.4.3.1.1. IOS; 7.2.4.3.1.2. Android; 7.2.4.3.1.3. Others; 7.2.4.4. Italy; 7.2.4.4.1. By Operating System (Value); 7.2.4.4.1.1. IOS; 7.2.4.4.1.2. Android; 7.2.4.4.1.3. Others; 7.2.4.5. Spain; 7.2.4.5.1. By Operating System (Value); 7.2.4.5.1.1. IOS; 7.2.4.5.1.2. Android; 7.2.4.5.1.3. Others; 7.2.4.6. Rest of Europe; 7.2.4.6.1. By Operating System (Value); 7.2.4.6.1.1. IOS; 7.2.4.6.1.2. Android; 7.2.4.6.1.3. Others
8. Asia-Pacific Smartwatch Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Operating System (Value); 8.2.1.1. IOS; 8.2.1.2. Android; 8.2.1.3. Others; 8.2.2. By End-user (Value); 8.2.2.1. Male; 8.2.2.2. Female; 8.2.3. By Application (Value); 8.2.3.1. Running; 8.2.3.2. Checking Notifications; 8.2.3.3. Swimming; 8.2.3.4. Cycling; 8.2.3.5. Others; 8.2.4. By Country (Value); 8.2.4.1. China; 8.2.4.1.1. By Operating System (Value); 8.2.4.1.1.1. IOS; 8.2.4.1.1.2. Android; 8.2.4.1.1.3. Others; 8.2.4.2. India; 8.2.4.2.1. By Operating System (Value); 8.2.4.2.1.1. IOS; 8.2.4.2.1.2. Android; 8.2.4.2.1.3. Others; 8.2.4.3. Japan; 8.2.4.3.1. By Operating System (Value); 8.2.4.3.1.1. IOS; 8.2.4.3.1.2. Android; 8.2.4.3.1.3. Others; 8.2.4.4. Australia; 8.2.4.4.1. By Operating System (Value); 8.2.4.4.1.1. IOS; 8.2.4.4.1.2. Android; 8.2.4.4.1.3. Others; 8.2.4.5. Rest of Asia-Pacific; 8.2.4.5.1. By Operating System (Value); 8.2.4.5.1.1. IOS; 8.2.4.5.1.2. Android; 8.2.4.5.1.3. Others
9. South America Smartwatch Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Size Estimates and Forecast; 9.2.1. By Operating System (Value); 9.2.1.1. IOS; 9.2.1.2. Android; 9.2.1.3. Others; 9.2.2. By End-user (Value); 9.2.2.1. Male; 9.2.2.2. Female; 9.2.3. By Application (Value); 9.2.3.1. Running; 9.2.3.2. Checking Notifications; 9.2.3.3. Swimming; 9.2.3.4. Cycling; 9.2.3.5. Others; 9.2.4. By Country (Value); 9.2.4.1. Brazil; 9.2.4.1.1. By Operating System (Value); 9.2.4.1.1.1. IOS; 9.2.4.1.1.2. Android; 9.2.4.1.1.3. Others; 9.2.4.2. Argentina; 9.2.4.2.1. By Operating System (Value); 9.2.4.2.1.1. IOS; 9.2.4.2.1.2. Android; 9.2.4.2.1.3. Others; 9.2.4.3. Rest of South America; 9.2.4.3.1. By Operating System (Value); 9.2.4.3.1.1. IOS; 9.2.4.3.1.2. Android; 9.2.4.3.1.3. Others
10. Middle East & Africa Smartwatch Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Operating System (Value); 10.2.1.1. IOS; 10.2.1.2. Android; 10.2.1.3. Others; 10.2.2. By End-user (Value); 10.2.2.1. Male; 10.2.2.2. Female; 10.2.3. By Application (Value); 10.2.3.1. Running; 10.2.3.2. Checking Notifications; 10.2.3.3. Swimming; 10.2.3.4. Cycling; 10.2.3.5. Others; 10.2.4. By Country (Value); 10.2.4.1. UAE; 10.2.4.1.1. By Operating System (Value); 10.2.4.1.1.1. IOS; 10.2.4.1.1.2. Android; 10.2.4.1.1.3. Others; 10.2.4.2. South Africa; 10.2.4.2.1. By Operating System (Value); 10.2.4.2.1.1. IOS; 10.2.4.2.1.2. Android; 10.2.4.2.1.3. Others; 10.2.4.3. Rest of Middle East & Africa; 10.2.4.3.1. By Operating System (Value); 10.2.4.3.1.1. IOS; 10.2.4.3.1.2. Android; 10.2.4.3.1.3. Others
11. Competitive Matrix: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Smartwatch Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles: 12.1. Apple Inc.; 12.1.1. Overview; 12.1.2. Description; 12.1.3. Product Portfolio; 12.1.4. Financials (Data as available in public domain and/or on paid databases); 12.1.5. Recent Developments; 12.2. The Samsung Group; 12.2.1. Overview; 12.2.2. Description; 12.2.3. Product Portfolio; 12.2.4. Financials (Data as available in public domain and/or on paid databases); 12.2.5. Recent Developments; 12.3. Garmin Ltd.; 12.3.1. Overview; 12.3.2. Description; 12.3.3. Product Portfolio; 12.3.4. Financials (Data as available in public domain and/or on paid databases); 12.3.5. Recent Developments; 12.4. Fitbit LLC; 12.4.1. Overview; 12.4.2. Description; 12.4.3. Product Portfolio; 12.4.4. Financials (Data as available in public domain and/or on paid databases); 12.4.5. Recent Developments; 12.5. Huawei Technologies; 12.5.1. Overview; 12.5.2. Description; 12.5.3. Product Portfolio; 12.5.4. Financials (Data as available in public domain and/or on paid databases); 12.5.5. Recent Developments; 12.6. Fossil Group, Inc.; 12.6.1. Overview; 12.6.2. Description; 12.6.3. Product Portfolio; 12.6.4. Financials (Data as available in public domain and/or on paid databases); 12.6.5. Recent Developments; 12.7. Polar Electro; 12.7.1. Overview; 12.7.2. Description; 12.7.3. Product Portfolio; 12.7.4. Financials (Data as available in public domain and/or on paid databases); 12.7.5. Recent Developments; 12.8. ASUSTek Computer Inc.; 12.8.1. Overview; 12.8.2. Description; 12.8.3. Product Portfolio; 12.8.4. Financials (Data as available in public domain and/or on paid databases); 12.8.5. Recent Developments; 12.9. LG Electronics; 12.9.1. Overview; 12.9.2. Description; 12.9.3. Product Portfolio; 12.9.4. Financials (Data as available in public domain and/or on paid databases); 12.9.5. Recent Developments; 12.10. Xiaomi Inc.; 12.10.1. Overview; 12.10.2. Description; 12.10.3. Product Portfolio; 12.10.4. Financials (Data as available in public domain and/or on paid databases); 12.10.5. Recent Developments
13. Appendix