Global Smartwatch Market 2024-2028
The smartwatch market is forecasted to grow by USD 38.81 bn during 2023-2028, accelerating at a CAGR of 14.94% during the forecast period. The report on the smartwatch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in the semiconductor industry, growing investments in telecommunication network infrastructure, and increasing awareness about the benefits of a healthy lifestyle.
Technavio's smartwatch market is segmented as below:
By OS
- Android wear
- Apple watch OS
- Fitbit OS
- Tizen OS
By Type
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing number of patent filings by smartwatch manufacturers as one of the prime reasons driving the smartwatch market growth during the next few years. Also, the growing preference for smartwatches for contactless payments and medical and fitness accounting for significant market share will lead to sizable demand in the market.
The report on the smartwatch market covers the following areas:
- Smartwatch market sizing
- Smartwatch market forecast
- Smartwatch market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smartwatch market vendors that include Alphabet Inc., Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., LG Electronics Inc., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Savex Technologies, SUUNTO, Tapestry Inc., Tata Sons Pvt. Ltd., Timex Group, Xiaomi Communications Co. Ltd., and Zepp Health Corp. Ltd.. Also, the smartwatch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.