Global Smartwatches Market Growth 2025-2031

The global Smartwatches market size is predicted to grow from US$ 16450 million in 2025 to US$ 35460 million in 2031; it is expected to grow at a CAGR of 13.7% from 2025 to 2031.

Smartwatch is an information processing device with the basic time function. The watch may communicate with external devices such as smart phones, sensors, and a wireless headset. Smartwatch often consists of two parts: Peripheral devices and software. Peripheral devices of Smartwatch may include camera, thermometer, accelerometer, altimeter, barometer, compass, GPS receiver, speaker and SDcard that is recognized as a mass storage device by a computer. Software may include Map display, scheduler, calculator, and various kinds of watch face.

Apple has always been the leader in the smartwatch market, accounting for about half of the global market shipments, and it has an absolute dominant position in terms of value share. Huawei, Samsung and other brands also occupy an important position in the global smartwatch market.

There are both high-end smartwatches on the market, which have comprehensive health monitoring, powerful processor performance, independent communication and other functions; there are also mid- and low-end products to meet the needs and budgets of different consumers. For example, smartwatches or bracelets launched by brands such as Redmi provide comprehensive health monitoring functions and long battery life, which are suitable for consumers with limited budgets but high functional requirements.

Consumers in North America have a high acceptance of smartwatches, and the market demand for high-end products is large; the Chinese market is large, and consumers' demand for smartwatches is growing. Domestic brands have strong competitiveness in the local market; the European market is also relatively mature, and consumers have high requirements for product quality and functions.

The shipment volume of smartwatches in emerging markets such as India has grown rapidly. With the development of the economy and the improvement of consumers' awareness of smart wearable devices, these emerging markets are expected to become new growth points in the smartwatch market.

The major players in global smartwatches market include Apple, Samsung, etc. The top 5 players occupy about 80% shares of the global market. China is main markets, they occupy about 80% of the global market. Watch OS are main types, with a share about 45%. Adults are main end users, which hold a share about 95%.

LP Information, Inc. (LPI) ' newest research report, the “Smartwatches Industry Forecast” looks at past sales and reviews total world Smartwatches sales in 2024, providing a comprehensive analysis by region and market sector of projected Smartwatches sales for 2025 through 2031. With Smartwatches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smartwatches industry.

This Insight Report provides a comprehensive analysis of the global Smartwatches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smartwatches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smartwatches market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smartwatches and breaks down the forecast by Operating System, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smartwatches.

This report presents a comprehensive overview, market shares, and growth opportunities of Smartwatches market by product type, application, key manufacturers and key regions and countries.

Segmentation by Operating System:
Watch OS
Wear OS
Tizen
Others

Segmentation by Application:
Children
Adults

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Apple
Samsung
Huawei
Imoo
Amazfit
Garmin
Fitbit
Xiaomi
Noise
360
VTech Holdings
Abardeen
MIMITOOU
Polar
Sony
Readboy
Epson (Pulsense)
Tencent
Omate
Polar Electro

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smartwatches market?

What factors are driving Smartwatches market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smartwatches market opportunities vary by end market size?

How does Smartwatches break out by Operating System, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.