Global Smart Watch Band Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Watch Band Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smart Watch Band is a general term for the effective part of a smart watch that fixes the wrist. A Smart Watch Band is an accessory for a smart watch; Smart Watch Bands come in a variety of materials.

Market Overview:

The latest research study on the global Smart Watch Band market finds that the global Smart Watch Band market reached a value of USD 7414.2 million in 2022. It’s expected that the market will achieve USD 20016.9 million by 2028, exhibiting a CAGR of 18.0% during the forecast period.

Logistics blocked

During the outbreak of COVID-19, governments of various countries have taken measures to curb the spread of the disease, restrict the movement of people, and strengthen control measures such as cross-border logistics. The supply chain of the Smart Watch Band industry is affected. On the one hand, raw material procurement in the Smart Watch Band industry is hindered, and companies may face a shortage of raw material supply. On the other hand, under the influence of supply chain disruption, enterprises may not be able to transport goods in time. With better control of COVID-19, the Smart Watch Band industry logistics resumed.

Rising shipping costs

The shipping industry is considered a major pillar of international trade, and the COVID-19 pandemic has triggered a global socio-economic crisis, with countries imposing movement restrictions to control the spread of the virus. Added to this, the COVID-19 pandemic has created an economic emergency that has had a profound impact on shipping, ports, and shipping. Additionally, shipping rates are highly volatile due to the COVID-19 pandemic; shipping rates are more sensitive to supply disruptions caused by COVID-19. Overall, Smart Watch Band shipments were adversely affected by higher shipping costs due to the uncertainty caused by COVID-19.

Technological advancements drive the development of the smartwatch industry and increase the demand for Smart Watch Band

With the development of technology, ordinary watches in people's hands have evolved into smartwatches. Smartwatch technology continues to innovate, bringing people a better experience and more and more people are willing to use smartwatches. In addition to the basic watch functions, smart watches also have many practical functions; for example, when people are exercising, they can use the watch to see personal physical conditions, such as heartbeat, blood oxygen saturation, etc. In addition, smartwatches can also record the number of kilometers people walk or run like a mobile phones. In addition, the vast majority of smartwatches can do some auxiliary mobile phone functions, such as answering and making calls, and some smartphones can also do voice and WeChat. Overall, smartwatches have a variety of functions, which drives the demand for them. Smart Watch Band is an important part of smartwatches, and the development of the smartwatch industry is more conducive to the development of the Smart Watch Band industry.
Overall, the technology of the smartwatch industry continues to advance, which drives the demand for smartwatches in the downstream market; this ultimately drives the development of the Smart Watch Band industry.

Smartwatches have a bright future

Smartwatches are innovative products between traditional watches and smartphones. They not only meet the accessory attributes of traditional watches but also realize part of the communication functions of smartphones. It can monitor human health status, and the application scenarios are irreplaceable. In addition, the introduction of the eSIM card effectively enhances the independence of smartwatches and makes them get rid of the inherent impression of being a mobile phone accessory. As carriers and terminal manufacturers continue to promote the development of eSIM, smartwatches in the 5G era will become a new entry point and node for the Internet of Everything. The industry has a bright future. As an important part of smartwatches, Smart Watch Band also has a good market prospect.

Region Overview:

In 2022, the share of the Smart Watch Band market in United States stood at 40.47%.

Company Overview:

Apple Inc. is one of the major players operating in the Smart Watch Band market, holding a share of 43.43% in 2023.

Segmentation Overview:

By type, Apple segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Online, with a market share of 68.59% in 2022.

Key Companies in the global Smart Watch Band market covered in Chapter 3:

Samsung Electronics Co., Ltd.
Garmin
Apple Inc.
Lerobo
WFEAGL
Amazfit
iiteeology
Maledan
Fullmosa
Google Inc.
LG Electronics Inc.
OUHENG
Ritche
Mifa
Huawei Technologies Co. Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Watch Band market from 2018 to 2029 is primarily split into:

Apple
Samsung
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Watch Band market from 2018 to 2029 covers:

Offline
Online

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)