Smartwatch Battery

Smartwatch Battery

A battery is a combination of electrochemical cells composed of three fundamental components: cathode, anode, and electrolyte. If the battery cathode and anode are attached to an external device, which allows electrons to move from one end of the circuit to the other, there is a biochemical reaction in the cell. A smartwatch is an electronic wristwatch that has a touchscreen display with several functions, including timekeeping, but most manufacturers use lithium-ion batteries. Rechargeable lithium batteries enable many charging cycles without a memory effect, which makes them suitable for long battery life.

The Smartwatch Battery Market is expected to grow at a steady rate of around 13.2% owing to the advanced features of smartwatches coupled with the rising trend of wearable technology amongst young youth. Major companies in the market offer Smartwatch with technologically advanced features with better battery life on a single charge. For instance, in Mar 2023, Amazfit GTR Mini with a 1.28-inch display, and 20-day battery life launched in India.

• Based on battery life, the market is segmented into upto 1 day, 1-5 days, and above 5 days. The 1-5 days segment accounted for a significant market share in 2021. This is mainly owing to advancements in battery technology that have contributed to the feasibility of achieving longer battery life in smartwatches. Improvements in battery efficiency, energy management systems, and the overall design of smartwatches have made it possible to extend the battery life while maintaining a sleek and compact form factor. Additionally, Smartwatches are no longer just timekeeping devices; they now offer fitness tracking, heart rate monitoring, sleep tracking, smartphone notifications, and more. These advanced features require more power, and users expect their smartwatches to handle these functionalities while still maintaining reasonable battery life.
• Based on operating system, the market is categorized into Android, iOS, and others. Among these, Android is expected to grow with a significant CAGR during the forecast period. This is mainly due to the advantages Android offers as compared to its counterparts. Android offers better integration with third-party apps and services. This compatibility with various apps and services enhances the functionality and usability of Android-based smartwatches, attracting users who value seamless integration with their favorite apps and services. The higher demand for Android-compatible smartwatches translates into higher demand for batteries supporting the Android operating system.
• For a better understanding of the market adoption of the smartwatch battery industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. North America is expected to hold a significant market share in the year 2021. This is mainly owing to the increasing demand for smartwatches in the region. Because customers here mainly prioritize longer battery life and convenience to track their body balance. Additionally, factors such as the increasing popularity of smartwatches, advancements in technology, health and wellness trends, and a tech-savvy consumer base are also contributing to the growth of the market. Additionally, advancements in smartwatch technology have resulted in more power-hungry functionalities and larger displays, increasing the need for higher-capacity batteries. Consumers expect longer battery life to ensure uninterrupted usage throughout the day, leading to an increased demand for efficient and long-lasting batteries. For instance, Sep 2022, Apple launched a new line of smartwatches: Series 8, new SE, and Ultra. Apple claims that its Ultra model has the best battery life of any Apple Watch, reaching up to 36 hours during normal use.
• Some of the major players operating in the market include Shenzhen Grepow Battery Co., Ltd; EVE Energy Co., Ltd; Enovix Corporation; DESAY CORPORATION.; SAMSUNG SDI CO., LTD.; Renata Battery; BENZO Energy Technology Co., Ltd; LG Chem; Tianjin Lishen Battery Co., Ltd.