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Smartwatch Market

Smartwatch Market Forecasts to 2028 – Global Analysis By Gender (Men, Women), Product (Classic Smartwatch/Hybrid Smartwatch), Application (Wellness, Healthcare, Sports), Channel (Offline, Distribution Channel) and By Geography

4.0 (15 reviews)
Published: June 2021 ID: SMRC20667
4.0 (15 reviews)
Published: June 2021 ID: SMRC20667

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smartwatch Market is accounted for $24.68 billion in 2020 and is expected to reach $110.46 billion by 2028 growing at a CAGR of 20.6% during the forecast period. Increase in health awareness among the consumers and growth in demand for wireless fitness & sports devices are driving the market growth. However, the high initial cost of smartwatch may hamper the market growth.

A smartwatch is a wearable electronic device that also has computed capabilities for specific functions and closely resembles a wristwatch, many smartwatches have wireless communication capabilities that a user can use from the watches interface to initiate and answer phone calls, read emails and messages, receive weather report updates, dictate emails or text messages, or use it as a personal digital assistant.

Based on the product, the standalone smartwatch segment is going to have lucrative growth during the forecast period owing to its advanced features such as wireless operations, sim card acceptance, and access capability for the internet. Moreover, the increasing demand for the intelligent based device for monitoring the daily activities is further boosting the market growth of the segment.

By geography, Asia Pacific is going to have high growth during the forecast period due to the growing consumer electronics industry, coupled with a rapid rise of smartwatch market vendors across the emerging economies of the region.

Some of the key players profiled in the Smartwatch Market include Apple Inc., Fitbit Inc, Fossil Group Inc., Garmin Ltd, Huami Corporation, Huawei Technologies Co. Ltd, Lenovo Group Limited, LG Electronics Inc., Polar Electro OY, Samsung Electronics Co. Ltd, and Sony Corporation.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 24.68billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

20.6%

Predicted 2028 Value:

USD 110.46 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

450

Chapters Covered:

Processor, Display Type, Gender, Age Group, Operating System, Price Range, RAM’s (Random Access Memories), Product, Technology, Application, Sales Channel and Region

Core Drivers and Opportunities:

  • Increase in health awareness among the consumers
  • Growth in demand for wireless fitness & sports devices
  • Rise in investment on building connected ecosystem

Restraining Factors & Market Threats:

  • High initial cost of smartwatch

 

Processor’s Covered:
• Apple S1
• Dual-Core
• Quad-Core
• Single-Core

Display Types Covered:
• Active-Matrix Organic Light-Emitting Diode (AMOLED) 
• Interferometric Modulator Display 
• Liquid-Crystal Display (LCD) Smartwatches 
• Organic Light Emitting Diode (OLED) Smartwatches 
• Passive Matrix Organic Light-Emitting Diode (PMOLED) 
• Super Active-Matrix Organic Light-Emitting Diode (SAMOLED) Smartwatches 
• Thin Film Transistor (TFT) Liquid-Crystal Display (LCD)
    
Genders Covered:

• Men
• Women   

Age Groups Covered:
• 3-14 Years
• 15-24 Years
• 25-34 Years
• 35-54 Years
• 55+ Years

Operating Systems Covered:
• Android/Android Wear OS (Operating System)
• AsteroidOS (Operating System)
• Embedded OS (Operating System)
• Firefox OS (Operating System)
• Linux
• Pebble OS (Operating System)
• Real Time Operating System (RTOS)
• Sailfish OS (Operating System)
• Tizen
• Ubuntu Touch
• iOS/ Apple Watch Kit
• Windows

Price Ranges Covered:
• High Price
• Low Price
• Medium Price

RAM’s (Random Access Memories) Covered:
• 512 MB
• 1 GB
• 2 GB
• 3 GB
• 4 GB

Products Covered:
• Classic Smartwatch/Hybrid Smartwatch
• Companion
• Extension Smartwatch
• Integrated
• Standalone Smartwatch

Wireless Technologies Covered:
• Bluetooth
• Wi-Fi 
• Global Positioning System (GPS)

Applications Covered:
• Personal Assistance & Safety
• Wellness
• Healthcare
• Sports
• Media and Entertainment
• Communication
• Fitness
• Other Applications

Sales Channels Covered:
• Online E-commerce Store
• Offline
• Distribution Channel


Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2010, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Smartwatch Market is majorly driven by increase in health awareness among the consumers and growth in demand for wireless fitness & sports devices.

The standalone smartwatch segment is growing at a highest CAGR owing to its advanced features such as wireless operation.

North America dominated with a significant market share due to the factors such as increase in personalized medicines, identifying the genetic modifications and therapeutic areas across the region.

Asia Pacific market is growing at a highest CAGR owing to growing consumer electronics industry, coupled with a rapid rise of smartwatch market vendors in the region.

Key players in Smartwatch Market include Apple Inc., FitbitInc, Fossil Group Inc., Garmin Ltd, Huami Corporation, Huawei Technologies Co. Ltd, Lenovo Group Limited, LG Electronics Inc., Polar Electro OY, Samsung Electronics Co. Ltd and Sony Corporation.

1 Executive Summary      
       
2 Preface    
  
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Product Analysis     
 3.7 Technology Analysis     
 3.8 Application Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining Power of Suppliers     
 4.2 Bargaining Power of Buyers     
 4.3 Threat of Substitutes     
 4.4 Threat of New Entrants     
 4.5 Competitive Rivalry     
       
5 Global Smartwatch Market, By Processor      
 5.1 Introduction     
 5.2 Apple S1     
 5.3 Dual-Core     
 5.4 Quad-Core     
 5.5 Single-Core     
       
6 Global Smartwatch Market, By Display Type      
 6.1 Introduction     
 6.2 Active-Matrix Organic Light-Emitting Diode (AMOLED)     
 6.3 Interferometric Modulator Display     
 6.4 Liquid-Crystal Display (LCD) Smartwatches     
 6.5 Organic Light Emitting Diode (OLED) Smartwatches     
 6.6 Passive Matrix Organic Light-Emitting Diode (PMOLED)     
 6.7 Super Active-Matrix Organic Light-Emitting Diode (SAMOLED) Smartwatches      
 6.8 Thin Film Transistor (TFT) Liquid-Crystal Display (LCD)     
       
7 Global Smartwatch Market, By Gender      
 7.1 Introduction     
 7.2 Men     
 7.3 Women     
       
8 Global Smartwatch Market, By Age Group      
 8.1 Introduction      
 8.2 3-14 Years     
 8.3 15-24 Years     
 8.4 25-34 Years     
 8.5 35-54 Years     
 8.6 55+ Years     
       
9 Global Smartwatch Market, By Operating System      
 9.1 Introduction     
 9.2 Android/Android Wear OS (Operating System)      
 9.3 AsteroidOS (Operating System)     
 9.4 Embedded OS (Operating System)     
 9.5 Firefox OSn(Operating System)     
 9.6 Linux     
 9.7 Pebble OS (Operating System)     
 9.8 Real Time Operating System (RTOS)     
 9.9 Sailfish OS (Operating System)     
 9.10 Tizen     
 9.11 Ubuntu Touch     
 9.12 iOS/ Apple Watch Kit     
 9.13 Windows     
       
10 Global Smartwatch Market, By Price Range      
 10.1 Introduction     
 10.2 High Price     
 10.3 Low Price     
 10.4 Medium Price     
       
11 Global Smartwatch Market, By RAM (Random Access Memory)      
 11.1 Introduction     
 11.2 512 MB     
 11.3 1 GB     
 11.4 2 GB     
 11.5 3 GB     
 11.6 4 GB     
       
12 Global Smartwatch Market, By Product      
 12.1 Introduction     
 12.2 Classic Smartwatch/Hybrid Smartwatch     
 12.3 Companion     
 12.4 Extension Smartwatch     
 12.5 Integrated     
 12.6 Standalone Smartwatch     
       
13 Global Smartwatch Market, By Technology      
 13.1 Introduction     
 13.2 Bluetooth     
 13.3 Wi-Fi      
 13.4 Global Positioning System (GPS)     
       
14 Global Smartwatch Market, By Application      
 14.1 Introduction     
 14.2 Personal Assistance & Safety     
 14.3 Wellness     
 14.4 Healthcare     
 14.5 Sports     
 14.6 Media and Entertainment     
 14.7 Communication     
 14.8 Fitness     
 14.9 Other Applications     
  14.9.1 Spiritual Wellness    
  14.9.2 Gaming    
  14.9.3 Kids Learning    
  14.9.4 Fashion    
       
15 Global Smartwatch Market, By Sales Channel      
 15.1 Introduction     
 15.2 Online E-commerce Store     
 15.3 Offline     
  15.3.1 Organized Retail Chain    
  15.3.2 Unorganized Retail Store    
       
16 Global Smartwatch Market, By Geography      
 16.1 Introduction     
 16.2 North America     
  16.2.1 US    
  16.2.2 Canada    
  16.2.3 Mexico    
 16.3 Europe     
  16.3.1 Germany    
  16.3.2 UK    
  16.3.3 Italy    
  16.3.4 France    
  16.3.5 Spain    
  16.3.6 Rest of Europe    
 16.4 Asia Pacific     
  16.4.1 Japan    
  16.4.2 China    
  16.4.3 India    
  16.4.4 Australia    
  16.4.5 New Zealand    
  16.4.6 South Korea    
  16.4.7 Rest of Asia Pacific    
 16.5 South America     
  16.5.1 Argentina     
  16.5.2 Brazil    
  16.5.3 Chile    
  16.5.4 Rest of South America    
 16.6 Middle East & Africa     
  16.6.1 Saudi Arabia    
  16.6.2 UAE    
  16.6.3 Qatar    
  16.6.4 South Africa    
  16.6.5 Rest of Middle East & Africa    
       
17 Key Developments      
 17.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 17.2 Acquisitions & Mergers     
 17.3 New Product Launch     
 17.4 Expansions     
 17.5 Other Key Strategies     
       
18 Company Profiling       
 18.1 Apple Inc.     
 18.2 Fitbit Inc.     
 18.3 Fossil Group Inc.     
 18.4 Garmin Ltd     
 18.5 Huami Corporation     
 18.6 Huawei Technologies Co. Ltd     
 18.7 Lenovo Group Limited     
 18.8 LG Electronics Inc.     
 18.9 Polar Electro OY     
 18.10 Samsung Electronics Co. Ltd     
 18.11 Sony Corporation     


List of Tables       
1 Global Smartwatch Market Outlook, By Region (2019-2028) (US $MN)       
2 Global Smartwatch Market Outlook, By Processor (2019-2028) (US $MN)      
3 Global Smartwatch Market Outlook, By Apple S1 (2019-2028) (US $MN)      
4 Global Smartwatch Market Outlook, By Dual-Core (2019-2028) (US $MN)      
5 Global Smartwatch Market Outlook, By Quad-Core (2019-2028) (US $MN)      
6 Global Smartwatch Market Outlook, By Single-Core (2019-2028) (US $MN)      
7 Global Smartwatch Market Outlook, By Display Type (2019-2028) (US $MN)      
8 Global Smartwatch Market Outlook, By Active-Matrix Organic Light-Emitting Diode (AMOLED) (2019-2028) (US $MN)       
9 Global Smartwatch Market Outlook, By Interferometric Modulator Display (2019-2028) (US $MN)      
10 Global Smartwatch Market Outlook, By Liquid-Crystal Display (LCD) Smartwatches (2019-2028) (US $MN)      
11 Global Smartwatch Market Outlook, By Organic Light Emitting Diode (OLED) Smartwatches (2019-2028) (US $MN)      
12 Global Smartwatch Market Outlook, By Passive Matrix Organic Light-Emitting Diode (PMOLED) (2019-2028) (US $MN)      
13 Global Smartwatch Market Outlook, By Super Active-Matrix Organic Light-Emitting Diode (SAMOLED) Smartwatches (2019-2028) (US $MN)      
14 Global Smartwatch Market Outlook, By Thin Film Transistor (TFT) Liquid-Crystal Display (LCD) (2019-2028) (US $MN)      
15 Global Smartwatch Market Outlook, By Gender (2019-2028) (US $MN)      
16 Global Smartwatch Market Outlook, By Men (2019-2028) (US $MN)      
17 Global Smartwatch Market Outlook, By Women (2019-2028) (US $MN)      
18 Global Smartwatch Market Outlook, By Age Group (2019-2028) (US $MN)      
19 Global Smartwatch Market Outlook, By 3-14 Years (2019-2028) (US $MN)      
20 Global Smartwatch Market Outlook, By 15-24 Years (2019-2028) (US $MN)      
21 Global Smartwatch Market Outlook, By 25-34 Years (2019-2028) (US $MN)      
22 Global Smartwatch Market Outlook, By 35-54 Years (2019-2028) (US $MN)      
23 Global Smartwatch Market Outlook, By 55+ Years (2019-2028) (US $MN)      
24 Global Smartwatch Market Outlook, By Operating System (2019-2028) (US $MN)      
25 Global Smartwatch Market Outlook, By Android/Android Wear OS (Operating System) (2019-2028) (US $MN)      
26 Global Smartwatch Market Outlook, By AsteroidOS (Operating System) (2019-2028) (US $MN)      
27 Global Smartwatch Market Outlook, By Embedded OS (Operating System) (2019-2028) (US $MN)      
28 Global Smartwatch Market Outlook, By Firefox OSn(Operating System) (2019-2028) (US $MN)      
29 Global Smartwatch Market Outlook, By Linux (2019-2028) (US $MN)      
30 Global Smartwatch Market Outlook, By Pebble OS (Operating System) (2019-2028) (US $MN)      
31 Global Smartwatch Market Outlook, By Real Time Operating System (RTOS) (2019-2028) (US $MN)      
32 Global Smartwatch Market Outlook, By Sailfish OS (Operating System) (2019-2028) (US $MN)      
33 Global Smartwatch Market Outlook, By Tizen (2019-2028) (US $MN)      
34 Global Smartwatch Market Outlook, By Ubuntu Touch (2019-2028) (US $MN)      
35 Global Smartwatch Market Outlook, By iOS/ Apple Watch Kit (2019-2028) (US $MN)      
36 Global Smartwatch Market Outlook, By Windows (2019-2028) (US $MN)      
37 Global Smartwatch Market Outlook, By Price Range (2019-2028) (US $MN)      
38 Global Smartwatch Market Outlook, By High Price (2019-2028) (US $MN)      
39 Global Smartwatch Market Outlook, By Low Price (2019-2028) (US $MN)      
40 Global Smartwatch Market Outlook, By Medium Price (2019-2028) (US $MN)      
41 Global Smartwatch Market Outlook, By RAM (Random Access Memory) (2019-2028) (US $MN)      
42 Global Smartwatch Market Outlook, By 512 MB (2019-2028) (US $MN)      
43 Global Smartwatch Market Outlook, By 1 GB (2019-2028) (US $MN)      
44 Global Smartwatch Market Outlook, By 2 GB (2019-2028) (US $MN)      
45 Global Smartwatch Market Outlook, By 3 GB (2019-2028) (US $MN)      
46 Global Smartwatch Market Outlook, By 4 GB (2019-2028) (US $MN)      
47 Global Smartwatch Market Outlook, By Product (2019-2028) (US $MN)      
48 Global Smartwatch Market Outlook, By Classic Smartwatch/Hybrid Smartwatch (2019-2028) (US $MN)      
49 Global Smartwatch Market Outlook, By Companion (2019-2028) (US $MN)      
50 Global Smartwatch Market Outlook, By Extension Smartwatch (2019-2028) (US $MN)      
51 Global Smartwatch Market Outlook, By Integrated (2019-2028) (US $MN)      
52 Global Smartwatch Market Outlook, By Standalone Smartwatch (2019-2028) (US $MN)      
53 Global Smartwatch Market Outlook, By Technology (2019-2028) (US $MN)      
54 Global Smartwatch Market Outlook, By Bluetooth (2019-2028) (US $MN)      
55 Global Smartwatch Market Outlook, By Wi-Fi (2019-2028) (US $MN)      
56 Global Smartwatch Market Outlook, By Global Positioning System (GPS) (2019-2028) (US $MN)      
57 Global Smartwatch Market Outlook, By Application (2019-2028) (US $MN)      
58 Global Smartwatch Market Outlook, By Personal Assistance & Safety (2019-2028) (US $MN)      
59 Global Smartwatch Market Outlook, By Wellness (2019-2028) (US $MN)      
60 Global Smartwatch Market Outlook, By Healthcare (2019-2028) (US $MN)      
61 Global Smartwatch Market Outlook, By Sports (2019-2028) (US $MN)      
62 Global Smartwatch Market Outlook, By Media and Entertainment (2019-2028) (US $MN)      
63 Global Smartwatch Market Outlook, By Communication (2019-2028) (US $MN)      
64 Global Smartwatch Market Outlook, By Fitness (2019-2028) (US $MN)      
65 Global Smartwatch Market Outlook, By Other Applications (2019-2028) (US $MN)      
66 Global Smartwatch Market Outlook, By Spiritual Wellness (2019-2028) (US $MN)      
67 Global Smartwatch Market Outlook, By Gaming (2019-2028) (US $MN)      
68 Global Smartwatch Market Outlook, By Kids Learning (2019-2028) (US $MN)      
69 Global Smartwatch Market Outlook, By Fashion (2019-2028) (US $MN)      
70 Global Smartwatch Market Outlook, By Sales Channel (2019-2028) (US $MN)      
71 Global Smartwatch Market Outlook, By Online E-commerce Store (2019-2028) (US $MN)      
72 Global Smartwatch Market Outlook, By Offline (2019-2028) (US $MN)      
73 Global Smartwatch Market Outlook, By Organized Retail Chain (2019-2028) (US $MN)      
74 Global Smartwatch Market Outlook, By Unorganized Retail Store (2019-2028) (US $MN)      
       
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

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