Smartwatches are wearable computing devices that resemble wristwatch but come with added advanced features such as weather update, messaging, enable call making, connection to the internet, Bluetooth-enabled, GPS, and more. Moreover, it also offers an answering messages by voice and fitness tracking app. Apart from all these features, some of the smartwatches are also Bluetooth-enabled which allows it to connect it with a smartphone.
Market Dynamics
Increasing launch of design and gender bases smartwatches is projected to serve major market opportunities over the forecast period. Moreover, the growing demand for smartwatches that match the Metropolitan lifestyle is again projected to propel the market growth. For instance, in January 2020, Timex partners with Huami to introduce two Metropolitan smartwatches. The product is categorized as lifestyle-focused Metropolitan smartwatch collection and feature software that was developed in partnership with Huami. It has impressive high-resolution AMOLED touch display with vibrant colors that look bright under any ambient light condition. The watch has two weeks of battery life.
Increasing usage of the internet and smartphone is primarily fueling the market growth of the smartwatches. Additionally, features such as ease of handling and use is another major factor propelling the market growth of the smartwatches. Growing youth population coupled with the rising popularity of these devices due to their advanced features is also expected to foster the market growth of the smartwatches over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global smartwatches market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- This study also provides impact analysis of Coronavirus (COVID-19) pandemic on global smartwatches market.
- It profiles key players in the global smartwatches market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study incudes Pebble Technology Corporation, Samsung Electronics Co. Ltd., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd. (COOKOO), and Apple Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global smartwatches market report caters to various stakeholders in this industry including investors, suppliers, global smartwatches market manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smartwatches market
Detailed Segmentation:
- Global Smartwatches Market, By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- Global Smartwatches Market, By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Forage and Turf Grasses
- Other Crops
- Global Smartwatches Market, By Region:
- North America
- U.S.
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System
- Android Wear
- Watch OS (iOS)
- Others
- Canada
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System
- Android Wear
- Watch OS (iOS)
- Others
- Europe
- U.K.
- By By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System
- Android Wear
- Watch OS (iOS)
- Others
- Germany
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- France
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Italy
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Spain
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Russia
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Rest of Europe
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Asia Pacific
- China
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- India
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Japan
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- ASEAN
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Forage and Turf Grasses
- Other Crops
- Australia
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- South Korea
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Rest of Asia Pacific
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Latin America
- Brazil
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Mexico
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Rest of Latin America
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Middle East & Africa
- Middle East
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Africa
- By Price Range:
- High-End smartwatches
- Mid-End smartwatches
- Low-End smartwatches
- By Operating System:
- Android Wear
- Watch OS (iOS)
- Others
- Company Profiles
- Pebble Technology Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Samsung Electronics Co. Ltd.
- Nike Inc.
- Garmin Ltd.
- Sony Electronics Inc.
- Fitbit Inc.
- Martian Watches
- ConntecteDevices Ltd.
- Apple Inc.
"*" marked represents similar segmentation in other categories in the respective section.