Global Smartwatch Market 2024-2028

Description

List of Tables

The smartwatch market is forecasted to grow by USD 38.81 bn during 2023-2028, accelerating at a CAGR of 14.94% during the forecast period. The report on the smartwatch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in the semiconductor industry, growing investments in telecommunication network infrastructure, and increasing awareness about the benefits of a healthy lifestyle.

Technavio's smartwatch market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	13.92%
CAGR	14.94%
Incremental Value	$38.81bn

By OS

Android wear
Apple watch OS
Fitbit OS
Tizen OS

By Type

Integrated
Standalone

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing number of patent filings by smartwatch manufacturers as one of the prime reasons driving the smartwatch market growth during the next few years. Also, the growing preference for smartwatches for contactless payments and medical and fitness accounting for significant market share will lead to sizable demand in the market.

The report on the smartwatch market covers the following areas:

Smartwatch market sizing
Smartwatch market forecast
Smartwatch market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smartwatch market vendors that include Alphabet Inc., Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., LG Electronics Inc., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Savex Technologies, SUUNTO, Tapestry Inc., Tata Sons Pvt. Ltd., Timex Group, Xiaomi Communications Co. Ltd., and Zepp Health Corp. Ltd.. Also, the smartwatch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR43748

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global smartwatch market 2018 - 2022
4.2 OS Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by OS

6.1 Market segments
6.2 Comparison by OS
6.3 Android wear - Market size and forecast 2023-2028
6.4 Apple watch OS - Market size and forecast 2023-2028
6.5 Fitbit OS - Market size and forecast 2023-2028
6.6 Tizen OS - Market size and forecast 2023-2028
6.7 Market opportunity by OS

7 Market Segmentation by Type

7.1 Market segments
7.2 Comparison by Type
7.3 Integrated - Market size and forecast 2023-2028
7.4 Standalone - Market size and forecast 2023-2028
7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 APAC - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Japan - Market size and forecast 2023-2028
9.11 UK - Market size and forecast 2023-2028
9.12 Germany - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Alphabet Inc.
12.4 Apple Inc.
12.5 CASIO Computer Co. Ltd.
12.6 Citizen Watch Co. Ltd.
12.7 Fossil Group Inc.
12.8 Garmin Ltd.
12.9 HK SMARTMV Ltd.
12.10 Huawei Technologies Co. Ltd.
12.11 Imagine Marketing Pvt. Ltd.
12.12 LG Electronics Inc.
12.13 LVMH Moet Hennessy Louis Vuitton SE
12.14 Samsung Electronics Co. Ltd.
12.15 Savex Technologies
12.16 Tapestry Inc.
12.17 Xiaomi Communications Co. Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations