Smart Clock Global Market Report 2024

Description

A smart clock is a digital clock that incorporates advanced technology and connectivity features, fulfilling the fundamental functions of traditional clocks by displaying the time and offering alarm features. In addition to these basic functions, smart clocks are equipped with health-monitoring features such as heart rate tracking, sleep analysis, and activity tracking, adding a layer of functionality beyond timekeeping and alarms.

The primary types of smart clocks include iOS system clocks, Android system clocks, and others. Android system clocks specifically refer to the timekeeping features integrated into the Android operating system. These clocks are distributed through various channels such as specialty stores, online platforms, and other distribution channels. They find application in various contexts, including use by children, adults, and other user groups.

The smart clock market research report is one of a series of new reports from The Business Research Company that provides smart clock market statistics, including smart clock industry global market size, regional shares, competitors with a smart clock market share, detailed smart clock market segments, market trends, and opportunities, and any further data you may need to thrive in the smart clock industry. This smart clock market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart clock market size has grown rapidly in recent years. It will grow from $0.95 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 18%. The growth observed in the historical period can be attributed to factors such as the increasing consumer demand for convenience, the growing adoption of smart home devices, rising awareness of health and fitness, and the expansion of internet connectivity. These elements collectively contributed to the increased adoption and popularity of smart clocks during the historic period.

The smart clock market size is expected to see rapid growth in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth in the forecast period for smart clocks can be attributed to factors such as integration with virtual assistants, the emergence of 5G technology, the expansion of the smart home ecosystem, increased customization and personalization options, and the growing demand for remote work solutions. Major trends expected in the forecast period include the rise of sleep tech and sleep optimization features, a heightened focus on eco-friendly and sustainable smart clock designs, the expansion of smart clock applications beyond timekeeping, integration with smart appliances and IoT devices, and the development of AI-driven predictive features.

The escalating demand for smart and connected devices is set to drive the growth of the smart clock market. Smart and connected devices, characterized by internet connectivity and advanced computing capabilities, are increasingly adopted due to factors such as convenience, health monitoring, remote work, and changing lifestyle trends. Smart clocks, as part of a broader smart home ecosystem, can seamlessly interact with other connected devices such as smart lights, thermostats, and security systems. Akamai Technologies Inc. reported in August 2022 that IoT connections are expected to grow from 15.1 billion in 2021 to 23.3 billion IoT connections in 2025, highlighting the global surge in demand for smart and connected devices, a key driver for the smart clock market.

The rising use of smart clocks for outdoor recreation is expected to further propel the growth of the smart clock market. Outdoor recreation, involving activities in natural environments away from urban settings, has gained popularity due to its physical, mental, and social benefits. Smart clocks play a crucial role in enhancing the outdoor experience by providing navigation assistance, fitness tracking, safety features, and valuable data. According to the Outdoor Industry Association, in 2021, a record-breaking 164.2 million Americans, comprising 54% of those aged 6 and above, participated in outdoor recreation at least once, indicating a 6.9% increase since March 2020. The increasing awareness of health and fitness globally is a significant driver for the adoption of smart clocks in the market.

Major companies in the smart clock market are actively focused on developing innovative products with advanced technologies, such as digital alarm clocks with wireless charging, to enhance their market profitability. The integration of wireless charging into smart clocks allows users to conveniently incorporate charging into their daily routines without the need for separate charging pads or cables. In January 2024, Portronics, an India-based innovative solutions provider, launched Bella, a versatile 3-in-1 wireless charger with a clutter-free design, digital alarm clock, and adjustable display brightness. Offering features such as intelligent fast charging for Qi-enabled smartphones and TWS earphones, along with wide compatibility and auto time saving, Bella delivers convenience and durability for users in their daily routines.

Major companies operating in the smart clock market report are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Withings SAS, Lenovo Group Limited, LG Electronics Inc., Xiaomi Corporation, Anker Innovations Limited, Koninklijke Philips N.V., AsusTek Computer Inc., Harman International, Roku Inc., Bose Corporation, Timex Group USA Inc., Casper Sleep Inc., InFocus Corporation, Panasonic Holdings Corporation, iHome Inc., Hatch Retail Inc., Ultimate Ears Inc., Clockwork Synergy Inc

North America was the largest region in the smart clock market in 2023. The regions covered in the smart clock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart clock market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart clock market consists of sales of digital smart clocks, voice-activated smart clocks, touchscreen smart clocks, health and fitness tracking smart clocks, and smart clocks with internet connectivity. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smart Clock Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart clock market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for smart clock ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart clock market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: iOS System Clocks; Android System Clocks; Other Types
2) By Distribution Channel: Specialty Stores; Online; Other Distribution Channels
3) By Application: Children; Adults; Other Applications
Companies Mentioned: Samsung Electronics Co. Ltd.; Huawei Technologies Co. Ltd.; Sony Corporation; Withings SAS; Lenovo Group Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16920

1. Executive Summary

2. Smart Clock Market Characteristics

3. Smart Clock Market Trends And Strategies

4. Smart Clock Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Smart Clock Market Size and Growth

5.1. Global Smart Clock Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Smart Clock Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Smart Clock Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Smart Clock Market Segmentation

6.1. Global Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
iOS System Clocks
Android System Clocks
Other Types
6.2. Global Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Specialty Stores
Online
Other Distribution Channels
6.3. Global Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Children
Adults
Other Applications

7. Smart Clock Market Regional And Country Analysis

7.1. Global Smart Clock Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Clock Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Smart Clock Market

8.1. Asia-Pacific Smart Clock Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Smart Clock Market

9.1. China Smart Clock Market Overview
9.2. China Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Smart Clock Market

10.1. India Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Smart Clock Market

11.1. Japan Smart Clock Market Overview
11.2. Japan Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Smart Clock Market

12.1. Australia Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Smart Clock Market

13.1. Indonesia Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Smart Clock Market

14.1. South Korea Smart Clock Market Overview
14.2. South Korea Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Smart Clock Market

15.1. Western Europe Smart Clock Market Overview
15.2. Western Europe Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Smart Clock Market

16.1. UK Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Smart Clock Market

17.1. Germany Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Smart Clock Market

18.1. France Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Smart Clock Market

19.1. Italy Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Smart Clock Market

20.1. Spain Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Smart Clock Market

21.1. Eastern Europe Smart Clock Market Overview
21.2. Eastern Europe Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Smart Clock Market

22.1. Russia Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Smart Clock Market

23.1. North America Smart Clock Market Overview
23.2. North America Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Smart Clock Market

24.1. USA Smart Clock Market Overview
24.2. USA Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Smart Clock Market

25.1. Canada Smart Clock Market Overview
25.2. Canada Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Smart Clock Market

26.1. South America Smart Clock Market Overview
26.2. South America Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Smart Clock Market

27.1. Brazil Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Smart Clock Market

28.1. Middle East Smart Clock Market Overview
28.2. Middle East Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Smart Clock Market

29.1. Africa Smart Clock Market Overview
29.2. Africa Smart Clock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Smart Clock Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Smart Clock Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Smart Clock Market Competitive Landscape And Company Profiles

30.1. Smart Clock Market Competitive Landscape
30.2. Smart Clock Market Company Profiles
- 30.2.1. Samsung Electronics Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Huawei Technologies Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Sony Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Withings SAS
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Lenovo Group Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Smart Clock Market Other Major And Innovative Companies

31.1. LG Electronics Inc.
31.2. Xiaomi Corporation
31.3. Anker Innovations Limited
31.4. Koninklijke Philips N.V.
31.5. AsusTek Computer Inc.
31.6. Harman International
31.7. Roku Inc.
31.8. Bose Corporation
31.9. Timex Group USA Inc.
31.10. Casper Sleep Inc.
31.11. InFocus Corporation
31.12. Panasonic Holdings Corporation
31.13. iHome Inc.
31.14. Hatch Retail Inc.
31.15. Ultimate Ears Inc.

32. Global Smart Clock Market Competitive Benchmarking

33. Global Smart Clock Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Smart Clock Market

35. Smart Clock Market Future Outlook and Potential Analysis

35.1 Smart Clock Market In 2028 - Countries Offering Most New Opportunities
35.2 Smart Clock Market In 2028 - Segments Offering Most New Opportunities
35.3 Smart Clock Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer