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Global Smartwatch Market to reach USD 57.16 billion by the end of 2029

Global Smartwatch Market Size study & Forecast, by Operating System (Watch OS, Wear OS, Other Operating Systems) by Display Type (AMOLED, PMOLED, TFT LCD), by End User (Personal Assistance, Medical, Sports) and Regional Analysis, 2022-2029

Product Code: ECE-14514729
Publish Date: 19-12-2022
Page: 200

Global Smartwatch Market is valued at approximately USD 30.43 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2022-2029.

A smartwatch is a variety of wearable computer that enables the individual a local touchscreen interface for daily use and it also present unique insights into users’ location and health-related information. The growing health awareness among consumers, rising inclination for fitness tracking and health monitoring features, and increasing spending power of the population are the key factors that are spurring the market demand around the world.

The propelling demand for wearable devices among the population is likely to act as a catalyzing factor for market growth. According to Statista, the number of connected wearable devices worldwide was valued at 593 million in 2018, which is projected to reach 1,105 million devices by the end of 2022. Accordingly, the smartwatch enables users to keep track of their health status which is gaining high traction, thus, in turn, stipulating the growth of the market. Moreover, the rising technological advancements in the smartwatch, as well as the increasing availability of products on various e-commerce platforms are likely to create various opportunities in the foreseen years. However, the growing complexity of wearable devices and the availability of substitute products are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smartwatch Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the high technology adoption and presence of well-established market players. Whereas, the Asia Pacific is expected to grow with the highest CAGRduring the forecast period. Factors such as a rising inclination toward smart wearables, as well as increasing disposable income, are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Apple Inc.
Samsung Electronics Co., Ltd
Garmin Ltd
Fitbit Inc.
Fossil Group Inc.
Huawei Technologies Co., Ltd
Sony Corporation
Lenovo Group Limited
Zepp Health Corporation
LG Electronics Inc.
Recent Developments in the Market:
 In June 2022, Apple Inc. unveils its new watchOS 9 with the latest features and better experiences for the wearable operating system. The new product offers more information and opportunity for personalization. In the updated Workout app, advanced metrics, views, and training experiences inspired by high-performing athletes help users take their workouts to the next level.
 In January 2022, Fossil and Razer entered into a partnership agreement with the aim of introducing a limited-edition smartwatch- the Razer X Fossil Gen 6 Smartwatch. The co-branded wearable influences Fossil’s innovative smartwatch platform and features three exclusive Razer watch faces, such as Text, Analog, and Chroma, and two stylish interchangeable straps.
Global Smartwatch Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Operating System, Display Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Operating System:
Watch OS
Wear OS
Other Operating Systems
By Display Type:
AMOLED
PMOLED
TFT LCD e
By End User:
Personal Assistance
Medical
Sports
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Smartwatch Market, by Region, 2019-2029 (USD Billion)
1.2.2. Smartwatch Market, by Operating System, 2019-2029 (USD Billion)
1.2.3. Smartwatch Market, by Display Type, 2019-2029 (USD Billion)
1.2.4. Smartwatch Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smartwatch Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smartwatch Market Dynamics
3.1. Smartwatch Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing health awareness among the consumers
3.1.1.2. Rising propelling demand for wearable device
3.1.2. Market Challenges
3.1.2.1. Growing complexity of wearable devices
3.1.2.2. Availability of substitute products
3.1.3. Market Opportunities
3.1.3.1. Rising technological advancements in the smartwatch
3.1.3.2. Increasing availability of products on various e-commerce platforms
Chapter 4. Global Smartwatch Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Smartwatch Market, by Operating System
6.1. Market Snapshot
6.2. Global Smartwatch Market by Operating System, Performance – Potential Analysis
6.3. Global Smartwatch Market Estimates & Forecasts by Operating System 2019-2029 (USD Billion)
6.4. Smartwatch Market, Sub Segment Analysis
6.4.1. Watch OS
6.4.2. Wear OS
6.4.3. Other Operating Systems
Chapter 7. Global Smartwatch Market, by Display Type
7.1. Market Snapshot
7.2. Global Smartwatch Market by Display Type, Performance – Potential Analysis
7.3. Global Smartwatch Market Estimates & Forecasts by Display Type 2019-2029 (USD Billion)
7.4. Smartwatch Market, Sub Segment Analysis
7.4.1. AMOLED
7.4.2. PMOLED
7.4.3. TFT LCD
Chapter 8. Global Smartwatch Market, by End User
8.1. Market Snapshot
8.2. Global Smartwatch Market by End User, Performance – Potential Analysis
8.3. Global Smartwatch Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. Smartwatch Market, Sub Segment Analysis
8.4.1. Personal Assistance
8.4.2. Medical
8.4.3. Sports
Chapter 9. Global Smartwatch Market, Regional Analysis
9.1. Smartwatch Market, Regional Market Snapshot
9.2. North America Smartwatch Market
9.2.1. U.S. Smartwatch Market
9.2.1.1. Operating System breakdown estimates & forecasts, 2019-2029
9.2.1.2. Display Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Smartwatch Market
9.3. Europe Smartwatch Market Snapshot
9.3.1. U.K. Smartwatch Market
9.3.2. Germany Smartwatch Market
9.3.3. France Smartwatch Market
9.3.4. Spain Smartwatch Market
9.3.5. Italy Smartwatch Market
9.3.6. Rest of Europe Smartwatch Market
9.4. Asia-Pacific Smartwatch Market Snapshot
9.4.1. China Smartwatch Market
9.4.2. India Smartwatch Market
9.4.3. Japan Smartwatch Market
9.4.4. Australia Smartwatch Market
9.4.5. South Korea Smartwatch Market
9.4.6. Rest of Asia Pacific Smartwatch Market
9.5. Latin America Smartwatch Market Snapshot
9.5.1. Brazil Smartwatch Market
9.5.2. Mexico Smartwatch Market
9.6. Rest of The World Smartwatch Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Apple Inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Samsung Electronics Co., Ltd
10.2.3. Garmin Ltd
10.2.4. Fitbit Inc.
10.2.5. Fossil Group Inc.
10.2.6. Huawei Technologies Co., Ltd
10.2.7. Sony Corporation
10.2.8. Lenovo Group Limited
10.2.9. Zepp Health Corporation
10.2.10. LG Electronics Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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