Smartwatches Market
Smartwatches Market By Type (Extension, Standalone, Hybrid Smartwatches), By Operating System (iOS, Android, Linux, Pebble OS, RTOS, Tizen), By Age Group (3-14, 15-24, 25-34, 35-54, 55+ Years), By Sales Channel, By Region - Global Insights 2022 to 2032
Analysis of Smart-watches market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smartwatches Market Outlook (2022 to 2032)
In 2022, the global smartwatches market is valued at US$ 23.5 billion and is predicted to reach US$ 121.5 billion by the end of 2032. Smartwatch sales statistics, as per this revised Fact.MR study, predicts market expansion at a stellar CAGR of 17.8% through 2032.
Apple dominates the smart-watch market and has sold the highest number of units of smartwatches since 2015 when it launched its first watch. While it may have seemed that Android-operated smartwatches would be highly popular over the coming years, Apple’s newly launched smartwatches are expected to put a dent in those expectations.
| Report Attributes | Details |
|---|---|
| Smartwatches Market Size in 2022 | US$ 23.5 Billion |
| Projected Market Value (2032F) | US$ 121.5 Billion |
| Global Market Growth Rate (2022 to 2032) | 17.8% CAGR |
| North America Market Value (2022) | US$ 8.3 Billion |
| Key Companies Profiled | Fitbit Inc.; Samsung Electronics Co. Ltd; Sony Corporation; Garmin Ltd.; Fossil Group Inc.; Apple Inc.; Huawei Technologies Co. Ltd.; Xiaomi Corporation; Nokia Corporation (Withings); LG Electronics Inc. |
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Smartwatch Sales Analysis (2017 to 2021) in Comparison to Market Forecasts (2022 to 2032)
Smart devices have become a crucial and integral part of people’s lives over the past few years and increasing digitization will only bolster this trend in the near future. Smartwatches are one of the most popular smart devices that have gained unprecedented sales and popularity in recent times.
The growing millennial population and rising uptake of smartwatches by the younger population is a key factor that is expected to propel smartwatch sales over the next ten years. High disposable income, growing focus on health and fitness, increasing product launches, and availability of affordable smartwatches are other factors that potentially favor demand for smartwatches. Construction smartwatches and industrial smartwatches are expected to witness a hike in demand across the forecast period.
The future scope of smartwatches is completely dependent on technological advancements in the industry and innovation by smartwatch manufacturing companies such as Apple, Garmin, Fitbit, and Samsung is expected to be of paramount importance over the years to come.
However, the strong market presence of traditional watches is expected to restrain overall smartwatches market potential to a certain extent through 2032. Worldwide shipments of smartwatches are anticipated to surge at a CAGR of 17.8% from 2022 to 2032.
Which is the Main Target Market for Top Smartwatch Brands?
“Growing Urbanization and Rising Popularity of Fitness Tracking among Young Population”
The adoption of smartwatches has been high in the younger population and this trend is expected to be rife over the coming years as well. The younger generation is expected to be a highly lucrative target market for smartwatch manufacturers throughout the forecast period.
Young people are more aware of their health and fitness than ever before and their increasing standards of living are expected to make them favorites for top smartwatch brands.
Increasing urbanization and digitization in Gen Z and the millennial generation are also expected to drive smartwatch shipments among young people through 2032.
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How is High Per Capita Income Factoring in for Smartwatch Sales?
“Rising Disposable Income Driving Market in Developing Economies”
Disposable income in developing and underdeveloped economies has been increasing over the past few years and this trend is expected to favor the overall demand for smartwatches over the coming years. A high per capita income increases the consumer spending potential and this could positively impact shipments of smartwatches through 2032.
Economies such as India and China are witnessing a spike in smartwatch sales owing to high disposable income and the same trend is expected to be observed across the world over the years to come.
This revised smartwatches market study by Fact.MR, a market research and competitive intelligence provider, gives a detailed assessment of all the key smartwatch market trends that could influence the market growth over the next ten years.
Country-wise Insights
What is the Demand Outlook for Smartwatches in the U.S.?
“Rising Expenditure on Smart Devices Driving Smartwatch Demand”
The United States is known for its early adoption of advanced technologies and the nation is at the forefront when it comes to the use of smart devices as well. Expenditure on advanced tech products in the country is higher than ever with both elderly as well as young people opting for smart devices such as smartwatches, smart locks, smart cameras, etc.
Adoption of smartwatches by the elderly is expected to increase owing to the launch of smartwatches designed for the aged people, rising demand for remote monitoring, and increasing awareness of technology and favor the market for smartwatches in the U.S.
Moreover, the presence of key smartwatch suppliers such as Apple is also expected to provide new opportunities in the smartwatch market. Increasing awareness of fitness and health coupled with a high prevalence of obesity is also projected to bolster smartwatch demand in the country through 2032.
Why is India Becoming a Hub for New Smartwatch Companies?
“Favorable Government Initiatives & Attractive Business Opportunities in India”
Technological proliferation in India has increased exponentially over the past few years and this trend is expected to be prominent over the next ten years as well. Adoption of smart devices and wearables is on the rise in the country and this is expected to bolster sales of smartwatches through 2032.
Supportive government initiatives, low labor costs, growing demand for affordable wearables, and increasing disposable income are key factors that attract new companies to India.
- A start-up named WatchOut Wearables, launched in 2018, is making waves in the Indian smartwatch industry by cashing in opportunities in the affordable smartwatch segment, which is a highly attractive segment in the country. Smartwatches from this new company are not only affordable but packed with high-end features such as biometric sensors, heart rate monitors, gesture control, etc.
- In April 2022, Gizmore, an India-based startup, launched a new smartwatch under the ‘Made in India’ program. The GIZFIT 19 PRO comes with premium features and an affordable price tag with impressive battery life.
Indian start-ups are also scaling up with acquisitions to improve their global market presence and business potential.
- In January 2022, Imagine Marketing Private Limited, the parent company that operates the business for boAt, a consumer electronics brand, signed an agreement to acquire Singapore-based wearable IoT product development startup, KaHa Pte Ltd (Cove IoT).
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Category-wise Insights
Which Operating System Will Be More Popular in Smartwatches Going Forward?
“Android-operated Smartwatches Could Gain High Traction”
The global smartwatches market, based on operating system, is segmented into Watch OS (iOS), Android /Android wear, Linux, Pebble OS, RTOS, Tizen, and others.
The watch OS segment is anticipated to account for a dominant market share over the coming years owing to high sales of Apple watches. The watch OS has gained massive popularity owing to the simplicity of the UI and features that it provides.
However, Android-operated smartwatches are anticipated to witness a hike in sales over the coming years as they step up and provide advanced features with better connectivity than that of watch OS-operated watches.
Which Distribution Channel Accounts for High Smartwatch Sales?
“High Sales via Online e-Commerce Stores to Expand Market Size of Smartwatches”
The global smartwatches market, based on sales channel, is segmented into online e-commerce stores, organized retail chains, and unorganized retail stores.
The e-Commerce industry has witnessed major expansion over recent years and this has propelled sales via online channels for all types of products. Rising consumer preference for online shopping, attractive offers, and rapid home delivery services are some of the key factors that promote smartwatch sales via online channels.
The prospect of reaching out to a larger audience via online channels is expected to push manufacturers of smartwatches to invest in online and e-commerce stores to bolster their sales potential. The online e-commerce stores segment accounts for a dominant market share and is expected to maintain this stance through 2032.
Competitive Landscape
Smartwatch suppliers are focusing on product innovation and technological advancements to gain a competitive edge over other market players and increase their revenue generation potential.
- In September 2022, Apple, a leading technology company, announced the launch of its new line of smartwatches. The company launched 3 variants of its new Series 8 watches with different price points to attract consumers with different spending potential. The newly launched products are equipped with new features such as crash detection sensors and advanced temperature sensors.
Key Segments in Smartwatches Industry Research
-
By Type :
- Extension Smartwatches
- Standalone Smartwatches
- Hybrid Smartwatches
-
By Operating System :
- Watch OS (iOS)
- Android /Android Wear
- Linux
- Pebble OS
- RTOS
- Tizen
- Others
-
By Age Group :
- 3-14 Years
- 15-24 Years
- 25-34 Years
- 35-54 Years
- 55+ Years
-
By Sales Channel :
- Online e-Commerce Stores
- Organized Retail Chains
- Unorganized Retail Stores
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032)
- 6. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Operating System
- 6.1. Watch OS (iOS)
- 6.2. Android /Android Wear
- 6.3. Linux
- 6.4. Pebble OS
- 6.5. RTOS
- 6.6. Tizen
- 6.7. Others
- 7. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Type
- 7.1. Extension Smartwatches
- 7.2. Standalone Smartwatches
- 7.3. Hybrid Smartwatches
- 8. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Buyer Age Group
- 8.1. 3-14 Years
- 8.2. 15 to 24 Years
- 8.3. 25-34 Years
- 8.4. 35-54 Years
- 8.5. 55+ Years
- 9. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Sales Channel
- 9.1. Online e-Commerce Stores
- 9.2. Organized Retail Chains
- 9.3. Unorganized Retail Stores
- 10. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. Fitbit Inc.
- 20.2. Samsung Electronics Co. Ltd
- 20.3. Sony Corporation
- 20.4. Garmin Ltd.
- 20.5. Fossil Group Inc.
- 20.6. Apple Inc.
- 20.7. Huawei Technologies Co. Ltd.
- 20.8. Xiaomi Corporation
- 20.9. Nokia Corporation (Withings)
- 20.10. LG Electronics Inc.
- 21. Definitions of Analytical Frameworks
- 22. Sources and References
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List Of Table
Table 01: Global Market Volume (Units), by Operating System, 2017 to 2032
Table 02: Global Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 03: Global Market Volume (Units), by Type, 2017 to 2032
Table 04: Global Market Value (US$ Mn), by Type, 2017 to 2032
Table 05: Global Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 06: Global Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 07: Global Market Volume (Units), by Sales Channel, 2017 to 2032
Table 08: Global Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 09: Global Market Volume (Units), by Region, 2017 to 2032
Table 10: Global Market Value (US$ Mn), by Region, 2017 to 2032
Table 11: North America Market Volume (Units), by Operating System, 2017 to 2032
Table 12: North America Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 13: North America Market Volume (Units), by Type, 2017 to 2032
Table 14: North America Market Value (US$ Mn), by Type, 2017 to 2032
Table 15: North America Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 16: North America Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 17: North America Market Volume (Units), by Sales Channel, 2017 to 2032
Table 18: North America Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 19: North America Market Volume (Units), by Country, 2017 to 2032
Table 20: North America Market Value (US$ Mn), by Country, 2017 to 2032
Table 21: Europe Market Volume (Units), by Operating System, 2017 to 2032
Table 22: Europe Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 23: Europe Market Volume (Units), by Type, 2017 to 2032
Table 24: Europe Market Value (US$ Mn), by Type, 2017 to 2032
Table 25: Europe Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 26: Europe Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 27: Europe Market Volume (Units), by Sales Channel, 2017 to 2032
Table 28: Europe Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 29: Europe Market Volume (Units), by Country, 2017 to 2032
Table 30: Europe Market Value (US$ Mn), by Country, 2017 to 2032
Table 31: East Asia Market Volume (Units), by Operating System, 2017 to 2032
Table 32: East Asia Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 33: East Asia Market Volume (Units), by Type, 2017 to 2032
Table 34: East Asia Market Value (US$ Mn), by Type, 2017 to 2032
Table 35: East Asia Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 36: East Asia Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 37: East Asia Market Volume (Units), by Sales Channel, 2017 to 2032
Table 38: East Asia Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 39: East Asia Market Volume (Units), by Country, 2017 to 2032
Table 40: East Asia Market Value (US$ Mn), by Country, 2017 to 2032
Table 41: South Asia Market Volume (Units), by Operating System, 2017 to 2032
Table 42: South Asia Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 43: South Asia Market Volume (Units), by Type, 2017 to 2032
Table 44: South Asia Market Value (US$ Mn), by Type, 2017 to 2032
Table 45: South Asia Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 46: South Asia Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 47: South Asia Market Volume (Units), by Sales Channel, 2017 to 2032
Table 48: South Asia Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 49: South Asia Market Volume (Units), by Country, 2017 to 2032
Table 50: South Asia Market Value (US$ Mn), by Country, 2017 to 2032
Table 51: Latin America Market Volume (Units), by Operating System, 2017 to 2032
Table 52: Latin America Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 53: Latin America Market Volume (Units), by Type, 2017 to 2032
Table 54: Latin America Market Value (US$ Mn), by Type, 2017 to 2032
Table 55: Latin America Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 56: Latin America Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 57: Latin America Market Volume (Units), by Sales Channel, 2017 to 2032
Table 58: Latin America Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 59: Latin America Market Volume (Units), by Country, 2017 to 2032
Table 60: Latin America Market Value (US$ Mn), by Country, 2017 to 2032
Table 61: Middle East and Africa Market Volume (Units), by Operating System, 2017 to 2032
Table 62: Middle East and Africa Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 63: Middle East and Africa Market Volume (Units), by Type, 2017 to 2032
Table 64: Middle East and Africa Market Value (US$ Mn), by Type, 2017 to 2032
Table 65: Middle East and Africa Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 66: Middle East and Africa Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 67: Middle East and Africa Market Volume (Units), by Sales Channel, 2017 to 2032
Table 68: Middle East and Africa Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 69: Middle East and Africa Market Volume (Units), by Country, 2017 to 2032
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2017 to 2032
Table 71: Oceania Market Volume (Units), by Operating System, 2017 to 2032
Table 72: Oceania Market Value (US$ Mn), by Operating System, 2017 to 2032
Table 73: Oceania Market Volume (Units), by Type, 2017 to 2032
Table 74: Oceania Market Value (US$ Mn), by Type, 2017 to 2032
Table 75: Oceania Market Volume (Units), by Buyer Age Group, 2017 to 2032
Table 76: Oceania Market Value (US$ Mn), by Buyer Age Group, 2017 to 2032
Table 77: Oceania Market Volume (Units), by Sales Channel, 2017 to 2032
Table 78: Oceania Market Value (US$ Mn), by Sales Channel, 2017 to 2032
Table 79: Oceania Market Volume (Units), by Country, 2017 to 2032
Table 80: Oceania Market Value (US$ Mn), by Country, 2017 to 2032
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List Of Figures
Fig 01: Global Market Volume (Units), Value (US$ Thousand) and Y-o-Y Growth, 2017 to 2032
Fig 02: Global Absolute $ Historical Market (2017 to 2021) and Absolute $ Opportunity (2022 to 2032), US$ Mn
Fig 03: Global Absolute Historical Volume Market (2017 to 2021) and Absolute Volume Opportunity (2022 to 2032), Units
Fig 04: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Fig 05: Global Market Incremental $ Opportunity (US$ Thousand), 2022 to 2032
Fig 06: Global Market Share, By Operating System - 2022 to 2032
Fig 07: Global Market Y-o-Y Growth Projections, By Operating System - 2022 to 2032
Fig 08: Global Market Attractiveness Index, By Operating System - 2022 to 2032
Fig 09: Global Market Share, By Type - 2022 to 2032
Fig 10: Global Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Fig 11: Global Market Attractiveness Index, By Type – 2022 to 2032
Fig 12: Global Market Share, By Buyer Age Group - 2022 to 2032
Fig 13: Global Market Y-o-Y Growth Projections, By Buyer Age Group - 2022 to 2032
Fig 14: Global Market Attractiveness Index, By Buyer Age Group - 2022 to 2032
Fig 15: Global Market Share, By Sales Channel - 2022 to 2032
Fig 16: Global Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 17: Global Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 18: Global Market Share, by Region – 2022 to 2032
Fig 19: Global Market Y-o-Y Growth Projections, by Region – 2022 to 2032
Fig 20: Global Market Attractiveness Index, by Region – 2022 to 2032
Fig 21: North America Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 22: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 23: North America Market Share, By Operating System – 2022 to 2032
Fig 24: North America Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 25: North America Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 26: North America Market Share, By Type – 2022 to 2032
Fig 27: North America Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 28: North America Market Attractiveness Index, By Type – 2022 to 2032
Fig 29: North America Market Share, By Buyer Age Group – 2022 to 2032
Fig 30: North America Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 31: North America Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 32: North America Market Share, By Sales Channel – 2022 to 2032
Fig 33: North America Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 34: North America Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 35: North America Market Share, By Country – 2022 to 2032
Fig 36: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 37: North America Market Attractiveness Index, By Country – 2022 to 2032
Fig 38: Europe Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 39: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 40: Europe Market Share, By Operating System – 2022 to 2032
Fig 41: Europe Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 42: Europe Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 43: Europe Market Share, By Type – 2022 to 2032
Fig 44: Europe Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 45: Europe Market Attractiveness Index, By Type – 2022 to 2032
Fig 46: Europe Market Share, By Buyer Age Group – 2022 to 2032
Fig 47: Europe Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 48: Europe Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 49: Europe Market Share, By Sales Channel – 2022 to 2032
Fig 50: Europe Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 51: Europe Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 52: Europe Market Share, By Country – 2022 to 2032
Fig 53: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 54: Europe Market Attractiveness Index, By Country – 2022 to 2032
Fig 55: East Asia Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 56: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 57: East Asia Market Share, By Operating System – 2022 to 2032
Fig 58: East Asia Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 59: East Asia Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 60: East Asia Market Share, By Type – 2022 to 2032
Fig 61: East Asia Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 62: East Asia Market Attractiveness Index, By Type – 2022 to 2032
Fig 63: East Asia Market Share, By Buyer Age Group – 2022 to 2032
Fig 64: East Asia Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 65: East Asia Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 66: East Asia Market Share, By Sales Channel – 2022 to 2032
Fig 67: East Asia Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 68: East Asia Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 69: East Asia Market Share, By Country – 2022 to 2032
Fig 70: East Asia Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 71: East Asia Market Attractiveness Index, By Country – 2022 to 2032
Fig 72: South Asia Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 73: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 74: South Asia Market Share, By Operating System – 2022 to 2032
Fig 75: South Asia Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 76: South Asia Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 77: South Asia Market Share, By Type – 2022 to 2032
Fig 78: South Asia Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 79: South Asia Market Attractiveness Index, By Type – 2022 to 2032
Fig 80: South Asia Market Share, By Buyer Age Group – 2022 to 2032
Fig 81: South Asia Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 82: South Asia Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 83: South Asia Market Share, By Sales Channel – 2022 to 2032
Fig 84: South Asia Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 85: South Asia Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 86: South Asia Market Share, By Country – 2022 to 2032
Fig 87: South Asia Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 88: South Asia Market Attractiveness Index, By Country – 2022 to 2032
Fig 89: Latin America Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 90: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 91: Latin America Market Share, By Operating System – 2022 to 2032
Fig 92: Latin America Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 93: Latin America Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 94: Latin America Market Share, By Type – 2022 to 2032
Fig 95: Latin America Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 96: Latin America Market Attractiveness Index, By Type – 2022 to 2032
Fig 97: Latin America Market Share, By Buyer Age Group – 2022 to 2032
Fig 98: Latin America Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 99: Latin America Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 100: Latin America Market Share, By Sales Channel – 2022 to 2032
Fig 101: Latin America Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 102: Latin America Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 103: Latin America Market Share, By Country – 2022 to 2032
Fig 104: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 105: Latin America Market Attractiveness Index, By Country – 2022 to 2032
Fig 106: MEA Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 107: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 108: MEA Market Share, By Operating System – 2022 to 2032
Fig 109: MEA Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 110: MEA Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 111: MEA Market Share, By Type – 2022 to 2032
Fig 112: MEA Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 113: MEA Market Attractiveness Index, By Type – 2022 to 2032
Fig 114: MEA Market Share, By Buyer Age Group – 2022 to 2032
Fig 115: MEA Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 116: MEA Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 117: MEA Market Share, By Sales Channel – 2022 to 2032
Fig 118: MEA Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 119: MEA Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 120: MEA Market Share, By Country – 2022 to 2032
Fig 121: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 122: MEA Market Attractiveness Index, By Country – 2022 to 2032
Fig 123: Oceania Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2017 to 2032
Fig 124: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 125: Oceania Market Share, By Operating System – 2022 to 2032
Fig 126: Oceania Market Y-o-Y Growth Projections, By Operating System – 2022 to 2032
Fig 127: Oceania Market Attractiveness Index, By Operating System – 2022 to 2032
Fig 128: Oceania Market Share, By Type – 2022 to 2032
Fig 129: Oceania Market Y-o-Y Growth Projections, By Type – 2022 to 2032
Fig 130: Oceania Market Attractiveness Index, By Type – 2022 to 2032
Fig 131: Oceania Market Share, By Buyer Age Group – 2022 to 2032
Fig 132: Oceania Market Y-o-Y Growth Projections, By Buyer Age Group – 2022 to 2032
Fig 133: Oceania Market Attractiveness Index, By Buyer Age Group – 2022 to 2032
Fig 134: Oceania Market Share, By Sales Channel – 2022 to 2032
Fig 135: Oceania Market Y-o-Y Growth Projections, By Sales Channel – 2022 to 2032
Fig 136: Oceania Market Attractiveness Index, By Sales Channel – 2022 to 2032
Fig 137: Oceania Market Share, By Country – 2022 to 2032
Fig 138: Oceania Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Fig 139: Oceania Market Attractiveness Index, By Country – 2022 to 2032
Fig 140: United States Market share by Operating System, 2021
Fig 141: United States Market share by Type, 2021
Fig 142: United States Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 143: United States Market Share by Sales Channel, 2021
Fig 144: Canada Market share by Operating System, 2021
Fig 145: Canada Market share by Type, 2021
Fig 146: Canada Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 147: Canada Market Share by Sales Channel, 2021
Fig 148: Germany Market share by Operating System, 2021
Fig 149: Germany Market share by Type, 2021
Fig 150: Germany Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 151: Germany Market Share by Sales Channel, 2021
Fig 152: United Kingdom Market share by Operating System, 2021
Fig 153: United Kingdom Market share by Type, 2021
Fig 154: United Kingdom Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 155: United Kingdom Market Share by Sales Channel, 2021
Fig 156: France Market share by Operating System, 2021
Fig 157: France Market share by Type, 2021
Fig 158: France Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 159: France Market Share by Sales Channel, 2021
Fig 160: Russia Market share by Operating System, 2021
Fig 161: Russia Market share by Type, 2021
Fig 162: Russia Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 163: Russia Market Share by Sales Channel, 2021
Fig 164: Spain Market share by Operating System, 2021
Fig 165: Spain Market share by Type, 2021
Fig 166: Spain Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 167: Spain Market Share by Sales Channel, 2021
Fig 168: Italy Market share by Operating System, 2021
Fig 169: Italy Market share by Type, 2021
Fig 170: Italy Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 171: Italy Market Share by Sales Channel, 2021
Fig 172: China Market share by Operating System, 2021
Fig 173: China Market share by Type, 2021
Fig 174: China Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 175: China Market Share by Sales Channel, 2021
Fig 176: Japan Market share by Operating System, 2021
Fig 177: Japan Market share by Type, 2021
Fig 178: Japan Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 179: Japan Market Share by Sales Channel, 2021
Fig 180: South Korea Market share by Operating System, 2021
Fig 181: South Korea Market share by Type, 2021
Fig 182: South Korea Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 183: South Korea Market Share by Sales Channel, 2021
Fig 184: India Market share by Operating System, 2021
Fig 185: India Market share by Type, 2021
Fig 186: India Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 187: India Market Share by Sales Channel, 2021
Fig 188: Singapore Market share by Operating System, 2021
Fig 189: Singapore Market share by Type, 2021
Fig 190: Singapore Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 191: Singapore Market Share by Sales Channel, 2021
Fig 192: Indonesia Market share by Operating System, 2021
Fig 193: Indonesia Market share by Type, 2021
Fig 194: Indonesia Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 195: Indonesia Market Share by Sales Channel, 2021
Fig 196: Thailand Market share by Operating System, 2021
Fig 197: Thailand Market share by Type, 2021
Fig 198: Thailand Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 199: Thailand Market Share by Sales Channel, 2021
Fig 200: Brazil Market share by Operating System, 2021
Fig 201: Brazil Market share by Type, 2021
Fig 202: Brazil Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 203: Brazil Market Share by Sales Channel, 2021
Fig 204: Mexico Market share by Operating System, 2021
Fig 205: Mexico Market share by Type, 2021
Fig 206: Mexico Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 207: Mexico Market Share by Sales Channel, 2021
Fig 208: Turkey Market share by Operating System, 2021
Fig 209: Turkey Market share by Type, 2021
Fig 210: Turkey Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 211: Turkey Market Share by Sales Channel, 2021
Fig 212: GCC Countries Market share by Operating System, 2021
Fig 213: GCC Countries Market share by Type, 2021
Fig 214: GCC Countries Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 215: GCC Countries Market Share by Sales Channel, 2021
Fig 216: South Africa Market share by Operating System, 2021
Fig 217: South Africa Market share by Type, 2021
Fig 218: South Africa Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 219: South Africa Market Share by Sales Channel, 2021
Fig 220: Australia Market share by Operating System, 2021
Fig 221: Australia Market share by Type, 2021
Fig 222: Australia Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 223: Australia Market Share by Sales Channel, 2021
Fig 224: New Zealand Market share by Operating System, 2021
Fig 225: New Zealand Market share by Type, 2021
Fig 226: New Zealand Market Value (US$ Mn) and Forecast 2022 to 2032
Fig 227: New Zealand Market Share by Sales Channel, 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current size of the smartwatches market?
The global smartwatches market accounts for a value of US$ 23.5 billion in 2022.
What is the estimated smartwatches market value for 2032?
By 2032, the global market for smartwatches is predicted to reach US$ 121.5 billion.
At what pace will the smartwatches market progress?
From 2022 to 2032, sales of smartwatches are expected to surge at 17.8% CAGR.
What are the factors driving demand for smartwatches?
Increasing health awareness, technological advancements, high availability of affordable smartwatches, and rising per capita disposable income are key factors driving smartwatch demand.
Who are the leading players in the smartwatches market?
Fitbit Inc., Samsung Electronics Co. Ltd, Sony Corporation, Garmin Ltd., Fossil Group Inc., Apple Inc., and Huawei Technologies Co. Ltd. are key smartwatch manufacturers.
What is the target segment for smartwatch manufacturers?
The young population that is growing more aware of fitness & health is the main target market for smartwatch suppliers.
Smartwatches Market