Market Overview:
The global digital watches market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as technological advancements, increasing demand for smart watches and rising disposable income of consumers. In terms of type, the digital quartz segment is expected to dominate the global digital watches market during the forecast period owing to its low cost and high accuracy. In terms of application, men are expected to account for a larger share of the global digital watches market during the forecast period owing to their growing preference for smartwatches over traditional analog watches.
Product Definition:
A digital watch is a type of watch that displays the time digitally, as opposed to an analog watch, which uses hands on a dial. Digital watches usually have a LCD (liquid crystal display) screen. The first digital watches were created in the 1970s.
Digital Quartz:
Digital quartz is a precise electronic device used in wrist-worn timepieces to keep the seconds hand of an analog watch accurate. It's main function is to provide the precision of quartz crystal oscillator which keeps seconds and minutes hands on an analog clock synchronized.
Pointer Quartz:
Pointer quartz is a specific type of mineral that has two different minerals joined together in an amorphous mass. It can be used as a timekeeping element in digital or analog watches. The internal friction of the material causes it to heat up and slow down, hence making it suitable for use as a clock mechanism.
Application Insights:
Men accounted for the largest share of more than 50.0% in 2017. The global demand for digital watches by men is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing adoption of smart wearable devices, such as Apple Watch and Samsung Gear S2, among male adults across the globe. Furthermore, growing preference for leather wristbands over plastic on account of enhanced aesthetic appeal will further boost product demand among adult males in the forthcoming years.
The women segment held a significant share in 2017 and is expected to grow at a rapid pace over the forecast period due to rising number of female working population globally who prefer wearing fashionable accessories such as bracelets and watches that are compatible with mobile phones, tablets etc., Additionally, increasing awareness regarding health issues coupled with an increase in spending capacity among women consumers will drive market growth over the forecast period in near future.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing disposable income and changing consumer behavior in developing countries like China and India. Furthermore, rising popularity of fitness watches has been driving the regional market further. For instance, Xiaomi Corporation launched its new fitness tracker with support for digital watch called Mi Band 1S on June 15th 2017 in China. The product is available in two variants: aluminum and stainless steel with black silicone band or white leather strap (costing around USD X). It tracks steps taken, distance covered, calories burned as well as sleep quality & duration (costing around USD X).
North America region accounted for more than 25% share of global revenue in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for smart watches: The global market for smart watches is expected to grow at a CAGR of more than 28% during the forecast period. This is mainly due to the increasing demand for wearable devices and technological advancements in this field.
- Rising disposable income: With rising disposable incomes, consumers are increasingly inclined towards purchasing premium and luxury products such as digital watches. This is providing a major boost to the growth of the digital watch market.
- Growing popularity of fitness trackers: Fitness trackers are equipped with sensors that monitor various physical activities such as heart rate, steps taken, etc., which has made them extremely popular among consumers worldwide. This is benefiting the growth of the digital watch market as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Watches Market Research Report
By Type
Digital Quartz, Pointer Quartz, Others
By Application
Men, Women, Children
By Companies
Patek Philippe, Cartier, Lange & Sohne, Audemars Piguet, Breguet, Glashutte Original, Vacheron & Constantin, IWC, Girard Perregaux, Ulysse Nardin, Patek Philippe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Digital Watches Market Report Segments:
The global Digital Watches market is segmented on the basis of:
Types
Digital Quartz, Pointer Quartz, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women, Children
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Patek Philippe
- Cartier
- Lange & Sohne
- Audemars Piguet
- Breguet
- Glashutte Original
- Vacheron & Constantin
- IWC
- Girard Perregaux
- Ulysse Nardin
- Patek Philippe
Highlights of The Digital Watches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Quartz
- Pointer Quartz
- Others
- By Application:
- Men
- Women
- Children
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Watches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital watches are wristwatches that use digital displays to show the time. They can be powered by batteries or by an AC adapter.
Some of the key players operating in the digital watches market are Patek Philippe, Cartier, Lange & Sohne, Audemars Piguet, Breguet, Glashutte Original, Vacheron & Constantin, IWC, Girard Perregaux, Ulysse Nardin, Patek Philippe.
The digital watches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Watches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Watches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Watches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Watches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Watches Market Size & Forecast, 2020-2028
4.5.1 Digital Watches Market Size and Y-o-Y Growth
4.5.2 Digital Watches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Quartz
5.2.2 Pointer Quartz
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.2.3 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Watches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Watches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Quartz
9.6.2 Pointer Quartz
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
9.10.3 Children
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Quartz
10.6.2 Pointer Quartz
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
10.10.3 Children
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Quartz
11.6.2 Pointer Quartz
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
11.10.3 Children
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Quartz
12.6.2 Pointer Quartz
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
12.10.3 Children
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Quartz
13.6.2 Pointer Quartz
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
13.10.3 Children
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Watches Market: Competitive Dashboard
14.2 Global Digital Watches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Patek Philippe
14.3.2 Cartier
14.3.3 Lange & Sohne
14.3.4 Audemars Piguet
14.3.5 Breguet
14.3.6 Glashutte Original
14.3.7 Vacheron & Constantin
14.3.8 IWC
14.3.9 Girard Perregaux
14.3.10 Ulysse Nardin
14.3.11 Patek Philippe
