Market Overview:
The global smart watches market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart watches from men, women, and kids applications. Additionally, the growing demand for smart watches with better screen display and combine with machine watch is also propelling the growth of this market. However, high cost associated with these devices may hamper the growth of this market in some regions during the forecast period.
Product Definition:
A Smart Watch is a wearable computer that is worn on the wrist. It is a type of wearable technology that incorporates features of a computer, typically including a display, into an electronic watch.
Screen Display:
The global screen display market is expected to witness significant growth over the forecast period. Screen displays are an integral part of smartwatches and other wearable devices. They constitute a major portion of the total cost involved in manufacturing these devices, which makes them one of the key revenue generating sources for vendors.
Screen displays can be segmented into two types: Analog and Digital screens.
Combine with Machine Watch:
Combine with machine watch is a technology that allows smartphones to interact with machines through the use of Bluetooth Low Energy (BLE). The technology was developed by Apple Inc. and was initially introduced in its iPad Air 2. It enables smartphones to perform actions similar to a smartwatch such as receiving calls, texts, emails and notifications on the screen without being connected to an external device.
Application Insights:
The kid's segment held the largest market share of more than 30.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing use of smartwatches for monitoring activities such as studies, sleep, nutrition, meals consumed etc., has led to increased adoption of these devices by parents who are trying to keep track of their childrens activities. Moreover, introduction of new features such as face recognition and location tracking have further boosted the usage rate among kids.
Men accounted for a considerable market share in 2017 owing to rising product demand from working professionals looking for health & fitness related applications along with advanced time management capabilities coupled with mobile payments functionality which is boosting its application scope across various industries globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing product penetration, rising disposable income of consumers, and high demand for smartwatches from prominent vendors such as Apple Inc., Samsung Electronics Co., Ltd., and Google LLC among others.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing smartphone penetration in developing economies including China and India among others. Moreover, growing investments by prominent players such as Huawei Technologies Co., Ltd.; Samsung Electronics; BBK electronics (Includes brands like vivo); LG Electronics; Sony Corporation; Fujitsu Limited; Panasonic Corporation; ZTE Corporation are expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of 29.4% from 2016 to 2020, reaching 0.9 billion by 2020. This growth can be attributed to the increasing demand for smart watches and other wearable devices from consumers and enterprises alike.
- Proliferation of low-cost sensors: The miniaturization of sensors and the declining prices of these components are enabling the development of low-cost smart watches and other wearables. This is helping fuel the growth of the market for smart watches and other wearables.
- Growing popularity of fitness trackers: Fitness trackers are one of the most popular types of wearable devices, and their popularity is driving demand for smart watches as well, as they offer similar functionality but at a lower price point than most fitness trackers do standalone .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Watches Market Research Report
By Type
Screen Display, Combine with Machine Watch
By Application
Men, Women, Kids
By Companies
Apple, HUAWEI, SAMSUNG, Motorola, SUUNTO, Garmin, EZON, OKII, Abardeen, Sony, HONOR, TOMTOM, Shanghai Nutshell, Meizu, Fitbit, Pebble, Nike, Casio, LG
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Smart Watches Market Report Segments:
The global Smart Watches market is segmented on the basis of:
Types
Screen Display, Combine with Machine Watch
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, Kids
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:
- Apple
- HUAWEI
- SAMSUNG
- Motorola
- SUUNTO
- Garmin
- EZON
- OKII
- Abardeen
- Sony
- HONOR
- TOMTOM
- Shanghai Nutshell
- Meizu
- Fitbit
- Pebble
- Nike
- Casio
- LG
Highlights of The Smart 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:
- Screen Display
- Combine with Machine Watch
- By Application:
- Men
- Women
- Kids
- 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 Smart 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.
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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?
Smart watches are wearable devices that allow users to access a variety of information, including notifications from their phone. They can also be used for tracking fitness and activity data, as well as receiving calls and messages.
Some of the major players in the smart watches market are Apple, HUAWEI, SAMSUNG, Motorola, SUUNTO, Garmin, EZON, OKII, Abardeen, Sony, HONOR, TOMTOM, Shanghai Nutshell, Meizu, Fitbit, Pebble, Nike, Casio, LG.
The smart watches market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart 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 Smart Watches Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Smart 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 Smart 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 Smart Watches Market Size & Forecast, 2018-2028 4.5.1 Smart Watches Market Size and Y-o-Y Growth 4.5.2 Smart Watches Market Absolute $ Opportunity
Chapter 5 Global Smart Watches 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 Smart Watches Market Size Forecast by Type
5.2.1 Screen Display
5.2.2 Combine with Machine Watch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Watches 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 Smart Watches Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.2.3 Kids
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart 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 Smart 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 Smart Watches Analysis and Forecast
9.1 Introduction
9.2 North America Smart Watches 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 Smart Watches Market Size Forecast by Type
9.6.1 Screen Display
9.6.2 Combine with Machine Watch
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 Smart Watches Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
9.10.3 Kids
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 Smart Watches Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Watches 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 Smart Watches Market Size Forecast by Type
10.6.1 Screen Display
10.6.2 Combine with Machine Watch
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 Smart Watches Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
10.10.3 Kids
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 Smart Watches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Watches 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 Smart Watches Market Size Forecast by Type
11.6.1 Screen Display
11.6.2 Combine with Machine Watch
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 Smart Watches Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
11.10.3 Kids
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 Smart Watches Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Watches 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 Smart Watches Market Size Forecast by Type
12.6.1 Screen Display
12.6.2 Combine with Machine Watch
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 Smart Watches Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
12.10.3 Kids
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) Smart Watches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Watches 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) Smart Watches Market Size Forecast by Type
13.6.1 Screen Display
13.6.2 Combine with Machine Watch
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) Smart Watches Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
13.10.3 Kids
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 Smart Watches Market: Competitive Dashboard
14.2 Global Smart Watches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 HUAWEI
14.3.3 SAMSUNG
14.3.4 Motorola
14.3.5 SUUNTO
14.3.6 Garmin
14.3.7 EZON
14.3.8 OKII
14.3.9 Abardeen
14.3.10 Sony
14.3.11 HONOR
14.3.12 TOMTOM
14.3.13 Shanghai Nutshell
14.3.14 Meizu
14.3.15 Fitbit
14.3.16 Pebble
14.3.17 Nike
14.3.18 Casio
14.3.19 LG