Global Smartwatch Market Analysis 2021
The Global Smartwatch market is expected to reach $85.72 billion by 2027 growing at a CAGR of 19.2% during 2020 to 2027. Smartwatches are designed to, either on their own or when paired with a smartphone, offer highlights like concerning the internet, messaging via text or video, running mobile apps, accessing stock & weather updates, providing fitness monitoring capabilities, offering GPS coordinates & location directions, and more.
Factors such as growth in demand for wireless fitness & sports devices and increase in health awareness among the consumers are driving the market growth. Though, the high initial cost of the smartwatch is restraining the market. The rise in investment in building connected ecosystems is the opportunity for the Smartwatch market.
Based on product, the standalone smart watch segment is anticipated to grow at a significant rate during the forecast period with the rise in awareness over the advanced versions of the products at affordable prices. Moreover, the increasing consumption rate of smartphones and laptops is also spurring the growth of the segment.
The key vendors mentioned are Google Inc., Apple Inc., Huawei Technologies Co. Ltd., Garmin, Fitbit, Sony Corporation, Motorola, Samsung Electronics, LG Electronics, TomTom International BV, ASUSTeK Computer Inc, Alphabet Inc, Microsoft, Michael Kors, Xiaomi, Fossil Group, Polar Electro, Giorgio Armani S.p.A, Dexcom, Inc, and adidas America Inc.
Products Covered:
• Classical/Hybrid Smart Watch
• Extension Smart Watch/Companion Smart Watch
• Standalone Smart Watch
Operating Systems Covered:
• Android/Wear OS
• Real-Time Operating System (RTOS)
• Tizen
• WatchOS (iOS)
• Pebble Operating System
• Linux
• Windows
• Apple Watch Kit
• Embedded Operating System
• Firefox Operating System
• Asteroid Operating System
• Sailfish Operating System
• Ubuntu Touch
Display Types Covered:
• Thin Film Transistor Liquid Crystal Display (TFTLCD)
• Active Matrix Organic Light Emitting Diodes (AMOLED)
• Passive Matrix Organic Light-Emitting Diode (PMOLED)
• Interferometric Modulator Display
Age Groups Covered:
• 3-14 Years
• 15-24 Years
• 25-34 Years
• 35-54 Years
• 55+ Years
Price Ranges Covered:
• High Price
• Medium Price
• Low Price
Sales Channels Covered:
• Online E-commerce Store
• Organized Retail Chain
• Unorganized Retail Store
• Modern Trade
• Franchised Outlets
• Speciality Stores
Genders Covered:
• Men
• Women
Processors Covered:
• Single-Core
• Dual-Core
• Quad-Core
• Apple S1
RAMs Covered:
• 512 MB
• 1 GB
• 2 GB
• 3 GB
• 4 GB
Wireless Technologies Covered:
• Bluetooth
• Wi-Fi
• Global Positioning System (GPS)
Applications Covered:
• Healthcare & Medical
• Personal Assistance & Safety
• Sports
• Wellness & Fitness
• Media and Entertainment
• Communication
End Users Covered:
• Commerical Use
• Personal Use
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 4 Market Environment
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Smartwatch Market, By Product
- 5.1 Introduction
- 5.2 Classical/Hybrid Smart Watch
- 5.3 Extension Smart Watch/Companion Smart Watch
- 5.4 Standalone Smart Watch
- 6 Global Smartwatch Market, By Operating System
- 6.1 Introduction
- 6.2 Android/Wear OS
- 6.3 Real-Time Operating System (RTOS)
- 6.4 Tizen
- 6.5 WatchOS (iOS)
- 6.6 Pebble Operating System
- 6.7 Linux
- 6.8 Windows
- 6.9 Apple Watch Kit
- 6.10 Embedded Operating System
- 6.11 Firefox Operating System
- 6.12 Asteroid Operating System
- 6.13 Sailfish Operating System
- 6.14 Ubuntu Touch
- 7 Global Smartwatch Market, By Display Type
- 7.1 Introduction
- 7.2 Thin Film Transistor Liquid Crystal Display (TFTLCD)
- 7.3 Active Matrix Organic Light Emitting Diodes (AMOLED)
- 7.4 Passive Matrix Organic Light-Emitting Diode (PMOLED)
- 7.5 Interferometric Modulator Display
- 8 Global Smartwatch Market, By Age Group
- 8.1 Introduction
- 8.2 3-14 Years
- 8.3 15-24 Years
- 8.4 25-34 Years
- 8.5 35-54 Years
- 8.6 55+ Years
- 9 Global Smartwatch Market, By Price Range
- 9.1 Introduction
- 9.2 High Price
- 9.3 Medium Price
- 9.4 Low Price
- 10 Global Smartwatch Market, By Sales Channel
- 10.1 Introduction
- 10.2 Online E-commerce Store
- 10.3 Organized Retail Chain
- 10.4 Unorganized Retail Store
- 10.5 Modern Trade
- 10.6 Franchised Outlets
- 10.7 Speciality Stores
- 11 Global Smartwatch Market, By Gender
- 11.1 Introduction
- 11.2 Men
- 11.3 Women
- 12 Global Smartwatch Market, By Processor
- 12.1 Introduction
- 12.2 Single-Core
- 12.3 Dual-Core
- 12.4 Quad-Core
- 12.5 Apple S1
- 13 Global Smartwatch Market, By RAM
- 13.1 Introduction
- 13.2 512 MB
- 13.3 1 GB
- 13.4 2 GB
- 13.5 3 GB
- 13.6 4 GB
- 14 Global Smartwatch Market, By Wireless Technology
- 14.1 Introduction
- 14.2 Bluetooth
- 14.3 Wi-Fi
- 14.4 Global Positioning System (GPS)
- 15 Global Smartwatch Market, By Application
- 15.1 Introduction
- 15.2 Healthcare & Medical
- 15.3 Personal Assistance & Safety
- 15.4 Sports
- 15.5 Wellness & Fitness
- 15.6 Media and Entertainment
- 15.7 Communication
- 16 Global Smartwatch Market, By End User
- 16.1 Introduction
- 16.2 Commerical Use
- 16.3 Personal Use
- 17 Global Smartwatch Market, By Geography
- 17.1 Introduction
- 17.2 North America
- 17.3 Europe
- 17.4 Asia Pacific
- 17.5 South America
- 17.6 Middle East & Africa
- 18 Strategic Benchmarking
- 19 Vendors Landscape
- 19.1 Google Inc.
- 19.2 Apple Inc.
- 19.3 Huawei Technologies Co. Ltd.
- 19.4 Garmin
- 19.5 Fitbit
- 19.6 Sony Corporation
- 19.7 Motorola
- 19.8 Samsung Electronics
- 19.9 LG Electronics
- 19.10 TomTom International BV
- 19.11 ASUSTeK Computer Inc
- 19.12 Alphabet Inc
- 19.13 Microsoft
- 19.14 Michael Kors
- 19.15 Xiaomi
- 19.16 Fossil Group
- 19.17 Polar Electro
- 19.18 Giorgio Armani S.p.A
- 19.19 Dexcom, Inc
- 19.20 adidas America Inc
- List of Data Tables
- Table 1 Global Smartwatch Market Outlook, By Region (2019-2027) ($MN)
- Table 2 Global Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 3 Global Smartwatch Market Outlook, By Classical/Hybrid Smart Watch (2019-2027) ($MN)
- Table 4 Global Smartwatch Market Outlook, By Extension Smart Watch/Companion Smart Watch (2019-2027) ($MN)
- Table 5 Global Smartwatch Market Outlook, By Standalone Smart Watch (2019-2027) ($MN)
- Table 6 Global Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 7 Global Smartwatch Market Outlook, By Android/Wear OS (2019-2027) ($MN)
- Table 8 Global Smartwatch Market Outlook, By Real-Time Operating System (RTOS) (2019-2027) ($MN)
- Table 9 Global Smartwatch Market Outlook, By Tizen (2019-2027) ($MN)
- Table 10 Global Smartwatch Market Outlook, By WatchOS (iOS) (2019-2027) ($MN)
- Table 11 Global Smartwatch Market Outlook, By Pebble Operating System (2019-2027) ($MN)
- Table 12 Global Smartwatch Market Outlook, By Linux (2019-2027) ($MN)
- Table 13 Global Smartwatch Market Outlook, By Windows (2019-2027) ($MN)
- Table 14 Global Smartwatch Market Outlook, By Apple Watch Kit (2019-2027) ($MN)
- Table 15 Global Smartwatch Market Outlook, By Embedded Operating System (2019-2027) ($MN)
- Table 16 Global Smartwatch Market Outlook, By Firefox Operating System (2019-2027) ($MN)
- Table 17 Global Smartwatch Market Outlook, By Asteroid Operating System (2019-2027) ($MN)
- Table 18 Global Smartwatch Market Outlook, By Sailfish Operating System (2019-2027) ($MN)
- Table 19 Global Smartwatch Market Outlook, By Ubuntu Touch (2019-2027) ($MN)
- Table 20 Global Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 21 Global Smartwatch Market Outlook, By Thin Film Transistor Liquid Crystal Display (TFTLCD) (2019-2027) ($MN)
- Table 22 Global Smartwatch Market Outlook, By Active Matrix Organic Light Emitting Diodes (AMOLED) (2019-2027) ($MN)
- Table 23 Global Smartwatch Market Outlook, By Passive Matrix Organic Light-Emitting Diode (PMOLED) (2019-2027) ($MN)
- Table 24 Global Smartwatch Market Outlook, By Interferometric Modulator Display (2019-2027) ($MN)
- Table 25 Global Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 26 Global Smartwatch Market Outlook, By 3-14 Years (2019-2027) ($MN)
- Table 27 Global Smartwatch Market Outlook, By 15-24 Years (2019-2027) ($MN)
- Table 28 Global Smartwatch Market Outlook, By 25-34 Years (2019-2027) ($MN)
- Table 29 Global Smartwatch Market Outlook, By 35-54 Years (2019-2027) ($MN)
- Table 30 Global Smartwatch Market Outlook, By 55+ Years (2019-2027) ($MN)
- Table 31 Global Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 32 Global Smartwatch Market Outlook, By High Price (2019-2027) ($MN)
- Table 33 Global Smartwatch Market Outlook, By Medium Price (2019-2027) ($MN)
- Table 34 Global Smartwatch Market Outlook, By Low Price (2019-2027) ($MN)
- Table 35 Global Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 36 Global Smartwatch Market Outlook, By Online E-commerce Store (2019-2027) ($MN)
- Table 37 Global Smartwatch Market Outlook, By Organized Retail Chain (2019-2027) ($MN)
- Table 38 Global Smartwatch Market Outlook, By Unorganized Retail Store (2019-2027) ($MN)
- Table 39 Global Smartwatch Market Outlook, By Modern Trade (2019-2027) ($MN)
- Table 40 Global Smartwatch Market Outlook, By Franchised Outlets (2019-2027) ($MN)
- Table 41 Global Smartwatch Market Outlook, By Speciality Stores (2019-2027) ($MN)
- Table 42 Global Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 43 Global Smartwatch Market Outlook, By Men (2019-2027) ($MN)
- Table 44 Global Smartwatch Market Outlook, By Women (2019-2027) ($MN)
- Table 45 Global Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 46 Global Smartwatch Market Outlook, By Single-Core (2019-2027) ($MN)
- Table 47 Global Smartwatch Market Outlook, By Dual-Core (2019-2027) ($MN)
- Table 48 Global Smartwatch Market Outlook, By Quad-Core (2019-2027) ($MN)
- Table 49 Global Smartwatch Market Outlook, By Apple S1 (2019-2027) ($MN)
- Table 50 Global Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 51 Global Smartwatch Market Outlook, By 512 MB (2019-2027) ($MN)
- Table 52 Global Smartwatch Market Outlook, By 1 GB (2019-2027) ($MN)
- Table 53 Global Smartwatch Market Outlook, By 2 GB (2019-2027) ($MN)
- Table 54 Global Smartwatch Market Outlook, By 3 GB (2019-2027) ($MN)
- Table 55 Global Smartwatch Market Outlook, By 4 GB (2019-2027) ($MN)
- Table 56 Global Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 57 Global Smartwatch Market Outlook, By Bluetooth (2019-2027) ($MN)
- Table 58 Global Smartwatch Market Outlook, By Wi-Fi (2019-2027) ($MN)
- Table 59 Global Smartwatch Market Outlook, By Global Positioning System (GPS) (2019-2027) ($MN)
- Table 60 Global Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 61 Global Smartwatch Market Outlook, By Healthcare & Medical (2019-2027) ($MN)
- Table 62 Global Smartwatch Market Outlook, By Personal Assistance & Safety (2019-2027) ($MN)
- Table 63 Global Smartwatch Market Outlook, By Sports (2019-2027) ($MN)
- Table 64 Global Smartwatch Market Outlook, By Wellness & Fitness (2019-2027) ($MN)
- Table 65 Global Smartwatch Market Outlook, By Media and Entertainment (2019-2027) ($MN)
- Table 66 Global Smartwatch Market Outlook, By Communication (2019-2027) ($MN)
- Table 67 Global Smartwatch Market Outlook, By End User (2019-2027) ($MN)
- Table 68 Global Smartwatch Market Outlook, By Commerical Use (2019-2027) ($MN)
- Table 69 Global Smartwatch Market Outlook, By Personal Use (2019-2027) ($MN)
- Table 70 North America Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 71 North America Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 72 North America Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 73 North America Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 74 North America Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 75 North America Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 76 North America Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 77 North America Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 78 North America Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 79 North America Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 80 North America Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 81 North America Smartwatch Market Outlook, By End User (2019-2027) ($MN)
- Table 82 Europe Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 83 Europe Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 84 Europe Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 85 Europe Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 86 Europe Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 87 Europe Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 88 Europe Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 89 Europe Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 90 Europe Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 91 Europe Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 92 Europe Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 93 Europe Smartwatch Market Outlook, By End User (2019-2027) ($MN)
- Table 94 Asia Pacific Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 95 Asia Pacific Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 96 Asia Pacific Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 97 Asia Pacific Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 98 Asia Pacific Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 99 Asia Pacific Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 100 Asia Pacific Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 101 Asia Pacific Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 102 Asia Pacific Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 103 Asia Pacific Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 104 Asia Pacific Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 105 Asia Pacific Smartwatch Market Outlook, By End User (2019-2027) ($MN)
- Table 106 South America Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 107 South America Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 108 South America Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 109 South America Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 110 South America Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 111 South America Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 112 South America Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 113 South America Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 114 South America Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 115 South America Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 116 South America Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 117 South America Smartwatch Market Outlook, By End User (2019-2027) ($MN)
- Table 118 Middle East & Africa Smartwatch Market Outlook, By Product (2019-2027) ($MN)
- Table 119 Middle East & Africa Smartwatch Market Outlook, By Operating System (2019-2027) ($MN)
- Table 120 Middle East & Africa Smartwatch Market Outlook, By Display Type (2019-2027) ($MN)
- Table 121 Middle East & Africa Smartwatch Market Outlook, By Age Group (2019-2027) ($MN)
- Table 122 Middle East & Africa Smartwatch Market Outlook, By Price Range (2019-2027) ($MN)
- Table 123 Middle East & Africa Smartwatch Market Outlook, By Sales Channel (2019-2027) ($MN)
- Table 124 Middle East & Africa Smartwatch Market Outlook, By Gender (2019-2027) ($MN)
- Table 125 Middle East & Africa Smartwatch Market Outlook, By Processor (2019-2027) ($MN)
- Table 126 Middle East & Africa Smartwatch Market Outlook, By RAM (2019-2027) ($MN)
- Table 127 Middle East & Africa Smartwatch Market Outlook, By Wireless Technology (2019-2027) ($MN)
- Table 128 Middle East & Africa Smartwatch Market Outlook, By Application (2019-2027) ($MN)
- Table 129 Middle East & Africa Smartwatch Market Outlook, By End User (2019-2027) ($MN)