Demand for Global Smartwatch Market Size & Share Worth USD 97.52 Billion by 2028, Exhibit a CAGR of 21.5% Growth | Smartwatch Industry Trends, Value, Analysis & Forecast Report 2022-2028 | Opportunities and Challenges | Facts & Factors

[212+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Smartwatch Market size & share revenue was valued at around USD 22.46 billion in 2021 and is expected to grow to USD 97.52 billion by 2028, at a CAGR of approximately 21.5% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Huawei Technologies Co. Ltd., TomTom International BV, Samsung Electronics, Pebble, Garmin, LG Electronics, Google Inc., ConnectDevice Ltd, Mobvoi Information Technology Company Ltd, Motorola, Fossil Group Inc, Qualcomm, ASUSTeK Computer Inc., Apple Inc., Huami Corp, Sony Corporation, Lenovo Group Ltd, Fitbit, and others.

Pune, INDIA


NEW YORK, United States, April 20, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Smartwatch Market By Product Type (Standalone, Extension, and Classic), By Operating System (iOS, Android, and Others), By Application (Sports, Personal Assistance, Medical, Wellness, and Others), and By Region-Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” in its research database.

What is the market for Smartwatches?

“According to the latest research study, the demand for global Smartwatch Market size & share is expected to grow at a compound annual growth rate (CAGR) of 21.5% from 2022 to 2028. In 2021, the global smartwatch market was worth USD 22.46 billion, and it is expected to exceed USD 97.52 billion by 2028.”

What is Smartwatch? How big is the smartwatch industry?

Market Overview:

A smartwatch is a wrist-worn digital device that provides atomic clock accuracy. It is linked to a smartphone and receives notifications for e-mails, texts, and incoming phone calls. It includes a number of apps that provide added features, like presenting weather updates, maps, and stock values. It is also capable of making phone calls and sending & receiving text messages. Its popularity is growing around the world because it includes fitness trackers and monitoring devices to help consumers track their health. 

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs - https://www.fnfresearch.com/sample/smartwatch-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 212+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Report Scope

Report Attribute Details
Market Size in 2021 USD 22.46 Billion
Projected Market Size in 2028 USD 97.52 Billion
CAGR Growth Rate 21.5% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players Huawei Technologies Co. Ltd., TomTom International BV, Samsung Electronics, Pebble, Garmin, LG Electronics, Google Inc., ConnectDevice Ltd, Mobvoi Information Technology Company Ltd, Motorola, Fossil Group Inc, Qualcomm, ASUSTeK Computer Inc., Apple Inc., Huami Corp, Sony Corporation, Lenovo Group Ltd, and Fitbit., among others
Key Segment By Product Type, Operating System, Application, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Global Smartwatch Market: Growth Factors

  • Technology penetration in healthcare infrastructure

One of the major factors determining market growth is the widespread adoption of smart connected devices. Furthermore, rising internet penetration and smartphone sales are having a positive impact on the market. Furthermore, growing health awareness among individuals as a result of the increasing occurrence of chronic and lifestyle illnesses is encouraging global demand for wireless fitness devices such as smartwatches. Smartwatches are linked to fitness apps that can provide detailed information about an individual's overall health and track their dietary health. Despite the fact that smartwatches have many features other than keeping time, they are expensive and out of reach for the average person. Furthermore, their battery life is limited, with these watches only lasting another day or two once fully charged.

Browse the full “Smartwatch Market By Product Type (Standalone, Extension, and Classic), By Operating System (iOS, Android, and Others), By Application (Sports, Personal Assistance, Medical, Wellness, and Others), and By Region-Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” Report at https://www.fnfresearch.com/smartwatch-market

Smartwatch Market: Segmentation Analysis

The global smartwatch market is segregated on the basis of product type, operating system, application, and region.

By product type, the market is divided into standalone, extension, and classic. Among these product lines, extension smartwatches have contributed the most revenue and will continue to do so in the years ahead. The increase in demand for this commodity can be attributed to the growth of well-equipped smartwatches, which are widely used for the augmentation of smart devices.

By operating system, the market is classified into iOS, Android, and others. Among all these operating systems, iOS-based smartwatches have the largest market share. By application, the market is divided into sports, personal assistance, medical, wellness, and others. Among these, smartwatches with personal assistance features are expected to grow at the fastest rate during the forecast period.

Who are the market leaders in the smartwatch industry?

Competitive Landscape

Some of the main competitors dominating the global smartwatch market include - 

  • Huawei Technologies Co. Ltd.
  • TomTom International BV
  • Samsung Electronics
  • Pebble
  • Garmin
  • LG Electronics
  • Google Inc.
  • ConnectDevice Ltd
  • Mobvoi Information Technology Company Ltd
  • Motorola
  • Fossil Group Inc
  • Qualcomm
  • ASUSTeK Computer Inc.
  • Apple Inc.
  • Huami Corp
  • Sony Corporation
  • Lenovo Group Ltd
  • Fitbit

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/smartwatch-market

Key Insights from Primary Research:

  • As per the analysis shared by our research analyst, the smartwatch market is estimated at around 21.5% YoY growth.
  • The Smartwatch market was worth USD 22.46 billion in 2021 and it is anticipated to exceed USD 97.52 billion by 2028.
  • By product type, the extension smartwatches have generated the highest revenue and will continue to do so in the future.
  • By operating system, Smartwatches that run on iOS have the biggest market share. Due to technological innovation and skill, Apple's "watchOS" product has witnessed rapid expansion since its arrival on the market.
  • During the projected period, smartwatches with personal assistance capabilities are expected to increase at the highest rate.
  • On the basis of region, North America is expected to hold the largest share of the market.

Key questions answered in this report:

  • What is the market size and growth rate forecast for the Smartwatch industry?
  • What are the main driving factors propelling the Smartwatch Market forward?
  • What are the leading companies in the Smartwatch Industry?
  • What segments does the Smartwatch Market cover?
  • How can I receive a free copy of the Smartwatch Market sample report and company profiles?

Have Any Query? Ask Our Experts: https://www.fnfresearch.com/inquiry/smartwatch-market

Smartwatch Market: COVID-19 Impact Analysis

In the year 2020, the world was presented with unprecedented phenomena and a predicament for no one had anticipated. The coronavirus might emerge in full force in the first quarter of 2020, becoming more severe as the year progressed and bringing the world to a standstill through worldwide lockdowns, disrupted supply chains, and global production halts. Smartwatch sales declined in 2020 as a result of worldwide coronavirus outbreaks. As a result of the pandemic's numerous restrictions around the world, smartwatch supply and manufacture were severely damaged.

In early 2021, demand for smartwatches skyrocketed, and this trend is expected to continue for the following ten years. The demand for smartwatches is expected to rise in the post-pandemic period as manufacturers begin manufacturing and launching new goods in order to acquire a competitive advantage over their competitors.

Regional Dominance:

North America leads the global smartwatch market and will continue to do so during the forecast period, owing to a growing emphasis on technical advances in digital wearable devices. Further, the Asia Pacific market is also projected to expand rapidly, owing to a rise in the number of skilled, tech-savvy individuals with increased purchasing power in the region in the last decade.

Recent Developments

  • September 2021: In a virtual press conference, Fossil announced the release of its Gen 6 touchscreen smartwatch line. The watch is available in two sizes: 42mm and 44mm. The Qualcomm Snapdragon Wear 4100+ Platform will power the watch and provide customers with faster application connection speeds, more responsive customer experiences, and more cost-effective power consumption.
  • August 2021: Huawei Technologies has announced the release of the Huawei Watch 3 Series, its revolutionary flagship smartwatch. HarmonyOS powers the Huawei Watch 3 Series, building a new smart interactive element on the wrist and transforming the smartwatch into a smart assistant and wellness center. Furthermore, this will be the first smartwatch to facilitate eSIM technology, and it will be available in Singapore.

Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/smartwatch-market

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

The global smartwatch market is segmented as follows:

By Product Type

  • Standalone
  • Extensive
  • Classic

By Operating System

  • iOS
  • Android
  • Others

By Application

  • Sports
  • Personal Assistance
  • Medical
  • Wellness
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Request For Free Sample Report of the Global Smartwatch Market @ https://www.fnfresearch.com/sample/smartwatch-market

Browse Other Related Research Reports from Facts & Factors:

Smart Home Systems Market - By Technology (Cellular Network Technologies, Protocols & Standards, Wireless Communication Technologies), By Product (Lighting Control, Security & Access Control, HVAC Control, Media & Entertainment & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Smart Buildings Market - By Product (Lighting, Safety & Security, Monitoring, Heating, Ventilation & Air Conditioning (HVAC), Energy Management, Emergency Systems, Car Parking Management Systems, & Others), By Building Type (Residential, Commercial, & Industrial), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Smart Agriculture Market - By Type (Precision Farming, Livestock Monitoring, Smart Greenhouse, & Others), By Offering (Hardware, Software, &Services), By Application (Irrigation Management, Yield Management, Crop Scouting, Field Mapping, Weather Tracking & Forecasting, Inventory Management, &Farm Labor Management), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Smart Mobility Market - By Transport Sector (Electric Cars, Electric Buses, Autonomous Vehicles), By Technology (3G/4G, WI-FI, GPS, RFID, Embedded Systems), By Traffic Management (Intelligent Transport System, Real Time Traffic Analysis, Traffic Prediction), By Charging Infrastructure (In-House, Public Charging Stations, E-Parking, Intermodal Mobility), By Mobility Intelligence (Smart Maps, Secured Communication, Fleet Management), By Customer Mobility (Smart Payment, Smart Parking, Ride Sharing, Robocabs): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026

Smart Parking Systems Market - By Hardware (Pucks, Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software (Parking Guidance System, Analytics Solutions), By Service (Consulting Service, Engineering Service), By Type (Off-Street and On-Street), By Application (Security & Surveillance, Smart Payment System, E-Parking, and License Plate Recognition), By Region, And Segment Forecast 2021–2026

Smart Healthcare Market - By Product Type (Telemedicine, Electronic Health Records, M-Health, Smart Pills and Syringes, RFID Kanban Systems, RFID Smart Cabinets, Others), by Application (Storage and Inventory Management, Monitoring, Treatment, Others), by End User (Hospitals, Home Care Settings, Others): Global & Regional Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2021–2026

About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/fnfresearch

Follow Us on Twitter: https://twitter.com/fnfresearch

Follow Us on Facebook: https://www.facebook.com/factsandfactors/

Contact Us:

Sanu Thomas

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039

India: +91 96043 17127

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

Blog: https://www.fnfresearch.com/blog/