How big is the Smartwatch Market?

The Smartwatch Market size is expected to reach 171.38 million units in 2024 and grow at a CAGR of 27.78% to reach 583.81 million units by 2029. Read More

What is the current Smartwatch Market size?

In 2024, the Smartwatch Market size is expected to reach 171.38 million units. Read More

Who are the key players in Smartwatch Market?

Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc. and Fossil Group Inc. are the major companies operating in the Smartwatch Market. Read More

Which is the fastest growing region in Smartwatch Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smartwatch Market?

In 2024, the North America accounts for the largest market share in Smartwatch Market. Read More

What years does this Smartwatch Market cover, and what was the market size in 2023?

In 2023, the Smartwatch Market size was estimated at 123.77 million units. The report covers the Smartwatch Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smartwatch Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Who are the target segment for Smartwatches?

Smartwatches are targeted at people who are interested in health and fitness tracking, as well as those who want to stay connected with their smartphones. Read More

Who are the target segment for Smartwatches?

Smartwatches are targeted at people who are interested in health and fitness tracking, as well as those who want to stay connected with their smartphones. Read More

Smartwatch Market Growth | Industry Analysis, Size & Forecast Report

Smartwatch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smartwatch Market, Including Digital Watches and Fitness Trackers, is Set To Grow Significantly Due To Rising Demand for Advanced Wearable Devices and Their Increasing Adoption, Particularly Among Millennials. These Tech Watches, Often Featuring Heart Rate Monitors, Sleep Trackers, and Step Counters, are Used As Health Monitors, Driving Market Growth. The Sports Watch Segment is Expected To Hold A Substantial Market Share, With the Asia-Pacific Region Predicted To See the Highest Growth. These Devices are Typically Paired With Compatible Smartphones, Serving As Information Gateways.

Smartwatch Industry Overview

The smartwatch market is moderately fragmented, with major players like Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc., and many others. Companies are focusing on product innovation and development to gain an edge over a large number of local players, which makes the rivalry intense in the market.

• December 2023 - Maxima, a significant player in the world of wearable technology, announced the release of its latest ‘Max Pro Hunt’ smartwatch. This new launch had unique features, including a 1.78’’ super AMOLED display with 1000 Nits brightness in a premium metallic design.

• September 2023 - CMF, a sub-brand of Nothing, officially launched its inaugural product lineup. The brand's initial offerings included the CMF Buds Pro, the CMF Watch Pro, and the CMF Power 65W GaN charger. CMF Watch Pro boasts a sleek aluminum alloy frame and a large 1.96-inch AMOLED display that offers vibrant colors and smooth navigation. With a 58 fps refresh rate, this smartwatch promises ultra-smooth performance. It sustains 110 sport modes, includes built-in GPS for accurate location tracking, and provides complete health monitoring, including real-time heart rate and blood oxygen saturation tracking.