Smartwatch Market to grow at a CAGR of 14.83% from 2022 to 2027, Technological advances in the semiconductor industry to drive growth - Technavio

Research report focuses on top companies and crucial drivers, current growth dynamics, futuristic opportunities, and new product/project launches

NEW YORK, April 27, 2023 /PRNewswire/ -- The smartwatch market is expected to grow by USD 31,385.89 million at a CAGR of 14.83% from 2022 to 2027, according to the latest research report from Technavio. Technological advances in the semiconductor industry are notably driving market growth. Thinness, small design, and high operational efficiency are some of the most important purchase criteria for smartwatches. Technological advances such as system-on-chip (SoC) technology and micro-electro-mechanical systems (MEMS) are creating new opportunities for smartwatch manufacturers to develop small, compact, and energy-efficient smartwatches. These factors will fuel market growth during the forecast period. Get a comprehensive report summary describing the market size and forecast along with research methodology. View a sample report!

Vendor landscape

The smartwatch market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Vendors compete on the basis of several factors, such as quality, price, service, brand image, distribution, and marketing. In addition, several vendors are focusing on acquiring smaller brands to increase their market presence. Thus, the competitive scenario is expected to drive the growth of the global smartwatch market during the forecast period. The key offerings of some of the main vendors are listed below:

• ASUSTeK Computer Inc. - The company offers smartwatches such as ASUS VivoWatch 5 and ASUS VivoWatch SP.
• BBK Electronics Corp Ltd - The company offers smartwatches under the brand OnePlus.
• CASIO Computer Co. Ltd. - The company offers smartwatches such as G shock move and G squad pro.
• ENOX Production Services GmbH - The company offers smartwatches such as HSB20XX and SWP22.

To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation - View a sample in minutes

Key market segmentation

• Type 
• Integrated
• Standalone

The integrated segment will account for a significant share of market growth during the forecast period. An integrated smartwatch connects to other computing devices, such as smartphones, with the help of Bluetooth or Wi-Fi. These smartwatches enable users to access the Internet, send and receive messages, get weather forecasts, and listen to music. The demand for integrated smartwatches is expected to increase owing to the rising penetration of low-cost smartwatches in emerging markets and the entry of traditional watchmakers.

• OS 
• Android Wear
• Apple Watch OS
• Fitbit OS
• Tizen OS
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East and Africa

View a sample report in minutes For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027.

Regional market outlook

North America is estimated to account for 42% of the growth of the global smartwatch market during the forecast period. The region is an early adopter of advanced technologies and is home to several smartwatch makers, such as Apple, Fitbit, and Garmin. The increasing disposable income, the emergence of integrated LTE smartwatches, and the proliferation of health and fitness-oriented features in smartwatches are driving the demand for smartwatches in North America. In addition, the development of wireless network infrastructure supports the growth of the smartwatches market in the region.

For more key highlights on the regional market share of most of the above-mentioned countries - View a sample report

The smartwatch market covers the following areas:

Smartwatch market sizing
Smartwatch market forecast
Smartwatch market analysis

Companies mentioned

• Apple Inc.
• ASUSTeK Computer Inc.
• BBK Electronics Corp Ltd
• CASIO Computer Co. Ltd.
• ENOX Production Services GmbH
• Fossil Group Inc.
• Garmin Ltd.
• HK SMARTMV Ltd.
• Huawei Technologies Co. Ltd.
• Imagine Marketing Pvt. Ltd.
• Lenovo Group Ltd.
• Nexxbase Marketing Pvt. Ltd.
• Omate Inc.
• Polar Electro Oy
• Samsung Electronics Co. Ltd.
• Tata Sons Pvt. Ltd.
• Timex Group
• Zeblaze Technology Co. Ltd
• Zebronics India Pvt. Ltd.
• ZTE Corp.

What's new?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/active/niche/trivial - Buy the report!

Related Reports:

The wristwatch market size is expected to increase by USD 19.28 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.5%. Furthermore, this report extensively covers market segmentation by type (quartz, digital, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

The global smart TV sticks market size is estimated to grow by USD 612.44 million between 2022 and 2027, accelerating at a CAGR of 7.78%. This report extensively covers market segmentation by type (non-4k and 4k and above), distribution channel (hypermarket and supermarket, online, convenience stores, and specialty store), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Browse for Technavio Communication Services market reports

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by OS
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global smartwatch market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global smartwatch market 2017 - 2021 ($ million)

• 4.2 By Type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – By Type Segment 2017 - 2021 ($ million)

• 4.3 By OS Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – By OS Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Integrated - Market size and forecast 2022-2027
• Exhibit 34: Chart on Integrated - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Integrated - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Integrated - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Integrated - Year-over-year growth 2022-2027 (%)

• 6.4 Standalone - Market size and forecast 2022-2027
• Exhibit 38: Chart on Standalone - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Standalone - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Standalone - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Standalone - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by OS

• 7.1 Market segments 
• Exhibit 44: Chart on OS - Market share 2022-2027 (%)
• Exhibit 45: Data Table on OS - Market share 2022-2027 (%)

• 7.2 Comparison by OS 
• Exhibit 46: Chart on Comparison by OS
• Exhibit 47: Data Table on Comparison by OS

• 7.3 Android wear - Market size and forecast 2022-2027
• Exhibit 48: Chart on Android wear - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Android wear - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Android wear - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Android wear - Year-over-year growth 2022-2027 (%)

• 7.4 Apple watch OS - Market size and forecast 2022-2027
• Exhibit 52: Chart on Apple watch OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Apple watch OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Apple watch OS - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Apple watch OS - Year-over-year growth 2022-2027 (%)

• 7.5 Fitbit OS - Market size and forecast 2022-2027
• Exhibit 56: Chart on Fitbit OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Fitbit OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Fitbit OS - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Fitbit OS - Year-over-year growth 2022-2027 (%)

• 7.6 Tizen OS - Market size and forecast 2022-2027
• Exhibit 60: Chart on Tizen OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Tizen OS - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Tizen OS - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Tizen OS - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by OS 
• Exhibit 64: Market opportunity by OS ($ million)
• Exhibit 65: Data Table on Market opportunity by OS ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Apple Inc. 
• Exhibit 119: Apple Inc. - Overview
• Exhibit 120: Apple Inc. - Business segments
• Exhibit 121: Apple Inc. - Key news
• Exhibit 122: Apple Inc. - Key offerings
• Exhibit 123: Apple Inc. - Segment focus

• 12.4 ASUSTeK Computer Inc. 
• Exhibit 124: ASUSTeK Computer Inc. - Overview
• Exhibit 125: ASUSTeK Computer Inc. - Product / Service
• Exhibit 126: ASUSTeK Computer Inc. - Key news
• Exhibit 127: ASUSTeK Computer Inc. - Key offerings

• 12.5 BBK Electronics Corp Ltd 
• Exhibit 128: BBK Electronics Corp Ltd - Overview
• Exhibit 129: BBK Electronics Corp Ltd - Product / Service
• Exhibit 130: BBK Electronics Corp Ltd - Key offerings

• 12.6 CASIO Computer Co. Ltd. 
• Exhibit 131: CASIO Computer Co. Ltd. - Overview
• Exhibit 132: CASIO Computer Co. Ltd. - Business segments
• Exhibit 133: CASIO Computer Co. Ltd. - Key offerings
• Exhibit 134: CASIO Computer Co. Ltd. - Segment focus

• 12.7 ENOX Production Services GmbH 
• Exhibit 135: ENOX Production Services GmbH - Overview
• Exhibit 136: ENOX Production Services GmbH - Product / Service
• Exhibit 137: ENOX Production Services GmbH - Key offerings

• 12.8 Fossil Group Inc. 
• Exhibit 138: Fossil Group Inc. - Overview
• Exhibit 139: Fossil Group Inc. - Business segments
• Exhibit 140: Fossil Group Inc. - Key offerings
• Exhibit 141: Fossil Group Inc. - Segment focus

• 12.9 Garmin Ltd. 
• Exhibit 142: Garmin Ltd. - Overview
• Exhibit 143: Garmin Ltd. - Business segments
• Exhibit 144: Garmin Ltd. - Key offerings
• Exhibit 145: Garmin Ltd. - Segment focus

• 12.10 HK SMARTMV Ltd. 
• Exhibit 146: HK SMARTMV Ltd. - Overview
• Exhibit 147: HK SMARTMV Ltd. - Product / Service
• Exhibit 148: HK SMARTMV Ltd. - Key offerings

• 12.11 Huawei Technologies Co. Ltd. 
• Exhibit 149: Huawei Technologies Co. Ltd. - Overview
• Exhibit 150: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 151: Huawei Technologies Co. Ltd. - Key news
• Exhibit 152: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 153: Huawei Technologies Co. Ltd. - Segment focus

• 12.12 Lenovo Group Ltd. 
• Exhibit 154: Lenovo Group Ltd. - Overview
• Exhibit 155: Lenovo Group Ltd. - Business segments
• Exhibit 156: Lenovo Group Ltd. - Key offerings
• Exhibit 157: Lenovo Group Ltd. - Segment focus

• 12.13 Nexxbase Marketing Pvt. Ltd. 
• Exhibit 158: Nexxbase Marketing Pvt. Ltd. - Overview
• Exhibit 159: Nexxbase Marketing Pvt. Ltd. - Product / Service
• Exhibit 160: Nexxbase Marketing Pvt. Ltd. - Key offerings

• 12.14 Omate Inc. 
• Exhibit 161: Omate Inc. - Overview
• Exhibit 162: Omate Inc. - Product / Service
• Exhibit 163: Omate Inc. - Key offerings

• 12.15 Polar Electro Oy 
• Exhibit 164: Polar Electro Oy - Overview
• Exhibit 165: Polar Electro Oy - Product / Service
• Exhibit 166: Polar Electro Oy - Key offerings

• 12.16 Tata Sons Pvt. Ltd. 
• Exhibit 167: Tata Sons Pvt. Ltd. - Overview
• Exhibit 168: Tata Sons Pvt. Ltd. - Business segments
• Exhibit 169: Tata Sons Pvt. Ltd. - Key offerings
• Exhibit 170: Tata Sons Pvt. Ltd. - Segment focus

• 12.17 ZTE Corp. 
• Exhibit 171: ZTE Corp. - Overview
• Exhibit 172: ZTE Corp. - Business segments
• Exhibit 173: ZTE Corp. - Key news
• Exhibit 174: ZTE Corp. - Key offerings
• Exhibit 175: ZTE Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/smartwatch-market-to-grow-at-a-cagr-of-14-83-from-2022-to-2027--technological-advances-in-the-semiconductor-industry-to-drive-growth---technavio-301808305.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]