Data Bridge Market Research analyses that the smartwatch market was valued at USD 33,081.86 million in 2022 and is expected to reach USD 64,480.18 million by 2030, registering a CAGR of 8.70% during the forecast period of 2023 to 2030. 

Key Pointers Covered in Smartwatch Market Industry Trends and Forecast to 2030

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Get sample copy of the report:

  Benefits of Considering this Report:

  • This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
  • A complete picture of the competitive scenario of Smartwatch Market is depicted by this report.
  • The report consists of a vast amount of data about the recent product and technological developments in the markets.
  • The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.

Smartwatch Market Scope and Market Size

The global smartwatch market is segmented on the basis of product type, application, operating system, processor, ram, display type, price range, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Extension
  • Standalone and Classic/ Hybrid


  • Personal Assistance and Safety
  • Health/ Wellness
  • Media
  • Entertainment
  • Sports
  • Communication
  • Others

 Operating System

  • Wear OS
  • Watch OS
  • Firefox OS
  • Tizen
  • Asteroid OS
  • Sailfish OS
  • Ubuntu Touch
  • Others


  • Single-Core
  • Dual-Core
  • Quad-Core
  • Apple S1


  • 512 MB
  • 1 GB
  • 2 GB
  • 3 GB
  • 4 GB

Display Type

  • OLED
  • LCD
  • Interferometric Modulator Display

Price Range

  • High-End Smartwatches
  • Mid-End Smartwatches
  • Low-End Smartwatches

Distribution Channel

  • Direct Sales
  • E-Commerce
  • Retail Stores
  • Others

 End User

  • Male
  • Female

 Get Full Access of Report

 Some of the key questions answered in this report:

  • How has the Smartwatch Market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the procedure?
  • What is the breakup of the market based on the injury location?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Smartwatch Market and who are the key players?
  • What is the degree of competition in the industry?

Market Analysis and Insights: Smartwatch Market

  • Several manufacturers have introduced many upgraded smartwatches with advanced health monitoring features such as a stress monitor, electrocardiograms, a calorie counter, blood oxygen and SpO2 sensors and many more. Numerous companies such as Fossil Group, Inc., Samsung, Noise, Fitbit and more are introducing smartwatches with advanced and upgraded features. For instance, Apple, Inc. launched the new Apple Series 7 smartwatch model in September 2021 that features many health monitoring functions, such as blood oxygen saturation, electrocardiogram (ECG) sensor, improved fall detection, native sleep tracking, and heart health monitoring.
  • A smartwatch is a wearable computing device similar to a wristwatch or other time-keeping device. In addition to showing time, several smartwatches are Bluetooth-capable. This watch becomes a wireless Bluetooth adaptor and is capable of prolonging the capabilities of the wearer's smartphone to the watch. The user can use this watch to initiate and answer phone calls from their mobile phone, get weather reports, listen to music, read email and text messages, dictate email and text messages, and ask a digital assistant.
  • The growing usage of organic light emitting diodes (OLED) displays increases the demand for the smartwatch, which is expected to drive the market's growth rate. Organic light emitting diodes (OLED) displays provide an improved experience to the end user owing to their low power consumption and high image quality. This aids the manufacturers in producing shows in many sizes and shapes without compromising their quality and resolution.
  • Growing penetration rates of urbanization have increased the demand for the aesthetically appealing advanced products. These advanced products provide better experiences to consumers such as time schedules and several features in one device. This factor is anticipated to drive the need for smartwatches. Furthermore, the large millennial population has been adopting smartwatches owing to increased spending on luxury standards or tracking for their regular work hours.

Smartwatch Market Country Level Analysis

  • S., Canada and Mexico in [North America]
  • Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
  • China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
  • Saudi Arabia, U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
  • Brazil, Argentina and [Rest of South America]

Smartwatch Market Share Analysis

The smartwatch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smartwatch market.

Key player Smartwatch Market

  • Apple Inc. (U.S.)
  • Huawei Technologies Co., Ltd. (China)
  • Fitbit Inc. (U.K.)
  • Nike, Inc. (U.S.)
  • Virtual-Realties, LLC (U.K.)
  • Xiaomi (China)
  • Sony Corporation (Japan)
  • Garmin Ltd. (U.S.)
  • Honeywell International Inc. (U.S.)
  • LG Electronics (South Korea)
  • SAMSUNG (South Korea)
  • Motorola Solutions, Inc. (U.S.)
  • ASUSTeK Computer Inc. (Taiwan)
  • Michael Kors (U.S.)
  • Polar Electro (Finland)
  • Fossil Group, Inc. (U.S.)
  • Google LLC (U.S.)
  • TomTom International BV (Netherlands)


  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six: Smartwatch Market Share by Product & Procedure type

Get TOC Details:

 Top Trending Reports:


About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market


Data Bridge Market Research

Tel: +1-888-387-2818

Email: [email protected]