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Smart Watch Market: Rapid Growth with a Projected CAGR of 15.6% to Reach USD 104 Billion by 2030

01-10-2025 05:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Smart Watch Market

Smart Watch Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ๐ฐ๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐€ ๐“๐ก๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐จ๐ข๐ฌ๐ž๐ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐๐ž๐ฐ ๐‡๐ž๐ข๐ ๐ก๐ญ๐ฌ

The global smartwatch market, valued at USD 138.28 billion in 2023, is set to expand significantly, projected to reach USD 248.11 billion by 2030 at a CAGR of 8.71%. The market's growth is driven by advancements in technology, increasing health consciousness, and rising consumer adoption of wearable devices. This press release delves into country-specific data, mergers and acquisitions, and key recent developments in the smartwatch industry across Vietnam, China, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's smartwatch market is witnessing significant growth due to a surge in tech-savvy consumers and increasing internet penetration. The integration of e-commerce platforms has also played a pivotal role in expanding market reach. ๐€๐ฉ๐ฉ๐ฅ๐ž ๐ˆ๐ง๐œ. ๐š๐ง๐ ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ have been aggressively targeting the Vietnamese market through partnerships with local distributors and retailers.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China remains a dominant player in the smartwatch market, driven by a robust manufacturing sector and high consumer demand. The emergence of local brands like Huawei and Xiaomi has intensified competition. Recent developments include Huawei's launch of a smartwatch with advanced health-monitoring capabilities, targeting tech-savvy and health-conscious consumers.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ : https://www.maximizemarketresearch.com/request-sample/20374/

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's smartwatch market is growing steadily, supported by increasing disposable income and a burgeoning fitness culture. ๐…๐ข๐ญ๐›๐ข๐ญ, ๐ง๐จ๐ฐ ๐จ๐ฐ๐ง๐ž๐ ๐›๐ฒ ๐†๐จ๐จ๐ ๐ฅ๐ž has announced plans to expand its retail footprint in Thailand, collaborating with local fitness centers and gyms.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's market is characterized by innovation and technological advancements. Leading companies like ๐’๐จ๐ง๐ฒ ๐š๐ง๐ ๐’๐ž๐ข๐ค๐จ are focusing on introducing cutting-edge smartwatches with traditional aesthetics, appealing to a diverse consumer base. Japan's aging population is also driving demand for health-focused wearables.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea, home to tech giants like Samsung Electronics, continues to lead in innovation. Samsung's latest smartwatch features groundbreaking bioactive sensors, catering to consumers seeking comprehensive health insights. Local startups are also entering the market, adding diversity to product offerings.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's smartwatch market has seen several mergers and acquisitions, reflecting the industry's dynamism. Notable events include ๐†๐š๐ซ๐ฆ๐ข๐ง'๐ฌ acquisition of a local wearable tech company to strengthen its R&D capabilities. The government's push towards a 'Smart Nation' has further accelerated smartwatch adoption.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US remains a significant contributor to the global smartwatch market, with companies like Apple Inc. dominating the space. Recent developments include Apple's partnership with health insurance providers to promote smartwatch adoption for fitness and health monitoring. The introduction of advanced smartwatch models featuring AI-driven health analytics is reshaping the industry.

๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ฆ๐š๐ซ๐ญ๐ฐ๐š๐ญ๐œ๐ก ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's market is characterized by a growing focus on sustainability and innovative features. ๐†๐š๐ซ๐ฆ๐ข๐ง ๐š๐ง๐ ๐…๐ข๐ญ๐›๐ข๐ญ have introduced eco-friendly smartwatch models, aligning with consumer preferences. The region also hosts several startup collaborations aimed at integrating smartwatches with IoT ecosystems.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/20374/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Extension
Standalone
Classical

The market is divided into three segments based on product: Extension, Standalone, and Classical. The extension segment was the market leader in 2023 and is anticipated to continue to retain the greatest share of the smart watch market during the forecast period. In the smart watch market, smartwatches that serve as an extension of a linked smartphone are referred to as "Extension" devices. For many of their features and functionalities, these smartwatches mostly rely on a Bluetooth connection to a paired smartphone. The word "extension" describes how the smart watch brings the smartphone's features to the user's wrist, giving them instant access to calls, texts, notifications, and other smartphone-related features. For extension smartwatches to function properly, a smartphone must be attached. Usually, they depend on a companion app that is downloaded to the smartphone.

๐›๐ฒ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ

WatchOS
Android
Others

๐›๐ฒ ๐๐ซ๐ข๐œ๐ž ๐‘๐š๐ง๐ ๐ž

Below $100
$100 - $300
Above $300

The market is divided into three segments based on price range: below $100, $100 to $300, and above $300. The market was led in 2023 by the $100-$300 price range, which is anticipated to increase its share of the smart watch market during the forecast period. A wide range of features are available in smartwatches priced between $100 and $300, without charging exorbitant rates. These gadgets are appropriate for a variety of use cases, including fitness tracking, communication, productivity, and entertainment, because they frequently come with a broad range of features including heart rate monitoring, GPS, notifications, fitness tracking, and app compatibility. Customers believe that smartwatches in this price range provide good value. They offer a more sophisticated and adaptable user experience than entry-level smartwatches or simple fitness trackers.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Sports
Personal Assistance
Wellness
Healthcare
Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/market-report/global-smartwatch-market/20374/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ :

North America:
1. Apple Inc. (Cupertino, California, USA)
2. Fitbit (San Francisco, California, USA)
3. Garmin Ltd. (Olathe, Kansas, USA)
4. Fossil Group, Inc. (Richardson, Texas, USA)
5. Mobvoi (San Francisco, California, USA)
6. Lenovo Group Limited (US)
Asia-Pacific:
7. Xiaomi Corporation (Beijing, China)
8. Oppo (Dongguan, Guangdong, China)
9. Honor (Shenzhen, Guangdong, China)
10. Realme (Shenzhen, Guangdong, China)
11. Boat (India)
12. Noise Fit (India)
13. Samsung Electronics (Suwon, South Korea)
14. Huawei Technologies Co., Ltd. (Shenzhen, Guangdong, China)
15. Amazfit (Xiamen, Fujian, China)
16. TicWatch (Beijing, China)
17. OnePlus (Shenzhen, Guangdong, China)
Europe
18. Withings (Issy-les-Moulineaux, France)
19. Kronaby (Malmรถ, Sweden)
20. Garmin (Schaffhausen, Switzerland)
21. Polar Electro (Kempele, Finland)
22. Suunto (Vantaa, Finland)
23. Kronaby (Malmรถ, Sweden)
24. Withings (Issy-les-Moulineaux, France)
25. Polar Electro (Kempele, Finland)

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Smart Watch ?
What is the growth rate of the Smart Watch Market?
Which are the factors expected to drive the Smart Watch market growth?
What is the CAGR at which the Smart Watch market will grow during the forecast period?
What are the different segments of the Smart Watch Market?
Which is the fastest growing region in the Smart Watch market?
What growth strategies are the players considering to increase their presence in Smart Watch ?
What are the upcoming opportunities and trends for the Smart Watch Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Watch Market?
Who are the leading companies and what are their portfolios in Smart Watch Market?
What segments are covered in the Smart Watch Market?
Who are the key players in the Smart Watch market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/20374/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

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๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

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