Press release
Connected Devices Behind the Growth of the Smart Clock Market Driver: Leading Transformation in the Smart Clock Market in 2025
What industry-specific factors are fueling the growth of the smart clock market?The rising trend of smart and connected devices is forecasted to stimulate the progression of the smart clock market. These smart and connected devices are just gadgets equipped with internet connectivity and high-level computational abilities. The swelling adoption of these devices has been due to various aspects like convenience, health monitoring, working remotely, and shifting lifestyle routines. Smart clocks have the ability to integrate with a wider ecosystem of smart homes permitting their interaction with other devices like smart lights, thermostats, and security systems. For instance, as stated by Akamai Technologies Inc., a US-based internet firm, IoT connections are set to soar from 15.1 billion in 2021 to 23.3 billion IoT connections in 2025. Thus, escalating demand for smart and connected devices across the planet is accelerating the smart clock market. The deeper inclusion of smart clocks in outdoor recreational activities is anticipated to catalyze the growth of their market. Outdoor recreation is simply recreational pursuits that occur in natural or open-air environments, distant from urban or indoor areas. The mix of physical, mental, and social advantages coupled with a rising admiration for nature has caused a boom in outdoor recreation as a favored leisure time activity. Smart clocks offer direction guidance, fitness monitoring, safety functions, and crucial data that magnifies the entire outdoor experience. For example, the Outdoor Industry Association, a US-based nonprofit body, reported in June 2023 that outdoor activity participants increased by 2.3% in 2022 touching the peak number of 168.1 million participants, representing 55% of the American population of 6 years and older. So, the expanding consciousness about health and fitness on a global scale is pushing the smart clock market.
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What Is the projected market size and growth rate for the smart clock market?
Over the past few years, the smart clock market size has expanded at a notable speed. Predicted growth sees the market size increasing from $1.12 billion in 2024 to $1.32 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The escalating growth experienced in the past can be credited to the surge in consumer preference for convenience, an uptick in the use of smart home devices, an elevated awareness and focus on health and fitness, and a widening of internet connectivity.
In the coming years, the smart clock industry is projected to experience noteworthy expansion, anticipated to hit $2.52 billion by 2029, developing at a compound annual growth rate (CAGR) of 17.6%. The growth within this forecasted timeframe can be accredited to elements such as integration with virtual assistants, the dawn of 5G technology, enlargement of the smart home ecosystem, customization and personalization potentials, and booming requirement for remote work solutions. Significant trends within the forecast period encompass the advent of sleep tech and optimization functions, enhanced focus on eco-friendly and sustainable smart clock designs, broadening of smart clock implementations beyond mere timekeeping, synergy with smart gadgets and IoT devices, and the evolution of AI-rooted predictive features.
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What new trends are reshaping the smart clock market and its opportunities?
Leading enterprises within the smart clock industry are striving to create forward-thinking products featuring cutting-edge technologies, such as digital time-keepers integrated with wireless charging, to boost their market success. Incorporating wireless charging abilities into these smart clocks enables users to seamlessly blend charging into their daily activities, eliminating the need for separate charging mats or wires, and delivering a more integrated and user-centric experience. For example, a company based in India known as Portronics, renowned for its digital and portable innovative solutions, announced the launch of Bella in January 2024. Bella is a versatile 3-in-1 wireless charger boasting a minimalist design, digital alarm clock, and adaptable display illumination. It possesses the ability to intelligently speed-charge Qi-enabled smartphones, TWS earbuds, and smartwatches, offering wide compatibility and features such as automatic time saving for added convenience and durability.
What major market segments define the scope and growth of the smart clock market?
The smart clock market covered in this report is segmented -
1) By Type: iOS System Clocks, Android System Clocks, Other Types
2) By Distribution Channel: Specialty Stores, Online, Other Distribution Channels
3) By Application: Children, Adults, Other Applications
Subsegments:
1) By iOS System Clocks: Smart Clocks With HomeKit Integration, Apple HomePod Clocks
2) By Android System Clocks: Google Assistant Clocks, Android Smart Displays
3) By Other Types: Hybrid Smart Clocks, Customizable Digital Clocks
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North America was the largest region in the smart clock market in 2024. The regions covered in the smart clock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the smart clock industry growth?
Major companies operating in the smart clock market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Withings SAS, Lenovo Group Limited, LG Electronics Inc., Xiaomi Corporation, Anker Innovations Limited, Koninklijke Philips N.V., AsusTek Computer Inc., Harman International, Roku Inc., Bose Corporation, Timex Group USA Inc., Casper Sleep Inc., InFocus Corporation, Panasonic Holdings Corporation, iHome Inc., Hatch Retail Inc., Ultimate Ears Inc., Clockwork Synergy Inc
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What Is Covered In The Smart Clock Global Market Report?
•Market Size Forecast: Examine the smart clock market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart clock market for a structured understanding.
•Key Players Overview: Analyze major players in the smart clock market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart clock market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart clock market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart clock market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart clock market.
•Competitive Landscape: Review strategic developments in the smart clock market, including expansions, agreements, and new product launches.
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