Smartwatch Market to Obtain Overwhelming Growth of USD 64,480.18 million by 2030, Size, Share, Trends, Growth Opportunities and Competitive Outlook

Published August 28, 2023

Smartwatch MarketData Bridge Market Research presents this information in their report titled Global Smartwatch Market.  Smartwatch Market report considers important aspects of the market that consist of historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Smartwatch Market industry. A transparent market research method has been accomplished here with the right tools and techniques which turns this market research report into the world-class. Market segmentation of Smartwatch Market report can be elucidated more clearly in terms of breakdown of data by manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks and entry barriers, sales channels, and distributors.

A reliable Smartwatch Market report provides with an actionable market insight to the clients with which they can make out the sustainable and profitable business strategies. Moreover, the prerequisites of Smartwatch Market industry have been understood at the fullest to endow them with the premium market research report. This report highlights the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. Information and data provided in Smartwatch Market analysis report can be very important for Smartwatch Market industry when it comes to dominate the market or generate a mark in the market as a new emergent.

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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.

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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

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.


  • Increasing usage of organic light emitting diodes (OLED) in smartwatch

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.

  • Increasing penetration rate of urbanization

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.

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The 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

Table of Contents

Executive Summary

1.1 Key Findings

1.2  Smartwatch Market Overview

1.3 Competitive Landscape

1.4 Smartwatch Market Outlook


2.1 Study Objectives

2.2 Smartwatch Market Definition

2.3 Scope of the Study

2.4 Research Methodology

2.5 Data Sources

2.6 Assumptions and Limitations

Smartwatch Market Dynamics

3.1 Smartwatch Market Drivers

3.2 Smartwatch Market Restraints

3.3 Smartwatch Market Opportunities

3.4 Smartwatch Market Trends

Global [Smartwatch Market Name] Smartwatch Market Analysis,  

4.1 [Category 1]

4.1.1 Smartwatch Market Size and Forecast

4.1.2 Smartwatch Market Share Analysis

4.2 [Category 2]

4.2.1 Smartwatch Market Size and Forecast

4.2.2 Smartwatch Market Share Analysis

4.3 [Category 3]

4.3.1 Smartwatch Market Size and Forecast

4.3.2 Smartwatch Market Share Analysis

Global [Smartwatch Market Name] Smartwatch Market Analysis, by Region

5.1 North America

5.1.1 Smartwatch Market Size and Forecast

5.1.2 Smartwatch Market Share Analysis

5.2 Europe

5.2.1 Smartwatch Market Size and Forecast

5.2.2 Smartwatch Market Share Analysis

5.3 Asia-Pacific

5.3.1 Smartwatch Market Size and Forecast

5.3.2 Smartwatch Market Share Analysis

5.4 Latin America

5.4.1 Smartwatch Market Size and Forecast

5.4.2 Smartwatch Market Share Analysis

5.5 Middle East and Africa

5.5.1 Smartwatch Market Size and Forecast

5.5.2 Smartwatch Market Share Analysis

Competitive Landscape

6.1 Smartwatch Market Competition Overview

6.2 Company Profiles

6.2.1 Company Business Overview Product/Service Portfolio Financial Overview Recent Developments

6.2.2 Company

6.2.3 Company

(Include profiles of key companies operating in the Smartwatch Market)

Smartwatch Market Outlook and Opportunities

7.1 Smartwatch Market Forecast

7.2 Emerging Trends and Opportunities

7.3 Strategic Recommendations

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