22 Mar

Smartwatch Market Poised to Grow at a CAGR of 36% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Smartwatch Market. The report presents analysis of global as well as regional markets of smartwatch over the period of 2016 to 2024.The ability of smartwatches to seamlessly integrate with day-to-day official works, and health-related activities into an application-based module is making this product more demanding. Additionally, smartwatch are capable of making and receiving phone calls directly via blue-tooth connected mobile phones and displaying real time messages, and incoming phone call alerts, all of which allow users to more conveniently stay connected with their friends, family and business associates. These types of smartwatches are increasingly becoming popular among younger consumers, who like to in touch of their office and family simultaneously.


Additionally, it helps to track and maintain consumer’s personal health and fitness schedules and send them alert about any change in health situation. According to a recent study, smartwatches and healthcare fitness wearables have backed the widespread awareness on tracking personal health among people and pushed their outlook toward a healthy future. Thus, the growing awareness of personal health in people is a growth driver for the smartwatch market. The rapid emergence of technology has made people more conscious about their health and fitness, and applicability of smartphone to do several complex works. With better access to technology, people are increasingly using advanced gadgets to maintain their fitness levels. In this context, smartwatches help them in tracking their daily activities and reducing bad practices that may affect their wellness in the long run.


North America serves as a great market for revenue generation, followed by European countries, due to the presence of a large number of manufacturing companies in this region.  Asia Pacific region is showing the highest CAGR growth rate in the smartwatch market globally, due to growing disposable income among middle-class consumers, and exposure to several media about benefits of using smartwatch etc.  Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global smartwatch but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global smartwatch over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the smartwatch worldwide.


The report segments the global smartwatch on the basis of Products, Application and Operating system.


Global Smartwatch market  by Products

·         Extension Smartwatch

·         Standalone Smartwatch

·         Classical Smartwatch


Global Smartwatch market  by Application

·         Personal Assistance

·         Wellness

·         Medical/health

·         Sports

·         Others


Global Smartwatch market  by Operating System

·          Android

·          ios

·         Windows

·         Others


Companies Profiled in the Report

·         Apple inc

·         Google inc.

·         Garmin

·         Fitbit

·         Motorola

·         Sony corp

·         Samsung electronics co. Ltd.

·         Lenovo Group

·         Pebble Technology

·         ASUSTeK Computer

·         Fossil Group


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.