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Smartwatch Market Evolves from Digital Time Telling Machine to Fitness Tracker

Published By: IndustryARC Published On : 27-Mar-2019

Global Smartwatch Market: Demand Analysis and Growth Forecast


A smartwatch is a device which is very similar to mobile phone having a touchscreen display with various applications in it, through which a person can easily access his mobile through Bluetooth. And, the innovation is ripe to offer plentiful profits to able players, according to the findings of the newly published market research report by IndustryARC titled “

Smartwatch Market: By Product Type (Extension, Classic & Standalone Smartwatch); By Application (PA, Wellness, Medical/ Health, Sports); By Operating Systems (iOS, Android, Windows) & By Region – Forecast (2019 - 2025)

.” The analysts have valued the global smartwatch market size at around $7 to $10 billion as of 2018 and projected the demand to multiply at a CAGR of 14% to 16% during the forecast period of 2019 to 2025. 

Wearable in the form of wristwatch can track various activities which is more enhanced than only digital time telling and peripheral devices such as digital camera, thermometers, and accelerometers. 2018 was the year for the smartwatch market, especially with new fitness trackers. There has been significant growth in the emerging smart watch market, which potential demand coming from the healthcare industry, paving way to efficient care at a cheaper cost as it can expeditiously detect the increasing blood pressure and heart rate immediately. 

Browse 52 Market Tables, 176 Figures spread through 165 slides and an in-depth TOC “

Smartwatch Market (2019 - 2025)


Global Smartwatch Market: Leading Segments 


North America has remained the dominating region for the smartwatch market ever since it was invented in Japan. The smartwatch market has reached from a high-tech niche market to the fixture of the watch industry. The percentage of North America’s population using smartwatch is expected to take a remarkable leap in terms of its revenue and consumption.  The regional share is more than 34% to 35% globally, with the healthcare application CAGR of 15% to 17% during the forecast period of 2019 to 2025. 


Global Smartwatch Market: Market Trends and Growth Drivers


  • Smartwatches Inching Towards Medical Devices

Healthcare is driving next gesture of growth in smartwatch market. Continuous improvements in the smartwatch market are the main key driver that are mentioned above about the heart beat and blood pressure. In 2018, Apple Inc. decided to innovate the device with more accurate readings of the heart and blood pressure. It is a strategy to make people “want” a smart watch. They have tagged themselves as “the ultimate devices for healthy life”. According to Phys.Org, Apple Inc. shipped around 18 million watches in 2017.   

  • Fitbit Detecting Health Conditions

Fitbit is working towards the next step of technological advancement in the smartwatch market. Fitbit has recently gone ahead for expansion for clinical validation and regulatory permissions towards detecting health conditions such as sleep apnea and atrial fibrillation. Fitbit has recently launched the latest Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace2.

Global Smart Watch Market: Competitive Landscape

Some of the key companies identified in the report that is  currently holding majority shares in the global smart watch market are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corporation, Samsung Electronics, LG Electronics, and Huawei Technologies Co. Ltd.

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Related Reports:


Wrist Wearable Devices Market:

By Electronic Components (Display, Memory, Optoelectronic, Processors, Sensors, Wireless Communication Modules); By Products (Activity Trackers, Healthcare Monitors, Lifestyle Bands, Infotainment Devices, Fitness); By Applications (Healthcare, Lifestyle and Wellness, Medical, Sports and Fitness, Information Control, Entertainment); By Geography - Forecast (2018-2023)

Bluetooth Low Energy Market:

By Solution (Modules, Chipsets); By Mode (Single, Dual); By Application (Infotainment, Navigation, Others); By Geography - Forecast (2018-2023)

About IndustryARC:


IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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