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Smartwatch Market As Per Products, Application, Operating System, and Geography - Global Forecast up to 2026

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    Report

  • April 2021
  • Region: Global
  • IHR Insights
  • ID: 5322050
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Smartwatches are wristwatches with several functions such as monitoring blood pressure, heartbeat tracking, messages and emails, and many others. Smartwatches are portable and include touch screen displays, and have many other applications to control and have access to mobile devices. The new trend is the internet of things incorporated smartwatch that will operate connecting with other internet devices, which will be a key feature to enhance the users. The Smartwatch Market is expected to grow at the rate of 19.5% CAGR by 2026. This growth is majorly ascribed to the evolution of technologies that has majorly driven people in more conscious of their health and fitness. People are widely deploying modern gadgets to track their health condition and fitness levels with the increased access to technology. In this condition, fitness and health smartwatches assist them in keeping a record of their daily activities and reduces the bad practices that may negatively affect their wellness in the long run, which is a factor to enhance the market growth. However, the lack of awareness about all the smartwatches' features and facilities is expected to restrict the market growth.

Global Smartwatch Market as per Products

  • Extension Smartwatch
  • Standalone Smartwatch
  • Classical Smartwatch

Global Smartwatch Market as per Application

  • Personal Assistance
  • Wellness
  • Medical/health
  • Sports
  • Others

Global Smartwatch Market as per Operating System

  • Android
  • IOS
  • Windows
  • Others

Global Smartwatch Market as per Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The smartwatch market is segmented by product. The standalone smartwatch segment is expected to have the highest share in the market due to the extensive features included in the device. The utilities such as SIM card which allows making and receiving calls without a phone in hand. Moreover, the growing demand for devices based on intelligence to track routine activities further impels the segment growth.

The smartwatch's health application is witnessing the highest growth in the market over the forecasted period based on application. This is because the rising consciousness regarding health has increased among people suffering from few diseases such as diabetes, blood pressure, and others. Thus, the smartwatch demand has spurred among the people concerning their health; eventually, the health segment is witnessing growth.

On analyzing the operating system used in the smartwatch, the IOS-based operating smartwatches have a substantial share in the market. Since the smartwatch's key manufacturer, Apple, has launched watchOS products based on IOS, it has gained enormous market growth. Therefore, the introduction of the product by the Apple Company has boosted the segment growth.

In the North American region, a smartwatch's demand is booming to dominate the smartwatch market shares. The rising population with infectious diseases and the increasing requirement to track the patients' daily activities are propelling the smartwatch's demand in North America. Furthermore, the outbreak of the COVID-19 pandemic has spurred the need for the smartwatch in this region.

Few other factors responsible for enhancing the smartwatch market's growth are growth in numerous online stores around the world that will provide a new platform for smartwatch players to interact with customers. With the rising demand for smartwatches, the competitors in this market are offering their smartwatches in attractive accessories. There is an inclination towards online shopping with the introduction of digitalization and secured transactions in online payment. Thus, this advancement in shopping will generate opportunities for the smartwatch competitors in the near future.

This report also includes analyzing the smartwatch market's major competitors - Lenovo Group Limited, Apple Inc, Fossil Group, Inc., Polar Electro Oy, Samsung Group, Fitbit Inc, LG Electronics, Huawei Technologies Co., Ltd, Garmin Ltd, and AsusTek Computer Inc.

Thus, smartwatches are playing a major role in the present scenario of increasing infectious diseases. Furthermore, smartwatches' useful utilities such as integration with smartphones help monitor health, driving the geriatric population to deploy the smartwatch due to the increasing health problems in older people.
  • The competitive outlook provided in this report of the key competitors allows users to perceive dynamic strategies such as innovation in products, partnerships, mergers & acquisitions, and joint ventures of the key competitors.
  • This study further offers the SWOT analysis, portfolio analysis, capability analysis of the leading vendors.
  • Quantitative analysis of the market depicted in this report enables users to understand the market's real potential among four major regions.

Table of Contents

1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Products: Market Size & Analysis
5.1. Overview
5.2. Extension Smartwatch
5.3. Standalone Smartwatch
5.4. Classical Smartwatch
6. Application: Market Size & Analysis
6.1. Overview
6.2. Personal Assistance
6.3. Wellness
6.4. Medical/health
6.5. Sports
6.6. Others
7. Operating System: Market Size & Analysis
7.1. Overview
7.2. Android
7.3. IOS
7.4. Windows
7.5. Others
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. Lenovo Group Limited
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product End Users
10.1.4. Developments
10.1.5. Business Strategy
10.2. Apple Inc
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. Fossil Group, Inc.
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. Polar Electro Oy
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. Samsung Group
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. Fitbit Inc
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. LG Electronics Inc
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. Huawei Technologies Co., Ltd
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. Garmin Ltd
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. AsusTek Computer Inc
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy
11. Analyst Opinion
12. Annexure
12.1. Report Scope
12.2. Market Definitions
12.3. Research Methodology
12.3.1. Data Collation and In-house Estimation
12.3.2. Market Triangulation
12.3.3. Forecasting
12.4. Report Assumptions
12.5. Declarations
12.6. Stakeholders
12.7. Abbreviations
List of Tables
Table 1. Global Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 2. Global Smartwatch Market Value for Extension Smartwatch, by Geography, 2020-2026 (USD Billion)
Table 3. Global Smartwatch Market Value for Standalone Smartwatch, by Geography, 2020-2026 (USD Billion)
Table 4. Global Smartwatch Market Value for Classical Smartwatch, by Geography, 2020-2026 (USD Billion)
Table 5. Global Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 6. Global Smartwatch Market Value for Personal Assistance, by Geography, 2020-2026 (USD Billion)
Table 7. Global Smartwatch Market Value for Wellness, by Geography, 2020-2026 (USD Billion)
Table 8. Global Smartwatch Market Value for Medical/Health, by Geography, 2020-2026 (USD Billion)
Table 9. Global Smartwatch Market Value for Sports, by Geography, 2020-2026 (USD Billion)
Table 10. Global Smartwatch Market Value for Others, by Geography, 2020-2026 (USD Billion)
Table 11. Global Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 12. Global Smartwatch Market Value for Android, by Geography, 2020-2026 (USD Billion)
Table 13. Global Smartwatch Market Value for Ios, by Geography, 2020-2026 (USD Billion)
Table 14. Global Smartwatch Market Value for Windows, by Geography, 2020-2026 (USD Billion)
Table 15. Global Smartwatch Market Value for Others, by Geography, 2020-2026 (USD Billion)
Table 16. North America Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Table 17. North America Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 18. North America Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 19. North America Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 20. U.S Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 21. U.S Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 22. U.S Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 23. Canada Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 24. Canada Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 25. Canada Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 26. Europe Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Table 27. Europe Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 28. Europe Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 29. Europe Smartwatch Market Value, Operating System, 2020-2026 (USD Billion)
Table 30. Germany Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 31. Germany Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 32. Germany Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 33. U.K Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 34. U.K Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 35. U.K Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 36. France Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 37. France Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 38. France Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 39. Italy Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 40. Italy Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 41. Italy Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 42. Spain Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 43. Spain Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 44. Spain Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 45. Roe Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 46. Roe Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 47. Roe Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 48. Asia Pacific Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Table 49. Asia Pacific Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 50. Asia Pacific Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 51. Asia Pacific Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 52. China Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 53. China Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 54. China Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 55. India Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 56. India Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 57. India Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 58. Japan Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 59. Japan Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 60. Japan Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 61. Rest of Apac Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 62. Rest of Apac Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 63. Rest of Apac Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 64. Rest of World Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Table 65. Rest of World Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Table 66. Rest of World Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Table 67. Lenovo Group Limited: Financials
Table 68. Lenovo Group Limited: Products & Services
Table 69. Lenovo Group Limited: Recent Developments
Table 70. Apple Inc: Financials
Table 71. Apple Inc: Products & Services
Table 72. Apple Inc: Recent Developments
Table 73. Fossil Group, Inc: Financials
Table 74. Fossil Group, Inc: Products & Services
Table 75. Fossil Group, Inc: Recent Developments
Table 76. Polar Electro Oy: Financials
Table 77. Polar Electro Oy: Products & Services
Table 78. Polar Electro Oy: Recent Developments
Table 79. Samsung Group: Financials
Table 80. Samsung Group: Products & Services
Table 81. Samsung Group: Recent Developments
Table 82. Fitbit Inc: Financials
Table 83. Fitbit Inc: Products & Services
Table 84. Fitbit Inc: Recent Developments
Table 85. Lg Electronics Inc: Financials
Table 86. Lg Electronics Inc: Products & Services
Table 87. Lg Electronics Inc: Recent Developments
Table 88. Huawei Technologies Co., Ltd: Financials
Table 89. Huawei Technologies Co., Ltd: Products & Services
Table 90. Huawei Technologies Co., Ltd: Recent Developments
Table 91. Garmin Ltd: Financials
Table 92. Garmin Ltd: Products & Services
Table 93. Garmin Ltd: Recent Developments
Table 94. Asustek Computer Inc: Financials
Table 95. Asustek Computer Inc: Products & Services
Table 96. Asustek Computer Inc: Recent Developments
List of Figures
Chart 1. Global Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 2. Global Smartwatch Market Value for Extension Smartwatch, by Geography, 2020-2026 (USD Billion)
Chart 3. Global Smartwatch Market Value for Standalone Smartwatch, by Geography, 2020-2026 (USD Billion)
Chart 4. Global Smartwatch Market Value for Classical Smartwatch, by Geography, 2020-2026 (USD Billion)
Chart 5. Global Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 6. Global Smartwatch Market Value for Personal Assistance, by Geography, 2020-2026 (USD Billion)
Chart 7. Global Smartwatch Market Value for Wellness, by Geography, 2020-2026 (USD Billion)
Chart 8. Global Smartwatch Market Value for Medical/Health, by Geography, 2020-2026 (USD Billion)
Chart 9. Global Smartwatch Market Value for Sports, by Geography, 2020-2026 (USD Billion)
Chart 10. Global Smartwatch Market Value for Others, by Geography, 2020-2026 (USD Billion)
Chart 11. Global Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 12. Global Smartwatch Market Value for Android, by Geography, 2020-2026 (USD Billion)
Chart 13. Global Smartwatch Market Value for Ios, by Geography, 2020-2026 (USD Billion)
Chart 14. Global Smartwatch Market Value for Windows, by Geography, 2020-2026 (USD Billion)
Chart 15. Global Smartwatch Market Value for Others, by Geography, 2020-2026 (USD Billion)
Chart 16. North America Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Chart 17. North America Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 18. North America Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 19. North America Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 20. U.S Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 21. U.S Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 22. U.S Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 23. Canada Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 24. Canada Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 25. Canada Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 26. Europe Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Chart 27. Europe Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 28. Europe Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 29. Europe Smartwatch Market Value, Operating System, 2020-2026 (USD Billion)
Chart 30. Germany Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 31. Germany Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 32. Germany Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 33. U.K Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 34. U.K Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 35. U.K Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 36. France Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 37. France Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 38. France Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 39. Italy Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 40. Italy Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 41. Italy Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 42. Spain Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 43. Spain Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 44. Spain Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 45. Roe Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 46. Roe Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 47. Roe Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 48. Asia Pacific Smartwatch Market Value, by Country, 2020-2026 (USD Billion)
Chart 49. Asia Pacific Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 50. Asia Pacific Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 51. Asia Pacific Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 52. China Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 53. China Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 54. China Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 55. India Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 56. India Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 57. India Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 58. Japan Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 59. Japan Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 60. Japan Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 61. Rest of Apac Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 62. Rest of Apac Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 63. Rest of Apac Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)
Chart 64. Rest of World Smartwatch Market Value, by Products, 2020-2026 (USD Billion)
Chart 65. Rest of World Smartwatch Market Value, by Application, 2020-2026 (USD Billion)
Chart 66. Rest of World Smartwatch Market Value, by Operating System, 2020-2026 (USD Billion)

Companies Mentioned

  • Lenovo Group Limited
  • Apple Inc
  • Fossil Group, Inc.
  • Polar Electro Oy
  • Samsung Group
  • Fitbit Inc
  • LG Electronics
  • Huawei Technologies Co., Ltd
  • Garmin Ltd
  • AsusTek Computer Inc.

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