Smartwatches Statistics 2024 By Manufacturers and ...

Introduction

Smartwatches Statistics: As of stories, the market dimension of the worldwide smartwatches business is anticipated to succeed in $77.22 billion by the tip of 2030 and $25.61 billion by and the market goes to develop at a CAGR of 14.84% from 2023 to 2030. The markets of smartwatches are rising as a result of rising penetration of the web and the upper gross sales charge of smartphones are influencing positively.

The market is segmented by distribution channel, utility, working system, cargo models, area, international locations, and many others. These Smartwatches Statistics embody insights from varied features that present mild on why Smartwatches have gotten so fashionable amongst each particular person around the globe.

Editor’s Selection

• As of stories, the worldwide income earned by the smartwatch section over different sensible wearables is anticipated to generate round $44.91 billion from 2023 to 2027.
• In keeping with the report of Mordor Intelligence, the smartwatch market cargo quantity in 2023 is meant to be 134.12 million models and 456.89 million by the tip of 2028 with a CAGR of 27.78% from 2023 to 2028.
• In keeping with the examine of Demand Sage, around the globe, there are greater than 219.43 million smartwatch customers of which women and men customers are 23% and 21.8% respectively in 2023.
• Round 184 million smartwatches are anticipated to be bought out by the tip of 2023.
• By the tip of 2023, the market valuation of smartwatches around the globe is anticipated to be  $37.70 billion.
• As of 2024, the overall market income of the smartwatch is predicted to succeed in $47.94 billion and anticipated shipments are speculated to be round 180 million.
• Smartwatches are utilized by 12.2% of Individuals in 2023 and three out of 10 web customers are at present utilizing.
• Virtually 92% of worldwide customers use smartwatches to test their well being and health.
• As of the report in 2023, Apple is the dominating model of smartwatches amongst others with the biggest market share of 30%.
• In keeping with Fortune Enterprise Insights stories, primarily based on the working system the IOS holds the very best market share of the world Smartwatch market is 53.44% adopted by Android.
• In keeping with Statista report evaluation, in 2023 highest income generated by China’s smartwatches market is anticipated to succeed in $16,920 million.
• The market dimension of North American Sensible Watch is anticipated to succeed in round $39.75 billion in  2023 and $85.71 billion by the tip of 2028.

(Supply: mordorintelligence.com)

What’s Smartwatch?

A smartwatch is an digital wristwatch that’s embedded with superior applied sciences reminiscent of several types of biosensors, IoT, Bluetooth, and GPS. They let you reply calls, learn textual content messages, emails, climate updates, and many others. Different distinctive options of smartwatches are monitoring coronary heart charge, sleep sample, blood stress, step counting, spatial detection, and health monitoring. These smartwatches can be found for various functions together with climbing, climbing, diving, aviation, and visible help.

As of 2023, prime productions of smartwatches are Apple Watch SE, Apple Watch Sequence 7, Fitbit Sense, Fitbit Versa 3, Garmin D2 Delta PX, Garmin Descent Mk2 Sequence, Garmin Vivoactive 4, Mobvoi TicWatch Professional 3, Motorola Moto 360, Samsung Galaxy Watch4, and Suunto 9 Baro.

Basic Statistics

• In keeping with report from Statista, income earned by the smartwatches market is projected to succeed in round $44.15 billion by the tip of 2023.
• As Statista stories, the market quantity of smartwatches is anticipated to succeed in round $62.46 billion by the tip of 2028 with a market share of seven.19% from 2023 to 2028.
• Within the yr 2023, the market penetration of smartwatches is 2.86% and anticipated to be 2.88% by the tip of 2028.
• The common income earned per person of smartwatch industries is anticipated to be $201.20.
• As of 2023, income generated by China’s smartwatches market is anticipated to succeed in $16,920 million.
• As of stories in September 2023, Apple has launched a brand new smartwatches sequence 9 together with best-selling options which has achieved a big environmental milestone.
• By the tip of 2032, the market dimension of smartwatches around the globe is anticipated to be $164.7 million from 2022 to 2032.
• In keeping with the stories of Counterpoint analysis, by the tip of September 2023, the worldwide market share of smartwatches has grown by 11.1% with nearly 35 million shipments from final yr.

Smartwatch Market Statistics

(Supply: gminsights.com)

• As of International Market Insights report evaluation, the market valuation of Smartwatch has accounted for $33.5 billion in 2022 and $90.4 billion by the tip of 2032.
• On the opposite facet, the market development is anticipated to succeed in a CAGR of 10.5% from 2023 to 2032.
• In 2022, the Market share of the North American area was greater than 41%.
• Whereas, the very best section valuations are the OLED section (91%), and the Operating section (41%).

Smartwatches Statistics by Model Cargo

(Reference: counterpointresearch.com )

• As of the above graph evaluation, within the 1st quarter of 2023, the worldwide smartwatch model cargo market dimension by prime manufacturers is Apple (26%) and others are adopted by Samsung (9%), Hearth Boltt  (9%), and others (56%).
• Within the 2nd quarter of 2023, the worldwide smartwatch model cargo market sizes by manufacturers are adopted by Apple (22%), Huawei (10%), Noise (10%), and others (58%).
• Within the third quarter of 2023, the worldwide smartwatch model cargo market sizes by manufacturers are adopted by Apple (22%), Hearth Boltt (10%), Huawei (9%), and others (59%).

Smartwatches Statistics by Working System

• In keeping with Fortune Enterprise Insights stories, primarily based on the working system the IOS is holding the very best market share of the worldwide Smartwatch market is 53.44% in 2022 adopted by Android.
• Whereas, in america the IOS working system has secured the very best market share of  63.98%.

Smartwatches Statistics by Market Leaders

(Supply: mordorintelligence.com)

• In keeping with Juniper Analysis evaluation, it’s predicted that by the tip of 2023, the 4 greatest market leaders of Smartwatches reminiscent of Apple, Fossil, Fitbit, and Samsung are going to carry a  market share of 47%.
• In keeping with Enterprise of Apps stories, the overall income generated by Apple Inc. in 2023 is meant to be $383.2 billion.
• In keeping with the stories of Apple World At the moment, within the 2nd quarter of 2023, Apple bought 8.1 million smartwatches which accounted for a market share of 18%.

(Reference: mordorintelligence.com)

• As of 2023 stories, the market of Apple Smartwatch is anticipated to be 32% of the share.
• In 2023, Samsung OS Smartwatch manufacturers are termed because the world’s best-selling wearable with a  market share above 10% around the globe.
• As of the above graph evaluation, in 2023 market share of prime producers of Smartwatches is adopted by Huawei (7%), Garmin (4%), Fitbit (1%), and others (46%).

Statistics by Demographics

• In keeping with the stories of Demand Sage, around the globe, there are greater than 219.43 million smartwatch customers in 2023.
• In coming years, whole variety of anticipated smartwatch customers around the globe are adopted by  2024 (224.31 million), 2025 (226.89 million), 2026 (226.89 million), 2027 (229.64 million), 2028  (230.85 million).
• As of 2023, the proportion of female and male customers statistics by age group are adopted by 16 to 24 years (21% and 19.6%), 25 to 34 years (26.9% and 27.2%), 35 to 44 years (25.5% and 24.5%), 45 to 54 years (20.9% and 18.6%), and 55 to 64 years (16.1% and 12.7%) respectively.
• In keeping with Pew Analysis, in 2023 round 24% of smartwatch customers belong to suburban areas,  city areas (20%), and rural areas (18%).
• Smartwatch customers share statistics by international locations adopted by Poland (26.5%), China (20.9%),
  United Kingdom (15%), Germany (14.5%), India (13.8%), United States (12.2%), France (12.1%),  Japan (2.4%), and Morocco (2.1%).

Smartwatches Income Statistics by Nations

• In keeping with Statista report evaluation, in 2023 highest income generated by China’s smartwatches market is anticipated to succeed in $16,920 million.
• Moreover, different international locations smartwatches market dimension in 2023 are adopted by India ($102.10  million), South Korea ($0.95 billion), France ($0.90 billion), Australia ($369.70 million), Belgium  ($199.60 million), Brazil ($203.50 million), Canada ($0.46 billion), China ($16.92 billion),  Colombia ($129.30 million), Denmark ($168.60 million), Egypt ($143.40 million), Germany  ($0.83 billion), Hong Kong ($77.92 million), Indonesia ($10.20 million), Germany ($0.83 billion),  Greece ($34.05 million), Italy ($0.70 billion), Japan ($0.92 billion), Kuwait ($29.78 million),  Latvia ($17.09 million), Lithuania ($43.93 million), Mexico ($139.30 million), Myanmar ($26.44  million), Nepal ($18.34 million), Netherlands ($294.80 million), New Zealand ($174.60 million),  Norway ($163.50 million), Philippines ($75.71 million), Russia ($453.80 million), South Africa  ($109.70 million), Switzerland ($336.40 million), Taiwan ($50.45 million), Thailand ($90.78  million), Turkey ($305.50 million), United Arab Emirates ($140.30 million), United Kingdom  ($0.83 billion), and america ($12.87 billion).

Smartwatches Statistics by Area

(Supply: mordorintelligence.com)

• As of the above graph evaluation, the market dimension of North American Sensible Watch is anticipated to succeed in round $39.75 billion in 2023 and $85.71 billion by the tip of 2028 with a CAGR of 16.61%.
• The market dimension of the European Sensible Watch in 2023 is meant to succeed in round $5.51 billion and $9.27 billion by the tip of 2028 with a CAGR of 9.79% from 2023 to 2028.

(Supply: mordorintelligence.com)

• As of the above graph evaluation, the market dimension of Asia Pacific Sensible Watch is anticipated to succeed in round $43.13 billion and $105.93 billion by the tip of 2028 with a CAGR of 19.69% from 2023  to 2028.
• The market share of Smartwatch in Latin America and the Center East area is anticipated to develop at a CAGR of 13.40% and 5.2% from 2023 to 2028 respectively.
• In keeping with Allied Market Analysis evaluation, Within the European area highest market share was accounted for by the UK, and the fastest-growing nation available in the market of Smartwatch is Italy with a CAGR of 15.47%.

Smartwatches Statistics by Apps

(Reference: mordorintelligence.com)

• Main health and sports activities apps utilized in smartwatches are My Health Pal, Fitbit, Strava, WW,  Exercises by Muscle mass Booster, Peloton, Health Coach, and amp; Weight loss program, Noom, and Maintain.
• As of the above graph evaluation, the market share of apps in 2022 is adopted by My Health Pal  ($8.98 million), Fltbit ($8.14 million), Strava ($5.66 million), WW ($5.56 million), Exercises by muscular tissues booster ($3.69 million), Peloton ($3.5 million), Health Coach and amp; Weight loss program ($2.74  million), Noom ($2.32 million), and Maintain ($2.18 million).

Smartwatches Statistics by Web site Site visitors

By Nation

(Supply: similarweb.com)

• As of November 2023, america of America had 5.5% of whole visitors on smartwatch.com.co, however it recorded a lower in whole web site guests by 4.04%.
• Different international locations recorded the next contribution in whole visitors: Chile = 4.53% (+7.03%), Russia = 4.52% (-6.96%), america = 4.31% (-2.8%), South Africa = 4.25%, and different international locations collectively made round 76.89%.

By Age Distribution

(Reference: similarweb.com)

• As of November 2023, the smartwatch statistics by the demographic state that, the very best
  variety of players noticed is between the age group of 25 years to 34 years leading to
  35.03%.
• There are 26.74% of smartwatch customers aged between 25 years to 34 years.
• 12.86% and 11.72% belong respectively to 18 years to 24 years and 35 years to 44 years.
• 8.71% of customers are aged between 55 years to 64 years.
• And there are 4.93% of Smartwatch customers contributing from the age group of 65 years+.
• As of 2023, whole female and male customers of Smartwatches are 68.24% and 31.76% respectively.

Smartwatches Statistics by Motive

• As to stories, the principle motive for utilizing smartwatches is to assist in monitoring and sustaining well being and health (92%).
• Moreover, different causes are adopted by permitting customers to realize health objectives (88%),
  serving to customers in doing common workouts (48%), and rising steps (34%).
• GenZ (56%) and Millennials (46%) use smartwatches for monitoring sleep and coronary heart charge.

Why Smartphones are used?

(Reference: statcdn.com)

Conclusion

As of right now, after finishing the article on smartwatch statistics it may be said that this moveable gadget is unobtrusive and simple to hold. They’re included with quite a lot of healthcare purposes, which is feasible solely as a result of availability of superior know-how these are provided with biosensors. A number of efficient statistics are described elaborately above and hope all of the above data will provide help to perceive the detailed market evaluation of smartwatches.

If nonetheless you aren’t utilizing one then, absolutely after going by this text you may be buying a smartwatch for your self.