Smartwatches – Thematic Research

In 2019, the smartwatches market was worth $17bn. It will become a $64bn industry by 2030, according to GlobalData forecasts, having grown at a compound annual growth rate (CAGR) of 13% between 2019 and 2030.

The growth is mostly attributable to the addition of features such as cellular connectivity, health and fitness monitoring, and interoperability with other connected devices. While these features presently add to user convenience and generate demand, smartwatches will require a killer use case if they are to become indispensable to consumers.

Scope

This report provides an overview of the smartwatches theme.

It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.

It includes a comprehensive industry analysis, including up-to-date forecasts for global smartwatches revenues and shipments to 2030.

The detailed value chain shows where smartwatches fit into the broader Internet of Things ecosystem.

Key Highlights

Smartwatches could have a role to play in tackling COVID-19. Some vendors are adding apps that remind people to wash their hands frequently, while others are supporting research tracking the spread of the disease. Although smartwatches lack the capabilities to identify COVID-19 infection, they could be used as tools to monitor the health status of symptomatic patients.

Reasons to buy

Smartwatches have enjoyed a steady rise in popularity over the past five years. In 2019, 180 million people owned a smartwatch, up from 29 million in 2015, according to GlobalData estimates. The growth is mostly attributable to the launch of the first Apple Watch in April 2015. This report tells you everything you need to know about smartwatches, identifies the leading vendors (as well as those that are lagging behind), and includes new forecasts shwoing the impact of COVID-19 on sales of these devices.

Companies mentioned

Amazon

Microsoft

Alphabet

Alibaba

Apple

Huami

Swatch Group

Epson

Timex Group

Girogio Armani

Montrichard Group

Withings

Fossil Group

TAG Heuer

Casio

Mont Blanc

Michael Kors

Breitling

Oppo

Vodafone

Orange

SK Telecom

KT

Verizon

AT&T

Telstra

Optus

DJI

Vuzix

Parrot

Yuneec

Stratasys

3D Systems

Facebook

Samsung Electronics

Xiaomi

iRobot

GoPro

Baidu

HTC

Magic Leap

Logitech

Huawei

Dell

Hikvision

Panasonic

Garmin

Fitbit

Sony

Lenovo

Alarm.com

Control4

LG Electronics

Seiko Epson

Ingenico

Blackberry

TomTom

Toshiba

Royal Philips

HP

Nikon

Nintendo

Sonos

Quanta Computer

Ricoh

Wistron

Compal

Ningbo Bird

Pioneer

ZTE

Inventec

Acer

Sharp

Asus

Olympus

Canon

Table of Contents

Players

Technology briefing

Trends

Industry analysis

Value chain

Companies

Consumer electronics sector scorecard

Glossary

Further reading

Appendix: Our thematic research methodology

    Pricing

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