Smartwatches Statistics 2024 By Manufacturers and Customers

Introduction

Smartwatches Statistics: As of studies, the market dimension of the worldwide smartwatches business is predicted to achieve $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 growing 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 items, area, nations, and so on. These Smartwatches Statistics embrace insights from numerous points that present mild on why Smartwatches have gotten so common amongst each particular person world wide.

Editor’s Selection

• As of studies, the worldwide income earned by the smartwatch phase over different sensible wearables is predicted to generate round $44.91 billion from 2023 to 2027.
• In response to the report of Mordor Intelligence, the smartwatch market cargo quantity in 2023 is meant to be 134.12 million items and 456.89 million by the tip of 2028 with a CAGR of 27.78% from 2023 to 2028.
• In response to the examine of Demand Sage, world wide, 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 world wide is predicted to be  $37.70 billion.
• As of 2024, the overall market income of the smartwatch is predicted to achieve $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.
• Nearly 92% of worldwide customers use smartwatches to verify their well being and health.
• As of the report in 2023, Apple is the dominating model of smartwatches amongst others with the most important market share of 30%.
• In response to Fortune Enterprise Insights studies, primarily based on the working system the IOS holds the best market share of the world Smartwatch market is 53.44% adopted by Android.
• In response to Statista report evaluation, in 2023 highest income generated by China’s smartwatches market is predicted to achieve $16,920 million.
• The market dimension of North American Good Watch is predicted to achieve 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 corresponding to various kinds of biosensors, IoT, Bluetooth, and GPS. They will let you reply calls, learn textual content messages, emails, climate updates, and so on. Different distinctive options of smartwatches are monitoring coronary heart charge, sleep sample, blood strain, 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.

Common Statistics

• In response to report from Statista, income earned by the smartwatches market is projected to achieve round $44.15 billion by the tip of 2023.
• As Statista studies, the market quantity of smartwatches is predicted to achieve round $62.46 billion by the tip of 2028 with a market share of seven.19% from 2023 to 2028.
• Within the 12 months 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 consumer of smartwatch industries is predicted to be $201.20.
• As of 2023, income generated by China’s smartwatches market is predicted to achieve $16,920 million.
• As of studies in September 2023, Apple has launched a brand new smartwatches collection 9 together with best-selling options which has achieved a big environmental milestone.
• By the tip of 2032, the market dimension of smartwatches world wide is predicted to be $164.7 million from 2022 to 2032.
• In response to the studies 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 12 months.

Smartwatch Market Statistics

(Supply: gminsights.com)

• As of World 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 aspect, the market progress is predicted to achieve 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 best phase valuations are the OLED phase (91%), and the Operating phase (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 response to Fortune Enterprise Insights studies, primarily based on the working system the IOS is holding the best market share of the worldwide Smartwatch market is 53.44% in 2022 adopted by Android.
• Whereas, in the US the IOS working system has secured the best market share of  63.98%.

Smartwatches Statistics by Market Leaders

(Supply: mordorintelligence.com)

• In response to Juniper Analysis evaluation, it’s predicted that by the tip of 2023, the 4 largest market leaders of Smartwatches corresponding to Apple, Fossil, Fitbit, and Samsung are going to carry a  market share of 47%.
• In response to Enterprise of Apps studies, the overall income generated by Apple Inc. in 2023 is meant to be $383.2 billion.
• In response to the studies of Apple World Immediately, 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 studies, the market of Apple Smartwatch is predicted 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% world wide.
• 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 response to the studies of Demand Sage, world wide, there are greater than 219.43 million smartwatch customers in 2023.
• In coming years, complete variety of anticipated smartwatch customers world wide 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 share 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 response to 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 nations 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 response to Statista report evaluation, in 2023 highest income generated by China’s smartwatches market is predicted to achieve $16,920 million.
• Moreover, different nations 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 the US ($12.87 billion).

Smartwatches Statistics by Area

(Supply: mordorintelligence.com)

• As of the above graph evaluation, the market dimension of North American Good Watch is predicted to achieve 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 Good Watch in 2023 is meant to achieve 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 Good Watch is predicted to achieve 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 predicted to develop at a CAGR of 13.40% and 5.2% from 2023 to 2028 respectively.
• In response to Allied Market Analysis evaluation, Within the European area highest market share was accounted for by the UK, and the fastest-growing nation out there 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 groups Booster, Peloton, Health Coach, and amp; Weight loss plan, Noom, and Hold.
• 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 plan ($2.74  million), Noom ($2.32 million), and Hold ($2.18 million).

Smartwatches Statistics by Web site Site visitors

By Nation

(Supply: similarweb.com)

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

By Age Distribution

(Reference: similarweb.com)

• As of November 2023, the smartwatch statistics by the demographic state that, the best
  variety of avid gamers 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, complete female and male customers of Smartwatches are 68.24% and 31.76% respectively.

Smartwatches Statistics by Motive

• As to studies, the principle purpose for utilizing smartwatches is to assist in monitoring and sustaining well being and health (92%).
• Moreover, different causes are adopted by permitting customers to attain health targets (88%),
  serving to customers in doing common workout routines (48%), and growing 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 as we speak, after finishing the article on smartwatch statistics it may be said that this transportable machine is unobtrusive and simple to hold. They’re included with a wide range of healthcare functions, which is feasible solely as a result of availability of superior know-how these are equipped with biosensors. A number of efficient statistics are described elaborately above and hope all of the above data will enable you to perceive the detailed market evaluation of smartwatches.

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