The Worldwide Smart Watch Industry is Projected to Reach $168.9 Million by 2027 at a 17.1% CAGR - ResearchAndMarkets.com

The "Smart Watch: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Smart Watch estimated at US$56.1 Million in the year 2020, is projected to reach a revised size of US$168.9 Million by 2027, growing at a CAGR of 17.1% over the analysis period 2020-2027.

Android, one of the segments analyzed in the report, is projected to record a 18.4% CAGR and reach US$135.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the iOS segment is readjusted to a revised 14.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $15.1 Million, While China is Forecast to Grow at 22% CAGR

The Smart Watch market in the U.S. is estimated at US$15.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$40.2 Million by the year 2027 trailing a CAGR of 22.2% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 15% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$26.3 Million by the year 2027.

Other Compatibilities Segment to Record 7.3% CAGR

In the global Other Compatibilities segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$3.5 Million in the year 2020 will reach a projected size of US$5.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.6% CAGR through the analysis period.

Select Competitors (Total 28 Featured) -

• Apple, Inc.
• Connectedevice Holding Ltd.
• Google, Inc.
• LG Electronics Inc.
• Qualcomm, Inc.
• Razer Inc.
• Samsung Electronics Co., Ltd.
• Sonostar, Inc.
• Sony Corporation
• Timex Group USA, Inc.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Smart Watch - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/7l3a4e-watch?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005812/en/