Global Smart Watch Market to Grow at an Impressive CAGR of 16.6% During the Period of
Forecast 2017 – 2025
The global market for smart watch is witnessing a tremendous growth due to increase in demand for
high end smart watch and increase in technological advancement. Revenue from the global smart
watch market was US$ 7,840.8 Mn in 2016. This revenue growth is attributed to addition of new
features in smart watch. According to a recent report “Smart Watch Market: Global Industry
Analysis (2012 – 2016) and Forecast (2017 – 2025),” published by Persistence Market Research,
the revenue from the global smart watch market to increase from US$ 9,019.2 Mn in 2017 to US$
30,811.0 Mn by 2027 end, representing a CAGR of 16.6% from 2017 to 2025. This increasing
revenue growth is attributed to continuous launch of innovative smart watch supporting growth of
this market.
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Global Smart Watch Market: Recommendations
Evaluation of smart watch technologies is helping users to keep real-time monitoring of health,
syncing with their smartphones which is creating opportunity for the smart watch manufacturers in
this market
Increasing retail networks in various states and cities also increasing e-commerce sale is creating
opportunity for smart watch manufacturers to maintain the effective supply chain
Smart watch are expected to witness substantially high demand during the forecast period due to
increase in demand for sports & health devices which will create opportunities to enter in
competitive market
Some of the key players such as Apple Inc., Fitbit Inc., Garmin Limited, Samsung Electronics Co.,
Ltd., Fossil Group, LG Electronics, Inc. are following product launch strategy in order to offer
innovative Smart Watches
Global Smart Watch Market: Forecast by Operating System
On the basis of operating system, the global smart watch market is segmented into watchOS (iOS),
Android /Android Wear, Linux, Pebble OS, RTOS, Tizen, and Others. In terms of value, watchOS
(iOS) segment is projected to be the most attractive in the global smart watch market during the
forecast period. In 2016, watchOS (iOS) segment was valued at US$ 2,933.6 Mn and is expected to
witness steady growth in terms of revenue throughout the forecast period. Android/Android wear
segment is also expected to register high Y-o-Y growth rates throughout the forecast period. In
terms of value, this segment is expected to expand at a CAGR of 17.5% during the forecast period.
Among operating system, watchOS (iOS) segment is expected to dominate the market with a
revenue share of 37.6% in 2017.
Global Smart Watch Market: Forecast by Price Range
Price range segment consists of high price, medium price and low price. In 2016, medium segment
was valued at US$ 2,550.1 Mn and is expected to witness steady growth in terms of revenue
throughout the forecast period. In terms of value, medium segment is projected to be the most
attractive in the global smart watch market during the forecast period. Low price segment is also
expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this
segment is expected to expand at a CAGR of 16.7% during the forecast period.