Global Smartwatches Market to Expand at a CAGR of 53.6% from 2014 to 2020
February 12, 2016 | Transparency Market ResearchEstimated reading time: Less than a minute
The global smartwatches market was valued at $701.2 million in 2013 and is expected to expand at a CAGR of 53.6% from 2014 to 2020, according to Transparency Market Research. As the perception of smartwatches is changing from being just an expensive accessory to a fitness and time tracker, more and more users are looking to buy these devices for health reasons.
Back in 2013, the mid-end smartwatches segment dominated the overall market with a share of 44%. However, as the understanding and usage of these watches is undergoing a revolution, consumers across the world are likely to invest in high-end smartwatches in the coming years, thus spurring the growth of the segment in the forecast period.
Amongst the operating systems, iOS smartwatches were a clear hit in 2014. Android trailed this segment closely in the same year. However, analysts predict thatwith Android Wear OS launched by Google Inc., the segment of smartwatches based on Android Wear OS is likely to accelerate at a CAGR of 57.9% from 2014 to 2020. The research report suggests that North America leads the global smartwatches market due to the huge pool of tech-savvy and health-conscious users in the region.
Suggested Items
Worldwide Wearables Market Forecast to Rebound in 2023 with Continued Growth Thereafter
06/26/2023 | IDCAfter declining for the first time ever in 2022, worldwide shipments of wearable devices are forecast to rebound in 2023, reaching a total of 504.1 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
The Doctor's In: How Health Smart Are Smartwatches?
06/07/2023 | Henry Crandall -- Column: The Doctor's InSure, smartwatches are state-of-the-art and snazzy, but what do they really tell us about our health? Do their growing reams of data on us impress or carry clout with actual health care professionals? What types of sensors are engineers putting into watches that might give us that extra glimpse of what’s happening under our skin, from temperature to blood flow, or even a heart issue? Let’s dive into watches, from start to future.
Wearable Technology Market to Hit $186.14 Billion by 2030
11/29/2022 | PRNewswireThe global wearable technology market size is expected to reach USD 186.14 billion by 2030, growing at a CAGR of 14.9% over the forecast period, according to a new report by Grand View Research, Inc.
North American Wearables Market Hits $2 Billion in Q2 2019
08/15/2019 | CanalysThe value of North America’s wearable band market reached $2.0 billion in Q2 2019, with shipments up 38% at 7.7 million units. Driven by booming smartwatch sales, North America remains the world’s most valuable wearable band market, despite being second to Greater China in terms of unit sales.
Smartwatch Display Shipments Saw Continued Strong Growth in 2018
04/01/2019 | IHS MarkitWith better synchronization between smartwatches and smartphones, smartwatch display shipments increased by 42%, year on year, to reach 149 million units in 2018, according to IHS Markit.