Smart Watch Market

Asia Pacific Smart Watch Market

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Debadatta

Author:

Debadatta Patel

Partha

Fact-checked by:

PARTHA PAUL

Aman

Editor:

Aman Singh

Asia Pacific Smart Watch Market Outlook 2031:

The Asia Pacific smart watch market size was valued at USD 36.03 Billion in 2022 and is projected to reach USD 181.63 Billion by 2031, expanding at a CAGR of 19.69% during the forecast period 2023 - 2031. Growth of the market is attributed to rising demand from new generation.

Smart watches are wearable devices that can perform both standard wristwatch operations and various smartphone functions. Furthermore, smart watches are used for operations such as notifications, navigation, application synchronization, and Bluetooth connectivity to place calls or send/receive messages over the Internet.

Asia Pacific Smart Watch Market Outlook

Obesity currently affects more than 135 million people in India. Obesity prevalence in India varies from rural to urban and state-to-state. Obesity prevalence was found to be higher in urban populations and states with a high socioeconomic status. As a result, the majority of people are using fitness trackers and smart watches to monitor their health and fitness levels.

Smart Watch Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand from young generation is projected to drive the market.
  • Growing tech-savvy population has fueled the market.
  • High cost of smart watches is estimated to hinder the market growth.
  • Development of new technological smart watch is anticipated to create immense opportunities for the market players.

Scope of Smart Watch Market Report

The report on the Asia Pacific smart watch market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific Smart Watch Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Operating System (Watch OS, Android/Wear OS, and Others), Display Type (AMOLED, PMOLED, and TFT LCD), Applications (Personal Assistance, Medical, Sports, and Others)

Regional Scope

China, Japan, India, South Korea, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Samsung Electronics Co. Ltd; Huawei Technologies Co. Ltd; Huami Corporation; Xiaomi Corporation; Apple Inc.; and Fitbit Inc.

Smart Watch Market Segment Insights:

The android segment is projected to hold a major market share

Based on operating system, the Asia Pacific smart watch market is segregated into watch OS, android/wear OS, and others.

In terms of revenue, android segment dominated the market and is expected to maintain its dominance during the forecast period, whereas Windows OS is expected to grow at the rapid pace.

Asia Pacific Smart Watch Market Operating System

The AMO-led segment is projected to grow during the forecast period

Based on display types, the Asia Pacific smart watch market is segregated into AMOLED, PMOLED, and TFT LCD.

The AMO-led segment is anticipated to expand at a high CAGR during forecast period. AMO-led is currently being used in smart phones and it gives a superior quality feel to its users. As smart watches are becoming more of experience based product, manufactures are using AMO-led glasses for the screen display.

The medical and sports segment is anticipated to expand during the forecast period

On the basis of end user, the Asia Pacific smart watch market is segregated into personal assistance, medical, sports, and others.

To cope with any type of health risk, young millennial want a wearable device that provides real-time health-related information. The adoption rate among people aged 25 to 34 is expected to rise to 42 percent during the forecast period.

However, the adoption rate for the 55-year-old and elder consumer group is expected to rise significantly. In the midst of the Covid-19 pandemic, vendors are seizing the opportunity by releasing smart watches and fitness trackers that can monitor and guide the user based on its measurements.

Asia Pacific Smart Watch Market End User

The market in China is projected to hold a major market share

In terms of regions, the Asia Pacific smart watch market is classified as China, Japan, India, South Korea, and Rest of Asia Pacific.

China is anticipated to dominate the market during forecast period. Strong economic growth in Asian countries, combined with the collapse of socialist ideologies regarding information control, has resulted in explosive internet penetration in the region.

According to a report published by the China Internet Network Information Center (CNNIC) on internet development in China, approximately 710 million Chinese people shopped online in 2019, with 37 percent of them live-streaming shoppers.

Segments

The Asia Pacific smart watch market is segmented on the basis of

Operating System

  • Watch OS
  • Android/Wear OS
  • Other

Display Type

  • AMOLED
  • PMOLED
  • TFT LCD

End-users

  • Personal Assistance
  • Medical
  • Sports
  • Others

Regions

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific

Key Players

Competitive Landscape

Major players’ competingnin the Asia Pacific smart watch market include Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd, Huami Corporation, Xiaomi Corporation, Apple Inc., and Fitbit Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Asia Pacific Smart Watch Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Watch Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Watch Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Watch Market - Supply Chain
  4.5. Global Smart Watch Market Forecast
     4.5.1. Smart Watch Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Watch Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Watch Market Absolute $ Opportunity
5. Global Smart Watch Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Watch Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Watch Demand Share Forecast, 2019-2026
6. North America Smart Watch Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Watch Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Watch Demand Share Forecast, 2019-2026
7. Latin America Smart Watch Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Watch Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Watch Demand Share Forecast, 2019-2026
8. Europe Smart Watch Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Watch Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Watch Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Watch Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Watch Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Watch Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Watch Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Watch Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Watch Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Watch Market: Market Share Analysis
  11.2. Smart Watch Distributors and Customers
  11.3. Smart Watch Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

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