The global smartwatch market size was valued at 29.31 billion in 2023. The market is projected to expand from USD 33.58 billion in 2024 to USD 103.61 billion by 2032, exhibiting a CAGR of 15.12% over the estimated period. The expansion is propelled by the increasing consumer inclination toward technological devices on account of various features such as fitness tracking, navigation, notification checking, and others.

Fortune Business Insights™ provides this information in its research report, titled “Smartwatch Market, 2024-2032”.

Top Company in the Smartwatch Market:

• Apple Inc. (U.S.)
• The Samsung Group (South Korea)
• Garmin Ltd. (U.S.)
• Fitbit LLC (U.S.)
• Huawei Technologies (China)
• Fossil Group, Inc. (U.S.)
• Polar Electro (Finland)
• ASUSTek Computer Inc. (Taiwan)
• LG Electronics (South Korea)
• Xiaomi Inc. (China)

Browse Detail Summary For the Smartwatch Market:

https://www.fortunebusinessinsights.com/smartwatch-market-106625

Segments:

iOS Segment to Exhibit Substantial Surge Owing to Robust Market Penetration of Apple

On the basis of operating system, the market is subdivided into Android, iOS, and others. The iOS segment is slated to register considerable growth over the forecast period. The segment holds a dominating share in the market. The rise is due to the robust penetration of Apple products considering their overall durability, features, and quality.

Male Segment to Lead Driven by Rising Number of Tech Enthusiasts