IoT-driven smartwatches are a key trend that will not only operate as a standalone technology but interact with other IoT-devices to vastly improve a user's quality of life. Heart rate monitoring now is featured in almost 60% of the smartwatches. After 10+ years product marketing experience during her working period, she joined Counterpoint to pursue her interest in IoT and emerging future technology. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. Hawaii ranks second with 14.9% market share with the 2.1 million shipments which is 113% more growth than the last year. Xiaomi crowdfunding Mi Watch Forbidden City Edition at 1299 yuan. The report titled "Global Smartwatch Market - Analysis By Product Type (Extension, Standalone, Hybrid), By OS (WatchOS, WearOS, Tizen, RTOS), By Application (Fitness, Lifestyle), By Channel (Online, Offline), By Region, By Country (2019 Edition): World Market Review and Forecast to 2024 - By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (US, Canada, UK, Germany, France, Italy, China, Japan, India, Australia)" has covered and analyzed the potential of global smartwatch market and provides statistics and information on market size, shares and growth factors. Worldwide smartwatch shipments reached 14.3 million units in Q1 2020, up 12% year on year, despite COVID-19. By Operating System (WatchOS, WearOS, Tizen, RTOS and Others) ? So, in the fourth quarter of 2020, the smartwatch market declined slightly on an annualized basis. By Distribution Channel (Offline and Online), Country Analysis - US, Canada, UK, Germany, France, Italy, China, Japan, India, Australia (Actual Period: 2014-2018, Forecast Period: 2019-2024)? Since this is the last quarter of the year, the report includes data for the year as a whole. press(at)counterpointresearch.com. Smartwatch Market is expected to rise to an estimated value to grow with the healthy CAGR of 17.7% in the forecast period of 2019-2026. The Extension Smartwatches has been witnessing growth at a noteworthy rate over the past few years backed by wider availability of options which adds flexibility in decision making with its increasing usage in segments such as Fitness, Healthcare, Personal assistance etc. Regional Smartwatch Market - Size, Growth, Forecast? Commenting on the smartwatch market dynamics, Senior Analyst Sujeong Lim said: “The smartwatch space remains a popular consumer device segment, compared to the downturn seen in smartphone demand and many other segments in the first six months of 2020 due to the devastation caused by COVID-19. The report analyzes the Smartwatch Market by Product Type of Smartwatch (Extension, Standalone and Classic/Hybrid), By Operating System (WatchOS, WearOS, Tizen, RTOS, and Others), and By Distribution Channel (Offline and Online). Its key analysts are experts in the industry with an average tenure of 13 years in the high-tech industry. Analysts… The global smartwatch market posted a healthy 20% revenue growth in H1 2020 despite the COVID-19 pandemic and shipments remaining flat compared to the same period last year, according to the latest research from Counterpoint’s IoT service. According to Azoth Analytics research report "Global Smartwatch Market - Analysis By Product Type (Extension, Standalone, Hybrid), By OS (WatchOS, WearOS, Tizen, RTOS), By Application (Fitness, Lifestyle), By Channel (Online, Offline), By Region, By Country (2019 Edition): World Market Review and Forecast to 2024 - By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (US, Canada, UK, Germany, France, Italy, China, Japan, India, Australia)", the global Smartwatch market is projected to display a robust growth represented by a CAGR of 18.44% during 2019 - 2024. Fitbit, Ticwatch and Suunto faced some tough competition from Garmin and Apple during the first half and will thus look forward to ramping up initiatives to ignite the demand during the holiday season.”, Exhibit 2: Global Smartwatch Best-Selling Models by Shipment Volumes, H1 2020, Commenting on other smartwatch trends, Research Director Jeff Fieldhack said: “Google WearOS continues to account for 10% of the total smartwatch market, behind Apple WatchOS. In the final quarter of last year, Apple Watch models accounted for 40% of the market share. Since this is the last quarter of the year, the report includes data for the year as a whole. Though Apple’s shipments fell 13%, its smartwatch platform remains the world’s largest and is growing steadily. Sujeong Lim is a Research Analyst at Counterpoint Research based out of Seoul Korea. By Product Type (Extension, Standalone, Classic/Hybrid)? Porter Five Force Analysis? The Global Smartwatch market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. WatchOS gained 4 million new active users during the quarter, bringing the total installed base to an estimated 70 million. Different operating systems such as watchOS, Android, Linux, and others are available in the market. Garmin, the second-largest brand in terms of revenue globally, continued to make strides cornering the sports enthusiast and athlete market. In 2020, Samsung launched the Galaxy Watch 3 , and the South Korean firm is rumored to be switching to Google’s Wear OS operating system later this year. Counterpoint Technology Market Research is a global research firm specializing in Technology products in the TMT industry. Amazfit Bip S, New smartwatch from Huami set to launch at CES 2020. No additional cost will be required to pay for limited additional research.Â. Since it appeals to fewer premium consumers compared to Apple, demand from its base was weaker during the pandemic. Samsung faced some headwinds during the first half, but the launch of Galaxy Watch 3 in the second half could drum up some demand for the Korean vendor. Published by Statista Research Department, Jan 22, 2021 In 2019, an estimated 20.1 million smartwatches were sold in the United States. The massive leaps in battery life and processing power are helping to better track overall health as continual heartrate, sleep and other monitoring can be done instead of the device sitting on a charger. By Operating System (WatchOS, WearOS, Tizen, RTOS and Others)? Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. The Smartwatch market has been analyzed By Region (North America, Europe, Asia Pacific and Rest of the World) and By Country (US, Canada, UK, Germany, France, Italy, China, Japan, India, and Australia) for the historical period of 2014-2018 and the forecast period of 2019-2024.Â. Mar 12, 2021 (AmericaNewsHour) -- Key factors driving the robust growth rate of North America region include increasing tech-savvy population, rising pool of chronic diseases like obesity and diabetes and growing popularization of health and fitness to maintain healthy lifestyle. A new report from Canalys reveals some of the trends in the growth of the global smartwatch market. Contact the source provider Comtex at editorial@comtex.com. Huawei benefitted from significant demand for its smartwatches, especially the Watch GT2 series in its home market China and Asian markets, with shipment volumes growing 90% in both the regions. Is there a problem with this press release? Apple held the largest share of the global smartwatch shipment market in the first quarter of 2020. Other Report Highlights? The top three brands contributed more than 69% of the total market revenue in H1 2020. By Product Type (Extension, Standalone, Classic/Hybrid)? Apple has shipped 5.2 million smartwatches in the first quarter of 2020 holding 36.3 % market share. Counterpoint Research Apple, Garmin, and Huawei continue to top the smartwatch market in 2020. ‘My husband told me that my $1,400 stimulus check will be spent on aluminum siding on our home.’ What can I do. Apple captured a record half of the market in terms of revenue due to strong demand for the Apple Watch S5 models. This year, the average selling price of smartwatches is expected to improve. Garmin Vivoactive 3 GPS Smartwatch — $123.80 (List Price $249.99) Garmin Instinct Rugged Outdoor Smartwatch With GPS — $204.00 (List Price $299.99) So, in the fourth quarter of 2020, the smartwatch market declined slightly on an annualized basis. According to a recent report published by Allied Market Research, titled, “Smartwatch Market By Product, Application, and Operating System: Global Opportunity Analysis and Industry Forecast, 2020-2027”, the global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027. Counterpoint Research analysts summed up the last quarter of 2020 in the smartwatch market. Market Dynamics - Drivers and Restraints? India (+57% YoY), Europe (+9% YoY) and the US (+5% YoY), the most affected regions of COVID-19, saw a healthy growth in smartwatch shipments which offset the decline in other markets.”, Lim added: “Apple continued to dominate the smartwatch market both in volume and value. Our growing team of industry analysts and thought leaders should address all your needs. By Distribution Channel (Offline and Online), Regional Markets - North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)? So, in the fourth quarter of 2020, the smartwatch market declined slightly on an annualized basis. Counterpoint Research analysts summed up the last quarter of 2020 in the smartwatch market. In Counterpoint, she focuses on mobile ICT industry and mobile device research, especially dedicated on the Korea mobile market. The Apple Watch is still the smartwatch to beat by a mile in 2020. By Product Type (Extension, Standalone, Classic/Hybrid)? The GMI Research's latest analysis reveals that the Smartwatch Market is slated to register a significant CAGR over the forecast period. Smartwatch Market Share, Size, Trends Analysis & Industry Forecast Report, 2020-2027. 2019 – Another Turbulent Year Ahead for Automakers? Get in Touch, @2020 copyrights Counterpoint Technology Market Research | All rights reserved, Global Smartwatch Market Revenue up 20% in H1 2020, Led by Apple, Garmin & Huawei, Weekly Update: Global Coronavirus Impact and Implications, Podcast: 5G Smartphone Shipments to Double in 2021 Despite Component Shortages, India TWS Shipments Cross 10 Million, Post 641% YoY Growth in Q4 2020, True Wireless Hearables Market Beats Expectations in 2019 with Apple to Continue Dominating in 2020, Top Five Smartphone Brands in Nigeria Capture a Record 84% Share in Q2 2019, Nokia Leads the Global Rankings in Updating Smartphone Software and Security. https://www.kennethresearch.com/sample-request-10086141, Smartwatch Market Size, Share 2020: Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024, What to do if you already filed taxes but want to claim the $10,200 unemployment tax break, Lordstown stock falls 20% after short seller says electric-truck is a ‘mirage’, Fewer people take a ‘wait and see’ approach to COVID-19 vaccine — here’s what changed their minds, What the democratization of private aviation means for investors. Smartwatch Market 2020–2027: Current Trends, Market Share, Top Impacting Factors and Product Development Strategies By Apple, Motorola, Google, Fitbit, … The Final Report will cover the impact analysis of COVID-19 on this industry: Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10086141. Between 2016 … Press release - reports intellect - Smartwatch Market 2020 crafting new business strategies by: Motorola/Lenovo, LG, Pebble, Fitbit, Garmin, Withings, Polar - published on openPR.com The Apple Watch SE is the best smartwatch money can buy right now, but it's only the right choice for you if you own an iPhone. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Shipments in the smartwatch market grew by just 1.5% in 2020, impacted by the COVID-19 pandemic and associated restrictions, according to research from … Copyright © 2021 MarketWatch, Inc. All rights reserved. By Operating System (WatchOS, WearOS, Tizen, RTOS and Others) ? Market Trends? The brand saw healthy demand (+31% YoY) for its Forerunner and Fenix line, making up one of the broadest portfolios of smartwatches in the market. Competitive Landscape? The post Smartwatch Market Size, Share 2020: Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 appeared first on America News Hour. Global Smartwatch Market - Size, Growth, Forecast? Not bits for Fitbit, Fossil, et al. Reported by analytics firm Counterpoint, Apple captured half of the global smartwatch market in the first half of 2020.Senior Analyst Sujeong Lim remarked that strong demand for the new Apple Watch Series 5 grew Apple's overall shipments by twenty-two percent. Smartwatch Market - Size and Growth? As per our market analysis report, the worth of the global smartwatch market size has been estimated at USD 48.44 Billion in 2020 and projected to reach USD 130.92 Billion by 2025, registering a CAGR of approximately 18.32% during the forecast period. A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the … Samsung had stagnated in H1 2020. The MarketWatch News Department was not involved in the creation of this content. Square form-factor accounts for almost two-thirds of the smartwatches globally as the form factor is helping to better fit additional sensors and needed battery footprint. The smartwatch market had a shipment of 68.6 million unit shipment in 2020 and expected to reach 157.2 million by 2026 and grow at a CAGR of 14.5% over the forecast period (2021 - 2026). Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Smartwatch market. The leaps in solar charging technology will also help OEMs concentrate on better monitoring. The smartwatch market grew just 1.5% last year due to the impact of the COVID-19 pandemic. Latest News: Garmin Instinct 2 Leaks with Pulse OX and Solar Charging Feature. Garmin’s share of the smartwatch market rose from 7 percent in Q1 2019 to 8 percent in Q1 2020. Apple was the single largest smartwatch maker in Q4 of 2019 when it controlled 34% of the market. In terms of shipment volumes, Apple Watch grew 22% globally with Europe and North America being the fastest growing markets in the first half of 2020.”, Commenting on the competitive landscape, Vice President Research Neil Shah said: “Huawei saw healthy volumes (+57% YoY), jumping to the second spot globally in the first half of 2020. It services major technology firms and financial firms with a mix of monthly reports, customized projects and detailed analysis of the mobile and technology markets. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players. DSCC says that in Q3 2020 JDI and Tianma saw very large increase in shipments, while EDO's shipments int his market declined 20%. Please touch base for any queries or insights on tech industry. By Distribution Channel (Offline and Online). Further, the cellular-capable smartwatch is becoming more popular and accounts for more than one in four smartwatches shipped, benefitting the likes of Qualcomm. Fall detection and SPO2 are the features that should see mass-adoption in future models. Executive Summary, A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Smartwatch Market. China, India and the rest of Asia remain central to these brands’ growth story. Europe and North America remain the key markets for Garmin.”, Talking about fast-growing brands, Shah said: “Amazfit (+51% YoY) and Xiaomi (+47% YoY) made healthy strides during the first half with expanding portfolios and better geographic reach. there are 5 Smartwatch manufacturers who own the largest share in the smartwatch market for Apple, Huawei, Samsung, Fitbit. In the third quarter, it achieved $2.3 billion, nearly half of global smartwatch revenue and an 18% increase over the same period last year. The Global Smartwatch market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Analysts attribute this to a new wave of … The whole smartwatch market increased 36% in Q3 2020, to reach 41 million, and DSCC expects the growth to continue to reach 45 million in Q4 2020. SWOT Analysis? Huawei’s Lite OS and Amazfit’s Amazfit OS are growing fast. Their 47.9 percent share was followed by Samsung whose market amounted to13.4 percent. Seoul, Hong Kong, New Delhi, Beijing, London, Buenos Aires, San Diego — August 20, 2020, Exhibit 1: Global Smartwatch Shipment Revenue Share % in H1 2020 vs H1 2019.