Top Companies Smartwatch Market | Top Key Players Company Market Size & Share, Supply and Demand, Forecast Report by Vantage Market Research
Smartwatches are designed to provide features such as connecting to the internet, running mobile apps, making calls, messaging via text or video, checking caller ID, accessing stock and weather updates, providing fitness monitoring capabilities, providing GPS coordinates & location directions, and more, either on their own or when paired with a smart phone.
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Smartwatch Market Overview:
The Global Smartwatch Market was valued at USD 28.5 Billion in the year 2021 and is projected to reach a value of USD 80.1 Billion by the year 2028. The Global Market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 18.8% over the forecast period. A Smartwatch is a wearable computing device that looks and functions similarly to a wristwatch or other timepiece. Many Smartwatches are Bluetooth-enabled in addition to telling time. The watch transforms into a wireless Bluetooth adaptor, allowing the wearer's smartphone's functionality to be extended to the watch. The watch's interface can be used to make and receive phone calls from a mobile phone, read email and text messages, obtain weather updates, listen to music, compose email and text messages, along with asking a question to the digital assistant. Smartwatches offer many other features such as health informatics, such as heart rate, blood oxygen level, blood pressure, and temperature monitoring; contactless payment and digital wallet applications; along with location features, like a compass, maps, and an altimeter as well as GPS tracking. The increasing demand for wireless fitness and sports gadgets increased health awareness among users, and market players' technological developments in Smartwatches are likely to drive market growth in the years to come.
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Some of the key players operating in the Smartwatch Market are listed below:
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Company Name |
Revenue in the US |
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$229 Billion |
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$378 Billion |
|
$4 Billion |
|
$1 Billion |
|
$1 Billion |
|
$59 Billion |
|
$100 Billion |
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$62 Billion |
|
$2 Billion |
Samsung Electronics Co., Ltd is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. Samsung Electronics has played a key role in the group's corporate governance due to circular ownership. Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people. It is majority-owned by foreign investors. In 2019, Samsung Electronics was the world's second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than they found it.
Garmin International Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United Staes, Taiwan, and the United Kingdom. Garmin, SafeTaxi, and GNC are registered trademarks and OnePak Garmin Pilot are trademarks of Garmin Ltd. or its subsidiaries. With nearly 19,000 associates in 34 countries around the world, the company brings GPS navigation and wearable technology to the automotive, aviation, marine, outdoor and fitness markets.
Fitbit helps people lead healthier, more active lives by empowering them with data, inspiration, and guidance to reach their goals. Fitbit designs products and experiences that track and provide motivation for everyday health and fitness. Fitbit products are carried in approximately 39,000 retail stores and in 100+ countries around the globe. Fitbit’s diverse line of innovative and popular products includes Fitbit Sense, the Fitbit Versa family of Smartwatches, Fitbit Charge 4 and Fitbit Inspire 2 trackers, and Fitbit Aria Air smart scale. The Fitbit platform delivers personalized experiences, insights, and guidance through leading software and interactive tools, including the Fitbit app, and Fitbit OS for Smartwatches. Fitbit’s paid subscription service, Fitbit Premium, provides advanced analytics and actionable guidance in the Fitbit app to help you reach your health and fitness goals. Fitbit Premium + Health Coaching provides one-on-one virtual coaching with expert health coaches and personalized plans based on your Fitbit data. Fitbit Health Solutions develops health and wellness solutions designed to help increase engagement, improve health outcomes, and drive a positive return for employers, health plans, and health systems.
Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, the company offerings include traditional watches, Smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The company is committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors, PUMA and Tory Burch. The company bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels.
Sony’s purpose is simple. The company’s aim is to fill the world with emotion, through the power of creativity and technology. The company wants to be responsible for getting hearts racing, stirring ambition, and putting a smile on the faces of their customers. That challenge, combined with their spirit of innovation, motivates them to create groundbreaking technology, entertainment, and services for people worldwide. The company's history as a global brand has been built around employees that all have a passion for touching peoples’ lives, and pride in pushing beyond the status quo to produce truly extraordinary results. The company is uniquely positioned because it operates in many different industries from movies and music to video games and electronics. And, with offices around the globe, the company benefits from a global workforce that learns and grows together through mutual respect.
Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains telecom networks, IT, smart devices, and cloud services the company is committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, the company creates lasting value for their customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes. At Huawei, innovation focuses on customer needs. The company invests heavily in basic research, concentrating on technological breakthroughs that drive the world forward. The company has more than 180,000 employees, and operates in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.
LG Electronics (KSE: 066570.KS) is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global sales of over USD 63 billion in 2021. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over.
Casio Computer Co., Ltd. is a Japanese multinational electronics manufacturing corporation headquartered in Shibuya, Tokyo, Japan. Its products include calculators, mobile phones, digital cameras, electronic musical instruments, and analogue and digital watches. It was founded in 1946, and in 1957 introduced the world's first entirely electric compact calculator. It was an early digital camera innovator, and during the 1980s and 1990s, the company developed numerous affordable home electronic keyboards for musicians along with introducing the world's first mass-produced digital watches.
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