Digital Watch Market, By Type (Digital Quartz, Pointer Quartz, and Other), By Application (Men, Women, and Children), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Digital watch is a portable wearable device. It is used to track various actions such as steps covered in a day, heart rate, calories burnt, and others. Digital watch has a touchscreen display similar to mobile phone device and consists of various features through which a person can access his smartphone. Growth in adoption of smartphone coupled with fast internet connectivity is the major driver for the growth of the global digital watch market. Currently, the market is boosting by prominent tech companies such as Apple, Xiaomi, Samsung, Google, and others.

Growth in health awareness among the consumers

Consumers, now-a-days are spending lot on health monitoring gadgets, due to being conscious about their health. Apple, Inc. recently launched series 4 watch which can track heart rate, nervous system, health related events, and emergency or inactivity alerts. According to the data published by Centers for Medicare and Medicaid Services, every year in the U.S. US$3.4 trillion amount is spent on health which includes the collective sum of each individual spending on different healthcare products and services.

Increasing demand for wireless fitness & sports devices

The demand for wireless electronics is growing due to rapid rise in the internet connectivity and digitalization. The digital watch provides greater battery life, wireless connectivity, and other advanced benefits in addition to fitness trends/data that eventually boost the digital watch market growth. The digital watch is one of largest revenue sponsor in the wearable segment.

High initial cost

Due to adoption of various devices including sensors, display and others into a small compact device, digital watch comprises a complex circuit configurations. Thus, it is projected to restrain the growth of the market.

The digital watch market is segmented based on type, application, and region.

On the basis of type, the digital watch market is segmented into digital quartz, pointer quartz, and other. Based on application, the target market is segmented into men, women, and children

Regional Insights:

On region the digital watch market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is projected to register the largest growth over the forecast period due to the growing demand for high-end wearable devices and technological advancements in the field. Further, North America accounts the major share of market and also expected to register significant growth throughout the forecast period. The growth is mainly due to advanced mobile technology and massive adoption of IoT devices in this region.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Digital Watch market report based on supplement, nature, distribution channel, and region:

Digital Watch Market, By Type:

• Digital Quartz
• Pointer Quartz
• Other

Digital Watch Market, By Application:

• Men
• Women
• Children

Digital Watch Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the digital watch market includes Apple Inc., Sony Corporation, Google Inc., Garmin, LG Electronics, Fitbit, Motorola, Samsung Electronics, and Huawei Technologies Co. Ltd. The companies have adopted strategies such as mergers & acquisitions, product portfolio expansion, geographical expansion, agreements, and collaborations to improve their market penetration. For instance, in 2015, Fossil acquired wearable maker, Misfit, for US$ 260 million. This acquisition has positioned the company to drive the convergence of technology and style to become the fashion gateway to the high-growth connected devices and wearable technology markets.

• Apple Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Sony Corporation
• Google Inc.
• Garmin
• LG Electronics
• Fitbit
• Motorola
• Samsung Electronics
• Huawei Technologies Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section