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Music Streaming Watches Market Analysis

  • Report ID: GMI10228
  • Published Date: Jul 2024
  • Report Format: PDF

Music Streaming Watches Market Analysis

Based on connectivity type, the market is divided into standalone (Cellular) and tethered (Wi-Fi/Bluetooth). Tethered (Wi-Fi/Bluetooth) segment dominated the global market with a share of over 45% in 2023. Tethered (Wi-Fi/Bluetooth) connected watches have dominated the market mainly because they are an adjunct to the currently existing smart phone setting. These watches mainly connect with smartphones via Wi-Fi or Bluetooth; thus, they benefit from internet connectivity and computational capacity of the smartphones. This integration enables the user to have a number of features on his or her wristwatch such as, music streaming, notifications and ability to integrate with other applications.
 

Actually, tethered watches are beneficial because they expand the concept of the smartphone to the wrist, which can be considered as one of the primary uses for such devices. Using Gesture Touch Recognizer users can control the music, being alerted of any incoming messages or calls on their connected smart devices without needing to stop and pick up their phones. There is a possibility of using such devices due to the convenience especially in places that accessing a smartphone could be difficult or rather cumbersome for instance while exercising or driving a car.
 

Music Streaming Watches Market Share, By Distribution, (2023)

Based on distribution channel, the music streaming watches market is divided into online and offline. The online segment is expected to register a CAGR of over 20% during the forecast period and generate a revenue of over USD 75 billion by 2032. The influence of the online distribution channels has remained rampant to grasp in the market because of the ease and accessibility experienced by consumers. Social media marketing is also used in e-commerce through the creation of online stores in social media platforms, and official brand websites where consumers can comfortably shop online from a wide range of products with detailed descriptions of each product in terms of the features and prices.
 

This is accompanied by interfaces making it easier for the shopping process coupled with customers reviews and ratings. Given the current increase in people’s use of digital interfaces and the growth of the internet as a marketing platform, online platforms do not only offer the right market environment for consumers but are also capable of offering brands a constantly flowing theater where they market their products to directly appeal to their desired population through appropriate marketing techniques.
 

U.S. Music Streaming Watches Market Size, 2022-2032, (USD Billion)

North America dominated the music streaming watches market in 2023, accounting for a share of over 11%. The consumers of North America prefer to invest in wearable gadgets as they can relate well to the concepts and embrace new technologies aiding the electronic world. Such willingness to invest in somewhat unconventional products like the music streaming watches only underlines today’s technology-based world where core human activities including exercise are monitored through specialized devices.
 

Consumers of the region prefer products that fit perfectly into their technological schedules. Hence, the likes of watches which can have standalone streaming or streaming that is linked to smartphones meets these preferences well. This is boosted by aspects like enhanced health monitoring features and integration of the popular streaming services making them appealing to those into technology.
 

Asia Pacific is seen as a prospect market for music streaming watches due to the rising trend of using wearable technologies coupled with healthy preference for gadgets that can supplement their lifestyle. ACEs including the big population base of countries like China and India with expanding middle-income demography are hugely responsible for music streaming watches market growth.
 

These consumers are indeed convenience and connectivity conscious thus find the concept of incorporating music streaming watches for the convenient way through which consumers can listen to music while at the same time additional side functions like health monitoring and smartphone notifications. In the same way, growth in digital support structures and an increase in the levels of internet connectivity improves the areas of Southeast Asia and increases market demand for these innovative gadgets.
 

In Japan, the kind of watches oriented to music streaming can be an epitome of the tendencies in the electronics’ market where quality is valued, Incidentally, Japanese consumers appreciate precise engineering and consistent performance when it comes to gadgets, and that is why music streaming watches are appropriate despite the non-obtrusive nature of the encounters.
 

These considerations added to the support of wearable technology due the high level of technological penetration and adoption that is seen in people where devices that increase convenience and efficiency will be welcomed. As the consumers’ taste becomes more refined and for their demand for sophisticated aesthetics appearing on wearable electronics, Japan continues to be an important market for premium music streaming watches.
 

There are many factors that can be singled out to affect the market of music streaming watches market in South Korea among which there is perfect synergy between advanced technologies and culture of digitalized ways of life. With reference to the consumers, South Korean consumers are known to be enthusiastic towards new technologies especially if they include improved connectivity and multiple functions.
 

The tech-savvy audience finds value in music streaming watches because of the additional features such as fitness tracking and smartphone connectivity apart from music that is in line with the country’s fitness conscious market. The market has a sound background in internal consumption of digital services and products, as well as a competitive environment stimulating constant evolution in goods’ differentiation. Therefore, South Koreans continue to present a robust and Constant market for wearable technology products anchored on availing novel and advanced technologies to meet new market trends.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of music streaming watches reached USD 39.6 billion in 2023 and will expand at 15% CAGR between 2024 and 2032, propelled by rising consumer demand for portable and convenient music access, advancements in wearable technology, and increasing internet penetration.

Music streaming watches industry from the online segment will garner 20% CAGR through 2032, due to the ability to compare products, read reviews, and benefit from promotional offers along with the increasing popularity of e-commerce platforms and digital retail channels.

North America market held 11% share in 2023, owing to the robust internet connectivity, high disposable income and the strong inclination toward fitness and lifestyle gadgets.

Some of the leading industry players include Apple Inc., Samsung Electronics, Garmin Ltd., Fitbit Inc., Huawei Technologies Co., Ltd., Fossil Group, Inc., and Amazfit, among others.

Music Streaming Watches Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 293
  • Countries covered: 21
  • Pages: 250
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