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Music Streaming Watches Market Trends

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

Music Streaming Watches Market Trends

There’s a evident industry trend in the music streaming watches industry characterized by the growing collaborations between watch makers and streaming services. These partnerships are intended to merge music streaming services into wearables improving participants’ comfort and progressing the concept of music-streaming watches beyond play-back.
 

Currently, extending the cooperation with the most used streaming services like Spotify or Apple Music and even such a luxurious service as Tidal enables watch manufacturers to let their customers enjoy millions of songs, favorite tracks, as well as curated playlists, and even special content right from the watch’s screen. It not only makes the operation easier but also enhances the market demand and necessity for these devices by accompanying people, especially music and fitness lovers.
 

Moreover, such partnerships increase rivalry among brands focusing on the exclusivity of content and novelty of the options provided. Producers are paying more attention to the design of products, as well as in the software they use from streaming applications to make navigation and controls easily available right from the watch face. Experts of this competitive environment increase the development of wearable technology and manufacturers improving their devices so they are equipped with new functions and features that will attract the tech-savvy end users.
 

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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