How big is the global smartwatch market?

The global smartwatch industry was valued at USD 39.1 billion in 2024 and is projected to grow at a 9% CAGR, reaching USD 92 billion by 2034.

What is the market share of the running segment in the market?

The running segment accounted for approximately 37% of the smartwatch market share in 2024 and is anticipated to grow further by 2034.

Who are some of the prominent players in the smartwatch industry?

Key players in the market include Apple, ASUS, Fitbit, Fossil, Garmin, Google, Huawei, and Michael Kors.

What is the size of the OLED segment in the market?

The OLED segment dominated the smartwatch market with USD 36.1 billion in 2024 and is expected to reach USD 78.8 billion by 2034.

Smartwatch Market - By Product Type, By Operating System, By Display Type, By Price Range, By Application, By End-use, By Distribution Channel, Forecast 2025 - 2034

Name: Smartwatch Market - By Product Type, By Operating System, By Display Type, By Price Range, By Application, By End-use, By Distribution Channel, Forecast 2025 - 2034
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI6819

Published Date: February 2025

Report Format: PDF

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Question(FAQ) :

How big is the global smartwatch market?: The global smartwatch industry was valued at USD 39.1 billion in 2024 and is projected to grow at a 9% CAGR, reaching USD 92 billion by 2034.
What is the market share of the running segment in the market?: The running segment accounted for approximately 37% of the smartwatch market share in 2024 and is anticipated to grow further by 2034.
Who are some of the prominent players in the smartwatch industry?: Key players in the market include Apple, ASUS, Fitbit, Fossil, Garmin, Google, Huawei, and Michael Kors.
What is the size of the OLED segment in the market?: The OLED segment dominated the smartwatch market with USD 36.1 billion in 2024 and is expected to reach USD 78.8 billion by 2034.

Smartwatch Market Scope