Global Smartwatch Market Size & Outlook, 2022-2030

The smartwatch industry worldwide is expected to reach a projected revenue of US$ 71,565.3 million by 2030. A compound annual growth rate of 8.2% is expected of the worldwide smartwatch industry from 2023 to 2030.
Revenue, 2022 (US$M)
$37,966.5
Forecast, 2030 (US$M)
$71,565.3
CAGR, 2023 - 2030
8.2%
Report Coverage
Worldwide

Global smartwatch market highlights

  • The global smartwatch market generated a revenue of USD 37,966.5 million in 2022 and is expected to reach USD 71,565.3 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 8.2% by 2030.
  • In terms of segment, 400-699 usd accounted for a revenue of USD 13,756.7 million in 2022.
  • 200-299 USD is the most lucrative price segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 37,966.5 million
Market revenue in 2030USD 71,565.3 million
Growth rate8.2% (CAGR from 2022 to 2030)
Largest segment400-699 usd
Fastest growing segment200-299 USD
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentation0-99 USD, 100-199 USD, 200-299 USD, 300-399 USD, 400-699 USD, 700-999 USD, Above 1000 USD

Other key industry trends

  • In terms of revenue, the North America accounted for 44.8% of the global smartwatch market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Brazil is the fastest growing regional market and is projected to reach USD 218.6 million by 2030.

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Smartwatch Market Scope

Smartwatch market segmentation & scope
0-99 USD
100-199 USD
200-299 USD
300-399 USD
400-699 USD
700-999 USD
Above 1000 USD

Smartwatch Market Companies

Name Profile # Employees HQ Website

Global smartwatch market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smartwatch market will help companies and investors design strategic landscapes.


400-699 usd was the largest segment with a revenue share of 36.23% in 2022. Horizon Databook has segmented the Global smartwatch market based on 0-99 usd, 100-199 usd, 200-299 usd, 300-399 usd, 400-699 usd, 700-999 usd, above 1000 usd covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Smartwatch Price Outlook (Revenue, USD Million, 2018-2030)
    • 0-99 USD
    • 100-199 USD
    • 200-299 USD
    • 300-399 USD
    • 400-699 USD
    • 700-999 USD
    • Above 1000 USD
  • Global Smartwatch Display Technology Outlook (Revenue, USD Million, 2018-2030)
    • LCD
    • OLED

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Horizon Databook provides a detailed overview of global-level data and insights on the Global smartwatch market , including forecasts for subscribers. This global databook contains high-level insights into Global smartwatch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global smartwatch market size, by regions, 2018-2030 (US$M)

Top 10 countries: Smartwatch market size, 2022 (US$M)

Global smartwatch market share, by price, 2022 & 2030 (%, US$M)

Smartwatch Market: Opportunity Assessment By Country

Global smartwatch market, by region, 2022 (US$M)

Global smartwatch market size, by regions, 2018-2030 (US$M)

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