Revenue in the Smartwatches segement is projected to reach US$100.20m in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 10.48%, resulting in a projected market volume of US$149.30m by 2027.
User penetration will be 2.14% in 2023 and is expected to hit 2.45% by 2027.
The average revenue per user (ARPU) is expected to amount to US$139.40.
In global comparison, most revenue will be generated in China (US$17,820.00m in 2023).
Smartwatch is a wearable connected device in the form of a watch that provides a local touchscreen interface for daily use from activity and health tracking to communication purposes. The most popular smartwatches are produced by famous brands such as Samsung, Apple, Garmin, Huawei, Xiaomi.