Global Electronic Watches Market Size By Type (Digital Quartz Watch, Analog Quartz Electronic Watch), By Application (Men, Women, Children), By Geographic Scope And Forecast

Electronic Watches Market Size and Forecast

Electronic Watches Market size was valued at USD 5.1 Billion in 2021 and is projected to reach USD 16.5 Billion by 2030, growing at a CAGR of 14.8% from 2023 to 2030.

Electronic watches fully meet the requirements of today’s world. Due to their uniqueness and number of functions, these watches are in high demand and their market is experiencing a boom. The main reason for the growth of the market is the ability to connect between your phone, home system and watch. The Global Electronic Watches Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Electronic Watches Market Definition

Electronic watches are inherently reliable. They have no or few moving parts that wear out. The embedded core circuit has also benefited from huge improvement efforts in applications such as aerospace and computing where high quality is essential. Electronic watches are also flexible. Incorporating additional capabilities into a mechanical watch, such as a programmed schedule, warning capabilities, and a stopwatch, is anything but difficult. The influence of the electronic idea on the conventional watchmaking industry, flawlessly in a given time frame that must last hundreds of years, has been extremely significant.

Global Electronic Watches Market Overview

In this smart world, everyone wants every gadget to be smart. Electronic watches fully meet the requirements of today’s world. Due to their uniqueness and number of functions, these watches are in high demand and their market is experiencing a boom. The main reason for the growth of the market is the ability to connect between your phone, home system and watch. The possibility of Bluetooth connectivity also increases the demand. The synchronization of electronic watches with mobile phones is the main factor in their popularity among people.

The rise of health awareness among people worldwide has brought about increased investment in health screening devices; this has contributed to better sales of electronic watches as they have extensive features that allow clients to control music, notifications, walking tracks, heart rate and various options that support the growth of the market. Furthermore, the growing trend of connected various devices and growing desire for a connected ecosystem is expected to lead to profitable expansion of the electronic watch market across the globe.

A growing number of workers are more inclined to keep sports and wellness as leisure activities. Likewise, high-intensity games have additionally made it easier for the fan to capture the assortment in wearable games, which has boosted the growth of the electronic watch market. Customers are more inclined to travel and in addition to seeking unique experiences and new technologies, the electronic watch market is likely to develop at a tremendous pace. On the other hand, the high value of the watch and the problems associated with more power consumption and battery life are hindering the expansion of the market.

Global Electronic Watches MarketSegmentation Analysis

The Global Electronic Watches Market is Segmented on the Basis of Type, Application, And Geography.

Electronic Watches Market, By Type

• Digital Quartz Watch
• Analog Quartz Electronic Watch
• Automatic Quartz Watch
• Solar Electronic Watch
• Multi-Functional Electronic Watch

Based on Type, the market is segmented into Digital Quartz Watch, Analog Quartz Electronic Watch, Automatic Quartz Watch, Solar Electronic Watch, Multi-Functional Electronic Watch, and Others.

Electronic Watches Market, By Application

• Men
• Women
• Children

Based on Application, the market is segmented into Men, Women, and Children.

Electronic Watches Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world

On the basis of Geography, the Global Electronic Watches Market is classified into North America, Europe, Asia Pacific, Latin America, Rest of the world. is estimated that the growing handicap and affordability of valuable watch brands is driving the electronic watch market and people are getting new technological innovations in watches all over the world without problems. Subsequently, the Asia Pacific region is expected to dominate the market due to the huge caliber of luxury watch manufacturers acquiring and competing in the region. The North American market is expected to grow sporadically, with some prominent players operating in the region such as Rolex, Omega and Channel. Increasing product innovation in the European region is estimated to drive the growth of the electronic watch market due to increasing health awareness among consumers who ultimately demand health monitoring devices. The growing working population in the Middle East region is expected to drive the market for electronic watches for residents to keep track of time.

Key Players

The “Global Electronic Watches Market” study report will provide valuable insight with an emphasis on the global market, including some of the major players such as Casio, SEIKO, XONIX, SWEDA, PASNEW, TIME100, SUUNTO, Rossini, BERNY and Others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2022, Indian smart accessories and audio brand Gizmore launched its first ‘Made in India’ smartwatch with premium features at an affordable price.
• In October 2021, Apple launched the Apple Watch Series 7 with a larger, more advanced and always-on Retina display, a built-in compass and international emergency calling.
• In June 2021, Huawei Consumer Business Group launched the Huawei Watch 3 Series, which consists of Huawei Watch 3 and Huawei Watch 3 Pro, two smartwatches powered by HarmonyOS 2 that bring consumers a convenient and smart life experience that is supported by enhanced interaction , independently. connectivity and interconnectivity of all scenarios.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Electronic Watches Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Electronic Watches Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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