Electronic Watches Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
The electronic watches are innately dependable. They have no or not many moving parts that are liable to wear. The incorporated core circuit has likewise benefitted from the tremendous improvement exertion in applications, for example, aviation and PCs, where high quality is fundamental. Electronic watches are also flexible. It is anything but difficult to incorporate the extra capacities, for example, programmed schedule, caution capacities, and stopwatch work with extraordinary troubles in mechanical watches. The effect of the electronic idea on the conventional watch industry, flawlessly over a given time frame that must be in hundreds of years, was exceptionally significant.
Electronic Watches Market Growth and Trends
In this smart world, everyone wants each gadget to be smart. Electronic watches fit completely to the requirement of today’s world. These watches due to its unique and number of features are in high demand and its market is flourishing. The major reason behind the market growth is the capability of connection between your phone, home system and the watch. Bluetooth connectivity option is also enhancing its demand. Synchronization of electronic watches with cellular phones is the major factor of their popularity among people.
The rise in health consciousness among the people over the globe has brought increased investment on health checking devices; this has added better sales of electronic watches as it has extensive functions which empower clients to control music, warnings, walking tracks, heartbeat rate and different options which boost the market growth. In addition, the increasing trend of connected different devices, and the rising urge for the linked ecosystem is anticipated to bring profitable electronic watches market expansion worldwide.
The rising number of working people is more liable to hold onto sports and wellness as spare time movement. Likewise, high-intensity games have additionally smoothed the way for the fan to capture the assortments in the games wearable, thus, raising the electronic watch market growth. Customers have more likeness to experience voyaging, and alongside looking for distinctive experiences, additionally new technology, the market for electronic watches is likely to develop at a huge rate. On the other hand, the high worth of the watches, and issues linked with more power utilization and battery duration hinders the market expansion.
Electronic Watches Market Regional Analysis
Increasing disability and affordability of value watch brands is estimated to drive the electronic watches market with people seamlessly getting their hands on new technological innovations in watches across the world. The Asia Pacific region is expected to dominate the market subsequently owing to the huge caliber of manufacturers of luxury watches to acquire and compete in the region. The North American market is expected to propagate sporadically with some prominent players like Rolex, Omega, and Channel functioning in the region. Rising product innovation in the European region is estimated to drive growth for the electronic watches market attributed to increasing health awareness among consumers demanding health monitoring gadgets ultimately. The increasing number of the working population in the Middle Eastern region is expected to steer at the helm of the electronic watches market for the population to keep a constant track of time.
Electronic Watches Market Share and Competition
Key companies operating in this industry are: Casio, SEIKO, XONIX, SWEDA, PASNEW, TIME100, SUUNTO, Rossini and BERNY.
Electronic Watches Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Digital Quartz Watch
• Analog Quartz Electronic Watch
• Automatic Quartz Watch
• Solar Electronic Watch
• Multi-Functional Electronic Watch
Application Analysis (Revenue, USD Million, 2020 - 2027)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Electronic Watches Market Companies
United States Electronic Watches Market Research Report
Europe Electronic Watches Market Research Report
Asia Pacific Electronic Watches Market Research Report
India Electronic Watches Market Research Report