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Smartwatch Market to Grow by USD 46.3 Billion (2025-2029), Technological Advances in Semiconductor Industry Boosting the Market, with AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global smartwatch market size is estimated to grow by USD 46.3 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 15.5% during the forecast period. Technological advances in semiconductor industry is driving market growth, with a trend towards increasing number of patent filings by smartwatch manufacturers. However, increasing data security and privacy concerns poses a challenge. Key market players include Amazfit, Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., Google LLC, HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Kate Spade, LG Corp., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Suunto Oy, Tata Sons Pvt. Ltd., Timex Group, Withings, and Xiaomi Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Smartwatch Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 15.5%

Market growth 2025-2029

USD 46.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.6

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Canada, Japan, Brazil, UK, Germany, France, Italy, and Spain

Key companies profiled

Amazfit, Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., Google LLC, HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Kate Spade, LG Corp., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Suunto Oy, Tata Sons Pvt. Ltd., Timex Group, Withings, and Xiaomi Inc.

Market Driver

The Smartwatch Market is experiencing significant growth with increasing shipment volumes, driven by urbanization and the millennial population’s preference for wearable technology. Gear Smartwatches and health consciousness are key trends in this sector. Companies like Boat and Xtend are making strides with their Sport smartwatches in the Fitness industry. The Global market is witnessing upgrades with health monitoring features such as Blood oxygen (SpO2) sensors, Stress monitors, and Electrocardiograms (ECG sensors). Price bands vary from basic LCDs to high-end OLED-based smartwatches. Supply chain disruptions have affected some brands, but demand remains strong. Health monitoring smartwatches are popular among older people for real-time health status and fall detection. Businesses like L’Oreal are exploring skin sensors for future applications. The market report covers display technology, operating systems, interfaces, and more. Smartwatches offer features like phone calls, weather reports, music, text messages, digital assistant, and low power consumption. Some models have advanced health monitoring features such as sleep apnea detection, EKG monitor, and glucose monitoring for diabetes patients. 

The smartwatch market is witnessing a significant trend with an increasing number of patent applications being filed. Patents provide exclusive rights for a set period, enabling vendors to prevent others from manufacturing, using, or selling similar inventions. Major players are focusing on obtaining patents for displays, cameras, sensors, and related technologies to incorporate advanced features into next-generation smartwatches. This strategic move allows vendors to differentiate themselves in the competitive global market and gain a competitive edge. 

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Market Challenges

The Smartwatch Market is experiencing significant growth with increasing shipment volumes, driven by urbanization and the millennial population’s preference for wearable technology. Gear Smartwatches and health consciousness are key trends, with the Fitness Industry and Health Monitoring Features becoming essential selling points. Boat and Xtend Sport smartwatches lead the market, offering Fitness Tracking and Calorie Counters. The Global Smartwatch Market faces challenges such as Supply Chain Disruptions and Price Bands. OLED-based smartwatches like the Forerunner 945 LTE are upgrading with advanced Health Monitoring Features, including Blood Oxygen and SpO2 Sensors, Stress Monitors, Electrocardiograms, and Fall Detection. Wearable Computing Devices, like Wristwatches, are now Bluetooth-capable, enabling Phone Calls, Weather Reports, Music, Text Messages, and Digital Assistant access. Older people also benefit from Real-time Health Status monitoring, with Fall Detection apps and EKG Monitors addressing specific health concerns, such as Sleep Apnea, Diabetes, and Glucose Monitoring. Businesses like L’Oreal and Skin Sensors are exploring opportunities in this market. Low Power Consumption and High Image Quality are crucial factors, making Wearable Devices a must-have for both personal and professional use.Smartwatches, popular for their convenience and advanced features, have gained significant market traction. However, concerns regarding data security and privacy have emerged due to the devices’ motion sensors, making them susceptible to hacking. These gadgets store and access vast amounts of sensitive data in real-time, including personal information, health data, messages, calls, maps, and financial details. The risk of data breaches is substantial, as hackers can decode this data using wireless interceptors without the user’s knowledge. In response, regulatory bodies are taking action. For instance, Europe’s General Data Protection Regulation mandates secure processing of personal data using appropriate technical and organizational measures. These measures aim to mitigate potential risks and safeguard user privacy.

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Segment Overview

This smartwatch market report extensively covers market segmentation by

Type 1.1 Integrated1.2 StandaloneOS 2.1 Android wear2.2 Apple watch OS2.3 Fitbit OS2.4 Tizen OSGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Integrated- Smartwatches with integrated capabilities have gained popularity due to their ability to connect with other computing devices, such as smartphones, via Bluetooth or WiFi technology. This connection enables users to access various smart features, including internet access, messaging, social media notifications, weather updates, and music playback. The market for integrated smartwatches is projected to expand due to the increasing penetration of affordable smartwatches in emerging markets and the entry of traditional watch manufacturers. Companies like Huawei, Xiaomi, and Zepp Health are offering advanced features at reasonable prices, attracting millennials in countries such as India, Brazil, and China. CASIO and Fossil are among the analog and digital watch manufacturers offering integrated smartwatches. The integrated segment is expected to remain the dominant market segment due to its focus on health and fitness features, with several traditional watch manufacturers expected to join during the forecast period.

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Research Analysis

The Smartwatch Market is experiencing significant growth due to the increasing urbanization and the rising demand from millennials for wearable technology. The shipment volume of smartwatches is projected to reach new heights as people become more health-conscious and the fitness industry integrates these devices into their offerings. Fitness tracking and health monitoring features are driving the demand for smartwatches, with advanced technologies such as SpO2 sensors, electrocardiograms, and heart health monitoring becoming increasingly popular. OLED-based smartwatches offer real-time health status updates, including blood oxygen saturation levels and native sleep tracking. Fall detection and diabetes management with glucose monitoring are also gaining traction in the market. Overall, health monitoring smartwatches are revolutionizing the way we manage our health and wellness.

Market Research Overview

The Smartwatch Market is experiencing significant growth, driven by increasing urbanization and the adoption of wearable technology among millennials. The shipment volume of these devices is on the rise, with health consciousness being a major factor. Gear smartwatches, Boat, Xtend Sport smartwatch, and other brands are leading the charge in this sector. The fitness industry is also embracing smartwatches for fitness tracking and health monitoring features, including blood oxygen (SpO2) sensors, stress monitors, and electrocardiograms (ECG). Upgraded smartwatches offer calorie counters, fall detection, native sleep tracking, heart health monitoring, and more. Wearable computing devices, once considered luxury wristwatches, now serve as essential health monitoring tools. Older people and those with specific health conditions, such as sleep apnea, diabetes, and heart issues, also benefit from real-time health status updates. The market report covers supply chain disruptions, price bands, display technology, operating systems, interfaces (UI), and the latest trends in OLED-based smartwatches and LCDs. Smartwatches can now make phone calls, receive weather reports, play music, and send text messages, all wirelessly via Bluetooth or a wireless Bluetooth adaptor. Additionally, digital assistants, low power consumption, and high image quality add to their appeal.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeIntegratedStandaloneOSAndroid WearApple Watch OSFitbit OSTizen OSGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Midea Introduces the Easy to Install Over-the-Range Microwave: A Game-Changing Innovation for Your Kitchen

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LAS VEGAS, Feb. 25, 2025 /PRNewswire/ — Midea, a global leader in home appliances, is proud to unveil its innovative Easy to Install Over-the-Range Microwave at the 2025 Kitchen and Bath Industry Show (KBIS). This cutting-edge appliance combines advanced microwave technology with a user-friendly design that simplifies the installation process, offering a revolutionary way to upgrade your kitchen without the need for professional help.

Designed with homeowners in mind, particularly those who value convenience, ease of installation, and advanced technology in their kitchen appliances, the Midea Easy to Install Over-the-Range Microwave features a unique push and snap” installation mechanism that makes setting up the microwave easier than ever. This innovative system eliminates the need for expensive installation services, making it an accessible and cost-effective solution. Whether youre renovating your kitchen or replacing an older microwave, the Midea Easy to Install model provides a seamless experience from start to finish.

Innovative Push and Snap” Installation for Easy Setup

One of the standout features of the Midea Easy to Install Over-the-Range Microwave is its push and snap” design, which enables effortless installation by a single person. This simple yet groundbreaking design eliminates the need for a professional installer, saving both time and money. The microwave can be installed quickly and easily by following simple, intuitive instructions, making it a perfect solution for anyone who wants to avoid the hassle of booking an installer.

This unique mechanism not only simplifies the installation process, but also ensures a secure and stable installation. The innovative design is engineered to keep the microwave firmly in place, offering peace of mind that it will remain securely mounted without any concern about stability. Whether youre upgrading your current microwave or replacing an outdated model, the Midea Easy to Install Over-the-Range Microwave streamlines the entire process without compromising on reliability.

XpressWave Technology for Fast, Even Cooking

The Midea Easy to Install Over-the-Range Microwave is equipped with XpressWave technology, a feature designed to provide fast, even cooking results every time. The microwaves advanced cooking technology ensures that food is heated uniformly, providing consistent results without cold spots or overcooked areas.

With 1000W of power and 11 power levels, the microwave can easily accommodate a wide variety of foods, from reheating leftovers to defrosting frozen meats or preparing fresh meals. The XpressWave technology guarantees that your food is cooked quickly and evenly, saving you time while ensuring perfect results every time.

Generous 1.7 Cu. Ft. Capacity for Larger Meals

For families and individuals who need a microwave that can handle larger dishes, the Midea Easy to Install Over-the-Range Microwave offers a generous 1.7 cubic feet of cooking space. With ample room to accommodate large dinner plates, casserole dishes, and even oversized bowls, this microwave provides plenty of space for preparing meals, whether youre cooking for one or feeding the entire family.

The spacious interior also allows for easy placement of large containers or multiple dishes at once, making it perfect for busy households where speed and efficiency are essential. Whether reheating multiple plates of food or cooking a large meal, the Midea microwave offers the flexibility and capacity you need.

Powerful Ventilation System for a Cleaner Kitchen

The Midea Easy to Install Over-the-Range Microwave features a 300 CFM Hood Ventilation system that effectively eliminates steam, smoke, and odors from your kitchen while you cook. The microwave is equipped with a two-speed fan that adjusts to your cooking needs, helping to keep the air in your kitchen clean and fresh.

This powerful ventilation system is designed to be both efficient and quiet, ensuring that it can handle even the most intense cooking sessions without disrupting your kitchen environment. Whether youre simmering, sautéing, or frying, the microwaves ventilation system will quickly remove cooking fumes and ensure your kitchen stays comfortable and odor-free.

EZ Clean Diamondback Coating for Easy Maintenance

Cleaning up after cooking is often a tedious task, but the Midea Easy to Install Over-the-Range Microwave simplifies the process with its EZ Clean Diamondback Coating. This non-stick coating is designed to prevent grease, food residue, and spills from sticking to the microwaves interior, making it much easier to wipe clean after each use.

The Diamondback pattern inside the microwave helps distribute microwaves more evenly across the food, ensuring consistent heating and reducing hot spots. This advanced design not only improves cooking performance but also makes cleaning easier by preventing food residue from sticking.

A Smart Upgrade for Modern Kitchens

The Midea Easy to Install Over-the-Range Microwave is the ideal choice for anyone looking to upgrade their kitchen with an innovative, efficient, and stylish appliance. Whether youre replacing an outdated microwave or upgrading to a more modern model, this microwave is designed to meet the needs of todays fast-paced home cooks. Its combination of XpressWave technology, generous 1.7 cu. ft. capacity, and powerful ventilation system make it a must-have for any kitchen.

In addition, the microwaves sleek stainless steel finish adds a touch of modern elegance to your kitchen, ensuring that it blends seamlessly with your existing décor. Its compact design makes it the perfect fit for any space, while the easy-to-install feature ensures that you can have it up and running in no time.

Available in Summer 2025

The Midea Easy to Install Over-the-Range Microwave will be available for purchase in Summer 2025. With its innovative design, advanced features, and user-friendly installation process, the microwave is the perfect addition to any modern kitchen.

Midea continues to push the boundaries of home appliance innovation with products like the Easy to Install Over-the-Range Microwave, which seamlessly combines performance, convenience, and elegance.

Key Features:

Easy one-person installation with push and snap” design.XpressWave technology for fast, even cooking results.Generous 1.7 cu. ft. capacity to accommodate large dishes and containers.300 CFM Hood Ventilation system with adjustable two-speed fan.EZ Clean Diamondback Coating for effortless cleaning and maintenance.

About Midea Group

Midea Group is a global technology leader specializing in five key business areas: Smart Home, Industrial and Building Technologies, Robotics and Automation, Electro-Mechanical, and Digital Innovation. As one of over 10 brands within Midea Group’s smart home appliance business, Midea has established itself as a prominent force in the industry. Founded in 1968, Midea Group is ranked #277 on the 2024 Fortune Global 500 with 190,000+ employees worldwide.

Visit: www.midea-group.com 

For Media Inquiries:
Contact:
Lokman Zhou
lokman.zhou@midea.com
Jessie Wang
wangrong15@midea.com

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Walnut Coding and Tsinghua University Partner to Advance Youth Coding Education and Foster Future Science and Technology Innovation Talent

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BEIJING, Feb. 25, 2025 /PRNewswire/ — Walnut Coding (the “company”), a leading online coding education provider for young learners, and Tsinghua University’s Department of Computer Science and Technology have signed a cooperation agreement to enhance youth coding education. The partnership is designed to enhance the company’s curriculum quality and foster innovation, equipping students with the skills necessary to become future leaders in science and technology.

Through this partnership, the Department of Computer Science and Technology at Tsinghua University will collaborate with Walnut Coding to refine and elevate its curriculum design. This initiative will encompass planning, content development, and innovative teaching methodologies for Python and C++ courses, ensuring that students are not only equipped with theoretical knowledge but also empowered with practical application and problem-solving skills.

The newly developed curriculum places a strong emphasis on fostering problem-solving and bridging theory with practice. By leveraging Tsinghua University’s extensive expertise in computer science and Walnut Coding’s profound experience in youth programming education, this partnership enhances the scientific rigor, systematic structure, and practical applicability of coding courses. The program is aligned with industry standards and is tailored to meet the learning needs of students across different age groups.

Wang Yuhang, Co-founder of Walnut Coding, stated, “Walnut Coding has always been committed to enhancing education through technology. Our collaboration with Tsinghua will drive innovation in youth coding education and offer continuous support for technological progress. We believe this partnership will help cultivate future leaders in science and technology innovation.”

The partnership between Walnut Coding and Tsinghua University aligns with a new government outline aimed at enhancing education. The outline emphasizes the need to strengthen scientific education, foster innovation in primary and secondary schools, and establish a new framework for science and AI education. Through this collaboration, both parties will combine their resources and expertise to enhance youth coding education, refine curricula, and provide students with a more efficient and systematic learning experience, thereby promoting a comprehensive upgrade in youth coding education.

About the Department of Computer Science and Technology of Tsinghua University 

The Department of Computer Science and Technology of Tsinghua University was established in 1958. After more than 60 years, it has developed into a computer department with strong comprehensive teaching and scientific research strength and great influence in the field of computer science internationally, playing an important role in the development of China’s computer industry and even in the construction of the national economy.

About Walnut Coding

Walnut Coding is a leader in coding education in China. Founded in 2017, the Company offers differentiated, fun, and engaging coding learning courses for young learners, covering various subjects including Scratch, Python, and C++. Its courses feature adaptive software products with definitive learning objectives and interactive content for learners, as well as individualized guidance from full-time learning assistants throughout the learning process. As of February 2024, Walnut Coding had 7.2 million cumulative paying users.

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Party at Home with the year’s Biggest Award Shows on Toshiba TV

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HONG KONG, Feb. 25, 2025 /PRNewswire/ — From the renowned music celebration’s dazzling performances to the prestigious film event’s star-studded moments, these anticipated nights deserve a spectacular viewing experience. The Toshiba X9900 TV transforms your living room into the ultimate entertainment hub, making every gathering feel like the biggest party night at home.

The Ultimate Viewing Experience for Celebrations 
The Toshiba TV X9900 redefines visual entertainment with its REGZA Engine ZRi-powered OLED 4K technology. Optimizing image processing, it delivers cinematic precision with rich detail and accurate colors, turning every scene into a spectacle. From glamorous red-carpet arrivals to emotional acceptance speeches at the events, this TV brings the magic of Hollywood into your living room, creating the perfect centerpiece for award show watch parties with family and friends.

The Soundtrack to Your Party
This Toshiba TV elevates audio immersion with Multichannel Technology powered by REGZA Power Audio Extreme, delivering concert-quality surround sound that captures every breath and powerful note with stunning clarity. Each performance bursts to life with the deep, resonant Tru Bass Processor, offering dynamic acoustics that send goosebumps racing. Whether you’re soaking in the energy of a concert or cheering with a crowd, the X9900 TV puts you right in the action, making every moment unforgettable!

Smart Features for Effortless Hosting 
Simplify your entertainment experience with the intuitive Smart OS function of this TV. Featuring Hands-Free Voice Control, it allows you to switch channels and adjust volume effortlessly using simple voice commands—no need to put down your snacks or debate who should control the remote, keeping the fun uninterrupted.

For more information please visit: @Toshiba TV Global

About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.

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