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.

More and more folks are seeing sports and wellness as purely fun, off-the-clock activities. Plus, with those super intense games out there, fans can now track all sorts of stats right on their wrists, which has really given the electronic watch market a boost. People are also itching to travel, looking for cool, new experiences and the latest tech, so the electronic watch market is expected to explode. But, let's be real, these watches can be pricey, and the battery life and power consumption issues are definitely slowing things down.

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

When we look at the Global Electronic Watches Market based on Geography, we can break it down into regions like North America, Europe, Asia Pacific, Latin America, and the Rest of the World. It looks like the rise in popularity and affordability of some great watch brands is really fueling the electronic watch market. People everywhere are enjoying new tech advancements in their timepieces!

The Asia Pacific region is set to be a major player, probably because so many luxury watch manufacturers are investing and battling it out there. Over in North America, the market is expected to see steady growth, with big names like Rolex, Omega, and Channel already making waves.

Europe is also seeing a boost thanks to all the cool new product innovations and because more people are getting health-conscious and want watches that can monitor their well-being. And finally, in the Middle East, the growing workforce is driving demand for electronic watches, as people need a reliable way 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

We dig deep into the market, using both numbers and real-world observations to understand different groups of customers. You'll get clear market value (USD Billion) figures for every segment and sub-segment, plus we'll point out which regions and groups are likely to grow fastest and be the biggest. We'll break down each region, showing where the product/service is used most and what's influencing the market there. Check out our competitive landscape, showing who's on top, plus recent launches, partnerships, and acquisitions. You'll also find detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the key players. Get a feel for where the market is headed, with info on growth opportunities, drivers, and challenges in both new and established areas. We'll even explore the market from every angle with Porter's five forces analysis, giving you a clear look through the Value Chain. See where the market's going with an outlook that includes growth opportunities down the road. And don't forget – you get 6 months of analyst support after your purchase.

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