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34% of smartwatch users rely on it to increase their daily step count 56% of gen z and 46% of millennials use smartwatches to monitor heart rate and sleep How are smartwatches being used? Despite this growth, the market is expected to slow to 4.1% in 2025 as major markets like the us and india, along with key device categories such as smartwatches and.
Statista.com) based on smartwatch statistics, it is visible that the revenue of smartwatch is growing consistently. The global smartwatch market size was estimated at 39.1 billion in 2024 The market is expected to grow from 42.5 billion in 2025 to 92 billion in 2034, at a cagr of 9%. The smartwatch market is projected to grow from usd 64.46 billion in 2025 to usd 229.46 billion by 2033, with a cagr of 17.2% during the forecast period.
The report highlights that over 5000 companies, including many startups, are involved in the smartwatch market, which has expanded considerably in the last year. The global smartwatch market size was valued at $33.58 billion in 2024 & is projected to grow from $38.53 billion in 2025 to $105.20 billion by 2032
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