Market Size of Global Digital Watch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 13.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Digital Watch Market Analysis
Global Digital Watch Market is projected to register a CAGR of 13.20% during the forecast period, 2022-2027.
Digital watches are more common among young consumers, as they are aware of the mobile and smartphone technology. However, the demand for smart watches and sport watches are gaining prominence especially in developing countries like India, Brazil, South Africa, etc due to the innovative and multiple functionalities coming up in the market.
Consumers are more aware about their health; thus, they prefer spending on health monitoring gadgets such as smartwatches, which can be used for health management and sleep monitoring. Moreover, healthy lifestyle adoption and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various smarts wearables, thereby, accelerating the smartwatch sales. The digital watches also include features, such as built-in triple sensor technology that measures temperature, atmospheric pressure, and is even characterized with alarms and stopwatches.
