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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
The smartwatch seems to be a small portable gadget that is carried on the wrists. They have resistive touch screens, applications, and frequently monitor the pulse rate and some other important indications, much like mobile phones.
In contrast, explorers' toolkits frequently include specialised timepieces for outdoor activities to augment other, larger equipment. Simultaneously, developments in silicon shrinking paved the way for new types of smartwatches with specific functions.
Smartwatches such as the Fenix, for instance, are much more durable and customised with sensors and trackers to enable back-country trips, according to Garmin.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | OnePlus is reportedly planning to launch a budget smartwatch in India | In the next months, OnePlus might release a Nord smartwatch. | Global | This would enhance better Technological Controls |
| 2 | Play Launches Two New âMade In Indiaâ Smartwatches âPlayfit Slim And Playfit Strengthâ | Full touch panel, weather and dustproof, several sports modes, heart beat plus activity tracker are all included in both smartwatches versions. | Global | This would enhance better Technological Controls |
| 3 | Skagen Falster Gen 6 smartwatch is now available in India | In India, Fossil has released the Skagen Falster 6 smartwatch. | Global | This would enhance better Technological Controls |
| 4 | Redmi Watch 2 Lite Launching In India | The Redmi Watch 2 Lite, which will be released later this year, will be the company's second wristwatch in the nation. | Global | This would enhance better Technological Controls |
| 5 | Noise launches new smartwatch in India | In the Indian market, ColorFit Pulse Grand, a new wristwatch featuring a Sp02 monitor, 150 watch faces, IP68 rating, and other features, was launched. | Global | This would enhance better Technological Controls |
The India Smartwatch Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
Rising healthcare consciousness, low costs, newcomers, discounted programmes, and several introductions of functionality devices year-round are all contributing to the smartwatches industry's explosive rise. Wearable device firms are investing extensively in R&D, driven by advancements.
Top players like Samsung, Pebble, Maritime, and Sony are relying on their R&D expenditures as a top priority in order to grow their market dominance.
Garmin Inc. is a leading mobiliser of the various explorer oriented and fitness-oriented smartwatch requirements in the market.
The Felix Solar has been one of its latest integrations, wherein The Energy Sapphire screen mixes top-grade sapphire crystals alongside revolutionary high-transparency photovoltaic arrays to provide abrasion resistance and outstanding anti-glare functionality for such surroundings.
The thin border layout intelligently extends the optical absorption area, ensuring optimal effectiveness in the conversion of solar energy to energy. In Maximum Batteries GPS mode, the built-in Power Management technology lets users to get up to 578 hours on a single charge and 122 hrs in GPS alone function.
Xiaomi is part of the component manufacture trending companies in the current industry. The latest Mi Lite modular has been in the market, wherein the wristwatch can properly measure your direction, pace, duration, as well as calories burned thanks to GPS+GLONASS location and various smart sensors.
It can also track variations in heart rate, giving users a comprehensive picture of overall workout progress. It also has a PPG sensor, which allows the watch to correctly measure actual heart rate 24/7 each day and alert you when it rises over typical limits.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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