• Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
Wednesday, July 16, 2025
  • Login
  • Register
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Your text
Apple iWatch, one of the new range of smartwatch

Global smartwatch market to reach $29.6b by 2020 amid Chinese trend

Technology Times StaffbyTechnology Times Staff
06/04/2015
in Consumer Technology, News
Reading Time: 3 mins read
1 0
A A
0
ADVERTISEMENT
The entry of Chinese electronics manufacturers in smartwatch market is expected to result in mass production of smartwatches helping low-end smartwatches segment to grow, in one of the key trends that will drive global market into the $29.6 billion region by 2020, according to a new report.
The global smartwatch market was valued at $ 701.2 Mn in 2013 and is estimated to grow at a CAGR of 53.6% during the forecast period from 2014 to 2020.
Rise in smartphone and internet penetration along with the changing technological preferences of young population has emerged as the most significant growth driver for the global smartwatch market. In 2013, North America was the largest market for smartwatch with a share of 34.5% in terms of revenue due to the growing awareness towards health and early adoption of new products and technology.[blockquote right=”pull-right”]”Most of the smartwatch manufacturers have their offerings in this price range and the trend to use smartwatch as a companion device is enabling the growth of mid-end smartwatches segment. However, as the use of smartwatch is diverging from just a companion device to fitness tracking device, high-end smartwatches segment is expected to witness strong growth in the next few years.“[/blockquote]
Android smartphones
Android smartphones
Mid-end smartwatches was the largest segment in terms of revenue in 2013 and accounted for around 44% share of the total smartwatch market. Most of the smartwatch manufacturers have their offerings in this price range and the trend to use smartwatch as a companion device is enabling the growth of mid-end smartwatches segment. However, as the use of smartwatch is diverging from just a companion device to fitness tracking device, high-end smartwatches segment is expected to witness strong growth in the next few years.
High-end smartwatches segment accounted for around 17% share of the total smartwatch market in 2013. Moreover, companies such as Apple Inc., Samsung Electronics Inc., and Pebble Technology Corporation are focusing on the development and launch of their high-end smartwatches resulting in strong growth of this segment. In 2013, low-end smartwatches segment accounted for around 39% share of the total smartwatch market. However, entrance of Chinese electronics manufacturers in smartwatch market is expected to result in mass production of smartwatches helping low-end smartwatches segment to grow.
Based on the operating systems used, the global smartwatches market is segmented into Android Wear, Watch OS (iOS), and others. Other operating systems used in smartwatches include Tizen OS, Pebble OS, Linklt OS among others. Since the smartwatch running on Android Wear OS were commercialized in 2014, other OS segment comprising Tizen OS, Pebble OS, Linklt OS, etc. was the major contributor to the global smartwatch market in 2013.
However, in 2014, Google Inc. launched Android Wear OS focusing on wearable devices. Furthermore, the market is witnessing growing demand for Android Wear based smartwatches due to high number of available applications and continuous up-gradation support from Google Inc. Android Wear OS segment is anticipated to show highest growth rate over the forecast period from 2014 to 2020, growing at a CAGR of 57.9% during the period from 2014 to 2020. Moreover, there are high numbers of Android OS based smartphones present in the market, which is expected to help Android Wear OS based smartwatches segment.
Key players in the global smartwatch market include Pebble Technology Corporation, Samsung Electronics Co. Ltd., Apple Inc., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd., and Qualcomm Incorporated. The market is witnessing entry of smartphone manufacturers such as Apple Inc., Samsung Electronics Inc., and Sony Corporation into smartwatch market. Furthermore, the market is anticipated to witness entrance of Chinese electronics manufacturers which would intensify the competition among market players in near future.

Related Articles

Apple’s iconic designer, OpenAI partner in ₦10.04 trillion bid to redefine AI

Survey: 72% of adults lack smartphones, leaving majority of Nigerians offline

Apple blocks $2 billion in fraudulent App Store transactions in 2024

Nigeria’s smartphone market contracts amid economic pressures

Minister flags poor internet connectivity in Unity Schools

In photos: The ₦799,800 vivo V50 smartphone

Apple unveils accessibility tools for people living with disabilities

Minister: Nigeria tapping local tech to fuel economic growth

Experts want Nigeria to enshrine internet access as a right, reform outdated telecoms law

Gemini Live debuts on Samsung Galaxy S25, promising real-time AI that ‘sees and speaks’

Tags: AndroidAndroid OSappAppleApple IncdeviceselectronicsGoogleinternetInternet penetrationiOSMarket ResearchOperaPhonesSamsungSmartphonesmartphonesSmartwatchesSmartwatches MarketTDtechnologyTransparency Market Research
Share19Tweet12Share3SendShare
Technology Times Staff

Technology Times Staff

News and Reports from Technology Times Newsroom. Call/SMS/WhatsApp: +234 815 7000 100

Related Articles

openai-apples-iconic-designer-in-ai-partnership
News

Apple’s iconic designer, OpenAI partner in ₦10.04 trillion bid to redefine AI

byIretomiwa Balogun
17/06/2025
survey-72-of-nigerian-adults-lack-smartphones
News

Survey: 72% of adults lack smartphones, leaving majority of Nigerians offline

byFejiro Awowede
29/05/2025
Apple blocks $2 billion in fraudulent App Store transactions in 2024
Consumer Technology

Apple blocks $2 billion in fraudulent App Store transactions in 2024

byFejiro Awowede
28/05/2025
nigeria-smartphone-market-contracts-amid-economy
News

Nigeria’s smartphone market contracts amid economic pressures

byFejiro Awowede
27/05/2025
fg-flags-poor-internet-access-in-unity-schools
News

Minister flags poor internet connectivity in Unity Schools

byOladapo Riliwan
20/05/2025
in-photos-the-₦799800-vivo-v50-smartphone
Consumer Technology

In photos: The ₦799,800 vivo V50 smartphone

byFejiro Awowede
19/05/2025
Apple unveils accessibility tools for people living with disabilities
Consumer Technology

Apple unveils accessibility tools for people living with disabilities

byFejiro Awowede
14/05/2025
minister-nigeria-taps-local-tech-to-fuel-growth
News

Minister: Nigeria tapping local tech to fuel economic growth

byIretomiwa Balogun
12/05/2025
experts-ask-nigeria-for-internet-access-right
News

Experts want Nigeria to enshrine internet access as a right, reform outdated telecoms law

byFejiro Awowede
01/05/2025
samsung-galaxy-s25-debuts-gemini-live
Consumer Technology

Gemini Live debuts on Samsung Galaxy S25, promising real-time AI that ‘sees and speaks’

byOladapo Riliwan
09/04/2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

15 − 11 =

UBA Ad UBA Ad UBA Ad
ADVERTISEMENT
Access Bank Access Bank Access Bank
ADVERTISEMENT
First Bank AD First Bank AD First Bank AD
ADVERTISEMENT
ADVERTISEMENT

Latest Articles

nigeria-immigration-begins-digital-cerpac-aug-1

Nigeria Immigration begins digital CERPAC rollout August 1

16/07/2025
mtn-mtv-base-fight-online-abuse-of-africa-youth

MTN, MTV Base team up against online abuse of African youth

16/07/2025
Samsung unfolds Galaxy Z Fold7: ‘Slimmest, lightest foldable yet’

Samsung unfolds Galaxy Z Fold7: ‘Slimmest, lightest foldable yet’

16/07/2025
paradigm-initiative-pushes-gamified-digital-rights

Paradigm Initiative targets 20 million students with gamified digital rights

16/07/2025
sec-flags-scam-by-forsman-&-bodenfors-impersonator

SEC warns Nigerians against ponzi scheme masquerading as Swedish AD agency Forsman & Bodenfors

16/07/2025
CrownCrystal Technologies CrownCrystal Technologies CrownCrystal Technologies
ADVERTISEMENT
ADVERTISEMENT

POPULAR ARTICLES

  • sec-flags-scam-by-forsman-&-bodenfors-impersonator

    SEC warns Nigerians against ponzi scheme masquerading as Swedish AD agency Forsman & Bodenfors

    52 shares
    Share 21 Tweet 13
  • FG signals inclusive review of Nigeria’s Cybercrime Act

    72 shares
    Share 29 Tweet 18
  • Why the Xiaomi 13T smartphone remains a contender among flagship

    94 shares
    Share 38 Tweet 24
  • Nine Nigerians sentenced for internet fraud, EFCC says 

    75 shares
    Share 30 Tweet 19
  • Operation Red Card: Nigeria leads continental crackdown on cybercrime syndicates

    79 shares
    Share 32 Tweet 20
  • FG suspends MultiChoice’s price hike in Nigeria

    97 shares
    Share 39 Tweet 24
  • B’Odogwu: Nigeria Customs hits ₦6.1 trillion revenue record with local digital platform

    142 shares
    Share 57 Tweet 36
  • Remita, Nigeria’s payment powerhouse, eyes Pan-African expansion, crosses ₦60 trillion mark

    115 shares
    Share 46 Tweet 29
  • Increased risk of fraud during times of economic uncertainty

    77 shares
    Share 31 Tweet 19
  • GSMA: AI, 5G to pump $18 trillion into world economy by 2035

    77 shares
    Share 31 Tweet 19

Latest Videos

  • TT TV
teniola-advocates-dynamic-billing-for-nigerians

Teniola advocates dynamic billing to protect Nigerian consumers | Technology Times Policy eXchange

14/04/2025
watch-mtn-nigeria-board-lawsuit-interview

#Watch: MTN Nigeria’s board is filled with ex-regulators—is this a conflict of interest?

24/03/2025
engr-banjo-on-local-content-in-nigeris-telecoms

Watch: Engr. Banjo on local content in Nigeria’s telecoms market

23/03/2025
#Watch: Technology Times Thought Leadership Series #Live

#Watch: Technology Times Thought Leadership Series #Live

20/03/2025
#Watch Technology Times TV #Live

#Watch Technology Times TV #Live

20/03/2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn RSS

ABOUT TECHNOLOGY TIMES

technology-times-logo

Nigeria Technology Media Group

Founded in 2004, Technology Times’ trusted technology news, market intelligence, views and business services reach readers and partners across Nigeria, Africa and beyond.

Advertising

Sign up for TT eNews

Get in touch here

CONTACT US

Phone: +234 (0) 1 454 1818
WhatsApp: +234 (0) 815 700 0100
Email: info@technologytimes.ng
Web: www.technologytimes.ng

LEGAL & COMPLIANCE

technology-times-logoHome

TT Privacy Policy

TT Terms & Conditions

TT Website Disclaimer

TT Guest Post Guidelines

TT Sitemap

VOffice

TOP STORIES

  • sec-flags-scam-by-forsman-&-bodenfors-impersonator

    SEC warns Nigerians against ponzi scheme masquerading as Swedish AD agency Forsman & Bodenfors

    52 shares
    Share 21 Tweet 13
  • FG signals inclusive review of Nigeria’s Cybercrime Act

    72 shares
    Share 29 Tweet 18
  • Why the Xiaomi 13T smartphone remains a contender among flagship

    94 shares
    Share 38 Tweet 24
  • Nine Nigerians sentenced for internet fraud, EFCC says 

    75 shares
    Share 30 Tweet 19

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
  • Login
  • Sign Up

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy Page.