What percentage of people own smart watches? (2024)

What percentage of people own smart watches?

For example, the latest data from GWI shows that roughly 3 in 10 working-age internet users now own some form of “smart wrist” device like a smartwatch or a fitness tracker.

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What percentage of people have a smartwatch?

The smartwatch penetration rate is 2.69% globally as of 2023.

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How many people own a wearable device?

Between 2019 and 2022, the number of connected wearable devices worlwide increased substantially. In 2022, this number reached around 1.1 billion, up from 929 million recorded one year before.

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(Watchcastage)

What percentage of Americans have a smartwatch?

A Pew Research study10 found 21% of Americans use smartwatches or wearable fitness trackers. Use was greater for those with a higher annual household income and those identifying as white and/or non-Hispanic.

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Are smart watches still popular?

Smartwatches are one of the most popular wearables categories globally and are expected to generate revenues of around 45 billion U.S. dollars by 2023, with shipments of more than 300 million units in the same year.

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How many people own a wearable in the US?

722 million was the number of connected wearable medical devices in 2019. This number more than doubled from 325 million in 2016 and is projected to grow to more than 1 billion post-2022. 533.6 million devices were shipped in 2021.

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(Consumer Reports)

Are smart watches declining?

Smartwatch shipments worldwide declined 1.5% year over year in Q1 2023, according to Counterpoint Research's Global Smartwatch Model Tracker, following an 8% YoY decline in Q4 2022. For the first time in three years, Apple's Q1 smartwatch shipments dipped below 10 million units, reflecting a 20% drop YoY.

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What percentage of people have wearables?

More people are using smart health and fitness trackers

GWI's data shows that 14.4 percent of working-age internet users now own one of these wearables, but that skews to 14.8 percent amongst women, compared with 14.1 percent for men.

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How popular is wearable technology?

Despite the downturn, overall shipments of 492.1 million units in 2022 were well above 2020 and 2019 levels. Every geographic region except Asia/Pacific (excluding Japan and China) (APeJC) and the Middle East and Africa (MEA) experienced a year-over-year decline in wearable shipments for the full year 2022.

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What is the most popular wearable technology currently?

Apple Watch and AirPods are most popular among consumers

Indeed, Apple's wearable device shipments amounted to about 146 million units in 2022. With a strong presence in the health and fitness wearables market, Fitbit had been a leader in the wearable industry until 2017.

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Who is the target audience for smartwatches?

The younger generation is expected to be a highly lucrative target market for smartwatch manufacturers throughout the forecast period. Young people are more aware of their health and fitness than ever before and their increasing standards of living are expected to make them favorites for top smartwatch brands.

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Who dominates the smartwatch market?

Today, Apple dominates the global market share of smartwatches, taking the largest share of 43% among smartwatch vendors. The leading companies continue to improve their wearable devices with different operating systems, gaining a competitive edge in the market.

What percentage of people own smart watches? (2024)

What percentage of people wear watches everyday?

One In Ten Brush Their Teeth, Eat Breakfast and Put on A Watch. We found that around 10% just wear watches every day because it's part of their everyday look. Some people (Including ourselves) don't feel comfortable without a watch.

Why is everyone wearing smart watches?

Smartwatches incorporate many of the useful features of smartphones and wear them on your wrist. You can use it to receive notifications, make and receive calls, and access various apps. They often come with sophisticated fitness trackers that can analyze every move, and some apps can be very useful.

Are smartwatches worth having?

Yes. Staying connected to your phone and being able to do things like check your email or text messages without having to pull out your phone, or answer a call, make a call, or even check your health vitals then a smartwatch is worth considering.

How many smart watches are sold in the US?

Whereas in 2019, around 20.1 million smartwatches are being sold in the United States.

How many people own Fitbits?

In 2020, the global number of Fitbit devices sold was approximately 16.20 million. This statistic is a testament to the immense popularity of Fitbit devices. It shows that millions of people around the world have embraced the technology and are using it to track their fitness and health.

How many people in the US have a Fitbit?

Fitbit users

Fitbit had 31 million active users in 2020, an increase of 4% on the previous year.

What is the life expectancy of smartwatch?

You may well get two to five years of use out of a smartwatch, or even more, depending on the manufacturer and model. But, ultimately, longevity needs to be evaluated on a case-by-case basis.

Why did smart watches fail?

Smartwatches failed to meet expectations and penetrate the mainstream consumer market for a variety of reasons. The top reason is that they are either too bulky and expensive or they're too limited in functionality to justify purchase and use by all but the most dedicated gadget enthusiast.

Are smartwatches replacing watches?

It's easy to see why, when smartwatches first came around, people believed that they would replace traditional watches. Fortunately, we no longer have to speculate as we have sufficient data to say that the answer is no.

What is the current wearables market?

The wearable technology market size is projected to reach USD 265.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 18.0% during the forecast period. It was observed that the growth rate was 41.51% from 2021 to 2022. Consumer Electronics is expected to grow at a highest CAGR of 39.12%.

How big is the wearable device market?

Market Synopsis

The global wearable technology market size was USD 61.30 Billion in 2022 and is expected to register a rapid revenue CAGR of 14.4% during the forecast period.

What is the future of wearables?

320 million health wearable devices will be shipped worldwide in 2022. By 2024, it will reach around 440 million. Wearable technologies are expected to reduce 16% of hospital costs by 2027, and by 2037, it could save $200 billion with its remote patient monitoring devices.

How big is the smartwatch market?

The global smartwatch market size was USD 18.62 billion in 2020 and is projected to grow from USD 22.02 billion in 2021 to USD 58.21 billion by 2028, with a CAGR of 14.9% in the 2021-2028 period.

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