Global Smartwatch Battery Market is valued at approximately USD 410 million in 2021 and is anticipated to grow with a healthy growth rate of more than 23.8% over the forecast period 2022-2029. A battery is a collection of electrochemical cells made up of the cathode, anode, and electrolyte, which are the three basic building blocks. When the battery's cathode and anode are connected to an outside source, allowing electrons to move through the circuit, a chemical reaction takes place in the cell. A smartwatch is a touchscreen digital watch with a number of additional features beyond timekeeping due to the widespread use of lithium-ion (Li-Ion) batteries by most manufacturers. Lithium-ion rechargeable batteries ensure long battery life by allowing for numerous charge-discharge cycles without experiencing a memory effect. The advanced features of smartwatches, growing demand for portable electronic devices, rising awareness regarding fitness, along with the increasing tech-savvy population are the most prominent factors fostering market demand across the world.
The high adoption of smartwatches is directly associated with the utilization of smartwatch batteries, which, in turn, augment the market growth during the estimated years. According to Statista, in 2021, the total shipment of smartwatches and fitness trackers accounted for 190 million, which is expected to reach 280 million by the year 2024. As a result, surge in demand for smartwatches and increasing awareness regarding fitness are excelling the market expansion globally. Moreover, rising investment in the development of advanced technology, as well as the growth of the consumer electronics industry is presenting various lucrative opportunities over the forecasting years. However, the availability of smartwatch alternatives and several technical glitches in smartwatches are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Smartwatch Battery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing number of smartwatch vendors, growth of the consumer electronics industry along with the rising popularity of health and fitness. Whereas, North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the surging demand for smartwatches, as well as heavy expenditure on technology products in the market space.
Major market players included in this report are:
- Grepow Battery
- EVE Energy Co., Ltd
- Samsung SDI Co., Ltd.
- Renata Battery
- Tianjin Lishen Battery Joint-Stock Co., Ltd.
- BENZO Energy Technology Co., Ltd.
- Dongguan Perfect Amperex Technology
- Enovix
- Guangzhou Fullriver Battery New Technology Co Ltd.
- Shenzhen Topway New Energy Co., Ltd
Recent Developments in the Market:
- In November 2021, Tianjin Lishen Battery Co. Ltd announced that the company signed an industrial project with the aim of establishing a new energy industrial base and the Lishen R&D centre project in Wuxi Xishan. This project in Dongguan has an estimated investment of USD 1.75 billion and a total land area of over 800 million square metres.
Global Smartwatch Battery Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Rated Voltage, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Rated Voltage:
By Application:
- iOS System Smartwatch
- Android System Smartwatch
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Smartwatch Battery Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Smartwatch Battery Market, by Rated Voltage, 2019-2029 (USD Million)
- 1.2.3. Smartwatch Battery Market, by Application, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Smartwatch Battery Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Smartwatch Battery Market Dynamics
- 3.1. Smartwatch Battery Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. High adoption of smartwatches
- 3.1.1.2. Rising awareness regarding fitness
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of smartwatch alternatives
- 3.1.2.2. Several technical glitches in smartwatches
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising investment in the development of advanced technology
- 3.1.3.2. Growth of the consumer electronics industry
Chapter 4. Global Smartwatch Battery Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Smartwatch Battery Market, by Rated Voltage
- 6.1. Market Snapshot
- 6.2. Global Smartwatch Battery Market by Rated Voltage, Performance - Potential Analysis
- 6.3. Global Smartwatch Battery Market Estimates & Forecasts by Rated Voltage 2019-2029 (USD Million)
- 6.4. Smartwatch Battery Market, Sub Segment Analysis
- 6.4.1. 3.7V
- 6.4.2. 4.2V
- 6.4.3. Others
Chapter 7. Global Smartwatch Battery Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Smartwatch Battery Market by Application, Performance - Potential Analysis
- 7.3. Global Smartwatch Battery Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 7.4. Smartwatch Battery Market, Sub Segment Analysis
- 7.4.1. iOS System Smartwatch
- 7.4.2. Android System Smartwatch
Chapter 8. Global Smartwatch Battery Market, Regional Analysis
- 8.1. Smartwatch Battery Market, Regional Market Snapshot
- 8.2. North America Smartwatch Battery Market
- 8.2.1. U.S. Smartwatch Battery Market
- 8.2.1.1. Rated Voltage breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Smartwatch Battery Market
- 8.3. Europe Smartwatch Battery Market Snapshot
- 8.3.1. U.K. Smartwatch Battery Market
- 8.3.2. Germany Smartwatch Battery Market
- 8.3.3. France Smartwatch Battery Market
- 8.3.4. Spain Smartwatch Battery Market
- 8.3.5. Italy Smartwatch Battery Market
- 8.3.6. Rest of Europe Smartwatch Battery Market
- 8.4. Asia-Pacific Smartwatch Battery Market Snapshot
- 8.4.1. China Smartwatch Battery Market
- 8.4.2. India Smartwatch Battery Market
- 8.4.3. Japan Smartwatch Battery Market
- 8.4.4. Australia Smartwatch Battery Market
- 8.4.5. South Korea Smartwatch Battery Market
- 8.4.6. Rest of Asia Pacific Smartwatch Battery Market
- 8.5. Latin America Smartwatch Battery Market Snapshot
- 8.5.1. Brazil Smartwatch Battery Market
- 8.5.2. Mexico Smartwatch Battery Market
- 8.5.3. Rest of Latin America Smartwatch Battery Market
- 8.6. Rest of The World Smartwatch Battery Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Grepow Battery
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. EVE Energy Co., Ltd
- 9.2.3. Samsung SDI Co., Ltd.
- 9.2.4. Renata Battery
- 9.2.5. Tianjin Lishen Battery Joint-Stock Co., Ltd.
- 9.2.6. BENZO Energy Technology Co., Ltd.
- 9.2.7. Dongguan Perfect Amperex Technology
- 9.2.8. Enovix
- 9.2.9. Guangzhou Fullriver Battery New Technology Co Ltd.
- 9.2.10. Shenzhen Topway New Energy Co., Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption