Kids Smartwatch Market Insights and Forecast to 2028

Kids Smartwatch Market Statistics 2028

Due to the COVID-19 pandemic, the global Kids Smartwatch market size is estimated to be worth US$ 1297.8 million in 2022 and is forecast to a readjusted size of US$ 3081.2 million by 2028 with a CAGR of 15.5% during the review period. Key drivers of the kids smartwatch market include increasing usage of smartphones and rising internet penetration. 

Also, the increase in awareness of health among consumers, the need for tracking the health of kids by parents, growing technological advancements in the wearables industry, and the need for ensuring the safety of kids are also driving the market growth. Other factors contributing to the growth of the kids smartwatch market are the growing need for connected devices, and connected ecosystems, the rapid expansion of wireless fitness and sports gadgets among consumers. Moreover, significant investments by manufacturers in research and development initiatives for creating new product innovations are also driving the growth of the market during the forecast period.

Trends Influencing The Global Kids Smartwatch Market

Universal features and innovative products 

The latest variants of smartwatches can perform a wide variety of functions including but not limited to the running of mobile apps, Bluetooth connectivity options, advanced GPS tracking, mobile operating system, digital audio, video, fitness, and movement tracking thereby ensuring safety. Also, growing health awareness among consumers both for themselves and their kids is driving the demand for these smartwatches. Further to ensure the safety of their kids' parents are increasingly investing in these smartwatches to keep track of their child’s movement. Thus growing health awareness and a top priority for ensuring their kid’s safety, consumers are increasingly buying smartwatches thereby driving the growth of the kids smartwatch market during the forecast period.

Rapid penetration of connected devices and increasing usage of smartphones 

The increasing desire for connected devices and an ever-evolving connected ecosystem, the rapid rise of the internet, and the growing usage of smartphones are fueling the demand for the kids smartwatch market. Further doctors can now track their patients’ health status beforehand by using the data collected by the smartwatches. Thus, rapid penetration of connected devices, growing desire for a connected ecosystem, additional usage in the healthcare industry, will significantly boost the growth of the kids' smartwatch market during the forecast period.

Rapid technological advancements and growing display industry

Key manufacturers in the wearables industry are mixing design and technological features for improving user experience. Due to rapid growth in the display industry a wide range of display technologies are now available which offer smartwatches with high-resolution displays and effective touch feature enhancements. Thus the rapid expansion of technological advancements is fueling the growth of the kids smartwatch market globally. 

Growing income levels of consumers and increasing R&D initiatives

People want more luxury and premium products that aesthetically suit their lifestyles. Further growing disposable incomes and increasing research and development initiatives by manufacturers are spurring the growth of the kids smartwatch market during the forecast period. Easy tracking and notification alerts for their kids' entry and exit movement points are just some of the features driving consumers to buy smartwatches for their kids. Thus rising income levels, and growing R&D initiatives are the factors driving the growth of the market globally.

Kids Smartwatch Market Share Analysis

Global Kids Smartwatch key players include OKII, Abardeen, Teemo, etc. Global top three manufacturers hold a share about 25%. China is the largest market, with a share about 50%, followed by Europe and United States, both have a share about 30 percent. In terms of product, Functional Type is the largest segment, with a share about 60%. And in terms of application, the largest application is 6-14 Years Old Kids Smartwatch, followed by 0-6 Years Old.

Kids Smartwatch Market Segmentation

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Kids Smartwatch Market By Type

• Integrated Kid'S Smartwatch
• Standalone Kids' Smartwatch

Kids Smartwatch Market By Application

• Individual Use
• School
• Kids Training Organization

Kids Smartwatch Market Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and South Korea. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Kids Smartwatch Market By Companies

• Doki Technologies
• LG Electronics
• VTech Holdings
• Huawei Technologies
• KGPS
• Omate
• Pebble
• Precise Innovation
• Tencent
• Tinitell
• Xiaomi Global Community

Kids Smartwatch Market Competitive Landscape

The analysts have provided a comprehensive analysis of the competitive landscape of the global Kids' Smartwatch market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.