Smartwatch Market Projected to Reach $164.7 Billion By 2032 | Allied Market Research

The global smartwatch market was valued at $42.7 billion in 2022, and is projected to reach $164.7 billion by 2032, growing at a CAGR of 14.5% from 2023 to 2032.

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A smartwatch stands as a sophisticated wearable, surpassing its traditional timekeeping roots to emerge as a multifaceted device seamlessly fusing technology into our routines. Blending the classic wristwatch attributes with advanced computing capabilities, these gadgets act as an extension of smartphones, offering a variety of features directly on the user's wrist through a standard touchscreen interface.