Global Kids Smartwatch Market By Product Type (Integrated and Standalone), By Compatibility (IOS, Android, and Others), By Application (Individual Use, School, Kids Training Organization, and Others), and By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Online Sales Channel), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Sep 2023
- Report ID: 59169
- Number of Pages: 204
- Format:
- keyboard_arrow_up
Quick Navigation
Report Overview
The Global Kids Smartwatch Market size is expected to be worth around USD 4,853.30 Million by 2032 from USD 1,296.30 Million in 2022, growing at a CAGR of 14.50% during the forecast period from 2023 to 2032.
The kid’s smartwatch is a small wearable digital device designed for kids that can be attached to smartphones and tablets. It provides a range of materials to the consumer, such as everyday footsteps, breathing ratio, heart ratio, and sleep examination. The growing health awareness among customers worldwide will develop as the main factor driving global market growth.
Also, the several helpful criteria, such as health observers, health and fitness monitors, mood observers, GPS trackers, and sleep analyzers that keep parents informed about their child’s actions, will worsen the market cost. In addition, the short battery life, data safety, and privacy deficiency are anticipated to impact the market’s growth.
Driving Factors
Increasing Attractive Features in Upcoming Smart Watches to Drive Global Market Growth
The driving factors that help the growth of the kid’s smartwatch market include many attractive facilities such as health monitors, overall health and fitness monitors, mood monitors, live GPS trackers, and sleep rate monitors, which help parents learn about their kid’s activities.
Also, the demand for kids’ smartwatch mobile, kids smartwatches with video games, kids’ smartwatches with dual calling, and kids’ smartwatches with live GPS are helping market growth.
Restraining Factors
Higher Cost of Maintenance of Smart Watches to Limit their Adoption
Kids smart watches have undergone significant technological and design advancements, but some factors prevent widespread use. The high overall cost of these devices is one of them. These gadgets frequently come with chips, batteries, sensors, and other accessories that require regular replacement.
The costs of these accessories result in a considerably greater cost of ownership when added to the device’s life cycle. Smartwatches have been underutilized in developed and developing nations due to these factors and limited reimbursement policies for these devices.
Growth Opportunities
Rapid Development Awareness Boosts the Overall Market Growth
The global kid’s smartwatch market is anticipated to grow significantly in the upcoming years. Opportunities such as increasing awareness of child safety and security, the rising adoption of IOS-based devices, and the growing availability of affordable smartwatches with advanced features help create a lucrative opportunity in the global market.
Trending Factors
Kid’s Smartwatch Trends in the Market
Kid’s smartwatch has developed a trend in the new generation as wearable technology has become popular in upcoming years. Wearable devices have since been used to gather or transfer biometric data. Most purchasers of these products are forward-thinking and likely to try new things. Sales of these high-tech devices are anticipated to be fueled by the growing number of adopters and inventions in developing and developed nations.
Product Analysis
The Integrated Segment Holds to Dominate the Market Share
Based on product, the global kids smartwatch market is segmented into integrated and standalone. Among these integrated segment holds the 65-67% share in the forecast period due to consumer preference, and the integrated kids’ smartwatch sector boosts the market growth. Customers of the built-in kids’ smartwatches can look at the internet and get numerous notifications when related to a smartphone through Bluetooth or Wi-Fi.
Compatibility Analysis
Android Segment Dominates the Market Growth
Based on compatibility, the global kid’s smartwatch market is divided into IOS, android, and others. Between them, the Android segment held the largest market share in 2022. The Android segment is specifically made to work with Android operating system devices, the most used mobile operating system globally.
Therefore, smartwatches might run on a changed version of the Android OS. During the forecast period, this market will grow primarily due to the expanding kid population in developed and developing nations and the rising awareness and digitalization among parents and their children.
Application Analysis
Individual Use Segment helps to boost the Overall Market Growth
Based on applications, the global kid’s smartwatches market is divided into individual use, School and kids training organizations, and others. The individual segment use helps to grow the development of the global kids smartwatch market. The concerns about kids’ security have boosted the rapid interest in kids’ smartwatches.
By Distribution Channel Analysis
Specialty Stores Segment to Grow Significantly During the Forecast Period
Based on the distribution channel, the global kid’s smartwatch market is divided into supermarkets/hypermarkets, convenience stores, specialty stores, and online sales channels. The specialty stores segment is expected to expand significantly during the forecast period. The online sales channel sector also dominated the global market and is expected to expand at a higher CAGR over the forecast period.
The intense focus of market players on retail channels in emerging nations and the rising demand for self-monitoring and noninvasive monitoring devices account for the dominance due to the growing preference of wearable device buyers in metropolitan and capital cities for e-commerce platforms.
Key Market Segments
By Product Type
- Integrated
- Standalone
By Compatibility
- IOS
- Android
- Other Compatibilities
By Application
- Individual Use
- School
- Kids Training Organization
- Other Applications
By Distribution Channel
- Supermarket/Hypermarket
- Convenience Stores
- Specialty Stores
- Online Sales Channel
COVID-19 Impact Analysis
The COVID-19 Pandemic’s Negative Impact on the Global Kid’s Smartwatch Market
COVID-19 had a negative impact on kids’ smartwatch manufacturing. The closing of manufacturing units, the disruptions supply chain, a drop in shopping, and the ending of schools and colleges all negatively impacted the global kids smartwatch market. However, after the end of the COVID-19 pandemic, overall sales started growing.
Regional Analysis
North America dominated the Largest Market Revenue Share and is Anticipated to Retain its Dominance over the Forecast Period.
North America holds the highest revenue share of 38.1% among all regions. During the forecast period, the maximum 5G connections through wearable devices with speeds that might be 100 times quicker than typical 4G will dramatically increase the smartwatch’s response and transferring capabilities.
In addition, the ongoing trend to self-sufficient smartwatches rather than depending on smartphones has high market potential and is expected to drive market growth. Europe is expected to be the second-largest major region in revenue, which is attributable to the increasing disposable income of young individuals on advanced technologies.
Key Regions and Countries Covered in this Report
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
In order to maintain their management position in the market for kids’ smartwatches, major players are concentrating on implementing a variety of growth strategies, including partnerships, mergers and acquisitions, and portfolio expansion.
As a result, the global market is fragmented with the presence of prominent key players, Vital Connect market players adopting growth strategies such as new product launches, new product development, and product approval.
Market Key Players
The following are some of the major players in the global kids smartwatch market industry
- LG Electronics
- Shenzhen Continental Wireless Co., Ltd
- TickTalk
- Doki Technologies
- JOY FamilyTech, Inc.
- SIBYL WORLD SDN BHD
- Garmin Ltd
- Franciscan Solutions Private Limited
- Omate Inc.
- VTech Holdings Limited
- KD Group
- Fitbit, Inc.
- Other Key Players
Recent Developments:
- In 2021, VTech is a Hong Kong-based company specializing in electronic educational toys and gadgets for kids. They offer a range of smartwatches for kids with features like voice calling, messaging, and activity tracking.
- In September 2021, Garmin was a multinational company that produced GPS technology and wearables. They offer a range of smartwatches for kids, including the vívofit Jr. 3 and vívofit Jr. 2, which feature activity tracking, games, and rewards.
- In 2020, Xiaomi was a Chinese electronics company that produced smartphones, smart home devices, and wearables. For example, they offer the Mi Kids Watch 4 Pro, a smartwatch for kids with GPS tracking, voice and video calling, and SOS features.
Report Scope:
Report Features Description Market Value (2022) US$ 1,296.3 Mn Forecast Revenue (2032) US$ 4,853.3 Mn CAGR (2023-2032) 14.5% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Product Type- Integrated and Standalone; By Compatibility- IOS, Android, and Others; By Application- Individual Use, School, Kids Training Organization, and Others; and By Distribution Channel- Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Online Sales Channel Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; The Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Huawei Technologies Co. Ltd, Shenzhen Continental Wireless Co., Ltd, TickTalk, Doki Technologies, JOY FamilyTech, Inc., SIBYL WORLD SDN BHD, Garmin Ltd, Franciscan Solutions Private Limited, Omate Inc., VTech Holdings Limited, KD Group, Fitbit, Inc., Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is a kids’ smartwatch?kids' smartwatch is a wearable device designed specifically for children that offers various features such as GPS tracking, communication capabilities, activity tracking, and games.
How big is the kids’ smartwatch Market?The global kids' smartwatch Market size was estimated at USD 1,296.3 Mn in 2022 and is expected to reach USD 4,853.3 Mn in 2032.
What is the kids’ smartwatch Market growth?The global kids' smartwatch Market is expected to grow at a compound annual growth rate of 14.5%.
Who are the key companies/players in the kids’ smartwatch Market?Some of the key players in the kids' smartwatch Markets are LG Electronics, Shenzhen Continental Wireless Co., Ltd, TickTalk, Doki Technologies, JOY FamilyTech, Inc., SIBYL WORLD SDN BHD, Garmin Ltd, Franciscan Solutions Private Limited, Omate Inc., VTech Holdings Limited, KD Group, Fitbit, Inc., Other Key Players
What age group is the kids’ smartwatch market aimed at?The kids' smartwatch market targets children typically between the ages of 4 and 12 years old, with some models catering to older age groups as well.
What are the main features of kids’ smartwatches?Kids' smartwatches often include GPS tracking for parents to monitor their children's location, two-way calling for communication, SOS buttons for emergencies, step counters, and sometimes educational games.
- LG Electronics
- Shenzhen Continental Wireless Co., Ltd
- TickTalk
- Doki Technologies
- JOY FamilyTech, Inc.
- SIBYL WORLD SDN BHD
- Garmin Ltd
- Franciscan Solutions Private Limited
- Omate Inc.
- VTech Holdings Limited
- KD Group
- Fitbit, Inc.
- Other Key Players
- settingsSettings
Our Clients
Single User $4,599 $3,499 USD / per unit save 24% | Multi User $5,999 $4,299 USD / per unit save 28% | Corporate User $7,299 $4,999 USD / per unit save 32% | |
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |
Buy Now ($ 3,499) | Buy Now ($ 4,299) | Buy Now ($ 4,999) |