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Smartwatch Market to Grow by USD 46.3 Billion (2025-2029), Technological Advances in Semiconductor Industry Boosting the Market, with AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global smartwatch market size is estimated to grow by USD 46.3 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 15.5% during the forecast period. Technological advances in semiconductor industry is driving market growth, with a trend towards increasing number of patent filings by smartwatch manufacturers. However, increasing data security and privacy concerns poses a challenge. Key market players include Amazfit, Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., Google LLC, HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Kate Spade, LG Corp., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Suunto Oy, Tata Sons Pvt. Ltd., Timex Group, Withings, and Xiaomi Inc..

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Smartwatch Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 15.5%

Market growth 2025-2029

USD 46.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.6

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Canada, Japan, Brazil, UK, Germany, France, Italy, and Spain

Key companies profiled

Amazfit, Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., Google LLC, HK SMARTMV Ltd., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Kate Spade, LG Corp., LVMH Moet Hennessy Louis Vuitton SE, Polar Electro Oy, Samsung Electronics Co. Ltd., Suunto Oy, Tata Sons Pvt. Ltd., Timex Group, Withings, and Xiaomi Inc.

Market Driver

The Smartwatch Market is experiencing significant growth with increasing shipment volumes, driven by urbanization and the millennial population’s preference for wearable technology. Gear Smartwatches and health consciousness are key trends in this sector. Companies like Boat and Xtend are making strides with their Sport smartwatches in the Fitness industry. The Global market is witnessing upgrades with health monitoring features such as Blood oxygen (SpO2) sensors, Stress monitors, and Electrocardiograms (ECG sensors). Price bands vary from basic LCDs to high-end OLED-based smartwatches. Supply chain disruptions have affected some brands, but demand remains strong. Health monitoring smartwatches are popular among older people for real-time health status and fall detection. Businesses like L’Oreal are exploring skin sensors for future applications. The market report covers display technology, operating systems, interfaces, and more. Smartwatches offer features like phone calls, weather reports, music, text messages, digital assistant, and low power consumption. Some models have advanced health monitoring features such as sleep apnea detection, EKG monitor, and glucose monitoring for diabetes patients. 

The smartwatch market is witnessing a significant trend with an increasing number of patent applications being filed. Patents provide exclusive rights for a set period, enabling vendors to prevent others from manufacturing, using, or selling similar inventions. Major players are focusing on obtaining patents for displays, cameras, sensors, and related technologies to incorporate advanced features into next-generation smartwatches. This strategic move allows vendors to differentiate themselves in the competitive global market and gain a competitive edge. 

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Market Challenges

The Smartwatch Market is experiencing significant growth with increasing shipment volumes, driven by urbanization and the millennial population’s preference for wearable technology. Gear Smartwatches and health consciousness are key trends, with the Fitness Industry and Health Monitoring Features becoming essential selling points. Boat and Xtend Sport smartwatches lead the market, offering Fitness Tracking and Calorie Counters. The Global Smartwatch Market faces challenges such as Supply Chain Disruptions and Price Bands. OLED-based smartwatches like the Forerunner 945 LTE are upgrading with advanced Health Monitoring Features, including Blood Oxygen and SpO2 Sensors, Stress Monitors, Electrocardiograms, and Fall Detection. Wearable Computing Devices, like Wristwatches, are now Bluetooth-capable, enabling Phone Calls, Weather Reports, Music, Text Messages, and Digital Assistant access. Older people also benefit from Real-time Health Status monitoring, with Fall Detection apps and EKG Monitors addressing specific health concerns, such as Sleep Apnea, Diabetes, and Glucose Monitoring. Businesses like L’Oreal and Skin Sensors are exploring opportunities in this market. Low Power Consumption and High Image Quality are crucial factors, making Wearable Devices a must-have for both personal and professional use.Smartwatches, popular for their convenience and advanced features, have gained significant market traction. However, concerns regarding data security and privacy have emerged due to the devices’ motion sensors, making them susceptible to hacking. These gadgets store and access vast amounts of sensitive data in real-time, including personal information, health data, messages, calls, maps, and financial details. The risk of data breaches is substantial, as hackers can decode this data using wireless interceptors without the user’s knowledge. In response, regulatory bodies are taking action. For instance, Europe’s General Data Protection Regulation mandates secure processing of personal data using appropriate technical and organizational measures. These measures aim to mitigate potential risks and safeguard user privacy.

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Segment Overview

This smartwatch market report extensively covers market segmentation by

Type 1.1 Integrated1.2 StandaloneOS 2.1 Android wear2.2 Apple watch OS2.3 Fitbit OS2.4 Tizen OSGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Integrated- Smartwatches with integrated capabilities have gained popularity due to their ability to connect with other computing devices, such as smartphones, via Bluetooth or WiFi technology. This connection enables users to access various smart features, including internet access, messaging, social media notifications, weather updates, and music playback. The market for integrated smartwatches is projected to expand due to the increasing penetration of affordable smartwatches in emerging markets and the entry of traditional watch manufacturers. Companies like Huawei, Xiaomi, and Zepp Health are offering advanced features at reasonable prices, attracting millennials in countries such as India, Brazil, and China. CASIO and Fossil are among the analog and digital watch manufacturers offering integrated smartwatches. The integrated segment is expected to remain the dominant market segment due to its focus on health and fitness features, with several traditional watch manufacturers expected to join during the forecast period.

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Research Analysis

The Smartwatch Market is experiencing significant growth due to the increasing urbanization and the rising demand from millennials for wearable technology. The shipment volume of smartwatches is projected to reach new heights as people become more health-conscious and the fitness industry integrates these devices into their offerings. Fitness tracking and health monitoring features are driving the demand for smartwatches, with advanced technologies such as SpO2 sensors, electrocardiograms, and heart health monitoring becoming increasingly popular. OLED-based smartwatches offer real-time health status updates, including blood oxygen saturation levels and native sleep tracking. Fall detection and diabetes management with glucose monitoring are also gaining traction in the market. Overall, health monitoring smartwatches are revolutionizing the way we manage our health and wellness.

Market Research Overview

The Smartwatch Market is experiencing significant growth, driven by increasing urbanization and the adoption of wearable technology among millennials. The shipment volume of these devices is on the rise, with health consciousness being a major factor. Gear smartwatches, Boat, Xtend Sport smartwatch, and other brands are leading the charge in this sector. The fitness industry is also embracing smartwatches for fitness tracking and health monitoring features, including blood oxygen (SpO2) sensors, stress monitors, and electrocardiograms (ECG). Upgraded smartwatches offer calorie counters, fall detection, native sleep tracking, heart health monitoring, and more. Wearable computing devices, once considered luxury wristwatches, now serve as essential health monitoring tools. Older people and those with specific health conditions, such as sleep apnea, diabetes, and heart issues, also benefit from real-time health status updates. The market report covers supply chain disruptions, price bands, display technology, operating systems, interfaces (UI), and the latest trends in OLED-based smartwatches and LCDs. Smartwatches can now make phone calls, receive weather reports, play music, and send text messages, all wirelessly via Bluetooth or a wireless Bluetooth adaptor. Additionally, digital assistants, low power consumption, and high image quality add to their appeal.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeIntegratedStandaloneOSAndroid WearApple Watch OSFitbit OSTizen OSGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Rho Launches Card Payments on Invoices, Letting Businesses Accept Credit Card, Debit Card, and Google Pay

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Rho Invoicing customers can now accept credit card payments on invoices alongside ACH and wire, from the same account they already use for banking, with invoices syncing automatically to QuickBooks Online

NEW YORK, Sept. 4, 2026 /PRNewswire/ — Rho, the all-in-one finance platform for businesses, today announced that Rho Invoicing customers can now accept credit and debit card payments, including Google Pay, directly on their invoices. The feature is rolling out to eligible Rho Invoicing customers and adds to the existing ACH, domestic wire, and international wire options already available on Rho invoices. No separate merchant account, no new dashboard, and no waiting on a wire.

Here is how it works for the payer: your client opens the invoice, enters their card information, and pays in a few clicks. Card payments carry a processing fee of 2.9% plus $0.30 per transaction, paid by the business issuing the invoice and deducted from the payment before depositing into your account. Inbound ACH and wire stay free, and the payer never sees a surcharge at checkout. Card payments cover USD-denominated invoices and have a default daily limit of $10,000 across all of a business’s invoices, which can be raised on request.

An invoice is marked paid once the payout is initiated, and funds follow on card-network timelines rather than instantly. A business’s first card payment can take up to two weeks to deposit while Stripe, which powers Rho’s card payment features, completes its initial review.

Rho Invoicing remains free for all Rho customers, aside from card processing fees, and supports up to 100 line items per invoice with per-line sales tax, recurring billing, payment matching, and a fully white-labeled template that carries the business’s brand rather than Rho’s, with virtual account numbers that keep the business’s actual bank details private. Rho invoices sync into QuickBooks Online as accounts receivable through Rho’s direct integration, so AR aging stays accurate without duplicate entry.

Card payments run through the same Rho account a business already uses for banking, corporate cards, and bill pay. No merchant account. No second dashboard. No new password to add to a growing list. Getting paid should not add another tool to the financial stack.

Availability is limited to eligible Rho Invoicing customers for USD-denominated invoices. Access to and enablement of card payment functionality requires completion of Stripe’s verification process and is subject to third-party underwriting and approval, which is not guaranteed.

To learn more, read how to accept credit card payments with Rho Invoicing.

About Rho

Rho is the modern banking platform built for the AI era. Startups and growth-stage companies can open accounts in minutes, issue cards, manage expenses, pay bills, and close the books – all in one connected platform backed by real human support.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.

Card payment features on Rho Invoicing, including credit card, debit card, and Google Pay options, are powered by Stripe, Inc. This content is for informational purposes only. It doesn’t necessarily reflect the views of Rho and should not be construed as legal, tax, benefits, financial, accounting, or other advice. If you need specific advice for your business, please consult with an expert, as rules and regulations change regularly.

Media Contact:
Justin Wolz
justin.wolz@rho.co
(919) 306-7084

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SOURCE Rho

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Amwell Receives Frost & Sullivan’s 2026 United States Technology Innovation Leadership Recognition for Technology-Enabled Care Platforms

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Amwell® is transforming virtual care delivery through its unified Amwell Platform, combining interoperability, clinical integration, and intelligent orchestration to improve access, efficiency, and outcomes.

SAN ANTONIO, Sept. 4, 2026 /CNW/ — As healthcare organizations move beyond fragmented telehealth solutions toward connected virtual care models, Amwell is helping redefine how digital care is delivered at scale. Frost & Sullivan is pleased to recognize Amwell with the 2026 United States Technology Innovation Leadership Recognition in the Technology-Enabled Care Platforms industry for its ability to address healthcare fragmentation through a unified platform that connects patients, health plan members, clinicians, and partner ecosystems across the care continuum.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Amwell excelled in both, demonstrating its ability to align strategic initiatives with evolving healthcare needs while executing with flexibility, scalability, and measurable customer impact. “The combination of reliability, flexibility, and clinically integrated workflows positions the Amwell Platform as a strategic enabler for organizations seeking to reduce fragmentation, improve member engagement with covered programs, expand access to care, and create more connected healthcare experiences,” said Sagar Mukhekar, Industry Analyst, Frost & Sullivan.

Guided by a strategy centered on connected care, interoperability, and continuous, digital innovation, Amwell has positioned the Amwell Platform as an operating layer for next-generation healthcare delivery. Rather than relying on disconnected point solutions, the platform integrates technology, services, and clinical intelligence to orchestrate personalized care experiences across virtual primary care, urgent care, behavioral health, chronic condition management, and specialized digital programs.

Backed by 20 years of technology-enabled care innovation, more than 90 million covered lives, and over 38.7 million virtual visits, Amwell continues to help health plans and healthcare organizations modernize digital care delivery at scale.

“As healthcare becomes more digital, it risks becoming more fragmented. Health plans need more than point solutions. They need enterprise infrastructure, clinical integration, and an open platform that brings partners and programs together. Our vision at Amwell is that technology creates value when it improves access, engagement, quality, and efficiency, and produces measurable clinical and business outcomes. We’re honored by this recognition from Frost & Sullivan,” said Dan Zamansky, Chief Product and Technology Officer at Amwell.

Amwell’s enterprise scale includes supporting the digital transformation of the Defense Health Agency’s Military Health System, serving approximately 9.6 million beneficiaries. The company’s commitment to measurable outcomes is also reflected in a landmark National Institute of Mental Health (NIMH)-funded study, published in Nature Human Behaviour and among the largest studies of its kind. The study found that students offered SilverCloud® by Amwell® engaged in mental healthcare at more than double the rate of traditional care, experienced lower rates of mental health disorders, and generated an estimated $1.18 million in avoided costs for the study population.

The company further differentiates its platform through intelligent orchestration and navigation, helping guide members to appropriate programs while giving clinicians visibility across care plans. Amwell also evaluates integrated third-party programs for clinical effectiveness, scalability, and enterprise readiness.

Frost & Sullivan commends Amwell for setting a high standard in competitive strategy, execution, and technological innovation. The company’s unified approach to digital care is helping reduce fragmentation, improve access, strengthen operational efficiency, and support more equitable and sustainable healthcare delivery.

Each year, Frost & Sullivan presents the Technology Innovation Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition identifies forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Ashley Shreve
E: ashley.weinkauf@frost.com 

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Midea Brings “Simply ideal” to Life at IFA 2026

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BERLIN, Sept. 4, 2026 /PRNewswire/ — At IFA 2026, Midea brings its “Simply ideal” vision to life through the latest innovations, designed to bring greater intelligence, comfort, efficiency and ease to the home.

The exhibition also highlights Midea’s new five-year partnership with FC Barcelona.

The Midea Suites: Ways to Master the Home

The new SMART MASTER showcases Midea’s AI-powered home ecosystem. The AI Agent enables more natural, intuitive interaction with appliances across daily household scenarios. Midea Robot brings AI into the physical world through cooking, cleaning, laundry, care and whole-home control.

At IFA 2026, Midea unveiled its new AI voice-controlled air conditioner. Cliff Liang, General Manager of Enterprise Commercial for the China Region at Microsoft, joined the Midea event and shared Microsoft’s perspective on the next phase of AI.

AI ECOMASTER coordinates appliances and connected systems through intelligent power management. It learns household routines and adapts to changing needs for greater flexibility and comfort.

For homes where every inch counts, SPACE MASTER delivers more usable capacity within the same external dimensions, as demonstrated by the refrigerator’s expanded storage.

Alongside the MASTER Suites, the BUILT-IN Series includes the Milanese-inspired Ispira Series, combining cohesive design with intelligent functionality for an integrated cooking experience.

The Midea Scenarios: Innovation for Everyday Living

Comfort begins with the air around us. Midea’s R290 Series responds to growing demand for efficient cooling. It combines advanced compressor and safety-sealing technologies with ultra-low-GWP R290 refrigerant, delivering around 10% higher energy efficiency. Residential applications include H-Pack and PortaSplit, with PortaSplit set to adopt R290 in 2027.

In the kitchen, technology simplifies daily routines, from food storage and cooking to after-meal care. The Visionary Series refrigerators make food easier to see and access through GlassVision, hands-free lighting and clear, even illumination.

The InfiniteFit Series hobs feature an ultra-slim design for seamless integration into European kitchens, while OmniFlex enables flexible cookware placement. The PizzaPro built-in oven combines rapid heating with an 81L cavity, balancing speed with capacity.

After the meal, the Tri-GreenApex System brings washing, drying and storage together while using around 50% less energy than required for Europe’s highest A rating.

Laundry brings its own everyday needs. Midea’s family laundry room concept combines multi-drum solutions for different garment-care needs, allowing separate loads to run at the same time. The OMNI SERIES offers flexible combinations to suit different household routines.

Tobin Richardson, President and CEO of the Connectivity Standards Alliance, introduced Matter at Midea’s booth, highlighting its open, secure, interoperable framework and Midea’s role in advancing smart appliance connectivity.

Partnership and Brand Portfolio

At IFA 2026, Midea celebrated its partnership through an immersive FC Barcelona experience at its booth. FC Barcelona legend Carles Puyol made a special appearance, sharing insights from his career on leadership, teamwork and the pursuit of excellence. His presence reflected Midea and FC Barcelona’s shared commitment to world-class performance.

As part of Midea Group’s multi-brand portfolio, TEKA presents its latest innovations under the “Meaningful Experiences Through Technology” concept, including its new coffee machine range, the In-Line Series and Laundry Care solutions, bringing European design and functionality to modern living.

About Midea and Midea Group

Midea is one of over 10 brands within the Smart Home Business of Midea Group.

Founded in 1968, Midea Group is a leading global technology company and one of the world’s largest home appliance manufacturers. As a Fortune Global 500 enterprise, it ranked No. 231 in 2026. The Group has streamlined its core operations into seven high-growth business pillars to drive future growth: Smart Home, Industrial Technologies, Building Technologies, KUKA, New Energy, Midea Healthcare, and ANNTO Logistics.

www.midea-group.com

www.midea.com

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