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Smartwatch Market to Grow by USD 46.3 Billion from 2025-2029, Driven by Semiconductor Tech Advances, Report with Market Evolution Powered by AI – Technavio

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NEW YORK, Feb. 12, 2025 /PRNewswire/ — Report on how AI is driving market transformation – 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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

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  

TypeIntegratedStandaloneOSAndroid WearApple Watch OSFitbit OSTizen OSGeographyNorth AmericaAPACEuropeSouth AmericaMiddle 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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SOURCE Technavio

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Technology

JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP, on the Model You Choose

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50 minutes ago

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July 24, 2026

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data staying inside their own network

LONDON, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that must keep operational data within a defined boundary, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model itself can run entirely inside your own network.”

“IT teams across the United Kingdom and EMEA tell us the same thing: they want the benefit of AI without losing sight of where their data goes,” said Greg McLaughlin, Account Executive for EMEA at JAMS Software. “JAX and JAMS MCP let them keep operational data inside their own network and still get answers in plain language. That combination is what makes this practical for the teams I work with.”

JAX and JAMS MCP are available now to all JAMS Web customers across the United Kingdom and EMEA, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software

Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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Video: CNPC offers green chemical answer

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July 24, 2026

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BEIJING, July 24, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

Located on the edge of the Taklamakan Desert in Northwest China’s Xinjiang Uygur autonomous region, the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility of PetroChina Dushanzi Petrochemical Company, a subsidiary of China National Petroleum Corporation, are offering a new example of China’s low-carbon industrial transformation.

Watch the video to discover how CNPC is exploring a cleaner and more circular future for the industry.

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SOURCE chinadaily.com.cn

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Shanghai Electric showcases embodied intelligence robot matrix and AI-native smart factory solutions at WAIC 2026

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July 24, 2026

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Featuring humanoid robots with 41 degrees of freedom, pipe‑inspection robots with ±1mm positioning accuracy, and 51 industrial‑grade AI agents

SHANGHAI, July 24, 2026 /PRNewswire/ — Operations in high-end equipment manufacturing often involve confined spaces, complex objects, and fine manipulation tasks that demand sustained and stable precision. At the recent 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance (WAIC 2026), Shanghai Electric (SEHK: 02727, SSE: 601727) showcased its comprehensive portfolio of embodied intelligence solutions tailored to a range of industrial scenarios.

Themed “AI for All: Smart Squad, Shining Without Limits,” Shanghai Electric highlighted its capabilities across embodied AI robots, robot core components, and AI-native smart factory solutions, demonstrating end-to-end capabilities spanning complete robot systems, critical parts, industrial software, and smart factory architecture.

“The true value of embodied intelligence lies in understanding real industrial tasks: combining the strength, precision, and stability of machines with human experience and judgment to drive a genuine paradigm of ‘machine-assisted, human-machine collaboration,'” said Wang Chunlei, deputy general manager of the Robotics Business Unit at Shanghai Electric Automation Group.

Shanghai Electric’s robotics portfolio covers five key industrial scenarios: connector insertion, electrical operations, flexible sorting, intelligent assembly, and pipe processing. Highlights include:

“SUYUAN” bipedal humanoid robot: With 41 degrees of freedom for enhanced mobility, it is equipped with a multimodal visual sensing system on the head and torso, along with a dual-battery hot-swap system. It is well-suited for inspection, material handling, and assembly tasks.”TUOYUAN” industrial wheeled humanoid robot: Powered by an embodied intelligence foundation model and force-position hybrid control, it is capable of multi-spec connector insertion, material sorting, and loading/unloading of automotive sheet metal parts.”Mermaid” bionic wheeled humanoid robot: Capable of autonomously identifying buttons, knobs, and air switches, it generates real-time operation paths.Autonomous pipe inner-wall chamfering robot: Designed for confined spaces, it can position and process thousands of hole edges with accuracy within 1 millimeter while transmitting data in real time.

Shanghai Electric also showcased its portfolio of core components ranging from power-output to end effectors. Among them, the planetary roller screw offers more than three times the load capacity of traditional ball screws, while the DexHand dexterous hand is designed to meet diverse gripping and manipulation requirements.

Shanghai Electric launched 51 AI models and agents under its “StarCloud Intelligent Manufacturing” series across three domains: R&D and design, production and manufacturing, and operations and maintenance—covering critical equipment processes such as process optimization and wind power facility maintenance.

These industrial agents are embedded in robotic decision-making systems and the operational logic of AI-native smart factories, transforming industrial expertise into digitized, reusable capabilities. They support production-line scheduling, quality inspection, and predictive maintenance, driving the evolution of manufacturing systems from experience-driven to data-driven operations.

Shanghai Electric also released the “AI-Native Smart Factory Technology White Paper,” proposing an active evolution architecture that enables real‑time, closed‑loop optimization of production data, giving the factory self‑perception, self‑decision, and self‑execution capabilities. Built on First Principles, the AI‑native smart factory vertically integrates process flows, industrial software, agents, and smart equipment to dismantle traditional hierarchies while horizontally bridging data silos. The architecture features three core layers: the AI factory brain as the “control center,” industrial agents and embodied robots as the “execution network,” and the physical twin as the “digital mirror.”

Leveraging its deep industrial expertise and comprehensive solution capabilities, Shanghai Electric will continue to drive the implementation of AI in industrial settings, tackle technical challenges facing embodied intelligence in complex scenarios, accelerate the large‑scale deployment of AI‑native smart factories, and deliver replicable solutions across diverse manufacturing environments.

SOURCE Shanghai Electric

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