Children Smartwatch Market Size, Share, Growth, and Industry Analysis, By Type (Integrated and Standalone), By Application (0-6 Years Old and 6-12 Years Old), Regional Forecast To 2031

Updated On: 08 April 2024

Children Smartwatch Market Report Overview

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The global children smartwatch market size was USD 599.5 million in 2021, As per our research, the market is expected to reach USD 3,217.67 million in 2031, exhibiting a CAGR of 17.74 % during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with children smartwatch experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A wearable device made exclusively for young children is a children's smartwatch. These watches often have functions like voice calling, GPS tracking, and activity tracking. They are frequently promoted as a tool for parents to monitor the whereabouts and activities of their children. The household application category led the market for kids' smartwatches globally. The expansion of this market sector can be linked to rising smartphone and internet connectivity usage in homes all over the world. Additionally, during the course of the forecast period, a rise in the use of wearable technology for communication, entertainment, and health monitoring is anticipated to fuel demand for children's smartwatches.

COVID-19 Impact: Standstill in the Industry Due to the Lockdown to Hamper Market Growth

The basis for stakeholders in smartwatch devices was created by the impact of technology on recent developments in the fitness industry. A crucial market focus area is monitoring. Smartwatch devices are increasingly integrating intelligence, providing real-time insights based on the user's data. The sector has suffered as a result of the second COVID-19 wave, which mandated lockdowns and movement restrictions. Children smartwatch demand has fallen, almost exactly matching the previous season.

As soon as the nationwide lockdown was announced by the central authorities, everything came to a standstill. This time, the situation has improved a little. Lockdowns at the state or district level due to the weather have averted a total lockdown situation, permitting the sale and delivery of air coolers in some regions of the nation.

Latest Trends

"Easy Parental Control to Fuel Market Growth"

In recent years, there has been an increase in public awareness of health and fitness. As a result, there is a higher demand for goods that can be used to track and keep track of one's level of physical activity. Children smartwatches are perfect for this since they allow parents to monitor their kids' heart rates, sleep cycles, and other vital signs while also keeping an eye on their physical activity levels.

Children Smartwatch Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into integrated and standalone.

In terms of product, integrated is the largest segment.

• By Application Analysis

Based on application, the market can be divided into 0-6 years old and 6-12 years old.

In terms of application, 6-12 is the largest segment.

Driving Factors

"Huge Spending by Parents to Propel Market Growth"

Spending by parents on items that can raise their kids' quality of life is on the rise. With features like GPS tracking, call/message notifications, and others, children smartwatches are an appealing option for many parents around the world. Over the next few years, we may anticipate strong growth possibilities for the children's smartwatch market in emerging nations like China and India as their disposable incomes continue to climb. expansion of mobile apps Mobile apps that serve several needs, including entertainment and education, have proliferated as a result of advances in mobile technology. Additionally, it is presently calm.

"Increasing Awareness About Educational Applications to Enhance Market Sales"

Over the course of the projected period, it is anticipated that parents' increasing awareness of educational applications will contribute to the significant children smartwatch market growth. As the use of tablets and laptops in the classroom increases, teachers and parents are focusing on engaging children' interests through gaming and other interactive activities. In the approaching years, demand for the product will rise among schools all over the world as a result of this factor.

Restraining Factors

"High Cost of the Devices to Impede Market Expansion"

As we are all aware, these smart wearables have cutting-edge functionality. However, in terms of cost, it is more on the expensive side of things. One of the most major limitations of smartwatches is the ongoing demand to charge these devices. The normal battery life of a watch is between 24 and 48 hours. But because of all the notifications, it might only work for a day. If your smartwatch has less battery in the morning, it won't last the full day.

Children Smartwatch Market Regional Insights

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"Asia Pacific to Dominate the Market Due to huge Disposable Income of the People"

The world market for children's smartwatches is dominated by Asia Pacific and the region owns largest portion of children smartwatch market share. Over the course of the prediction, the region is anticipated to maintain its supremacy. This can be due to rising consumer disposable income and increased product penetration, particularly in developing nations like China and India. Additionally, a rise in parental expenditure on household goods has encouraged manufacturers to create cutting-edge devices specifically for children. For instance, the Xiaomi Corporation just introduced a new line of smart watches for children called Mi Smart Watches under the 0 category. These watches have features like waterproof construction, long battery life, and others that make them acceptable for even older siblings who are 4 years old.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Omate (China)
• Teemo (France)
• Huawei (China)
• Doki Technologies (Hong Kong)
• VTech Holdings (Hong Kong)
• Xiaomi (China)
• Imoo (U.K.)
• Readboy (China)
• 360 (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.