Narrative: Global Smartwatch ASP & Revenue Forecast for 88 Countries: 2012-2029
Discover key insights on smartwatch revenue trends—global revenues will grow 2.0% in 2025, with forecasts through 2029. Explore regional ASP shifts, unit volumes, and market dynamics in our in-depth report.
Global smartwatch revenues will rise by 2.0% in 2025, with the growth rate increasing slightly from 1.6% in 2024, following a 1.8% dip in 2023. Annual revenue growth is expected to peak at 3.1% in 2027, after which it would slow down, remaining above 2% in 2028 and 2029. ASPs are expected to decline for the entire forecast period from 2025 through 2029, although the rate of decline will slow down by 2029. Even so, as smartwatch unit volumes increase from 2025 through 2029, revenues will also increase between 2025 and 2029. Global economic uncertainty and persisting inflation in some regions are slowing down the ASP decline. In this forecast iteration, we've raised ASPs slightly across mostly North America and Western Europe, mainly due to higher-than-expected 2024 actuals and perceived price tier trends in these regions. Our extensive report forecasts global smartwatch pricing and revenues for 88 countries worldwide from 2012 to 2029.
