Global Smartwatch ASP & Revenue Forecast for 88 Countries: 2012 to 2029
Share This Post
Global smartwatch revenues will rise by 3% in 2024, rebounding after a 2% dip in 2023. Annual revenue growth is expected to peak at 5% in 2025, remain above 4% through 2027, after which it would slow down, remaining above 2% in 2029. Even though there was a 2% annual ASP increase in 2023, ASPs are expected to decline for the entire forecast period from 2024 through 2029. Even so, as smartwatch unit volumes are again growing from 2024 through 2029 after a dip in 2023, revenues will grow between 2024-2029. Global economic uncertainty, persisting inflation and higher than usual interest rates are slowing down the ASP decline. In this forecast iteration, we've raised ASPs slightly across the board throughout the forecast period, mainly due to higher-than-expected 2023 actuals. Our extensive report forecasts global smartwatch pricing and revenues, for 88 countries worldwide, from 2012 to 2029.
