ResearchAndMarkets.com experts have prepared a forecast for the children’s smartwatch market. According to the forecast, this category of wearable electronic devices will confidently gain popularity in the coming years.
According to analysts, in 2020, sales of children’s smartwatches in monetary terms amounted to $ 3.7 billion. Average annual growth is expected to be 15.5% between 2020 and 2027. If these expectations are met, the market will reach $ 10.1 billion in 2027.
A full report and forecast is available for a fee. However, there is some interesting data in the published part. In particular, last year in the United States alone, children’s smartwatches were sold for $ 1.1 billion. Over the forecast period in China, the world’s second largest economy, sales of children’s smartwatches will grow by an average of 14.9% per year and will reach $ 1.8 billion by 2027. In Japan, growth is projected at 13.7%, in Germany – at 11.4%.
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