Total number of smart watches submitted by year

The global smartwatch market has been increasing steadily over the past 5 years, showing a clear rise in consumer interest and advancements in technology within the wearable tech market. The number of submissions started to take off in 2020 with a 34.2% increase in IDs from 2019 after maintaining flat levels from the previous 4 years.

Future outlook
Since 2020, the market has grown an average of 28.1% YoY, only slowing slightly in 2023 with only a 20.6% increase in new devices from the previous year. As the overall wearables market continues to grow, we expect new and existing manufacturers alike to continue improving and releasing newer models of smartwatches.

Rising Consumer Interest in Wearable Technology
The increase in FCC ID submissions points to a growing demand for smartwatches. Over the last five years, smartwatches have shifted from niche products to popular everyday devices. This change is fueled by consumers looking for gadgets that provide better and more convenient health monitoring, making smartwatches a more integrated part of everyday life.

Advancements in Technology
With better sensors, improved battery life, and more integrated software, companies can introduce more capable devices. These advancements appeal to a wider range of users and encourage regular updates and new models, helping to expand the market offerings.

Competitive Strategies Among Manufacturers
Both established companies and new players are expanding their product lines to attract different customer segments. This competitive atmosphere drives ongoing innovation and variety, leading to an increase in FCC ID submissions as brands aim to offer unique features and differentiate themselves.