RTOS Smartwatch Market Size (2023 - 2030)

The global RTOS Smartwatch Market size is estimated to grow from USD 10 Billion in 2022 to USD 23.55 Billion by 2030. The market is witnessing a healthy CAGR of 11.3% from 2023 to 2030. The reduced memory demand provided by RTOS and the money saved on chipsets is the major factor that is driving the growth of the industry.

The wearables enterprise is nonetheless in its early degrees of development. A report estimates that the wearables market ought to grow to be a $1.6 trillion business in the subsequent few years. But a lot of software work will have to go into realizing these trends. A full-featured, real-time operating system (RTOS) can assist get smart wearable products up and running quickly.

A wearable device can pack a splendid array of peripherals for its size; however, memory ability is the one place where geometry can’t be out-maneuvered. An RTOS can assist limit memory needs in wearables. The RTOS itself can have a small footprint and grant deterministic conduct that helps hold code compact. But it should also scale down to a minimal dimension in each code and data necessities to live on at the lowest end of the machine spectrum. This same RTOS needs to additionally be in a position to scale up to the most full-featured variety of services. RTOS has a lot of specific applications which vary from system to device. Also, how it is configured, and the kind of RTOS deployed-- hard real-time, soft real-time, or soft actual time -- relies upon the reason it is being used for. Obviously, the RTOS used on an aircraft carrier is now not identical to the one used on your new smartwatch.

So, technically, what smartwatches use is FreeRTOS. It is a kind of Real Time working machine which is mild and made to run limited purposes on a single chipset and has confined memory. In an enterprise sense, RTOS can achieve higher performance, and battery existence and additionally save money on the bill of substances due to its restrained hardware necessities

COVID-19 impact on the RTOS Smartwatch Market   

COVID-19 is an infectious sickness that originated in the Hubei province of Wuhan town in China in late December. The highly contagious disease, prompted by a virus, extreme acute respiratory syndrome coronavirus two (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the ailment has unfolded to nearly 213 international locations around the globe with the World Health Organization declaring it a public fitness emergency on March 11, 2020.

In the context of COVID-19, government agencies in various countries, lookup institutes, and many biotech and pharmaceutical companies are focusing on tremendous and fast technologies for the fast prognosis of COVID-19.  The wearables market has been also badly affected by the pandemic since due to the pandemic there was no transportation available which has also restrained the growth of the market during the forecast period. The smartwatch market is estimated to grow after the pandemic period due to the fact that these watches help in maintaining a healthy lifestyle through regular updates and monitoring of the surroundings of anyone wearing the watch, which is estimated to drive the market after the pandemic period.

MARKET DRIVERS:

The reduced memory demand provided by RTOS and the money saved on chipsets is driving the growth of the market

The reduced memory demand provided by RTOS and the money saved on chipsets is driving the growth of the RTOS smartwatch market during the forecast period. RTOS helps in limiting the memory needs of wearables and also in smartwatches. Due to its geometry, the RTOS system can help in saving memory needs and that space can be used to further enhance the smartwatches this can also help in saving money which is estimated to drive the growth of the market.

MARKET RESTRAINTS:

The high cost of the new technology is restraining the growth of the market

There are some factors that are restraining the growth of the market, one such is the high cost of the RTOS-based smartwatches as the technology is quite new and this type of watches require chipsets whose market is facing a downfall due to a lack of supply and availability of the resources which is also restraining the growth of the market during the forecast period.

GLOBAL RTOS SMARTWATCH MARKET REPORT COVERAGE:

Market Segmentation

Global RTOS Smartwatch Market - By Type:

• Extension

• Classical

• Standalone

By Type, the standalone phase is anticipated to lead in terms of revenue contribution to the global smartwatch market all through the forecast duration due to the growing demand for standalone smartwatches. A standalone smartwatch is a device that generally consists of a SIM card, both detachable, preloaded, and eSIM. This device can get hold of calls and textual content messages on its own and send messages without it being linked to the smartphone. This system operates independently like a smartphone, with messaging apps, however with added competencies such as sporting features as well as different health-related features. Certain users are extra involved in standalone smartwatches, especially these customers who want a second communication device. This kind of smartwatch is designed for people with busy schedules who do not choose to miss any necessary notifications whilst working. Those who interact with outside activities such as hiking, traveling, and different such activities would gain considerably from a standalone smartwatch, which is predicted to increase the boom of this segment.

Global RTOS Smartwatch Market - By Application

• Wellness
• Sports
• Health
• Personal assistance
• Others

Based on the Application, the personal assistance section is anticipated to lead in phrases of revenue throughout the forecast duration due to the growing adoption of smartwatches due to the personal assistant feature. Smartwatches set up with digital assistants to assist to manage everyday activities with voice recognition permit customers to control daily activities with introduced ease. The wellness section is anticipated to register a sizable boom in phrases of income throughout the forecast period as the adoption of smartwatches is rising for fitness and wellness-related applications. Smartwatches assist customers to decide how much exercise is required for a day via monitoring and measuring each day's activities.

Global RTOS Smartwatch Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Asia Pacific is anticipated to register a considerable boom in phrases of income during the forecast duration due to speedy developments and technological developments in the consumer electronics industry. In addition, growing disposable income and rising demand for greater superior devices and features are augmenting market income growth.

Global RTOS Smartwatch Market Share by Company

Companies like

• Amazefit
• Lenovo
• Xiaomi
• Samsung Electronics
• Fossil Inc
• Sony Corporation
• Fitbit
• Garmin
• Apple
• Huawei

And others play a pivotal role in the market. Mergers and acquisitions in the enterprise have enabled players to diversify and decorate their carrier services.

Recently, Apple, a leading technology company, announced the launch of its new line of smartwatches.

The market is highly fragmented into many players and industries that are trying their best to dominate the market in the smartwatch section, Prominent market players are pursuing a number of strategies, such as strategic joint ventures and partnership agreements, product innovations, lookup & development initiatives, geographical expansions, and mergers & acquisitions, to improve their foothold in the industry. Suppliers are additionally focusing on increasing their product choices to enhance the consumer experience. Therefore, these players and the strategies applied by them to dominate the market are estimated to drive the growth of the market during the forecast period.

NOTABLE HAPPENINGS IN THE GLOBAL RTOS SMARTWATCH MARKET IN THE RECENT PAST:

• Acquisition - In May 2022, Omate a hardware and software design company launched a smartwatch named Racer that works with numerous iOS and Android applications using Bluetooth connectivity to a smartphone.