Kids Smartwatch Market Research Report - Global Forecast 2030

Kids Smartwatch Market Research Report: By Type (Functional Type and Smart Type), By Product (Integrated and Standalone), By Application (7–12 Years Old and 0–6 Years Old) - Forecast till 2030

ID: MRFR/SEM/6837-CR | February 2020 | Region: Global | 218 pages

Impact of COVID-19 on the Kids’ Smartwatches Market

The kids' smartwatch works like a smartphone attached to the wrist of a child and is connected to the parents' smartphone. Parents can track the movement of their children through the companion mobile app. However, the COVID-19 outbreak has drastically impacted the kids' smartwatches market. The global spread of the virus has severely impacted the overall consumer electronics market. The precautionary measures enforced by governments, such as partial or complete lockdowns, have led to the shutting down of businesses and a halt in the production of consumer electronics products in most countries. The decline in the production of kids’ smartwatches has also impacted product sales. The lockdowns have resulted in disrupted supply chains, as China is the hub for raw materials that are used in the manufacture of electronic products. Companies are facing tremendous revenue losses during the pandemic owing to a shortage of labor and the unavailability of raw materials. The delayed launches of kids' smartwatches is also affecting the market growth.

Kids in schools can be tracked when they wear RFID tag devices connected to their smartwatches. However, the lockdowns have also resulted in the closing of schools and colleges, which has also decreased the use of smartwatches for kids. People have been compelled to stay within their homes to contain the spread of the pandemic. The concept of e-learning has evolved during the epidemic, due to which the use of smartwatches for kids has declined. Besides, the prohibition of outdoor activities has also decreased the usage of smartwatches. According to the MRFR analysis, Asia-Pacific is expected to dominate the market owing to the gadget consuming culture of China, the high adoption of new technologies, and accessibility of local brands offering affordable products. The market is expected to grow significantly, post the pandemic.

Global Kids’ Smartwatch Shipment Market Share by Brand (2018–2019)
Kids’ Smartwatch Shipment Market

Impact Analysis