Sweat Powered Smartwatches Market Size

Sweat Powered Smartwatches Market size is expected to register remarkable growth rate during the forecast period i.e., between 2024-2036. Scientists have invented a new technology of charging batteries using human sweat, which are used to power these smartwatches, which can be charged by mere 20 micro liters of fluid. The growth of the market can be attributed to the growing trend of wearable smartwatches, along with ongoing technological advancements in battery technology. Over 15 million smartwatches were sold in 2019, globally, which grew to almost 20 million in 2020. The growing demand for smartwatches is estimated to act as a major growth driver for the market. The lower requirement of charge for running the watch makes it a feasible device to work on sweat. The growing adoption of alternate source for power, and growth in technology are anticipated to boost the market growth. Practical implementation of this concept is yet awaited.

The demand for smartwatches is higher in cities, and urban settlements, owing to the technological awareness amongst the urban population, and higher disposable income of this section of population. As a result, growing urbanization is expected to boost the demand for smartwatches, which, in turn, is projected to boost the sweat powered smartwatches market growth. According to the data by the World Bank, 4.352 billion people live in urban areas, as of 2020. The urban population accounted to 56.15% of the total global population in 2020, and is estimated to increase to over two-third of the total population by 2050. Growing investment in technical R&D activities is also expected to fuel the market growth.