China's Smart Watch Industry Development Status

In 2021, the global economy gradually recovered, the demand for smart watches rose, and the global shipment exceeded 100 million pieces, an increase of 1.28%. The rise of the smart watch market has inspired the innovative ideas of leading enterprises in the industry. With the combination of intelligent voice, remote photography, intelligent positioning, mobile payment and other functions with smart watches, some product functions are comparable to smart phones, and its advantages such as fitting the human body, freeing hands, portable and small make its consumer groups expand and consumption increase. In the half year of 2023, the global smart watch shipment was 68 million pieces, which has exceeded the average level of previous years.

Smart watch, is the watch built-in intelligent system, equipped with smart phone system and connected to the network to achieve multi-function, can synchronize phone calls, SMS, mail, photos, music and so on. With the development of mobile technology, many traditional electronic products have also begun to add mobile functions, which can be connected to the Internet through smart phones or home networks, with the function of displaying news, weather, information, connecting calls, etc., while also adding the function of measuring heart rate, lung capacity, monitoring sleep time, to-do list reminder, etc. These products provide a variety of services to improve the quality of life of consumers when they are not convenient to use or do not know how to use a smartphone.

In the past 10 years, China's Internet technology has made rapid progress, Internet communication has become an inseparable part of People's Daily life, smart watches with more portable, smaller and other advantages in the national daily life penetration rate gradually increased, smart watches to Unicom Internet real-time processing information data, optoelectronic devices play a leading role.

China's smart watch Internet communication, LED display, NFC, heart rate detection and other functions are inseparable from optoelectronic devices. In 2019, the output of optoelectronic devices in China was 1,089.92 billion, down 12.4% year-on-year; Growth resumed in 2021, with the output reaching 1231.41 billion, up 24.1% year on year; From January to July 2023, the output of optoelectronic devices in China was 801.06 billion, an increase of 4.6% over the same period in 2022.