Market Overview:
A solar-powered watch has a solar cell that converts light energy into electrical energy. The solar cell's electrical energy is stored in the rechargeable battery and used to power the watch. A solar-powered watch can generate enough power to run itself not only from sunlight, but also from fluorescent light and a weak ray of light. When it comes to accurate timekeeping, solar-powered watches are probably the most dependable watches on the market. Because this type of watch will continue to run unless completely dark for an extended period of time, it does not lose time as it would if users had to change the battery every 6 months.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Timex (United States), Tissot (Switzerland), FLIK FLAK (Canada), Garmin (United States), Fossil (United States), CASIO (Portugal), Seiko (Japan), Junghans (Germany) and Citizen Watch (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Solar Watch Market Study:
Timex (United States), Tissot (Switzerland), FLIK FLAK (Canada), Garmin (United States), Fossil (United States), CASIO (Portugal), Seiko (Japan), Junghans (Germany) and Citizen Watch (United States)
Solar Watch Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | General Use and Collection |
Strap Material | Leather Strap,Polyurethane Strap,Metal Band |
Charging Source | Sunlight,Artificial Light (Lamps And Light Bulbs) |
Distribution Channel | Online {E-Commerce, Company Websites},Offline {Hypermarket, Brand Outlets, Other Convenience Stores} |
Influencing Trend:
Increase In The User Experienced Due To Design And Technological Features In The Displays Of Solar Watches
Market Growth Drivers:
Increasing Penchant For Luxury Watches And Rising Adoption Of Solar Watches
Challenges:
More Expensive Than Regular Quartz Watches and Excessive Presence Of Counterfeit Products
Restraints:
Low Awareness In Small Cities About The Solar Watches and High Cost Associated With Repair And Maintained Of Product
Opportunities:
Development And Designs In The Gender-Specific Solar Watches By Numerous Market Players and Growing the Sale of Product Online Platform
Some of the other players that are also part of study are Jinjiang Jiaxing Import and Export Co., Ltd. (China), Shenzhen Aiullain Technology Co., Ltd. (China) and Xiamen North Edge Technology Co., Ltd. (China). The Global Solar Watch market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
On 21 April 2022, Fossil has expanded its watch portfolio with the launch of its new solar-powerd watch called FB-01. The company has launched the new watch to celebrate World Earth Day and the watch is made from recycled ocean plastic.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Watch market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Solar Watch market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Watch Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.