Pine is working on a watch but by no means will they be eating the market.
A jailbreak on the Garmin devices that enabled Fenix Pro features on the entry-level models would also eat the market.
I actually played with the TI 430-Chronos smartwatch development platform [2] a few years ago, but all the interesting features to me are tied to GPS.
Note: I currently am coveting the Fenix 6 Pro for my hobbies and covering it for hitting the right point in the Casio-F91 to smartphone-on-my-wrist continuum. I just wish some of its software features were available cheaper.
[1]: https://www.joelonsoftware.com/2004/12/15/camels-and-rubber-...