The global demand for Smartwatch Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Units in 2019 and foreseen to touch XX Kilo Units by 2026 with a CAGR of XX% during 2020-2026.
A smartwatch is wearable technology in the form of a watch; these gadgets have more similar features and functionality as smartphones, including mobile apps, a mobile operating system, and WiFi or Bluetooth connectivity. They are provided with a touchscreen interface for daily use, could perform basic tasks, such as calculations, digital time telling, translations, and game-playing. Smartwatches are sometimes purpose-specific, such as personal assistance, collecting data about wellness, healthcare, sports, and others or providing GPS capabilities. They may have their apps capable of gathering and tracking data about the wearer's heart rate or providing the wearer with walking or driving directions.
Factors such as rising health awareness, together with growing technology adoption, are predicted to drive the smartwatch market size. Additionally, the growing emphasis for connected devices and increasing demand for connected ecosystems further amplify the growth of the market. Smartwatches are the most known type of wearable device. Smartwatches have been grabbing user's attention as they are a hub that gives access to emails, messaging, etc. Moreover, the functioning and visibility of a traditional watch positioned it as a luxury good. Led by innovations, players are investing heavily on the R&D front. Top players are counting on their R&D investments as a prioritized strategy to increase their market shares. Players are launching smartwatches with various features include alerts, apps, notifications, media management, fitness tracking, answer messages by voice, and good battery life. However, the high cost of technology and limited battery life hinders the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of smartwatch.
The entire smartwatch market has been sub-categorized into product, application and operating system. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Operating System
- Personal Assistance
This section covers regional segmentation which accentuates on current and future demand for smartwatch market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Smartwatch Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smartwatch market include Apple Inc., Fitbit Inc., Garmin, Huawei Technologies, Fossil Group, Motorola, Sony Corporation, Samsung Electronics, LG Electronics, TomTom International, Amazon. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.