The global Smart Watch market size is expected to reach USD 95.78 Billion in 2028 and register a CAGR of 19.1%, according to the latest report by Emergen Research.
The report analyzes the leading players of the global Smart Watch market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets.
This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Smart Watch market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The smart watch market in North America is expected to account for largest revenue share throughout the forecast period. High revenue share is attributed to factors such as rising sales of consumer electronics such as smartphones, laptops, smart watches, increasing health awareness among consumers, technological advancements in smartwatches, and increasing prevalence of chronic diseases and diabetes.
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Some key highlights in the report:
A smart watch is a wearable computing device that is capable of performing various activities such as making/receiving calls, messaging, fitness tracking, internet connectivity, weather updates, GPS tracking when paired with smartphones.
Based on the operating system, Among the application segments, the personal assistance segment is expected to account for largest revenue share over the forecast period. Rising health awareness, increasing adoption of smart devices and high usage of voice-recognition virtual assistants for monitoring daily activities are key factors boosting segment growth.
Among the product type, the standalone segment is expected to register rapid revenue CAGR throughout the forecast period. Increasing demand for smart watches with SIM cards that can receive calls and send text messages without being connected to smartphones and high usage of standalone smart watches by people engaged in outdoor activities such as travelling or hiking are key factors boosting segment revenue growth.
Samsung Electronics Co. Ltd., Fossil Group Inc., Sony Corporation, LG Electronics Inc., Lenovo Group Limited, Fitbit Inc., Garmin Ltd., Apple Inc., Huawei Technologies, Motorola, and Polar Electro Oy are major players operating in the smart watch market.
Report Objectives
Examine the size of the global Smart Watch market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Smart Watch market.
Explore the underlying dynamics of the global Smart Watch market.
Highlight significant trends of the global Smart Watch market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Smart Watch market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Smart Watch market.
Forecast the market size and share of all segments and regions in the global landscape.
For this study, Emergen has segmented the global smart watch market based on product, operating system, application, and region:
Product Outlook (Revenue, USD Billion, 2018 - 2028)
Extension
Classical
Standalone
Operating System Outlook (Revenue, USD Billion, 2018 - 2028)
Android
Windows
iOS
Others
Application Outlook (Revenue, USD Billion, 2018 - 2028)
Wellness
Sports
Personal Assistance
Health
Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Smart Watch Market Segmentation & Impact Analysis
4.1. Smart Watch Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for wireless sports and fitness devices
4.2.2.2. Increasing spending in connected ecosystems
4.2.2.3. Increasing health awareness among consumers
4.2.2.4. Rising integration of Internet of Things (IoT) in smart watches
4.2.3. Market restraints analysis
4.2.3.1. High cost of smartwatch
4.2.3.2. Concerns regarding data security and privacy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Smart Watch Market By Product Insights & Trends, Revenue (USD Billion)
Chapter 6. Smart Watch Market By Operating System Insights & Trends, Revenue (USD Billion)
Chapter 7. Smart Watch Market By Application Insights & Trends, Revenue (USD Billion)
Chapter 8. Smart Watch Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Continue…
But unlike traditional watches, smart watches have capabilities of smartphones such touchscreens, support apps, and often record heart rate of humans and other vital signs such as calories and blood pressure.
Smart watches have various connectivity technologies inbuild and in order to exchange information, it establishes connection with a smartphone in order to work to its full potential.The popular technologies by which smart watches gets connected with smartphones are Bluetooth, wi-fi and some devices also allow quick and easy setup using NFC.
Users can also capture photos remotely through their smart watches.Going ahead with the market drivers, high demand for consumer smartphones, decreasing prices, increasing per capita income and rich supply chain are supporting the market.
High investment in R by the key companies and technological advancement in the field of smartphones and smart watches are also some of the major important factor which is driving the market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/967Key Players:Martian (U.S.), Pebble (U.S.), Qualcomm (U.S.), Samsung (South Korea), Sony (Japan), Connectedevice Ltd. (Japan), Apple (U.S.), Fitbit, Inc. (U.S.), LG (South Korea), Motorola (U.S.), Huawei (China) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Smart Watch market.Industry NewsDecember, 2017, Fitbit, the leading global wearables brand, today delivers the first update to its Fitbit OS platform for a smarter, more personalized experience for Fitbit Ionic™ smartwatch users with more than 60 apps now available across a wide range of categories, 100+ clock faces, and enhanced performance.
Additionally, Fitbit is partnering with Deezer to bring its dynamic, personal streaming music service to Ionic users across the globe in 2018.October, 2017, Fossil announced the launch of its smallest hybrid smartwatches to date, featuring new products including Q Neely and, Q Jacqueline.
