market size for smartwatches
Early smartwatch models were largely limited to the choice of widgets, which consumers can see on the display. Figures pertaining to sales and revenue generated by each product type are listed. By region, the market is analyzed across North America, ⦠The report covers data on global markets including historical and future trends for supply, market size, prices, trading, competition and value chain as ⦠The global smartwatches market is segmented on the basis of type, application and geography. Additionally, the growing smart wearable device market which generated revenues of around USD 16.2 billion in the year 2016 and is estimated to reach a value of around ⦠Annual sales of smartwatches have now reached 5.2 billion RMB. The high-end smartwatch market has also been on the rise with the introduction of software that has enabled next-generation smartwatches with a seamless wireless and touchless feature, high-end communication, digital mapping, and personal organizer. It is recommended for organizations where multiple people would like to access the report from multiple locations. For instance, Apple offers its new Apple Watch series with a 50-meter water resistance capability, a dual-core processor, and a two-time brighter display feature. 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Players in the smartwatch market have been increasingly investing in the design and development of economic products equipped with all basic smart features, which is suggestive of the potential growth of the classic smartwatch market during the forecast period. According to industry experts, the Smartwatches market is projected to register a yearly growth rate of XX% over the forecast timeframe (2020-2025). Therefore, the segment holds a huge growth potential for the players operating in the market. What are the key players leveraging Smartwatches market growth? Wearable Technology Market by Product, Application | COVID-19 ⦠Operational areas and manufacturing units of the listed companies are unveiled in the study. At present, the use of smartwatches are increasing rapidly amongst the athletes, swimmers, gym-goers, runners, and cyclists, which drives the demand for smartwatches ⦠In addition, it provides concise information on the long-term implications of COVID-19 pandemic for a stronger realization of the growth prospects. Industry Insights. Moreover, the study unveils the shares and size of the markets as well as sub-markets. Health and fitness are unquestionably the most ideal paths to lead a complacent and happy life, forget about the fickle affluence. Market share captured by each product category is given. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size ⦠The latest report on Smartwatches market offers thorough analysis of the key trends and predicts the future amplitude for expansion of this business space. This report is an essential reference for who looks for detailed information on Global Smartwatches market 2020 To 2025. It is recommended for a single user. Smartwatches Market Size, Share, Future Road-map, Technological Innovations & Growth Forecast To 2027. rmoz February 19, 2021. The global smartwatches market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Wearable Display Market Size, Growth, Trend and Forecast to 2023 ⦠Updated On: March 27, 2019 Bilal Ahmad. Growing companion device demand is expected to give impetus to demand for smartwatches. These smartwatches are increasingly becoming popular among consumers (especially in the age group 15‒35 years) who like to track and maintain their personal health and fitness schedules. Smartwatches: What Is The Market Size Of Smart Watches? The smartwatch market had a shipment of 68.6 million unit shipment in 2020 and expected to reach 157.2 million by 2026 and grow at a CAGR of 14.5% over the forecast period (2021 - 2026). Our customers partner with Market Study Report, LLC. The rapid emergence of technology has made people more conscious about their health and fitness. Additionally, it touches the segmentation study provided in the report based on the type of product and applications. Smartwatch Market Overview The global smartwatch market valued $10,223.9 million in 2017, is forecasted to witness a CAGR of 22.7% during 2018 - 2023. By continuing to use this site you consent to our use of cookies. Wearables 2019 - Insider Intelligence Trends, Forecasts & Statistics Smartwatches Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016â2024 Category: Semiconductor & Electronics Report Format : PDF ⦠All Rights Reserved. The report covers data on global markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as global major vendors information. Smartwatches market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Smartwatches market and study objectives. In addition to the data part, the report also provides overview of Smartwatches market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. By application, it is divided into personal assistance, wellness, healthcare, sports, and others. It is recommended for up to five users. An estimated 2.1 million units of smartwatches were manufactured and sold in the year 2013 with the new generation in mobile technology, and around 85 companies sold 7 million smartwatches across the world in 2014. The global smartwatch market is expected to grow at a CAGR of 25.78% during the forecast period, 2019â2026 The acknowledgment that health is the only wealth steals the thunder of all the worldly possessions. The global smartwatch market is segmented on the basis of product, application, operating system, and region. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches The shipment volume of smart wearables globally stood at 266.3 million units in 2020 and is projected to reach 776.23 million units by 2026, registering a CAGR of 19.48% during the period of 2021-2026. Smartwatches market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators. There are a moderate number of regional and international players that offer different products and services in the smartwatch industry, which makes the intensity of rivalry moderate. Statistical coverage of pricing model, sales, net revenue, and operating profits of each participant is hosted in the document. Extension smartwatches have been contributing the highest revenue to the global market, with over 50% share in 2017. Request details of updated version of the report. A smartwatch may be defined as a portable device that's designed to be worn on a wrist. It is smart because of its Bluetooth connectivity feature but resembles a normal mechanical watch with added functionalities, such as a heart rate tracker and a calorie (burned) tracker. In the first several years after the birth of the smartwatch, the number of brands in this market boomed from 20 to 47 in 2014, alone. According to a new report just published on the smartwatch market from NextMarket Insights, the smartwatch market is forecast to reach a total of ⦠The global market was estimated to be valued at USD 702.5 million in 2013, with ⦠The ability of smartwatches to seamlessly integrate day-to-day, health-related activities into an application-based module, which is accessible from a smart device such as smartphone or tablet, is adding to their popularity in the segment. is the platform that can help you in achieving any of these objectives. With increase in the demand for high-end smartwatches that are equipped with not only smartphone capabilities but also waterproof and shockproof features, companies operating in this market are putting their efforts toward introducing better scope for customization in their offerings. For instance, Huawei, in September 2017, launched its classic versions of smartwatches for customers, particularly in India, who have been demanding economic smartwatches equipped with all smart features, at a pocket-friendly price. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities. This can be majorly attributed to the introduction of next-generation smartwatches than can be used as an extension to smartphones or related devices. © 2021 Prescient & Strategic Intelligence Private Limited. The report will be delivered in PDF format along with printing rights and detailed Excel sheet. The Chinese market is the largest smartwatch market in the world. Besides, additional innovative applications such as tracking, alerts, and connectivity, which are compatible with extension smartwatches, have garnered consumer interest in recent years. Smartwatch Market Size, 2018 - 2021 The chart above shows the Global 1 . What will be the value of Smartwatches market during 2020- 2025? Business overview of the major companies is contained in the study. Hybrid smartwatch, which is a fusion of traditional mechanical watch and a smartwatch, is creating a huge opportunity for players in the smartwatch market. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Estimates for growth rate of each region based on the consumption value and volume are enumerated. Further, the outlines the competitive hierarchy of the leading players and sheds light on popular business tactics to help stakeholders elevate their standing in the marketplace. Which region will make notable contributions towards global Smartwatches market revenue? This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.