smartwatch market analysis
The report on Smartwatch Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Smart watches are typically used as a companion device. DUBLIN, DUBLIN -- -- 03/03/2021 -- Smartwatch Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)Key Drivers The global smartwatch market is predicted to witness an upsurge in demand during the forecast period due to the rising disposable income and growing health awareness among consumers. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market … The number of coronavirus cases have increased exponentially and there are no substantial measures to counter the worldwide epidemic. Security Policy | Terms of Service | Privacy Policy | Report Abuse, Smartwatch Market Share, Size, Trends Analysis & Industry Forecast Report, 2020-2027, Request for a FREE Sample Report on Smartwatch Market, Copyright © 2005 - 2021 - SBWire, a service of ReleaseWire LLC. GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. Nowadays, the strong demand for wireless sport and fitness devices is the emerging smartwatch market trends that will further stimulate the growth of the global smartwatch market share in terms of revenue. Our coverage is all-encompassing – explore our comprehensive coverage of varied industries and categories, Latest news, views, and press releases – explore our media section and connect with us. On the basis of regional analysis, the global smartwatch market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. China is a major technology manufacturing hub, particularly for smart technology and electronics. The face of a smart watch is usually a touchscreen. Global Smart Watch market is projected to grow at a significant rate during the forecast period. o Spain The shipment of Apple smartwatch has increased by 36% since 2018. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve. An operating and app ecosystem allows users to install several apps. This is attributed to the rising disposable income, growing health awareness among consumers, high adoption of smartphones, and the easy availability of fast internet connectivity solutions. This pause in business operations is directly affecting the revenue flow of the global market. As per the smartwatch market statistics, the increasing initiatives taken by multiple governments to fuel the IoT technology are also surging the growth of the global smartwatch market. o Rest of APAC In 2018, the integrated segment had a significant market share, … Key players are Apple Inc., Fitbit Inc., Samsung Electronics Co. Ltd, among others. Smartwatch Market 2019-2023: Vendor Analysis We provide a detailed analysis of vendors operating in the smartwatch market, including some of … The technology market has faced many difficulties due to COVID-19 pandemic which lead to a massive impact on the global economy. The largest online retailer, Amazon is also struggling to cope with this crisis.COVID-19 crisis has forced several companies in the smart watch marketplace to halt their manufacturing activities in order to fulfil the government rules. Led by inventions, smart watch manufacturers are investing heavily on the R&D activities. Following North America, Europe is projected to have significant share in the global Smart Watch market. The prominent players are collaborating with resellers and suppliers to penetrate in the market through the right selection of the channel, region, and target customers. - Sony Corporation Some of the key participants identified in the global Smart Watch market are: The Smart Watch research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. The smartwatch market is a fragmented market, and therefore companies are banking on product innovation and product development to gain an edge and the number of local players. For example, the US is an early adopter of niche technology and is offering technical resources to favor IoT with guidance on the standards development and interoperability. Smartwatch Market is expected to rise to an estimated value to grow with the healthy CAGR of 17.7% in the forecast period of 2019-2026. Segmentation by Product: o Rest of the world (remaining countries of the LAMEA region) The smartwatch market stood at US$ 12.45 Bn in 2017 and expected to grow at a CAGR of 16.4% during the forecast period from 2017 to 2026. - Fossil Group Inc. o UAE Additionally, the high cost regarding the smartwatch devices, coupled with restricted strong internet connectivity, are the factors hindering the growth of the smartwatch market. Segmentation by Region: o Rest of Europe by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights, By submitting, you confirm that you agree to our Privacy policy, Future Market Insights, - Tizen Cognitive Market Research provides detailed analysis of Smartwatch in its recently published report titled, "Smartwatch Market 2027". It has a huge dependency on Chinese industry. Furthermore, the strong demand for an intelligent-based device for tracking daily activities is further energizing the growth of the market. According to a recent report published by Allied Market Research, titled, “Smartwatch Market By Product, Application, and Operating System: Global Opportunity Analysis and Industry Forecast, 2020-2027”, the global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027. Similar to smartphones, smart watches use touchscreens, offer apps, and often record heart rate and other vital signs. Companies which are mainly dependent on Chinese imports are suffering many setbacks and challenges. Latin America and Middle East & Africa are anticipated to witness moderate growth rate during the forecast period. o Brazil Segmentation by Application: Comprehensive analysis of factors that drive and restrict the Smartwatch market growth is provided. How is big is the global smartwatch market size? - WatchOS o United States of America - Samsung Electronics Co. Ltd The comprehensive Smartwatch Market report carries out an assessment of the expansion rate and therefore the market price of Smartwatch Market industry supported market dynamics and growth inducing factors. Smartwatch Market's leading Manufacturers: Based on the region, North America is anticipated to rise at a higher CAGR over the coming years due to the US's continuous developments in wireless network infrastructure. - Asia Pacific By application, it is divided into personal assistance, wellness, healthcare, sports, and others. Growing awareness on personal health and fitness and rise in smartwatch-controlled automotive capabilities are the key factors driving the growth of this market, globally. - Lenovo Group Limited For instance, more than 10,000 apps are currently available for iOS and more than 4,000 apps for Android. o Canada The outbreak of the COVID-19 pandemic has negatively influenced the demand of the market due to the shutdown of the manufacturing factories, thus leading to delays in the production process. Our analysis also considers the sales of the smartwatch in APAC, Europe, North America, South America, and MEA. Moreover, the factors accelerating the growth of the smartwatch market are the high adoption of technology and the introduction of build-in LTE smartwatches. That same year’s shipments amounted to over 2 million units. - North America The Smart Watch research report provides analysis and information according to market segments such as geographies, product type, application, aircraft brake type, and sales channel. Smart Shoe Market Posted Wednesday, March 03, 2021 at 6:04 PM CST - Permalink. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. Based on the product, the standalone is predicted to increase at a higher CAGR over the coming years due to its advanced features, including sim card acceptance, wireless operations, and access capability for the internet. Asia Pacific is estimated to grow at a significant growth rate owing to high penetration of smart phones in the region. Since then, the demand for smart watches has cooled as consumers wait for better functionality. | Profile, Source: GMI RESEARCH PVT LTD Smart watches provide the greatest benefits when they are connected to the Internet and Bluetooth. The … o China The global smartwatch market posted a healthy 20% revenue growth in H1 2020 despite the COVID-19 pandemic and shipments remaining flat compared to the same period last year, according to the latest research from Counterpoint’s IoT service. 2. They are one of the latest developments in the evolution of information technology. For example, smartwatches are being preferred by runners, gym-goers, cyclers, athletes, and swimmers due to their capability to monitor daily activities, thus aiding in improving their performance level. - Personal Assistance Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market … The Smart Watch market report also maps the qualitative impact of various market factors on market segments and geographies. 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. Jumeirah Lakes Towers, Dubai, Smartwatch Market Analysis In 2013 the global smartwatch market’s estimated value was 702.5 million. - Android - Extension The market conditions (2015-2019), corporate competition pattern, corporate SWOT analysis are elaborated, and other qualitative analyses like market dynamics, market penetration, market business environment analyses, the regional regulatory scenario in the Smart Watch market will be shown in this report. o Saudi Arabia - Titan Ltd The slightly late entry of Apple smart watch into the market can be a great challenge to prove itself in the market. To Know More About Smartwatch Market Top players such as Apple, Samsung, Maritime, Sony, and Pebble are counting on their R&D spending as a prioritized strategy to increase their market shares in the global market. According to smartwatch market analysis, Apple shipped 31 million units of its smartwatches in 2019, which is expected to be 50% more than the entire Swiss wrist watch industry. - Classical The Smart Watch market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The increase in data dependency among end users and huge investments in building smart cities by the government of various countries are the key success areas that bolster the demand for smart wearable devices. - Sports Smartwatch Market Segmentation: - Europe Regional Drivers o United Kingdom 1. Business Smartwatch Market 2021 Industry Analysis by Manufacturers, End-User, Type, Application, Regions and Forecast to 2027|| Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19 | - Huami Corporation a variety of steps are used while … A smart watch is a wrist-worn wearable electronic device that offers features far beyond those of a conventional watch. For information regarding the content of this press release please contact the media relations contact listed above directly. Facto Market Insights (FMI), added a title on “Smartwatch Market – 2020-2025” to its collection of market research reports. It also contains projections using a suitable set of assumptions and methodologies. Email | Web About GMI Research A smartwatch may be defined as a portable device that's designed to be worn on a wrist. The Market Analysis entails a section solely dedicated for Major Players in the Global Kids’ Smartwatch Market wherein our analysts provide an insight to the financial statements of all the major players along with its key developments product bench-marking and SWOT analysis. Additionally, rising emphasis on connected devices and smart systems among several industries, and growing demand for connected ecosystem are projected to offer significant opportunities for smart watch market globally. The global COVID-19 epidemic has caused severe disruption in the various regions across the globe. - RTOS o France The technology market in North America will be the most disturbed. The compatibility concerns regarding operating systems will hamper the market growth. Segmentation by Operating System: o Germany Get more information on this report : Request Sample Pages On the basis of operating system, the market is categorized into watchOS, android, RTOS, Tizen, and others. The global smart watch market can be segmented by operating system, application, sales channel, and region. - Others The global smartwatch market is predicted to witness an upsurge in demand during the forecast period due to the rising disposable income and growing health awareness among consumers. o South Africa Smartwatch Market may be a professional and a meticulous report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. - Apple Inc. Online retailers are struggling to dispatch products effectively. Product Segment Drivers United Arab Emirates, Copyright © Future Market Insights. The global market size, share along with drivers and restraints are covered in the smartwatch market report All Rights Reserved, How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival, Radiation Dose Optimisation Software Market, Custom & Syndicated Market Research Reports, Competitive Intelligence | Ethical & Unbiased, Consulting | Unparalleled Business Intelligence, Current Trends/Issues/Challenges in Smart Watch Market, Smart Watch Competition & Companies involved, Latin America (Mexico, Brazil, Argentina, Chile, Peru), Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe), Asia-Pacific (China, India, ASEAN, South Korea), Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel), Historical, current and projected market size in terms of volume and value, Strategies of key players and products offered, Potential and niche segments, geographical regions exhibiting promising growth, A neutral perspective on market performance, Must-have information for market players to sustain and enhance their market footprint. - Garmin Ltd It is need to be paired with a smartphone through Bluetooth and NFC (near-field communication) technologies. FMI delivers personalised research services by deploying a broad spectrum of research databases, resources, and methodologies. DUBLIN, DUBLIN -- (SBWIRE) -- 03/03/2021 -- Smartwatch Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis) o Japan Furthermore, the high adoption of smartphones and the easy availability of fast internet connectivity solutions will further boost the growth of the smartwatch market size. Plot No: JLT-PH2-X2A, The market segments are identified and analyzed keeping in mind the Smartwatch market ecosystem as a whole. - Huawei Technologies Co. Ltd Smartwatch Market Insights One of the latest trends that will gain traction in the smartwatch market is the increasing integration of haptics technology, which is a standard feature that is used for alerts and notification purposes. - RoW The GMI Research's latest analysis reveals that the Smartwatch Market is slated to register a significant CAGR over the forecast period. Request for a FREE Sample Report on Smartwatch Market The global smartwatch market is segmented on the basis of product, application, operating system, and region. 1602-6 Jumeirah Bay X2 Tower, We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. North America is estimated to account for largest share in the global Smart Watch market owing to the rising fitness activities and health consciousness among end-users in the U.S. and Canada.