Global Smartwatch Industry
New Study Reports “Smartwatch Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.
A smartwatch is a wearable device that offers various features and benefits to its users and works as companion devices with the smartphones. It requires pairing with the smartphones using wireless technology such as Bluetooth and NFC. Smartwatches are widely used in tracking activities in sports, medical application for monitoring heart rate and pulse rate. Furthermore, smartwatches also be used as GPS devices, fitness tracker and accessing notification from smartphones. The global Smartwatches market is anticipated to grow with a CAGR of 21% during the period 2017-2022. Increasing internet penetration across the globe, growing trend of smartphones and growth in IoT technologies are estimated to be the key motivators of the market. Moreover, technological advancement, changing the technological preference of young population and increasing interest of multinational companies in the smartwatch market are also estimated to be the major factors that are contributing significantly towards the growth of the smartwatch market across the globe.
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However, there are certain factors that are hindering the growth of the market. Lack of fully developed application system and limited battery life and limitation on the size of power source are the major constraints in the growth of the Smartwatches market. Besides these constraints, fall in the price of Smartwatches and cross-platform are estimated to develop numerous growth opportunities for the market during the forecast period.
Global Smartwatches market is studied in detail on the basis of critical criteria such as products, operating systems and applications. On the basis of the product, the market is segmented into classic smartwatch, fitness band smartwatch, and standalone smartwatch. On the basis of the operating systems, the market is bifurcated into android, IOS, windows and others. And on the basis of the applications, smartwatch market is segmented into medical/ health, personal assistance, sports, wellness and others.
Key vendors of the smartwatch market are Alcatel, Apple Inc., Asus, Casio, Connected devices Ltd., Fitbit, Fossil, Garmin, Google inc., LG, Martian watches, Meta watch Ltd., Motorola, Neptune computer inc., Nike, inc., Pebble, Qualcomm inc., Samsung electronics co. ltd., Sony Corporation, TAG Heuer, Timex group, Tissot and so on. In 2017, Apple launched a new apple series 3 smartwatch featuring OS4, improved exercise tracking system, and decent battery life than series2.
Smartwatch Industry Regional Analysis
By region, the Global Smartwatch Market report has been geographically segmented into five regions- North America, Europe, Latin America, the Asia Pacific, & the Middle East & Africa (MEA). A detailed research coupled with a thorough study, has been carried out for creating the report. Multiple factors have been taken into consideration like the environmental, social, economic, political, and technological status. It also provides a detailed study on the eminent manufacturers, the revenue concerning every region, segment-wise data, both global & regional, the production, chief influencing factors, and vital data.
Smartwatch Market Research Methodology
Various primary and secondary sources have been utilized during the course of this study. This study has been performed according to the Porter’s Five Forces parameters. Besides, bottom-up & top-down methods too have been conducted. Top-down methods are also used to assess the numbers of the market for each product category, while the bottom-up method has been used to counter validate the estimations of the market. Company profiles of leading players have also been offered with various research methods such as market shares, splits, & breakdowns to offer a precise estimation of the size of the Global Smart Lighting Market.
Global Smartwatch Industry Key Players
The final section provides a detailed competitive landscape along with the market share of the company and the performance to provide the industry players dashboard view who are operating in the Global Smartwatch Market coupled with the various business strategies which they have incorporated to create a niche in the market such as mergers, acquisitions, geographic expansions, contracts, strategic alliances, joint ventures, collaborations, partnerships, to name a few.
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Some points from table of content:
1.1. RESEARCH METHODS AND TOOLS
1.2. MARKET BREAKDOWN
1.2.1. BY SEGMENTS
1.2.2. BY GEOGRAPHY
1.2.3. BY STAKEHOLDERS
MARKET OVERVIEW AND INSIGHTS
2.2. ANALYST INSIGHTS & CURRENT MARKET TRENDS
2.2.1. KEY FINDINGS
2.3.1. UNITED STATES
2.3.2. EUROPEAN UNION
2.3.5. REST OF THE WORLD
3.1.1. INCREASING INTERNET PENETRATION
3.1.2. GROWTH IN SMARTPHONE AND IOT TECHNOLOGIES
3.1.3. CHANGING TECHNOLOGICAL PREFERENCE OF YOUNG POPULATION
3.1.4. TECHNOLOGICAL ADVANCEMENT
3.1.5. ACCURATE AND EFFICIENT SENSOR TECHNOLOGIES
3.1.6. EASY PAIRING AND SYNCHRONIZATION
3.2.1. BATTERY LIFE
3.2.2. COMPETITIVE MARKET
3.3.1. CROSS PLATFORM AND AFFORDABLE WATCHES
4.1. GLOBAL SMARTWATCH MARKET BY PRODUCT
4.1.1. CLASSIC SMARTWATCH
4.1.2. FITNESS BAND SMARTWATCH
4.1.3. STANDALONE SMARTWATCH
4.2. GLOBAL SMARTWATCH MARKET BY OPERATING SYSTEMS
4.3. GLOBAL SMARTWATCH MARKET BY APPLICATIONS
4.3.2. PERSONAL ASSISTANCE
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