Smartwatch Market Research Report

 

Global Smartwatch Market

According to the GMI Research forecasts, the global smartwatch market is likely to experience high growth due to the increasing health awareness among individuals and the growing adoption of smartphones which has encouraged the end-users to opt for smartwatches over the coming years.

Request a FREE sample of this report: https://www.gmiresearch.com/report/global-smart-watch-market/sample-request

Smartwatches refers to the intelligent devices that are worn on the wrist. The smartwatches are often paired with smart devices such as smartphones through bluetooth, which acts as an information gateways, and helps in notifying about the email or application alerts to the users. The smartwatches are also used to track different type of activities including fitness tracking, replying to messages & receiving calls instantly, and connecting with people while performing different activities.

Increasing health awareness among consumers along with the growing disposable income across the globe are the two major drivers that are contributing to the growth of the global smartwatch market size. In addition to this, the accelerating adoption of smartphones and the availability of fast internet connectivity solutions are further surging the growth of the market share in terms of revenue. The strong demand for wireless sport and fitness devices is an emerging smartwatch market trend that is opening new doors for the growth of the global smartwatch market. For example, the smartwatches are being increasingly used by the swimmers, cyclers, runners gym-goers, and athletes, as it has the ability to monitor daily activities, thus allowing them to improve their performance level.

As per the smartwatch market research, numerous initiatives taken by the various governments to increase IoT technology are further driving the growth of the global smartwatch market. For example, the US is an early adopter of niche technology and is offering technical resources to support IoT with guidance on the standards development and interoperability. The compatibility issues related to operating systems is a major factor that is likely to hinder the market growth. In addition to this, the high cost of the smartwatch devices and the lack of strong internet connectivity, are further restraining the market growth. The market forecast illustrates that the outbreak of the COVID-19 pandemic has negatively impacted the market growth owing to the temporary shutdown of the manufacturing factories, which in turn, is causing delays in the production process and is one of the biggest smartwatch market threat.

Key Players of the Global Smartwatch Market:

·        Apple Inc.

·        Samsung Electronics Co. Ltd

·        Titan Ltd

·        Garmin Ltd

·        Fitbit Inc.

·        Fossil Group Inc.

·        Huawei Technologies Co. Ltd

·        Sony Corporation

·        Lenovo Group Limited

·        Huami Corporation

·        LG Electronics Inc.

Smartwatch Market Segmentation:

Global Smartwatch Market Report Segment by Product:

·        Extension

·        Standalone

·        Classical

Global Smartwatch Market Report Segment by Application:

·        WatchOS

·        Android

·        RTOS

·        Tizen

·        Others

Global Smartwatch Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. 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 helping businesses stay ahead of the curve.

Contact Us

Company Name: GMI RESEARCH

Email: enquiry@gmiresearch.com

Phone: +353 1 442 8820

Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate

City: Dublin

State: Dublin

Country: Ireland

Website: https://www.gmiresearch.com/