Smartwatch Market Size Research Report

 The Global Smartwatch Market is experiencing significant growth over the forecast period. This is attributed to increasing disposable income across the globe, availability of fast internet connectivity solutions, rising health awareness among consumers, and expanding adoption of smartphones.

Request Sample Report of Global Smartwatch Market: https://www.gmiresearch.com/report/global-smart-watch-market/sample-request

The augmenting disposable income and the growing health consciousness among individuals throughout the world are some of the major factors stimulating the growth of the global smartwatch market. Also, the expanding adoption of smartphones and fast-internet connectivity solutions are promoting smartwatch market size. The accelerating demand for fitness and wireless sports devices will further drive the market growth. For example, smartwatches are being preferred by cyclers, runners, gym-goers, swimmers, and athletes, because of their capability to monitor daily activities, thus enhancing their performance level.

Government initiatives to support IoT technology also aids in fuelling the global smartwatch market. For example, the US is an early adopter of niche technology and provides technical resources to support IoT along with instructions on the standards development and interoperability. As per the smartwatch market research, the compatibility issues concerned with operating systems are likely to hamper the global smartwatch market's growth. The huge cost related to the smartwatch devices, and the inadequacy of strong internet connectivity, also act as a constraint in the growing demand of the market. The widespread COVID-19 pandemic is also predicted to harm the market because of the temporary shutdown of the manufacturing factories, resulting in delays in the production process. According to the smartwatch market trends, the market is expected to recover and show remarkable growth from 2021.

Know more about the Global Smartwatch Market: https://www.gmiresearch.com/report/global-smart-watch-market/

On the basis of product, the standalone segment is projected to expand at a higher CAGR during the forecast period attributing to advanced features like wireless operations, sim card acceptance, and access capability for the internet. Furthermore, the growing demand for an intelligent-based device to monitor daily activities is supporting the smartwatch market share.

Based on application, the health segment is anticipated to grow at a faster CAGR over the forecast period. The people with certain diseases, along with the health-conscious, are largely choosing these smartwatches to track their physical activities and the number of calories burned in a day.

Based on the regional coverage, North America is predicted to witness a higher CAGR during the forecast period due to the rapid innovations in wireless network infrastructure. Moreover, other factors including the early adoption of technology and the emergence of built-in LTE smartwatches are bolstering the market's growth.

Various key players in the market include 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, and LG Electronics Inc.

The global Smartwatch market has been segmented on the basis of Product, Application, Operating System, and key regions. Based on product, the market is segmented into Extension, Standalone, and Classical. Based on Application, the market is segmented into Personal Assistance, Wellness, Healthcare, Sports, and Others. Based on Operating System, the market is segmented into WatchOS, Android, RTOS, Tizen, and Others.

Smartwatch Market Segmentation:

Global Smartwatch Market by Product:

  • Extension
  • Standalone
  • Classical

Global Smartwatch Market by Application:

  • Personal Assistance
  • Wellness
  • Healthcare
  • Sports
  • Others

 

Global Smartwatch Market by Operating System:

  • WatchOS
  • Android
  • RTOS
  • Tizen
  • Others

Global Smartwatch Market by Region:

  • North America Smartwatch Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by Application
    • North America Market by Operating System
    • United States Smartwatch Market
    • Canada Smartwatch Market
  • Europe Smartwatch Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product
    • Europe Market by Application
    • Europe Market by Operating System
    • UK Smartwatch Market
    • Germany Smartwatch Market
    • France Smartwatch Market
    • Spain Smartwatch Market
    • Rest of Europe Smartwatch Market
  • Asia-Pacific Smartwatch Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Operating System
    • China Smartwatch Market
    • India Smartwatch Market
    • Japan Smartwatch Market
    • Rest of APAC Smartwatch Market
  • RoW Smartwatch Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product
    • RoW Market by Application
    • RoW Market by Operating System
    • Brazil Smartwatch Market
    • South Africa Smartwatch Market
    • Saudi Arabia Smartwatch Market
    • UAE Smartwatch Market
    • Rest of world (remaining countries of the LAMEA region) Smartwatch Market

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. 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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more