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A Smartwatch is a wearable system in the form of a wristwatch. Today smartwatch is tending device for many consumers because of its flexibility to sync with the smartphones and integrate its functions. The main advantages are, we can access the applications of the smartphone through the smartwatch very easily, Bluetooth connectivity. Some smartwatches have an option to work as a portable media devices and can produce music and playback the files and videos via Bluetooth. Some models of smartwatches are called as “Watch Phone’ which functions as a smartphone.
SmartWatch Market Size & Growth:
SmartWatch Market size is projected to reach approximately USD 13.08 Billion by the end of 2024 with a CAGR of close to 22.14% from USD 3.61 Billion in 2017 during the forecast timeline 2018-2024. Advancement in the technology and decrease in the chip size making the instrument more flexible and compact allow accessing more data and store it with a single click. This flexible property is making the product receive more spectators and imagined to grow a lot more than expected. Another function of the Smart Watches driving the market its feature to monitor the heartbeat, BMI, Number of steps an individual covered concerning time, speed and calories burnt. This new feature is making the consumers attract who are very keen on their health-related issues and can continuously monitor their status and in turn increasing the market growth. There is a frequent decrease in the cost of android smart watches with the release of new product in that stream; this concept is making more consumers want to buy this smartwatch thus increasing the market size. In this generation, the data connectivity is very mandatory to be up to date with the world, and these smartwatches lack data connectivity being the first restraint, the lifespan of the
SmartWatch Market Report Segments Share:
By type, the SmartWatch Market is segmented into Extension SmartWatch, Standalone SmartWatch, Hybrid SmartWatch. Among these Extension Smart Watches has contributed the highest revenue to the market with over 50% share in 2017. This is because of the extensive use and features to connect the smartphone to the personal smartphone and experience the integrated features. In addition, the tracking, alert, and connectivity which is compatible with extensive smartphones are further increasing the sales of the smartwatch market. In coming future the standalone smartwatches are expected to get more investors because of the recent massive sales in Samsung Gear S3. The SmartWatch Market is segmented on the basis of the operating system (OS) and those are as follows WatchOS (iOS), Android /Android Wear, Linux, Pebble OS, RTOS, Tizen, among these the WatchOS (iOS) is contributing the highest revenue over 40 % in the smartwatch market it is because of the Apple’s smartwatch OS has grown in such a way that this innovation has took a long leap ahead of many companies and became trend. During the forecast period, the Tizen is expected to grow very quick. And further, the Smartwatch Market is segmented on the basis of the age group that is 3-14 Years, 15-24 Years, 25-34 Years, 35-54 Years, 55+ Years. In detailed, the smartwatch market is segmented on the basis of the price range that is high, medium, low pricing. Based on the application/ end-user the market is segmented into Medical/Health, Personal Assistance, Sports, Wellness, and Others among these the personal assistance vertical has the highest shipment records. Geographically the Smart Watch Market is segmented into North America, South America, Europe, Middle East and Africa, Europe, Asia Pacific regions. North America being a country of having a prominent company like Apple and Samsung for the introduction and sale of their products, a huge amount of revenue is generator as compared to any country on the Earth.
SmartWatch Market Report Trends:
SmartWatch Market Report Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Global and Regional Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
Along with these companies, there were many other companies considered/cited in the report while analysing the Smart Watch Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base
Othersamong these the
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