Nevada News Reporter

Smartwatch Market

Global Smartwatch Market: Demand Analysis and Growth Forecast

A smartwatch is a device which is very similar to the mobile phone having a touchscreen display with various applications in it, through which a person can easily access his mobile through Bluetooth. And, the innovation is ripe to offer plentiful profits to able players, according to the findings of the newly published market research report by IndustryARC titled “Smartwatch Market: By Product Type (Extension, Classic & Standalone Smartwatch); By Application (PA, Wellness, Medical/ Health, Sports); By Operating Systems (iOS, Android, Windows) & By Region – Forecast (2019 – 2025).” The analysts have valued the global smartwatch market size at around $7 to $10 billion as of 2018 and projected the demand to multiply at a CAGR of 14% to 16% during the forecast period of 2019 to 2025.

View Full Table of Contents of Smartwatch Market:

https://industryarc.com/Report/16333/smartwatch-market.html

Wearable in the form of a wristwatch can track various activities which are more enhanced than only digital time telling and peripheral devices such as digital camera, thermometers, and accelerometers. 2018 was the year for the smartwatch market, especially with new fitness trackers. There has been significant growth in the emerging smartwatch market, which potential demand coming from the healthcare industry, paving a way to efficient care at a cheaper cost as it can expeditiously detect the increased blood pressure and heart rate immediately.

Global Smartwatch Market: Leading Segments

North America has remained the dominating region for the smartwatch market ever since it was invented in Japan. The smartwatch market has reached from a high-tech niche market to the fixture of the watch industry. The percentage of North America’s population using smartwatch is expected to take a remarkable leap in terms of its revenue and consumption.  The regional share is more than 34% to 35% globally, with the healthcare application CAGR of 15% to 17% during the forecast period of 2019 to 2025.

Global Smartwatch Market: Market Trends and Growth Drivers

• Smartwatches Inching Towards Medical Devices

Healthcare is driving the next gesture of growth in the smartwatch market. Continuous improvements in the smartwatch market are the main key driver that is mentioned above about the heartbeat and blood pressure. In 2018, Apple Inc. decided to innovate the device with more accurate readings of the heart and blood pressure. It is a strategy to make people “want” a smartwatch. They have tagged themselves as “the ultimate devices for a healthy life”. According to Phys.Org, Apple Inc. shipped around 18 million watches in 2017.

• Fitbit Detecting Health Conditions

Fitbit is working towards the next step of technological advancement in the smartwatch market. Fitbit has recently gone ahead for expansion for clinical validation and regulatory permissions towards detecting health conditions such as sleep apnea and atrial fibrillation. Fitbit has recently launched the latest Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace2.

Global Smart Watch Market: Competitive Landscape

Some of the key companies identified in the report that is currently holding majority shares in the global smartwatch market are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corporation, Samsung Electronics, LG Electronics, and Huawei Technologies Co. Ltd.

Talk to one of our sales representative about the full report by providing your details in the link below:

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Related Reports:

Wrist Wearable Devices Market

https://industryarc.com/Report/167/wrist-wearable-devices-market-analysis-and-forecast.html

Bluetooth Low Energy Market

https://industryarc.com/Report/187/bluetooth-smart-market-forecast.html

What can you expect from the report?

The Smartwatch Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Smartwatch Market Size by Product Categories & Application
2. Smartwatch Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Smartwatch Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Smartwatch Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Smartwatch Market Strategic Analysis
18. Smartwatch Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Smartwatch Market Revenue and Volume Analysis

Frequently Asked Questions:

Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

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About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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