New Study Report “Smartwatch Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025” Added on Wiseguyreports.com.
Introduction/Market Overview:
Global Smart watch Market to grow at Higher CAGR
As stated in a report, the global smart watch market is expected to grow in a significant way. Smart watch is a wearable technology in the form of a wristwatch and these modern smart watches function as portable media players as well which are being liked and preferred by all.
Key drivers that will fuel the growth of this market include growing demand of wireless sports and fitness devices with advanced features like heart rate monitoring and GPS tracking. Moreover, new applications and introduction of wristband, smart bracelet, wearable computer and fitness belt by leading brands will further propel the market size greatly.
Surge in the demand for wireless fitness and sports devices, increasing health awareness among individuals and foray of large number of players in this market will drive the growth of the smart watch during the anticipated period. However, higher cost of smart watch and lack of proper IT infrastructure are some of the factors that are likely to restrain growth of the smart watches in the coming years.
Important Key Players Analysis: Pebble Technology Corporation, Sony Corporation, Samsung Group, Google Inc., Apple Inc., Qualcomm Inc., Neptune Pine, Connected Device Ltd., Meta Watch Ltd., Timex Group Inc., Razer Inc., LG Electronics Inc., Sonostar Inc., and Huawei Technologies Company Ltd. and more.
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Market Segmentation
The global market for smart watch has been segregated into type and application. Based on the type, the market has been segmented into Standalone, Extension and Classic. Based on the application, the global market has been segmented into Medical/Health, Sports, Personal Assistance, Wellness and other applications.
Detailed Regional Analysis
The regional analysis focuses on the region wise developments and the global market of the smart watch has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia. On the basis of region, the North American market is projected to propel the market size which is mainly due to the introduction and sale of prominent companies’ products which has resulted in higher revenues for the companies operating in the region. Moreover, growth in e-commerce industry offer lucrative market growth opportunity for smart watch and the vendors are offering smart watch in the form of accessories to enhance the online sales of smart watches. Meanwhile, the APAC market is also emerging as an attractive market for the players manufacturing smart watches. Since smart watch is similar to mobile phone device with a touchscreen display, more number of people are using these watches instead of traditional styled watches. Moreover, increased adoption of smartphones coupled with fast internet connectivity and huge investment by the governments to build smart cities is likely to propel the growth of the global smart watch market in the coming years.
Key Stakeholders
Smartwatch Manufacturers
Smartwatch Distributors/Traders/Wholesalers
Smartwatch Sub component Manufacturers
Industry Association
Downstream Vendors
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Competitive Landscape
The growing competition among the key players and increasing demand of smart wearable technology will impact the market size in the future. Some major partnerships or product launches are likely to happen in the future which is expected to further influence the global smart watches market.
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