NEW YORK, October 24, 2016 /PRNewswire/ --
Smartwatch, a computerised wristwatch enables user to run mobile applications via a mobile operating system, answer phone calls, etc. Smartwatch not only can be used for various applications such as personal assistance, wellness, and so on, but also act as a portable media player playing digital or FM audio via a Bluetooth or USB headset. Smartwatch market would emerge as one of the fastest growing market in smart wearable market, growing on the back of increase in popularity among smartphone users and anticipated decline in Average Selling Prices (ASPs).
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Global Smartwatch Market: Outlook
Smartwatch market is witnessing exponential growth on the back of rising popularity among smartphone users due to its extended functionalities beyond timekeeping, rise in demand for fitness and sports devices, growth in number of health conscious people, and so on.
The smartwatch market is majorly dominated by key players, such as Apple, Samsung, LG, Lenovo, Garmin, etc., however with growth in entry of new players offering low-cost smartwatch, the market is posed to witness rapid adoption in Asia and other developing countries.
Global Smartwatch Market: Key Drivers
Over the past few years, smartwatch has witnessed rapid adoption among high-end smartphone users. With easy availability of low-cost smartwatch across world coupled with growth in number of smartphone users, increasing health and fitness awareness among people, rise in demand for wireless health monitoring devices, increase in technological advancements, and so on.
Various companies, such as TAG Heuer, Fossil, Swatch, Titan and so on has already announced expansion of their product portfolio in smartwatch segment, offering style and technology to brand conscious people, which is positively propelling growth of smartwatch market, worldwide.
Global Smartwatch Market: Emerging Trends
Smartwatch market, being one of the highest revenue generating market among smart wearable, is witnessing high traction due to continuous innovation in smartwatch designs and development of mobile application download ecosystem. Moreover, rising number of smartphone users coupled with easy availability of low cost android smartwatches would emerge as one of the fastest growing trend in developing nations, worldwide.
Further, growth in awareness and rising trend of connected devices among users is rapidly fuelling demand for high-end and well as low cost smartwatches for health monitoring, hands-free entertainment via Bluetooth or USB headset, navigational systems, and so on.
Global Smartwatch Market: Segmentation
The Global Smartwatch Market can be segmented on the basis of Type, Operating System, Application,and Region.
Based on the Type, the Global Smartwatch Market can be divided into the following segments:
Based on the Operating System, the Global Smartwatch Market can be divided into the following segments:
Based on the Application, the Global Smartwatch Market can be divided into the following segments:
Based on the Region, the Global Smartwatch Market can be divided into the following segments:
Global Smartwatch Market: Key Players
Leading players in the Global Smartwatch market include Apple, Mota Electronics, Fitbit, Garmin, Lenovo, Huawei, Samsung, LG Electronics, Sony Corporation, Nike, etc.
Information on these key players is covered in the Global Smartwatch Market report. The report provides detailed company profiles including key segments including business segments, product offerings, financial facts and figures along with the historical data and operating history of the company.
Why Should You Buy This Report?
The report is an outcome of in-depth secondary and primary research by industry experts. This market research report is a strategic guide to market players offering smartwatch. The key trends and growth drivers, challenges, end user industry adoption trends, etc. have been taken into consideration before devising the Global as well as the regional market size and market share in the smartwatch market. The report discusses in detail about the reasoning behind current market growth as well as historical market size and analysis, along with the forecast market size and key reasons and analysis for the same.
Report Highlights:
Key Questions This Study Will Answer
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