Report Overview

Global Smart watch Market: Overview

Global Smart Watch market is anticipated to worth USD 47.29 million by 2019, with a CAGR of 14.26% during 2019-2025. Smart Watches are the new drift in the digital market and rapid advancements in Integrated Circuits (IC) technology. Smart Watch is a portable wearable device that is used to track various activities such as steps covered in a day, calories burnt, heart rate, and others. Increasing health awareness among the consumers and entry of a large number of players drive the growth of the Smart Watch industry.

Smart Watch is similar to mobile phone device with a touchscreen display and consists of various apps through which a person can access his mobile phone. Increase in adoption of the smartphone along with fast internet connectivity is the key driver for the growth of the global Smart Watch market. The world has already recognized the importance of mobile communication systems and this factor provides an additional surge for the growth of the Smart Watch market.

The integration of IoT technology will additional enhances the potential of Smart Watches, where one device can serve all the purposes rather than multiple apps and devices. Capability, biometric, GPS and geo-tagging, and smartphone autonomous functionality are some exclusive landscapes of the Smart Watch.

Global Smart Watch Market: Product Insights

On the basis of product, the global Smart Watch market is segmented into Extension, Standalone, and Classical. The standalone segment accounts the largest market share in the global Smart Watch market owing to features like wireless operations, SIM card acceptance, access the internet. New automotive control features embedded in, or compatible with, next-generation Smart Watches are one of the prime factors driving the global market growth of Smart Watches.

The rapid emergence of technology has made people more conscious of their health and fitness. With enhanced access to technology, people are increasingly using advanced gadgets to maintain their fitness levels. The standalone types of Smart Watches operate without wireless limitations. The classic types of Smart Watches are nothing more than a traditional watch with “smart” features. They typically have a small display that shows notification icons alerts.

Global Smart Watch Market: Application Insights

Based on the application, the global Smart Watch market is bifurcated into Personal Assistance, Healthcare, Sports & Fitness, and Others. Sports & Fitness holds the lion’s share of the overall Smart Watch market and project to dominate the market over the forecast period 2019-2025. Owing to their wide range of monitoring capabilities the use of Smart Watches among cyclers, runners, gym-goers, swimmers, and athletes is increasing rapidly. However, the presence of a large variety of Smart Watches with different sets of features, allows end-users to choose a Smart Watch that suits their requirement.

Healthcare application is projected to be the fastest growing market for the Smart Watch industry. The market is expected to witness moderate growth during the forecast period, owing to the rise in adoption of AI systems. The recent Apple watch series 4 can track heart rate, nervous system, emergency or inactivity alerts, and health related events.  In addition, the rise in importance of big data in healthcare is expected to fuel market.

Global Smart Watch Market: Regional Insights

Geographically, the Smart Watch market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the leading region of the Smart Watch industry during the forecast period 2019-2025. Owing to the expansion of the middle-class population, technological advancement, rapid urbanization, and growing health concern. Smartphones and cellphones became indispensable for the development of many industrial sectors. Furthermore, IoT is anticipated to undergo massive growth in the coming years, and mobile technologies play a vital role in empowering the industrial growth.

The advanced industries sector is extremely metropolitan and varies significantly in its composition and depth across regions. Asia-Pacific is the fastest growing region throughout the forecast period. Rising purchasing power and speedy adoption of technology are key factors behind the increased sales of Smart Watches in the Asia-Pacific region.

Objective of the Study:

·         To analyze and forecast market size of the Global Smart Watch market, in terms of value & volume.

·         To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting Smart Watch market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.

·         To outline, categorized and forecast the global Smart Watch market on the basis of product, application, and compatibility.

·         To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global Smart Watch

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Smart Watch Market: Competitive Landscape

Companies such as 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. are the leading players of Smart Watch market across the globe.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Smart Watch manufacturers

·         Research organizations and consulting companies

·         Organizations, associations and alliances related to Smart Watch market

·         Regulatory bodies

Scope of the Report

By Product

·         Extension

·         Standalone

·         Classical

By Application

·         Personal Assistance

·         Wellness

·         Healthcare

·         Sports & Fitness

·         Others

By Compatibility

·         iOS

·         Android

·         Others

In addition, the report provides analysis of the Smart Watch market with respect to the following geographic segments and their high performing regions:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         LATAM

·         MEA

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.