Global Smart-Watch Market 2025: Industry Analysis and Geographical Segmentation
According to a new report published by Reports Monitor titled, “Global Smart-Watch Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the smart-watch market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
A smartwatch is much than a regular watch that goes beyond timekeeping. Smart-watch has an electronic visual touchscreen display with rechargeable battery wearable wristwatch. It have features closer to smartphones which includes operating system, mobile applications, portable media players, wireless connectivity and others.
The key driving force for the growth of the smart-watch market are the high demand for wireless health monitoring, with growing need to prevent health risks and remote monitoring, these smart-watches having the in-built health monitoring systems which could detect, diagnose, track and can record various health parameters are on constant demand. These mobile health monitoring systems also helps doctors to monitor and analysis a patient, they also can effectively. With the increase in usage of smartphones there is rise in demand for smart-watch which is also driving the market. Smart-watches can be connected to multiple devices these high compatibility smart-watches is a significant factor in the growth of the market. However, the cost of these wearables are one of the restricting factor in the growth of the smart-watch market. Further, with the advancement in technologies such as focusing on developing a wearable smart-watch which is capable of making payments and ability to connect over Wi-Fi can be an opportunity for the growth of the global smart-watch market.
This report provides a detailed analysis of smart-watch market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global smart-watch market is based on the product type, application and operating system. On the basis of product type the global smart-watch market can segmented into extension smartwatch, classic smartwatch, standalone smartwatch. On the basis of application the global smart-watch market can segmented into fitness, wellness, medical/ health, sports and others. On the basis of operating system the global smart-watch market can segmented into android, iOS, windows and others.
Based on the geographical regions covered, the global isolator market is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Furthermore, the Asia-Pacific market is expected to grow as China is an emerging hub for manufacturing low-cost android based smartwatches.
The key players for smart-watch market includes Apple Inc., Fitbit, Pebble Samsung, Sony, Fossil Group, Samsung, and Lenovo Corporation.
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