Global Smartwatches Market is foretold to provide a robust support for industry players to lay a solid foundation for their business growth. It includes a comprehensive evaluation of the industry growth status and risk. In addition, it provides detail market variables, trends, key opportunities, new entrants & competitors.
Smartwatches Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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Industry Insights
Global smartwatch market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period. Smartwatches provide functionalities far beyond traditional watches which can be pared with smartphones either by Bluetooth or near-field communication (NFC). Over 2 million units were sold in 2013. Smartwatches provide notification to user such as distance travelled heart rate and can be used as an extension to a smartphones because of high degree of connectivity and focus on apps. Addition of innovative features, continuous technological advancement will lead to increase in Global smartwatch shipments.
In 2014, Google introduced new smartwatch which was capable of delivering real-time speed, distance and time when user is on a run or walk. At present Samsung is dominating in smartwatch industry as it is using Android operating system which is user-friendly and ease to use. Google also announced Android wear an OS designed for wearable watches and is currently working with companies like HTC, Motorola, Samsung and LG. Major players like Pebble, Samsung, Sony and Maritime are heavily investing on R&D to develop better product and increase their market share.
Price Segment Insights
Approximately 90% of market share in 2013 was accounted by High-end smartwatches. Increase in demand for wearable technology, Entry of new well established players can propel market, but factors such as price range of smartwatches which is between USD 250 to USD 300 can act as barrier in market growth. In addition, Limited battery life, overall performance and privacy concerns among the users can restrain the market growth. The end users data is available on cloud and can be misused. At present market is occupied by established companies that are offering high-end products at a premium price. Average selling price of smartwatches will come down due to commercialization activities, number of new entrants and will result in development of mid-priced and low-end products over a given period.
Regional Insights
The demand for smartwatches was high in North America across the globe due to increasing number of smartphone users. Approximately 60% of overall market share in 2013 was accounted by North America and Europe. Awareness about new technologies and purchasing power due to increase in disposable income of users is expected to drive the market growth in coming six years. Increase in smartphones penetration in Asia pacific will drive market growth at a fastest rate. Health and fitness will remain key applications of smartwatches due to growing health-conscious consumer that needs real-time feedback and tracking. HTC, Huawei and ZTE China-based technological giants are focusing to enter in smartwatch market.
Competitive Insights
Growing adoption of smartwatches will benefit companies like Apple Inc. and Samsung Electronics. They main reason is these technological giants are already present in smartphone industry. Paring with smartwatches with smartphone by these firms will contribute to the revenue. Product differentiation and competitive advantage will be achieved by primarily focusing on innovation. Growing number of start-ups in emerging economies is expected to affect this industry in a positive manner. Galaxy gear a flagship product of Samsung electronics contributed majorly in smartwatch shipments in 2013 globally.
The manufacturers and component provider such as display and technology are also expected to benefits in coming period. Rising demands are attributed by increase in per capita spending on consumer electronics, need of technological advanced products and requirement of connectivity across the globe.
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The latest trending report Global Smartwatches Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Smartwatches market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Smartwatches market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 19.6%% in the forecast period of 2020 to 2025 and will expected to reach USD 33900 million by 2025, from USD 16560 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/14639-smartwatch-market-analysis-reportThe major players covered in Smartwatches are:AppleGarminMotorola/LenovoSamsungFitbitSonyPolarPebbleLGWithingsCasioQualcommAsusEpsonTAG HeuerinWatchHuaweiWeloopTomTomZTEGeakTrulySmartQHopuBy Type, Smartwatches market has been segmented intoApple Watch KitAndroid WearTizenEmbedded OSBy Application, Smartwatches has been segmented into:Personal AssistanceMedical and HealthFitnessPersonal SafetyThe report offers in-depth assessment of the growth and other aspects of the Smartwatches market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Smartwatches Market @ https://www.decisiondatabases.com/contact/download-sample-14639The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Smartwatches product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Smartwatches, with price, sales, revenue and global market share of Smartwatches in 2018 and 2019.Chapter 3, the Smartwatches competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Smartwatches breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Smartwatches market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Smartwatches sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Smartwatches Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-14639Other Reports by DecisionDatabases.com:Global Wrist Watch Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Running Watches Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Outdoor Watch Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
Smartwatches provide notification to user such as distance travelled heart rate and can be used as an extension to a smartphones because of high degree of connectivity and focus on apps.
Addition of innovative features, continuous technological advancement will lead to increase in Global smartwatch shipments.
Major players like Pebble, Samsung, Sony and Maritime are heavily investing on R to develop better product and increase their market share.
In addition, Limited battery life, overall performance and privacy concerns among the users can restrain the market growth.
Awareness about new technologies and purchasing power due to increase in disposable income of users is expected to drive the market growth in coming six years.
Health and fitness will remain key applications of smartwatches due to growing health-conscious consumer that needs real-time feedback and tracking.
