Global Smart Watches Market Size, Trends & Growth Opportunity, By Product Type, By End User, By Region and Forecast till 2027
Smartwatch is wrist-won wearable device and offer functionalities far beyond those of traditional wristwatch. It is usually used as companion device and need to be paired with smart phone via Bluetooth and near-field Bluetooth and other technologies. These are particularly useful for health-conscious consumers aiming for fitness tracking and health- related purposes. Smart watch can be used as an extension to a smartphone or related device.
Increase in concern about personal health and fitness as well as rise in penetration of smartphones are key driving factors which are expected to boost the global smart watches market growth. Furthermore, innovative features like alerts, tracking, and connectivity in smart watches have garnered consumer interest in past few years will increase the demand for smart watches market growth. The rise in adoption of Internet of Things (IOT) is also projected to propel the global smart watches market growth. Also, increase in product launch activities by key players will fuel the market growth. Moreover, increase in demand for computerized wristwatches with functionalities with basic smart features has been drive the global smart watches market growth during this forecast period.
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Market Restraints The high initial price of the technology and problems associated to power consumption and low battery life is expected to obstruct the global smart watches market growth during this forecast timeline.
Global Smart Watches Market is segmented into operating systems such as Watch OS, and Android/ Wear OS, by display type such as AMOLED, PMOLED, and TFTLCD. Further, market is segmented into application such as Medical, Sports, Personal Assistance, and Others.
Also, Global Smart Watches Market is segmented five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are listed in this report such as Huawei Technologies Co., Ltd, Pebble, Fossil Group, Qualcomm, Sony Corporation, Samsung Electronics Co. Ltd, Apple Inc., Connecter Device Ltd., Fitbit, Inc., Motorola, and LG Electronics
Market Taxonomy By Operating System Watch OS Android/ Wear OS
By Display Type AMOLED PMOLED TFTLCD
By Application Medical Sports Personal Assistance Others
By Region North America Latin America Europe Asia Pacific Middle East & Africa
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