Smartwatch Market to Grow at CAGR of over 25% through 2021
Increasing number of smartphone users,
changing lifestyles and rising consumer spending on consumer electronics to
drive global smartwatch market through 2021
According to TechSci Research
report, “Global
Smartwatch Market By Type, By Application, By Operating System, Competition
Forecast and Opportunities, 2012-2021’’, global smartwatch market is projected
to grow at a CAGR of more than 25% during 2016-2021, on account of increasing smartphone
user base, rising per capita spending on consumer electronics coupled with increasing
awareness about health & fitness devices across the globe. Further, rising usage of third party
applications, increasing focus of smartwatches manufacturers towards R&D coupled
with increasing adoption of smart technology based devices by youth population
is driving demand for smartwatches across the globe. Further, increasing
disposable income, growing young population coupled with changing lifestyles is
also fueling demand for smartwatches across the globe.
Browse 75 market data Tables and 100 Figures
spread through 300 Pages and an in-depth TOC on "Global Smartwatch Market"
https://www.techsciresearch.com/report/global-smartwatch-market-by-type-classic-standalone-and-extension-by-application-personal-assistance-wellness-medical-health-etc-by-operating-system-watch-os-android-tizen-rtos-etc-competition-forecast-and-opportunities/826.html
Global
Smartphone Users, 2014–2021F (Billion Individuals)
Robust growth in demand for standalone smartwatches can
be attributed to its ability to make and receive phone calls as
well as browse internet without the need for a smartphone. Further, increase in
demand for high feature smartwatches among consumers coupled with rapid technology
advancements is driving demand for standalone smartwatches across the globe. Apple, Samsung Electronics, Pebble Technology, Garmin,
etc., are few of the major companies operating in global smartwatch market. North America was the largest regional market for
smartwatches across the globe due to large smartphone and internet subscribers
base, growing focus of companies towards innovation
coupled with high disposable income of people. Further, Asia-Pacific
demonstrated robust growth in demand for smartwatches due to rising disposable
income of consumers and increasing spending on consumer electronics.
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“With increasing demand for
advanced technology products coupled with growing emphasis on wireless health
monitoring is driving demand for high end smartwatches. In addition, with
growing smartwatch market, traditional watch manufacturers including Fossil,
Titan, etc., have also forayed into the global smartwatch market. Rising number
of technology advancements, growing shift towards standardized connectivity,
increasing innovation in smartwatch designs and growing focus on development of
app ecosystems is driving usage of smartwatch for personal assistance such as calendar
management, task management, information management, etc.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Smartwatch Market By Type,
By Application, By Operating
System, Competition Forecast and Opportunities,
2012-2021”
has evaluated the future growth potential of global smartwatch market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities in global smartwatch market.
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