TAG Heuer to Introduce Hybrid Smartwatch on March 14
Switzerland: Swiss watch
designer and manufacturer, TAG Heuer is set to launch Android Wear 2.0 smartwatch
in mid-March this year. The company sold over 50,000 units of its previous
smartwatch offering TAG Heuer Connect that arrived in 2015 and following the
success of this product, announced its latest smartwatch.
Tag Heuer
modular smartwatch will be sold as TAG Connected Modular in the market and is
expected to be different from all the products in the market at present. The
watch will enable users to switch between automatic movement and digital
connect Android Wear 2.0, customizable straps, clasps and lugs will also feature
in the hybrid smartwatch.
TechSci
depicts that the market for smartwatches is expected to boom as more companies are
entering the market, hence, increasing competition and increasing the number of
offerings available for the customer. With companies focusing more towards developing smartwatches that are
user-friendly and combining it with the growing awareness towards the benefits
of smartwatches, is expected to surge the global market of smartwatches.
According
to a recent report by TechSci Research,
“Global Smartwatch Market By Type, By Application, By Operating System,
Competition Forecast and Opportunities, 2012-2021”, the
global market for smartwatch is projected to grow at a CAGR over 25% during
2016-2021. Personal assistance application dominated global smartwatch market,
on account of increasing usage of third party application in connected devices
and rising demand for technologically advanced products.sw