According to IMARC Group’s latest report entitled “Smartwatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027” the global smartwatch market is expected to show a CAGR of XX% over the period 2022-2027.
A smartwatch refers to a wearable computing device that helps with timekeeping. It can be connected to smartphones via Bluetooth and third-party applications to provide advanced features such as heart rate monitoring, daily activity tracking, and setting alarms and reminders. A smartwatch can consist of a touchscreen display that offers additional functions, including displaying weather information, navigation, listing stock prices, texting and phone calls. Compared to traditional watches, smartwatches can collect, process and respond to stimuli from the real world.
We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
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Global Smartwatch Market Trends:
Increasing adoption of smart devices is the key factor driving the growth of the global smart watch market. Coupled with this, the proliferation of smartphones and improved internet connectivity continue to boost product sales around the world. Additionally, the increasing number of tech-savvy consumers, particularly in the developing world, and rising demand for aesthetically pleasing, multifunctional smart products are catalyzing the market growth. Increasing participation in sports and fitness activities, facilitated by growing health consciousness, has encouraged people to keep track of their daily fitness regimen. This, in turn, has prompted manufacturers to integrate artificial intelligence (AI), global positioning systems (GPS), and waterproof technologies to ensure intelligent diagnosis. Furthermore, the adoption of smartwatches has increased significantly amid the outbreak of the coronavirus disease (COVID-19) as the need for close monitoring of various health parameters such as oxygen saturation and blood pressure increases.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global Smartwatch market, along with forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market by product, operating system, application and distribution channel.
- apple inc
- Fitbit Inc.
- alphabet inc
- Fossil Group Inc
- Garmin Ltd
- Huawei Technologies Co.Ltd
- LG Electronics Inc.
- Samsung Electronics Co.Ltd.
- Sony Corporation
- Zepp Health Corporation.
Breakdown by product:
Breakdown by operating system:
Separation by application:
- personal help
- Healthcare and Wellness
Breakdown by sales channel:
- online shops
- offline stores
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market performance (2016-2021)
- Market Outlook (2022-2027)
- market trends
- Market drivers and success factors
- Effects of COVID-19
- Analysis of the value chain
- Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
IMARC Group is a leading market research company providing management strategies and market research worldwide. We work with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.
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