Bizizz Market Research has recently published a research report, “Smart Watch Market By Operating Systems (Android/Wear OS, Watch OS, Other Operating Systems), by Display Type (TFT LCD, PMOLED, AMOLED), by Application (Sports, Medical, Personal Assistance, Other Applications) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Smart Watch Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 122.4 BN by 2027, witnessing a CAGR of 18.23 % during the forecast period. Key drivers of the market are mounting apprehension about individual healthiness & fitness and the upsurge in usage of smartphones. However, the technology used in Smart Watch es and the complexity of the devices is significant fundamental barriers to the market.
The escalating requirement for wireless fitness and sports accessories is propelling the market. At present, the enactment of Smart Watch es amongst gym-goers, athletes, swimmers, joggers, and cyclers is growing posthaste, as a result of their extended variety of supervising capacities. The wireless connection of these watches with smartphones facilitates the customer to manage alarms, auto-sleep, notifications, music, and other purposes, which stimulates the extension of the market. Customers throughout the world are paying a lot on fitness monitoring devices. An accession in health consciousness amongst the customer is encouraging the market.
The Smart Watch Market Is Anticipated To Register A CAGR Of Over 18.23% During The Forecast Period.
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By End User, Extension Smart Watch es Based Smart Watch Market Segment Held A Prominent Share In Global Smart Watch Market In 2018.
The extension Smart Watch es subdivision apprehended the major income subdivision in the market in 2018. This is attributed to the burgeoning implementation of next-generation Smart Watch es that can be utilized as an extension of smartphones or connected devices. In addition, supplementary uses, for instance, tracking, connectivity, and alerts that are harmonious with extension Smart Watch es have fascinated the consideration of customers in these watches in contemporary years. On account of this, the want for extension Smart Watch es segment is escalating.
North America Is Anticipated To Dominate The Global Smart Watch Market During The Forecast Period.
The market in North America is projected to acquire the uppermost market stake, as a result of the presence of foremost market companies in the region along with fast technical inventions fetched into these devices by numerous market companies that make each of them distinctive in their own way. Soaring levels of fatness predominating amongst the populace of the United States and cultivating consciousness concerning fatness and its adverse impacts on the wellness of people is one of the significant constituents that is forecasted to create the need for Smart Watch es amongst the general populace of the United States and is evaluated to accelerate the extension of the market in the region throughout the assessment period.
Prominent players operating in the Global Smart Watch Market are: Alphabet Inc., Lenovo Group Limited, Fitbit Inc., ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., TomTom International BV, Garmin Ltd., LG Electronics Inc., Sony Corporation, and Apple Inc. among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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