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Global Smart Watches Demand Analysis, Market Trends, Industry Share, Market Growth & Future Opportunity Outlook

Press Release

Smart Watches are electronic devices which are worn like watches but are equipped to do a lot more than an average watch. These stand alone or Smartphone dependent devices are can show Notification from Phone, Record Physical Activities, monitor heart rate, Make and Take calls, Search on The Web by listening to a voice command and in some cases can even capture photographs.

 

Market Dynamics

These smart gadgets have started receiving a lot of crowd attention in the market and are estimated to grow a lot more than imagined, given, the convenience and the flexible functionality of smart watches. These are becoming popular for providing hands-free control and access to data anywhere at any time of the day. Apart from this, biometric functionality, GPS and mapping capability and smartphone independent functionality are also a few unique features of these smart gadgets.

These timepieces are also capable of detecting the physical movements of the user and are therefore capable of giving accurate details about Steps Walked, Calories Burnt, Active Time, etc. These factors greatly people’s decision to buy these Smart watches.

The only problem with these watches is that they do not have a good battery life which inhibits the continuous usage of these watches.

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Market Segmentation

The watches can be classified on the basis of the screen they use. The prominent options available are LED, e-paper and LCD. The LED ones are the most capable and can show text, Images and Videos. The e-paper displays are also capable of showing text, images and have a good Battery life but the only con is that they are restricted to monochrome. LCD Displays can only show text but have the best battery life which may last for a month or two.

Price is also an important differentiating factor among the watches. The more expensive ones like Apple Watch or Gear S3 are even capable of acting on voice commands other than just showing notifications on a different screen. The cheaper watches act as a secondary display for the phones but can act as a separate phone itself because few of them have a SIM slot which can be used to make and take calls or send SMS.

Geographic Analysis

The market for smartwatches is witnessing a double-digit growth rate globally. Currently, North America is a prominent source of revenue for Smart Watches and according to estimates, it contributes almost 1/3rd of the market revenue. However, in the near future, the growth of the market is expected to be driven by Asia-Pacific region with China and India acting as a popular hub given their large population and the manufacture and sales of the low-cost Smart-watches which are based on Android.

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Key Players

Large Tech Companies like Apple, Samsung, Motorola, etc. are the Market Leaders but Sports Companies and Watch Maker Companies are also growing significantly too.A small Market Share is also controlled by Small Companies that manufacture low-cost watches and are improving too.

Report Contents  Regional Analysis Report Highlights

Global Market segments

Global Market Drivers, Restraints and Opportunities

Global Market Size & Forecast 2016 to 2022

Supply & Demand Value Chain

Global Market – Current Trends

Competition & Major Companies

Technology and R&D Status

Porters Five Force Analysis

Strategic and Critical Success Factor Analysis of Key Players

North America

US and Canada

Latin America

Mexico, Brazil, Argentina and Rest of Latin America

Western Europe

EU5 (Germany, France, Italy, Spain, U.K.)

Nordic Countries (Denmark, Finland, Norway, and Sweden)

Benelux (Belgium, The Netherlands, and Luxembourg)

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia and New Zealand

Rest of Asia Pacific

Middle East and Africa

GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

South Africa

North Africa

Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis

Market dynamics of the industry

Market Segmentation

Estimated Market Sizing in terms of volume and value

Recent trends in market and impact

Research Status and Technology Overview

Extensive Industry Structure Coverage

 

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