Global Smartwatch Market Size is estimated to expand rapidly in coming years, at a CAGR of 16.85% from 2018 to 2025. In 2017, the global market valuation was USD 9.55 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A smartwatch is a portable wearable device which is used to track activities such as steps covered, calories burn, heart rate and others. Smartwatch is quite similar to the mobile device with a touchscreen display through which a person can access his mobile phone. Increase in awareness about health care and better technological connectivity has led this market to grow at a higher rate in recent years. In addition to this, smart watch devices delivering real time information about the cell phone when the user is away or moving is boosting the smartwatch market growth. Geographically North America is one of the largest growing regions in the market of a global smartwatch.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smartwatch market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smartwatch market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Product Insights: on the basis of product, the global smartwatch market has been segmented into extension, standalone, and classical. Amongst these extension segment has accounted highest share in the global market of smartwatch owing to the rise in demand for wireless fitness and sports devices, increasing health awareness among consumers and availability of key players in the market. According to the research extension, smartwatches will witness high boost over the forecast period owing to the exclusive features such as the use of sim card, access to the internet, different wireless operations and others.

By Application Insights: On the basis of application, the global smartwatch market has been segmented into personal assistance, wellness, healthcare, sports, and others. Among which healthcare segment is expected to drive the global market owing to health-conscious consumers targeting for fitness tracking and health-related purposes. Fitness and health awareness are expected to remain major applications of smartwatches over the forecast period.

Regional Analysis

The smartwatch market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time period in terms of revenue owing to the factors such as the adoption of smart technology, presence of health-conscious users in the region and presence of key players available.

Asia Pacific region is expected to witness high growth in the market in the forecast period. Growth in demand for connected and smart systems, huge investments by governments to build smart technologies are major key areas to drive the demand of smartwatches. Emerging countries in the Asia Pacific region such as China, Japan, and India are key manufacturers of smart technology and automotive parts, which will grow the market in the upcoming time period. Europe is anticipated to dominate the global smartwatch market over the projected period majorly owing to high demand from the health-conscious customers, presence of key players in the market and highly cost-effective business strategies. Latin America and Africa will see moderate growth in the global market of smartwatches.

Global Smartwatch Market Size, Share Analysis by Region 2017

Global Smartwatch Market Study Objective

1. To forecast the market size of the global smartwatch market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global smartwatch market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global smartwatch market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global smartwatch market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the global smartwatch market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Huawei, ZTE, inWatch, Casio, TAG Heuer, TomTom, Qualcomm, Weloop, Epson, Geak, SmartQ, Hopu, Apple, Samsung, Sony, Motorola/Lenovo, LG, Pebble, Fitbit, Garmin, Withings, Polar, Asus, and Truly are some of the key players in the market of smartwatch.

Global Smartwatch Market Study Report Offer You!

The global smartwatch market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market prediction & projection to develop effective strategies for optimizing their market position.