Smartwatch Market Research Report, by Operating System (iOS, Android, Tizen, Linux, and Others), by Application (Personal Assistance & Safety, Health / Wellness, Media and Entertainment, Sports, Communication, and Others) — Forecast till 2023
Pune, India – December 7, 2018 —
A smartwatch is a portable device which is to be worn on the wrist for various applications. Smart watches are just like a traditional watch but is integrated with latest technologies and sensors. But unlike traditional watches, smart watches have capabilities of smartphones such touchscreens, support apps, and often record heart rate of humans and other vital signs such as calories and blood pressure. Smart watches have various connectivity technologies inbuild and in order to exchange information, it establishes connection with a smartphone in order to work to its full potential. the popular technologies by which smart watches gets connected with smartphones are Bluetooth, wi-fi and some devices also allow quick and easy setup using NFC. Once the smart watch is connected with smartphone, user can choose the functionality of smart band such as notification like messages, emails, calls and other. Some smart watches also allow users to control the functionality of their smartphones such as making calls, reading messages and controlling the music of the smartphone. Users can also capture photos remotely through their smart watches.
Going ahead with the market drivers, high demand for consumer smartphones, decreasing prices, increasing per capita income and rich supply chain are supporting the market. high investment in R&D by the key companies and technological advancement in the field of smartphones and smart watches are also some of the major important factor which is driving the market.
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Major Key players
• Martian (U.S.),
• Pebble (U.S.),
• Qualcomm (U.S.),
• Samsung (South Korea),
• Sony (Japan),
• Connectedevice Ltd. (Japan),
• Apple (U.S.),
• Fitbit, Inc. (U.S.),
• LG (South Korea),
• Motorola (U.S.),
• Huawei (China)
December, 2017, Fitbit, the leading global wearables brand, today delivers the first update to its Fitbit OS platform for a smarter, more personalized experience for Fitbit Ionic™ smartwatch users with more than 60 apps now available across a wide range of categories, 100+ clock faces, and enhanced performance. Fitbit is also introducing Fitbit Labs, a Fitbit Research initiative that will bring innovative apps and intelligent clock face experiences to users to motivate and drive behavior change, and help accelerate the company’s pace of innovation. Additionally, Fitbit is partnering with Deezer to bring its dynamic, personal streaming music service to Ionic users across the globe in 2018.
The report for Global Smart Watch Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Segmentation by Operating System: Android Wear, Tizen, Linux and others (iOS, MediaTek’s LinkIt)
Segmentation by Application: Personal Assistance & Safety, Health / Wellness, Media and Entertainment, Sports, Communication and others (Corporate, Smart Home, Social Networking, Access Control, Payments, Gaming, Photography, Education, Customer Service, Public Services, Science and Research, Defense and Military)
Currently, North America is dominating the market of Smart Watches which is responsible for XX% of market share due to the favorable conditions. As Standard of living in North America is high and high disposable income are the factors that is boosting the market of Smart Watches in North America. Europe is second biggest market of Smart Watches as countries like Germany, France, Italy have high penetration rate for wearable technologies. Asia pacific is expected to dominate the market in coming years as this region holds more than 40% of global population and most of countries are in developing phase. Low price is also helping the market to grow in this region and as a result, Asia-Pacific has emerged as fastest growing market.
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LIST OF TABLES
Table 1 Global Smart Watch Market, by Region, 2018–2023
Table 2 North America: Smart Watch Market, by Country, 2018–2023
Table 3 Europe: Smart Watch Market, by Country, 2018–2023
Table 4 Asia-Pacific: Smart Watch Market, by Country, 2018–2023
Table 5 The Middle East & Africa: Smart Watch Market, by Country, 2018–2023
Table 6 Latin America: Smart Watch Market, by Country, 2018–2023
Table 7 Global Smart Watch Operating System Market, by Region, 2018–2023
Table 8 North America: Smart Watch Operating System Market, by Country, 2018–2023
Table 9 Europe: Smart Watch Operating System Market, by Country, 2018–2023
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This news is published on Reuters.