Smartwatch can be defined as a computerized devise designed to be worn on the wrist with its functionality that goes beyond timekeeping. Smartwatch offers functionality and capabilities similar to those of a smartphone and performs several functions like connecting to the internet, running mobile apps, making calls, messaging via text or video, checking caller ID, accessing stock and weather updates, providing fitness monitoring capabilities, offering GPS coordinates. However, the prime function of the smart watch is to keep users updated about their fitness goals and conditions. Globally, increasing penetration of smart devices and increasing number of fitness conscious people is expected to drive the demand of the smart watch during the period of study.
Geographically, North America dominated the smartwatch market driven by higher penetration of such fitness tracker devices amongst tech savvy citizens in the region. North America was followed by Asia-Pacific and Europe as second and third largest market for the smart watch market. Asia Pacific is projected to have the fastest growth, owing to rapidly expanding and growing popularity of fitness devices amongst its younger generations and increasing spending on such smart gadgets, in developing nations such as China and India in this region.
This report identifies the smartwatch market
size for the years 2015-2017, and forecast of the same till the year 2023. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the smart watch market.This report segments the smartwatch market on the basis of product type, applications, operating systems and regional market as follows:
This report identifies all the major companies operating in the smartwatch market. Some of the major companies’ profiles in detail are as follows:
- Smartwatch market research report is classified on the basis of product type. Some of the major product types covered in this report are as follows: Extension Smartwatch, Classic Smartwatch& Standalone smartwatch
- Smartwatch market research report is classified on the basis of application. Some of the major applications covered in this report are as follows: Personal Assistance (PA), Wellness, Medical/ Health, Sports and Others
- Smartwatch market research report is classified on the basis of operating system. Some of the major operating systmes covered in this report are as follows: iOS, Android, Windows and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
- Apple Inc.
- Google Inc
- Garmin Inc.
- Motorola Inc.