Global Smartwatches Market–Trends, Insights and Forecast (2020-2027)

Publish Date
December 19, 2020
No of Pages
375
SKU Code
GIR 2020
Format

Description

Report Overview

The report provides market estimates for base year 2019 and a yearly forecast to 2027 in terms of revenue (USD Billion) unless stated otherwise. Market for each segment has been provided on a global and regional for the above-mentioned forecast period.

Smartwatch is a portable wearable device in the form of a wristwatch. Modern smartwatches offer touchscreen and it is used to track various activities such as tracking the daily steps,, calories burnt, heart rate, digital time telling and others. Smartwatch is similar to mobile phone device with a touchscreen display and consists of various apps through which a person can access his mobile phone. Increase in adoption of smartphone along with fast internet connectivity is the key driver for the growth of the global smartwatch market. As of now, the market is driven by leading tech companies such as Xiaomi, Samsung, Apple, Google, Fitbit Inc. and others.

COVID-19 Impacts

COVID-19 is a new strain of corona-virus that has not been previously identified in humans. Corona-viruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have a potential impact on Global Market.

Report Includes

The report provides information about the current and upcoming trends in the market from 2020 to 2027, which helps determine the prevailing opportunities.
The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
42 Market data Tables and 48 Figures.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the financial competency of the smartwatch market.
Up-to-date analyses of competitive developments, such as expansions, joint ventures, new products launches, expansions, and mergers & acquisitions in the global personal protective equipment market.
Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

Scope of the reports

The global market is witnessing a huge influx of companies, which is why it is expected to grow manifold from the existing 40 companies. The scope of this report includes the analysis of various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
This study presents an analytical depiction of the global smartwatch industry along with the current trends and future estimations to depict the imminent investment pockets.
The overall smartwatch market potential is determined to understand the lucrative trends to gain a stronger foothold in the industry.
It also explains the major drivers and current trends within the particular sector.
This report provides a quantitative analysis of the current trends, estimations, and dynamics.
In-depth analysis of the market segmentation assists in determining the prevailing market scope.
The key countries in all the major regions are mapped on the basis of their market share.

Trend and Development

Innovation in smart watch for variety of applications is supporting growth of the smart watch market. North America market is rising rapidly due to recent innovations in smart watch products, which offer unique capabilities of products and provides benefits to manufacturers. With the evolution of new technologies, the number of applications of these technologies is increasing in North America region.

As there is increase in demand of smart watch in smart wearable industry, the tech giants are bringing innovative smart watch for activity tracking, heart rate monitoring, message notifications, voice recording, calls, reminder etc. This tech giants offer smart watch based on competitive pricing that helps to increase their customer base. This increasing competitiveness among prominent players such as Apple Inc., Fossil Group, Samsung, and Lenovo Corporation etc. to launch smart watch has triggered the growth of smart watch market in Asia Pacific region.

North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.

Segments covered in the reports

This research report categorizes the Global Smart-watches Market on the basis of region, countries, application, type and operating system from 2020 to 2027 covering the below points-

On the Basis of Region: North America, Europe, Asia-Pacific and Lamea.

On the Basis of Countries: United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Italy, Brazil, Argentina, Mexico, South Africa and others.

On the Basis of Application: Personal Assistance, Wellness, Healthcare, Sports and Others

On the Basis of Operating System: WatchOS, Android /Android Wear, Linux, Pebble OS, RTOS, Tizen and Others

On the Basis of Type Extension Smart Watch, Standalone Smart Watch, Classical and Hybrid Smart Watch

Major Players in the Global Smart-watches Market are:

Fitbit Inc., Apple Inc., Google Inc., Garmin, Motorola, Samsung Electronics Co., Ltd, Sony Corporation, Garmin Ltd., Fossil Group, Inc.,Lenovo, Huawei Technologies Co., Ltd., Xiaomi Corporation, Nokia Corporation, LG Electronics Inc. and Others

Report coverage

Recent Trend and Developments: The major players operating in the global market have adopted key strategies such as product launch and acquisition to strengthen their market outreach and sustain the stiff competition in the market.
Key Market Players: Key players list and Key companies profiled in this market include.
Revenue forecast, company share, competitive landscape and growth factors.

Objectives of the study

To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the respective market. To analyze the competitive intelligence of players based on company profiles and their key growth strategies. To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total respective market. To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the respective market. A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note –

GIR Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
Also, you can buy some selected Chapters from the report.

FREQUENTLY ASKED QUESTIONS?

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What are the countries included in the rest of the word segments?
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Table of Content

Executive Summary
Research Methodology
- Primary Research
- Secondary Research
- Market Analytics
- Revenue Forecasting
Market Overview
- Market Definition
- Scope of the Study
  - Research Objectives
  - Assumptions & Limitations
  - Market Structure
- Market Dynamics
  - Introduction
  - Microeconomic Factor Analysis
  - Market Evolution
  - Technology Roadmap
  - Demand-Supply Dynamics
  - Growth Drivers
  - Restraints
  - Opportunities
  - Challenges
  - Sustainable Strategies
- Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
- Industry Analysis
  - Profitability analysis
  - Supply Chain & Value Chain Analysis
  - Porter’s Five Forces Analysis
    - Bargaining power of Suppliers
    - Bargaining Power of Buyers
    - Threat of substitutes
    - Threat of new entrants
    - Degree of Competition
  - PEST Analysis
  - Upstream and downstream profitability analysis and opportunities

Global Market Scope

Market analysis by product category
Market analysis by component / type
Market analysis by technology
Market analysis by application
Market analysis by industry vertical
Market analysis by end-use
Market analysis by emerging technologies, trends and applications
Market analysis by region
- North America
  - US
  - Canada
  - Mexico
  - Others
- South America
  - Brazil
  - Argentina
  - Chile
  - Colombia
  - Peru
  - Venezuela
  - Ecuador
  - Others
- Europe
  - Germany
  - France
  - UK
  - Russia
  - Italy
  - Spain
  - Sweden
  - Netherlands
  - Poland
  - Austria
  - Belgium
  - Finland
  - Norway
  - Switzerland
  - Denmark
  - Czech Republic
  - Portugal
  - Others
- Asia-Pacific
  - China
  - Japan
  - South Korea
  - Taiwan
  - India
  - Australia
  - Indonesia
  - Philippines
  - Malaysia
  - Others
- Middle East
  - Iran
  - Turkey
  - Kuwait
  - UAE
  - Israel
  - Oman
  - Bahrain
  - Saudi Arabia
  - Qatar
  - Egypt
  - Others
- Africa
  - Algeria
  - Libya
  - South Africa
  - Sudan
  - Zimbabwe
  - Others

Competitive Landscape
- Introduction
- Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
- Market Strategy
- Mergers and Acquisitions
- New Product Launches
- Asset Transactions
- Financial Announcements
Company Profile (key market players)
- Company profile 1
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 2
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 3
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 4
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 5
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 6
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 7
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 8
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 9
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis
- Company profile 10
  - Company Overview
  - Strategic Initiatives
  - Financial Analysis
  - Product Benchmarking
  - SWOT Analysis

Other Companies

150+

Methodology

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics and consumer behavior trends these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Sample Report

Key Questions Answered

What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?

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Global Smartwatches Market–Trends, Insights and Forecast (2020-2027)

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