Smartwatch is an information processing device with the basic time function. The watch may communicate with external devices such as smart phones, sensors, and a wireless headset. Smartwatch often consists of two parts: Peripheral devices and software. Peripheral devices of Smartwatch may include camera, thermometer, accelerometer, altimeter, barometer, compass, GPS receiver, speaker and SDcard that is recognized as a mass storage device by a computer. Software may include Map display, scheduler, calculator, and various kinds of watch face.
At present, in developed countries, the Smartwatch industry is generally at a more advanced level. The world's famous enterprises are mainly concentrated in USA, Korea and Japan. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Smartwatch production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China’s Smartwatch industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international consumption country of Smartwatch, but the production technology is relatively laggard to produce some low-end product. The new production lines are increasing, and the high-end product is still relying on import.
With the rapid growth of the national economy as well as the rapid development of smartwatch, Chinese Smartwatch market demand is exuberant, it will provide a good opportunity for the development of watch market and technology.The smartwatch manufacturer has squeezed the traditional Smartwatch market. But there are also opportunities to the watch brands which has established to deliver quality and to determine style trends for watches.Most traditional watch manufacturers also enter into the smartwatch market.The competition will more intense in next few years.
According to this study, over the next five years the Smartwatches market will register a 22.5% CAGR in terms of revenue, the global market size will reach US$ 36900 million by 2024, from US$ 10900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smartwatches business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Smartwatches market by product type, application, key manufacturers and key regions and countries.
This study considers the Smartwatches value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Apple Watch Kit
Android Wear
Tizen
Embedded OS
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Personal Assistance
Medical and Health
Fitness
Personal Safety
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Apple
Samsung
Sony
Motorola/Lenovo
LG
Pebble
Fitbit
Garmin
Withings
Polar
Asus
Huawei
ZTE
inWatch
Casio
TAG Heuer
TomTom
Qualcomm
Weloop
Epson
Geak
SmartQ
Hopu
Truly
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Smartwatches consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smartwatches market by identifying its various subsegments.
Focuses on the key global Smartwatches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smartwatches with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smartwatches submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Smartwatches . Industry analysis & Market Report on Smartwatches is a syndicated market report, published as Global Smartwatches Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Smartwatches market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.