Smart Watch Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2028

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Smart Watch Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2028

August 13
20:47 2021
Smart Watch Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2028
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The global smart watch market size is expected to reach USD 95.78 Billion in 2028 and register a CAGR of 19.1%, according to the latest report by Reports and Data.

Key factors such as increasing public awareness about health, emergence of several market players, and technological advancements in smart watches are driving global market revenue growth.

A smart watch is a wearable computing device that is capable of performing various activities such as making/receiving calls, messaging, fitness tracking, internet connectivity, weather updates, GPS tracking when paired with smartphones. These smart watches are often used by fitness enthusiasts to keep a track of their exercises and daily activities and can also be used to play music or games and track health of the patient in real-time. 

The report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better view of the competitive landscape. It also provides details about the organic and inorganic business approaches undertaken by the key companies in the Smart Watch market to offer a holistic overview of the business landscape to the reader. It further covers all the relevant aspects of the market to help readers capitalize on the emerging growth opportunities and gain maximum returns on the investments.

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Some key highlights in the report:

  • Among the application segments, the personal assistance segment is expected to account for largest revenue share over the forecast period. Rising health awareness, increasing adoption of smart devices and high usage of voice-recognition virtual assistants for monitoring daily activities are key factors boosting segment growth.  
  • The smart watch market in North America is expected to account for largest revenue share throughout the forecast period. High revenue share is attributed to factors such as rising sales of consumer electronics such as smartphones, laptops, smart watches, increasing health awareness among consumers, technological advancements in smartwatches, and increasing prevalence of chronic diseases and diabetes. 
  • Asia Pacific is expected to register rapid revenue growth between 2021 and 2028 owing to increasing per capita income, improvements in standard of living, rapidly growing consumer electronics sector, high demand for enhanced smart devices, and increasing adoption of healthy lifestyle. 
  • Samsung Electronics Co. Ltd., Fossil Group Inc., Sony Corporation, LG Electronics Inc., Lenovo Group Limited, Fitbit Inc., Garmin Ltd., Apple Inc., Huawei Technologies, Motorola, and Polar Electro Oy are major players operating in the smart watch market.

For this study, Emergen has segmented the global smart watch market based on product, operating system, application, and region:

  • Product Outlook (Revenue, USD Billion, 2018 – 2028)
    • Extension
    • Classical 
    • Standalone 
  • Operating System Outlook (Revenue, USD Billion, 2018 – 2028)
    • Android
    • Windows
    • iOS
    • Others
  • Application Outlook (Revenue, USD Billion, 2018 – 2028)
    • Wellness 
    • Sports 
    • Personal Assistance 
    • Health 
    • Others

Regional Segmentation of the Market:

  • North America (U.S.., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Factors influencing market remuneration:

  • The global Smart Watch market report includes a detailed study of the product spectrum of the market and further describes the different product types, including One-sided, Two-sided, and Others.
  • The report zeroes in on the overall market dynamics and presents information with regard to the producers and distributors, manufacturing cost structure, and downstream buyers.
  • Details pertaining to the expected growth rate, industry share, revenue accumulated, and product segmentation are depicted in this report.
  • The application landscape of the global Smart Watch market can be categorized into For Human, For Animals, and Others.
  • The study further examines the industry share and product demand of each application, coupled with the predicted growth patterns of the various application segments.
  • Other vital factors, such as market concentration ratio and raw material processing rate, have also been covered under the latest study.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Smart Watch Market Segmentation & Impact Analysis
    4.1. Smart Watch Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
           Increasing demand for wireless sports and fitness devices
           Increasing spending in connected ecosystems
           Increasing health awareness among consumers
           Rising integration of Internet of Things (IoT) in smart watches
          4.2.3. Market restraints analysis 
           High cost of smartwatch
           Concerns regarding data security and privacy
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Watch Market By Product Insights & Trends, Revenue (USD Billion)
    5.1. Product Dynamics & Market Share, 2021–2028
          5.1.1. Extension
          5.1.2. Classical
          5.1.3. Standalone


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Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

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