According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Smart Watches and Wearable Market [Product: Smart Watches, Fitness Trackers, Smart Jewelry, Smart Clothing, Smart Glasses & Goggles, Ear Plugs, Others (Head Mounted Displays, Wearable Camera etc.) ; Type: Wrist Wear, Body Wear, Hearable, Eye Wear, Others (Neck Wear, Footwear etc.); Connectivity: Bluetooth, Wi-Fi, Others (NFC etc.); Application: Lifestyle, Fitness & Sports, Defense, Infotainment, Others ( Healthcare, Logistics etc.); Price Range: High, Medium, Low; Distribution Channel: Online, and Offline] – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027, the Smart Watches and Wearable Market is expected to reach US$ 24.1 Billion by 2027 and expand at a CAGR of 17.5% from 2019 to 2027.
Want to win in new markets by identifying right opportunities? Request a PDF sample here.
As per the report, the Smart Watches and Wearable Market was valued at US$ 5.7 Billion in 2018 and is expected to expand at a CAGR of 17.5% from 2019 to 2027. In terms of product, smart watches segment accounts for the maximum share in the global market followed by fitness trackers and ear plugs segment. Smart watches offer high degree of connectivity to its users as they serve as a medium between the user and service. This is leading to increased demand for smart watches in the global market. Moreover, growing demand for wireless fitness & sports devices, and increasing health awareness among consumers is also fueling the market growth. Smart watches are becoming a new trend in the digital market with rapid advancements in integrated circuits technology. Product innovation and technological advancements in the design & functionality of smart watches along with its availability at low price have increased its usage among consumers
The Smart Watches and Wearable Market report also highlights some of the hindering factors restraining the growth of the market. According to the report, smart watch includes integration of various devices such as sensors, display, and others into a small compact device. This leads to high initial cost and hence is expected to hamper the market growth. Smart watches are mostly preferred in terms of product, and account for major share in the global market. Product innovation and advanced features are fuelling the demand for smart watches in the global smart watch and wearable market. Apple is anticipated to lead growth in the smart watch market in the upcoming years. Fitness trackers have the second largest share in the market. The Smart Watches and Wearable Market is dominated by several players who are focused on the development of new products to cater to the rising demand for the product in the market.
The report includes the below mentioned pointers of the major players operating in the Smart Watches and Wearable Market:
- Competition Matrix
- Company Overview
- Product Profiling
- Market Share Analysis (2018)
- Product Innovation
- Product Comparison Analysis
- Business Strategies / Recent Developments
- Technological advancements
- Key mergers and acquisitions
- Expansion strategies
- Company Financials
Some of the major player operating in the Smart Watches and Wearable Market are featured in this report to give a better competitive analysis of the market and these include Apple Inc., Huawei Technologies Co. Ltd, Casio Computer Co., Ltd, Polar Electro Oy, Fitbit Inc., Samsung Electronics Co. Ltd, Fossil Group Inc., Xiaomi Inc., Garmin Ltd., and LG Electronics.
About Us
Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprise syndicated research, strategic consulting & advisory services, competitive intelligence, and full-time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.
Contact
1441 Broadway, 6th Floor – # 6131
New York, NY 10018
Contact: +1-917-985-8551
Email: sales@industryprobe.com
Website: https://www.industryprobe.com/
