openPR Logo
Press release

Smartwatches Market: Lucrative Opportunites across Globe

Smartwatches Market: Lucrative Opportunites across Globe

A smartwatch is a wrist-worn type of wearable device providing various functionalities to its user and acting as a companion device with smartphones. Smartwatches are mostly need to be paired with a smartphone using any connecting technology such as near-field communication (NFC) or Bluetooth. Smartwatches provide notifications to its user and can also be used to track health parameters such as heart rate, distance traveled, etc. Moreover, smartwatches can also be used as a GPS device. Smartwatch provide high degree of connectivity to its users and are useful for the group that aims health related purposes and fitness tracking. Global smartphone shipments are expected to increase continuously in the coming years due to developing network infrastructure and increasing internet penetration. The global smartwatch market was valued at US$ 701.2 Mn in 2013 and is expected to grow at a CAGR of 53.6% during the forecast period 2014 – 2020.

On the basis of price range, the global smartwatches market is segmented into high-end smartwatches, mid-end smartwatches, and low-end smartwatches. Smartwatches with price above US$ 250 are considered under high-end smartwatches segment. High-end smartwatches segment is anticipated to witness strong growth in next few years (2015 - 2017) due to number of large smartphone manufacturers such as Apple Inc., Samsung Electronics Inc., and Sony Corporation focusing on the development and launch of their high-end smartwatch models. However, unwillingness to pay above US$ 250 for a smartwatch and low awareness pertaining to wearable technology and products is the major concern for the growth of smartwatches market. Furthermore, limited battery life and its effect on overall performance are expected to restrain the global smartwatch market. Currently, the companies offering high-end smartwatches overrun the global smartwatch market. However, growing commercialization activities, and research and development is anticipated to result in significant number of mid-end and low-end smartwatch models over the forecast period.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3266

In 2013, North America was the largest market for smartwatches in terms of revenue. The region has experienced significant adoption of high-end smartwatches due the presence of tech-savvy and health conscious users in this region. Fitness and health are expected to remain the major applications of smartwatches over the forecast period. This is attributed mainly to the high smartphone penetration in the North American region. Furthermore, awareness among end-users and higher purchasing power is anticipated to drive the regional market over the forecast period 2014 – 2020. Europe and Asia Pacific are anticipated to witness healthy growth over the forecast period. Demand from countries such as China, India, Japan, and Australia is anticipated to drive the Asia Pacific market in the next few coming years. Mass adoption of mid-end and low-end smartwatches in Asia Pacific, Latin America, and Eastern Europe is expected to drive the demand for this market over the forecast period.

The global smartwatches market is led by players such as Pebble Technology Corporation, Samsung Electronics Co. Ltd., Apple Inc., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd., Qualcomm Incorporated and others.

Report TOC: https://www.transparencymarketresearch.com/report-toc/3266

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smartwatches Market: Lucrative Opportunites across Globe here

News-ID: 1209768 • Views: 268

More Releases from Transparency Market Research

PC Compounding Market Growth Drivers and Competitive Landscape by 2027
Albany, NY - Global PC Compounding Market: Overview The field of chemical engineering has witnessed rapid developments in recent times, and this factor has played a major role in the growth of the global PC compounding market. The use of thermoplastics has also gathered momentum across a multitude of industries. A close look into the chemical industry shows that polycarbonates are extensively used for developing strong, durable, and tough materials. Hence,
Biological Seed Treatment Market to receive overwhelming hike in Revenues by 201 …
The vendor landscape in the global biological seed treatment market is increasingly dynamic, finds Transparency Market Research (TMR). This is on account of copious investments by several agrochemical companies on new biological seed treatments. A number of players in various developed regions of the global biological seed treatment market are engaged in bagging regulatory approvals for their biological products. Numerous agricultural technology companies are also working relentlessly on educating the
Commercial Flour Market Poised to Expand at a Robust Pace Over 2017-2025
The global commercial flour market depicts a highly fragmented and competitive vendor scenario, notes Transparency Market Research (TMR). This competitiveness can be attributed to the emergence of a large number of small- and large-scale vendors in the commercial flour market. Bay State Milling Company, Red Mill Natural Foods, Hodgson Mill, and ConAgra Foods are leading players operating in the global commercial flour market. Many large-scale companies in the market are adopting
Potato Starch Market to Witness an Outstanding Growth by 2018-2026
Potato starch, as the name suggests, refers to the starch derived from potatoes. Starch grains or leucoplasts as it is also known as are found in the cells of the root tubers of potato plants. Potatoes are crushed to extract starch from them. The starch grain are then released from the cells that are destroyed. It is then washed out and dried to convert them into powder. Potato starch comes

All 5 Releases


More Releases for Smartwatch

Smartwatch Market Research Report Study by 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Smartwatch Market : The Future of Smartwatch
Rise in demand for handy fitness & sports devices, increase in health awareness, and large number of product offerings by major players are projected to propel the growth of the global smartwatch market "Smartwatch Market by Type Product (Extension, Classic & Standalone smartwatch) and Application (PA, Wellness, Medical/ Health, Sports): Global Opportunity Analysis and Industry Forecast, 2013-2020". The report provides in-depth analyses of the top winning strategies, drivers & opportunities,
Smartwatch Market Increasing the Growth Worldwide
Global Smartwatch Market has a potential to reach $32.9 billion by 2020, registering a CAGR of 67.6% during 2014 - 2020, according to new research published by Allied Market Research. Popular highlights of the Smartwatch Market that are noteworthy are, based on type, the Extension Smartwatch sales was the source for approximately 4/5th of the revenue generated by the global Smartwatch market in 2013. Standalone smartwatch, which was nearly 1/10th
Smartwatch Market - Eliminating Innovations 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Smartwatch Market Propitious opportunities 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Global Smartwatch Market (2014-2020)-GMI Research
Global Smartwatch by Price Band and Operating Systems Market Analysis and Forecast 2014-2020 The global smartwatch industry has grown significantly in recent years and most of the electronics companies rushed to launch their own version of smartwatch. Currently Samsung, Google and Apple dominates the global smartwatch market, however in the future the number of players offering smartwatch is expected to increase which leads to more competition. Smartwatch is an electronic wearable