Smartwatch Market Increasing the Growth Worldwide
Access Full Report Summary: https://www.alliedmarketresearch.com/smartwatch-market
The market of smartwatches is witnessing a double-digit growth globally.
North America, due to favorable market conditions, is the highest revenue generating region for smartwatches. As per the estimates, North American region generated nearly 1/3rd of the market revenue in 2013. However, in the near future, the growth of this market is expected to be driven by the Asian region and China emerging as a popular hub, as it would evolve as a low-cost smartwatch manufacturer. Over the next decade, the market is expected to witness product based revolution with newer sensor technologies emerging. Further, since the market is still in its evolutionary phase, it would create opportunities for new companies to enter the market, eventually leading to an increased level of competitiveness.
Considering the competitiveness in the market, Samsung is expected to refresh its offerings of the Galaxy Gear by replacing the Android OS by Tizen, a Samsung platform. Pebble, one among the leading companies, used to offer smartwatch at USD 150 with limited appeal as lifestyle accessory. However, recently the company has launched a second-generation device called Pebble Steel; thereby, offering a renewed appeal to the version, with enhancements in designs using brushed stainless steel and a black matte version, available at USD 249. Apple also has planned to integrate its Health Kit application with the smartwatch for the end users to monitor and keep track of their fitness and health.
17%. Android has gained edge, and is the most used OS platform for smartwatches; however, iOS is expected to emerge as a strong competitor for Android systems at a later stage, given the premium prices charged for the devices. Another factor adding to the growth of these devices is Apple's move to offer bundled products and sell smart watches in the market, leading to popularity of iOS smartwatches. The Personal Assistance segment is poised to grow at a steady rate through 2020. The Personal Assistance application contributed to nearly half of the overall smartwatch application market, by value in 2013. This application will remain as mainstream for smartwatch users. Wellness application is the second most dominant domain for the market and held nearly 1/5th of the market in 2013.
Download PDF Sample Copy: https://www.alliedmarketresearch.com/request-sample/490
Key findings of Smartwatch Market Study:
•Global market for Smartwatch is gaining prominence due to its potential to replace traditional watches and functionality similar to smartphones
•Extension Smartwatch contributes to nearly 4/5th of the global market in 2013
•Standalone smartwatch would match the market size of Extension Smartwatch by 2017
•Based on the geographic examination,North Americais the highest revenue-generating region confers the report.North Americais anticipated to reach$11.2 Billionby 2020
•Chinais expected to evolve as a key manufacturer of low cost smartwatches during the forecast period
•Android is the most preferred OS for smartwatches and is expected to lead the market throughout the forecast period
Based on the total smartwatch shipments in 2013, Samsung leads the Smartwatch market, followed by Nike and Garmin. Currently, there are approx. 40 countries operating in this market and the number of manufacturers is expected to grow manifold during the forecast period. As of now, the market is purely driven by the leading tech companies such as Samsung, Apple, Google, etc. However, in the future, the entry of watch companies is expected to increase the competition and dynamics of this market. Led by innovations, the smartwatch companies are spending heavily on R&D. Top players such as Samsung, Pebble, Maritime and Sony are counting on their R&D investments to be the prioritized strategy to increase respective market shares. An effective distribution channel is a key in defining the market status of a company. Samsung has significantly higher worldwide distribution strength compared to others and this adds to its competitive advantage. Key companies profiled in the report are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corp., and Samsung Electronics Co. Ltd.
Enquiry Report Click Here: https://www.alliedmarketresearch.com/purchase-enquiry/490
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
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 Smartwatch Market Increasing the Growth Worldwide here
News-ID: 1266219 • Views: 169
More Releases from Allied Market Research
Thermal Energy Storage Market Expected to Reach $8,862 Million By 2023 at a CAGR …
Thermal Energy Storage Market Outlook – 2023 The Global Thermal Energy Storage Market was valued at $3,988 Million in 2016, and is estimated to reach $8,862 Million by 2023, registering a CAGR of 10.9% from 2017 to 2023. In 2016, the sensible heat storage segment accounted for more than half share of the total market. Thermal energy storage, also known as heat storage, is a highly efficient and simple method of
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
Power Bank Market Insights with Statistics and Growth Prediction 2018 to 2025
The growth of the global power bank market is driven by rising in demand for smartphones across the globe and an increase in sales of power banks on online portals & e-commerce websites. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices hamper market growth. On the other hand, the development of solar & hydrogen fuel-based power banks and an increase in the
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency