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Smartwatch Market Trends and Opportunities by 2018-2023 With Key Players - Apple, Garmin International, Fitbit, Sony Electronics, Samsung Electronics, Lenovo, ASUS, LG Electronics and Alphabet Inc.
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Apple’s watch software watchOS has grown by leaps and bounds since its introduction and left many smartwatch OS behind with its competency in innovation. During the forecast period, smartwatches based on another OS, such as Tizen and proprietary OS, are expected to grow the fastest. In the recent past, other types of smartwatch OS, such as Samsung’s Tizen, have taken over Google’s Android Wear, which has restructured the global smartwatch market.
Geographically, North America, being a key target region for prominent companies for the introduction and sale of their products, is a higher revenue generator than any other region in the world. Dominated by pocket-friendly smartwatches in China, advanced infrastructure in South Korea, and rising consumer interest for smartwatches in India, APAC will be the fastest growing smartwatch market, globally, during the forecast period.
Some of the key players operating in this market are Apple Inc., Garmin Ltd., Fitbit Inc., Sony Corporation, Samsung Electronics Co. Ltd., Lenovo Group Limited, TomTom International BV, ASUSTeK Computer Inc., LG Electronics and Alphabet Inc.
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GLOBAL SMARTWATCH MARKET SEGMENTATION -
By Product
• Extension
• Classic
• Standalone
By Operating System (OS)
• iOS
• Android
• Others (Include Tizen, Pebble OS and Firefox OS)
By Application
• Personal Assistance
• Wellness
• Sports
• Medical
• Others (Include Spiritual Wellness, Gaming, Kids’ Learning and Fashion)
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