openPR Logo
Press release

Smartwatch Market by Product (Extension, Standalone, and Classical), Application (Personal Assistance, Wellness) Global Analysis and Industry Forecast 2025

02-06-2019 10:45 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Smartwatch Market

Smartwatch Market

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 of the market in 2013, would swiftly take over the extension smartwatch and would match with the market size of extension smartwatch by 2017. Android operating system, which is the most prominent OS preferred by Smartwatch manufacturers, would grow even further during the forecast period. Following the trends of the market, geographically, Asia Pacific region is expected to propel the global market supplemented by China, which is expected to evolve as a hub for low cost smartwatch manufacturing.

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.

Get free Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/490?utm_source=openpr&utm_medium=vinit

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. The wellness segment will witness steady growth due to the adoption of wellness monitoring devices.

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 Americas the highest revenue-generating region confers the report. North Americas anticipated to reach$11.2 Billion by 2020
• China is 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

Get Enquiry for Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/490?utm_source=openpr&utm_medium=vinit

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.

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.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.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 Smartwatch Market by Product (Extension, Standalone, and Classical), Application (Personal Assistance, Wellness) Global Analysis and Industry Forecast 2025 here

News-ID: 1564408 • Views: 324

More Releases from Allied Market Research

Smart Inhalers Market is Like to Touch $1,406 Million by 2026
Smart Inhalers Market size was valued to be at $34 million in 2018 and is expected to increase during the forecast period to be at $1,406 million by 2026, registering a CAGR of 58.4% from 2019 to 2026. The inhalers segment accounted for more than half of the total market share in 2018. Smart inhalers are the small inhaler devices used for delivering several inhaled medications such as anticholinergics, glucocorticoids, and
Surgical Sutures Market On Position to Reach $5,255 Million by 2022
Surgical Sutures Market size accounted for $3,360 million in 2015, and is expected to reach $5,255 million by 2022, growing at a CAGR of 6.4% from 2016 to 2022. The sutures segment dominated the market in 2015 with more than four-fifths share. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1642 Global escalation in the number of hospitals, surge in the adoption of technologically advanced products, and increase in number of surgeries due
Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027
The global internet of things in healthcare market was valued at $113.751 billion in 2019 and is expected to reach $332.672 billion by 2027, registering a CAGR of 13.20% from 2020 to 2027. The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. The internet of things in healthcare market is gaining popularity in the recent years owing
Breast Imaging Technologies Market Is Expected to Reach $4,502 Million by 2022
Breast Imaging Technologies Market Report, published by Allied Market Research, forecasts that the global breast imaging technologies market is expected to garner $4,502 million by 2022, registering a CAGR of 8.4% during the period 2016-2022.North America and Europe together accounted for over three-fourths market share in 2015. Ionizing breast imaging technology is expected to maintain its lead throughout the forecast period. The market is expected to be driven by the rise

All 5 Releases


More Releases for Smartwatch

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,
Smartwatch Market Steady Infrastructure Growth of 2025
Global Smartwatch Market: Overview The rising adoption of smartphones across the globe and the rising use of internet are expected to contribute substantially towards the development of the global smartwatch market in the coming years. As a result, the market is projected to register a progressive growth rate over the forecast period. The leading players in the global market are focusing on innovations and the expansion of their presence across the
Smartwatch - The New Frontier Of Wearable Technology
Every passing day, people’s desire to represent themselves with trending fashion is leading to adopt latest attire. Smart watches are trending wearable, that are blend of smart technology and fashion. Further, people those are health conscious are lucky to have this smart way to monitor different aspects related to health and can easily share it with their health advisors through digital techniques. Smart watches are equipped with technology that allows