Global Market Study On Smart Watch: Hybrid Smart Watch Segment Is Expected To Expand At A CAGR Of 17.4% During 2017 And 2025

According to an exclusive study on global smart watch market, the market is estimated to exhibit tremendous growth with 16.6% CAGR to reach above US$ 30,811 Mn by the end of forecast period (2017-2025). Continuous innovations in smart watches have led this market to achieve highest expansion.

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The smart watch market has a major portion of prominent players, and some of the major manufacturing companies are in APAC and North America that export their products all over the globe. Among all the regions, APAC has the largest consumer market for smart watch. Prominent players in this market are Apple Inc., Fitbit Inc., Garmin Ltd., Samsung Electronics, Nokia Corporation (Withings), and LG Electronics etc. Apple Inc., Samsung Electronics Co., Ltd, Fossil Group, Inc., Tag Heuer International SA, Sony Corporation etc. are the tier-1 companies in the global smart watch market which earn revenue more than US$ 20 Bn.

This Market Research has used multiple resources of information and analysis to estimate global smart watch market revenue. The research methodology to study this market is based on forecasts that focuses on both global as well as regional trends in the economy, technology and population, along with company, product, country and demographic-specific trends. These trends are analyzed thoroughly and underlying factors are also identified. While examining this report, economic, technological, institutional, behavioral and competitive factors have taken into consideration that may affect the global smart watch market. To understand the market deeply, forecasting models are developed in order to quantify the impact of each of these factors on industry spending. The analysts have created the forecast scenario for each causative factor and have also identified the contribution of each factor on a prospective basis.

Research Methodology

While estimating market size, we have considered product portfolio of the companies profiled, along with some other players. Macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade and prices have been considered to arrive at the indicated market numbers. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers while studying this market.

This research report provides the detailed analysis of global smart watch market and offers insights on the various factors driving the popularity of these products and devices. The market study provides the comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on mobile analytics solutions across different regions globally. The report includes analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the global smart watch market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

Market Segmentation

By Type

Extension Smart Watch
Standalone Smart Watch
Hybrid Smart Watch

By Operating System

watchOS (iOS)
Android /Android Wear
Linux
Pebble OS
RTOS
Tizen
Others

By Age Group

3-14 Years
15-24 Years
25-34 Years
35-54 Years
55+ Years

By Price Range

High Price
Medium Price
Low Price

By Sales Channel

Online e-commerce Store
Organized Retail Chain
Unorganized Retail Store

By Region

North America
Latin America
Europe
Asia Pacific
MEA

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Vendor Insights

Number of companies are contributing in growth of the smart watch market. Some of the leading companies that have huge contribution are profiled in the report include, Nokia Corporation (Withings), Apple Inc., Samsung Electronics Co., Ltd., Xiaomi Corporation, Sony Corporation, Fossil Group, Inc., Garmin Ltd., Huawei Technologies Co., Ltd., and Fitbit Inc.

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