COVID Impact On Global Smartwatch Market 2020-2025

COVID-19 has muted the pace of growth for smart wearables in India as a sizeable chunk of urban population is now working from home and having limited physical activity.

Global smartwatch volumes grew 20% YOY to 12.5 Million units in Q1-2020. But Q2-2020 is likely to reverse this trend as many outlets remained shut and e-commerce was hampered in many locations.

With tech giants hugely investing in R&D facilities to constantly develop new and highly customised devices in the smartwatch industry in order to remain relevant in the market, the smartwatch industry is expected to constantly flourish.

The Fitness and Medical Application is expected to gain the highest popularity as compared to other features, considering the current market trends.

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In Q1-2020, Apple Watch led the global market with a market share of 55%, followed by Samsung and Garmin rose to third position.

Hybrid smartwatch -fusion of a traditional mechanical watch with a smartwatch is the way forward. A hybrid smartwatch offers the basic features of a smartwatch, equipped with Bluetooth connectivity but resembles a normal watch with some added features like that of a calorie tracker and heart rate tracker.

India based Titan, world’s fifth largest watchmaker, manufactured 18 million watches last fiscal, of which about 700k units were smart wearable devices.

Fitbit, pioneered the wearable devices trend, is now partnering with health insurers and has been making acquisitions in the healthcare market, to diversify its revenue stream.

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COMPANY PROFILES
Apple Inc
Fitbit Inc.
Garmin
Sony
Samsung
Huawei Technologies Co Ltd
Xiaomi Corp
Titan
Fossil
Oppo
Realme
Amazfit

THIS SMARTWATCH MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Smartwatch Market size and Forecast, by region, by application
2. Average B-2-B price for Smartwatch Market, by region, per user
3. Technology trends and related opportunity for new Smartwatch Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Smartwatch Market earnings

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.