Smart Watch Market by Top Brands, Trends, Demand and Sales 2021 to 2025

The Smart Watch Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The smartwatch market was valued at shipments volume of 43.87 million in 2018 and it is expected to reach a volume of 108.91 million by 2024, registering a CAGR of 14.5% during the forecast period 2019 - 2024. 

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Top Leading Companies of Global Smart Watch Market are Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc., Fossil Group Inc., Huawei Technologies Co. Ltd, Sony Corporation, Lenovo Group Limited, Huami Corporation, LG Electronics Inc., Polar Electro OY and others.

Industry News and Updates:

- September 2019 - Garmin unveiled new Venu smartwatch and adult Marvel watches. The Garmin Venu, VivoActive 4, VivoMove 3 and Legacy Heroes Series are all designed to give a tougher competition for the Apple Watch.
- August 2019 - Samsung launched Galaxy Watch Active 2, which comes with an improved heart rate and an accelerometer. It also features a haptic-response touch bezel instead of a physical one.
- February 2019 - Samsung introduced a new smartwatch that claimed to monitor blood pressure and keep better track of the person's physical health every day. Samsung is looking at measuring variation in blood pressure and not absolute blood pressure, which makes the person aware of his/her blood pressure activity.

Key Market Trends:

Medical and Fitness to Account for a Significant Market Share

- Monitoring health has been the most advantageous aspect of wearables technology. Not only does it help fitness-enthusiasts by providing them with necessary health parameters but also aids patients by providing insights on their conditions. People are more worried about their health and this has led to an increase in shipment of fitness trackers. Since every smartwatch has a component of a fitness tracker, the popularity growth of smartwatch is increasing significantly, as it has multi-functional features for recording health parameters.
- Saving on both the time and resources, smartwatches are helping doctors by rendering some complex and significant information. Medical professionals are being backed by this data in solving puzzles, like what would be the impact of a new drug, or the constant monitoring of recovery status of an operated patient and much more.
- The accelerometers built into smartwatches can potentially be deployed to detect seizures and tremors, particularly with conditions like epilepsy. When epilepsy seizures happen, quick and effective treatment is an essential part of making sure the risks of long-term damage to the body are minimized. If smartwatches can be used to alert friends, family, and healthcare workers about seizures that could make a huge difference for the patient recovery.
- Fitbit is working towards clinical validation and regulatory approval of its software for use in detecting health conditions, such as sleep apnea and atrial fibrillation, which will help in promoting health fitness and growth of the market.

North America to Hold a Major Share

- The North American market is growing rapidly due to recent innovations in smartwatch products. With the evolution of new technologies, the number of applications of this technology is increasing in the North American region.
- The United States is one of the first countries to implement virtual SIM cards and integrate them into smartwatch technology. This may boost the market for manufacturers, who are seeking to use smartwatches in the standalone device category.
- Moreover, nearly three-quarters of American men and more than 60% of women are obese or overweight, which increases the usage of smartwatch, which helps them track their steps every day, the calories they burn, the miles they run or swim, the time they spend sleeping, or register their pulse rate. By donating this data to science, it can stir up medical research and trials.
- LooK Watch is a unique standalone smartwatch and the first ever to be connected to an Internet of Things (IoT) platform in the United States. One can make and receive phone calls from the LooK Watch itself, without being paired to the cellphone. It has more features, such as integrated SOS button, GPS features, fall detection, response system, etc., which drives the market growth.

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Highlights of the Smart Watch Market Report:

– Detailed overview of Smart Watch Market
– Changing the Smart Watch market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Smart Watch market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Smart Watch Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Smart Watch Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Smart Watch industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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