Smart Watch Market Latest Innovations, Demand and Business Outlook by 2026

The Smart Watch Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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 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.

Competitive Landscape:

- 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.

By Operating System:

Watch OS

Android/Wear OS

Other

By Display Type:

AMOLED

PMOLED

TFT LCD

By Application:

Personal Assistance

Medical

Sports

Other

Regional Analysis:

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.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Smart Watch Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Watch Market (%),2016 - 2026
- Smart Watch Market Share, By Brand
- Smart Watch Market Share, By Company
- Smart Watch Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Watch Market Value Analysis & Forecast
- Promising Smart Watch Development by Major Companies
- Detailed Smart Watch Portfolio of the Major Companies
- Major Deals in the Smart Watch Market
- Major Companies Analysis

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