Press release
Smart Watch Market Size, Review, Key Findings, Growth Strategy, Trends And Global Forecast (2021 - 2031) With a CAGR of 19%
Smart devices have gained immense popularity over the past decade and have seen a substantial rise in demand and sales alike. Smart watches are devices that are capable of performing multiple tasks and are equipped with sensors that allow them to monitor various health parameters such as heart rate and calorie consumption, which makes them a popular choice among health-aware people and tech-savvy people alike.
Increasing adoption of smart devices, rising demand from emerging economies, increasing disposable income, and rising technological proliferation are some of the major factors driving demand for smart watches.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/19378
Prime manufacturers are investing in expanding their product portfolios to meet rising demand for more advanced and feature-heavy smart watches that are capable of performing multiple tasks.
• In September 2021, Withings, a French consumer electronics company, announced the launch of its new cardiac-monitoring smartwatch with a luxury look. The ScanWatch Horizon is equipped with multiple heart health features.
• In November 2021, Motorola announced the launch of its smartwatch - Moto Watch 100. The watch is the first to run on Motorola's proprietary Moto OS, which is claimed to be focused on health with a battery life of 14 days.
Key Takeaways from Market Study
• Over the next ten years, the global smart watch market is estimated to rise at a CAGR of 19%.
• Demand for smart watches from the Asia Pacific region is expected to be highest among all regions.
• Rising proliferation of technology, increased demand for smart devices from emerging economies, and high demand from the millennial population are some of the major factors driving smart watch sales.
• By the end of the decade, market sales revenue is estimated to top US$ 120 Bn.
• Apple, Samsung, and Garmin are leading smart watch manufacturers in terms of sales and market share.
"Demand from economies such as India and China is expected to be majorly influential in shaping the smart watch market on a global scale," says a Persistence Market Research analyst.
Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/19378
Competitive Landscape
The global market for smart watches has been identified as a fairly fragmented space due to the presence of a high number of market participants.
Some of the key market players included in the report are
• Fitbit Inc.
• Samsung Electronics Co., Ltd
• Sony Corporation
• Garmin Ltd.
• Fossil Group, Inc.
• Huawei Technologies Co., Ltd.
• Xiaomi Corporation
• Nokia Corporation (Withings)
• LG Electronics Inc.
• Others
The above are identified as key suppliers of smart watches. These market participants are engaged in market expansion activities and are investing in expanding their product portfolios to boost their sales across various geographies.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a revised market research report on the global smart watch market that contains industry analysis of 2016-2020 and opportunity assessment for 2021-2031.
The report provides an in-depth analysis of the market through different segments, namely, type, operating system, age group, price range, sales channel, and region. The report also provides supply and demand trends along with an overview of the parent market.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/19378
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.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 Smart Watch Market Size, Review, Key Findings, Growth Strategy, Trends And Global Forecast (2021 - 2031) With a CAGR of 19% here
News-ID: 2809379 • Views: …
More Releases from Persistence Market Research
Veterinary Software Market to Reach USD 2.7 Billion by 2032, Expanding at 7.2% C …
The global veterinary software market is forecast to expand at a CAGR of 7.2% and thereby increase from a value of US$ 1.6 Bn in 2025 to US$ 2.7 Bn by the end of 2032. Rising pet ownership, growing demand for digital healthcare solutions, and the integration of advanced technologies such as cloud-based platforms, AI, and IoT into veterinary practices are reshaping the industry. As veterinary clinics, hospitals, and research…
Clamp Meter Market Poised for Expansion Amid Rising Electrical Safety and Energy …
Market Overview
The global clamp meter market has become a pivotal segment of the electrical testing and measurement industry, growing at a healthy pace due to rising demand for safe and efficient electrical diagnostics. Valued at US$32.1 billion in 2024, the market is forecast to expand to US$54.3 billion by 2031, reflecting a CAGR of 7.8%. This robust expansion is supported by rapid industrialization, advancements in testing technologies, and heightened emphasis…
Bend Testing Machine Market Poised for Expansion with Rising Demand in Construct …
Market Overview
The global bend testing machine market is forecast to expand at a robust CAGR of 13.5%, increasing from an estimated value of US$58.7 Bn in 2024 to reach US$142.4 Bn by 2031. Bend testing machines are critical tools for evaluating the mechanical properties, flexibility, and durability of materials, ensuring compliance with stringent safety and quality standards across industries such as automotive, aerospace, manufacturing, and construction. Their role in quality…
EEG, EMG, and Evoked Potential Devices Market to Reach US$ 2.6 Bn by 2032 - Pers …
Market Overview
The EEG, EMG, and Evoked Potential Devices Market is expanding at a remarkable pace, reflecting the rising prevalence of neurological and neuromuscular disorders and the global emphasis on early diagnosis. Valued at US$ 1.6 billion in 2025, the market is projected to reach US$ 2.6 billion by 2032, registering a CAGR of 7.2% during the forecast period. Growing demand for non-invasive monitoring tools, increased patient awareness, and technological advancements…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
