Press release
Smart Watch Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments
Smart Watch Global Market Report 2024
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=3134&type=smp
According to The Business Research Company's, The smart watch market size has grown rapidly in recent years. It will grow from $77.91 billion in 2023 to $91.8 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to fitness and health tracking, smartphone integration, fashion and style, mobile payments, app ecosystem.
The smart watch market size is expected to see rapid growth in the next few years. It will grow to $156.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to healthcare and medical monitoring, smart home integration, 5g connectivity, environmental and sustainability features, augmented reality (ar) and virtual reality (vr) support. Major trends in the forecast period include extended battery life, health and wellness ecosystems, advanced sensors, customizable straps and watch faces, fashion-tech collaborations.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/smart-watch-global-market-report
Market Drivers and Trends:
The increasing health awareness among consumers is a key factor driving the growth of the smartwatch market. Through a smartwatch, the user can take the necessary precautions in advance about health. The doctors can easily monitor the health status of patients remotely and can maintain, prescribe or treat them as required. For instance, in August 2022, Samsung Electronics, a South-Korea based company, announces Galaxy Watch5 Series. This Galaxy Watch5 series enables Bioactive sensor that allows for accurate digital health tracking and sleep monitoring. It incorporates a single, one-of-a-kind chip that combines three strong health sensors that are optical heart rate, electrical heart signal, and bioelectrical impedance analysis to provide comprehensive measurements such as heart rate, blood oxygen level, and even stress level. This increasing number of people are using digital tools such as smartwatch to address critical health needs rather than just exercise tracking. Therefore, the increase in health awareness among the consumer is expected to drive the smartwatch market growth.
Internet of things (IoT) driven smart watches is highly preferred choice of smart watches. Smart watches connected to the internet offer a wide range of features such as time, health monitoring, and fitness tracking, receives calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user's life. With increasing consumer's interests towards health and fitness, convenience in day-to-day activities and smart homes, wearable IoT devices such as smart watches offer various features. in 2021, Samsung achieved highest quarterly shipments of smart watches with the launch of the Galaxy Watch 4 series.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Apple Inc., Garmin, Fitbit, Motorola, Sony Corporation, LG Electronics, Huawei Technologies Co. Ltd., Fossil Group Inc, Google Inc., Lenovo Group Ltd, Qualcomm, TomTom International BV, ASUSTeK Computer Inc., ConnectDevice Ltd, Huami Corp, Mobvoi Information Technology Company Ltd, Samsung Electronics Co. Ltd., Imoo, Amazfit, Garmin, Fitbit, TomTom International, Amazon, Pebble, Maritime, Suunto, Mobvoi, Tag Heuer, Polar Electro, Casio Computer Co. Ltd., Vector Watch, Nixon Inc., Misfit, Withings, Polaroid, Alcatel, Archos
Smart Watch Market 2024 Key Insights:
• The smart watch market size is expected to see rapid growth in the next few years. It will grow to $156.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.
• Health Awareness Driving Growth In The Smartwatch Market
• Development Of IOT-Driven Smart Watches
• Asia-Pacific was the largest region in the smart watch market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=3134&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments here
News-ID: 3726841 • Views: …
More Releases from The Business Research Company
Market Trend Insights: The Impact of Emerging Developments on the Insurance Busi …
The insurance business process outsourcing industry is gaining significant traction as companies seek more efficient ways to manage insurance operations. With evolving technologies and a growing number of insurers, this market is set for considerable expansion in the coming years. Let's explore the current market valuation, key players, emerging trends, and segmentation details shaping this sector.
Projected Growth and Market Size of the Insurance Business Process Outsourcing Market
The insurance…
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the M …
The marine insurance sector is set to undergo significant expansion in the coming years, driven by technological advancements and evolving global risks. This market is adapting to new challenges and opportunities, reflecting shifts in maritime operations and increasing demands for specialized coverage. Here is an in-depth look at the marine insurance market's size, key players, emerging trends, and the main segments fueling its growth.
Projected Expansion and Market Size of Marine…
Analysis of Key Market Segments Driving the Syndicated Loans Market
The syndicated loans market is poised for substantial expansion in the coming years, driven by a combination of financial trends, investor preferences, and global economic factors. This report explores the projected market size, leading players, notable trends, and segmentation to provide a comprehensive overview of this evolving sector.
Expected Market Size and Growth Trajectory of the Syndicated Loans Market
The syndicated loans market is anticipated to experience rapid growth, reaching…
Market Trend Analysis: The Impact of Emerging Developments on the Remittance Mar …
The digital remittance sector is set for remarkable expansion in the coming years, driven by technological innovations and evolving financial regulations. As cross-border money transfers become more seamless and secure, the industry is positioning itself for impressive growth. Let's explore the projected market size, key players, prevailing trends, and detailed market segments shaping this fast-evolving domain.
Forecasted Market Size and Growth of the Digital Remittance Market
The digital remittance market…
More Releases for Watch
Lux Watch Care Redefines Luxury Watch Storage and Care in Australia
Lux Watch Care, a leading provider of premium watch accessories, is setting a new benchmark for luxury watch storage and maintenance in Australia. Specializing in meticulously crafted watch winders, boxes, and rolls, the brand is dedicated to serving the needs of watch collectors and enthusiasts nationwide. With an unwavering commitment to quality and innovation, Lux Watch Care ensures every timepiece is stored, displayed, and maintained with the elegance it deserves.
A…
FITNUS WATCH REVIEW 2023: IS FITNUS WATCH LEGIT? ( FITNUS WATCH AMAZON
The Fitnus watch is a wearable device that combines fitness tracking and smartwatch functionality in one sleek and stylish package. Designed with a focus on the needs of seniors, Fitnus aims to provide a low-cost alternative to larger, more expensive smartwatch brands while still delivering essential health and fitness features.
Fitnus is primarily marketed towards the elderly demographic, offering a user-friendly interface and a range of health monitoring capabilities. It is…
KINETIC PRO WATCH REVIEWS:DON'T BE FOOLED!IS KINETIC PRO WATCH LEGIT ?
Kinetic Pro Watch has taken the USA market by storm with its exceptional effectiveness, making it a highly sought-after fitness watch. This legit product has garnered a solid reputation for its ability to meet the diverse needs of health-conscious individuals. With a remarkable Google rating of 4.7, it's evident that the Kinetic Pro Watch has won the hearts of countless users who have experienced its outstanding features and functionalities.
In today's…
Global Luxury Watch Market, Global Luxury Watch Industry, Covid-19 Impact Global …
Luxury watch is a specific type of an exclusive high-end watch that has better quality of products and flawless methods used in the manufacturing process for the same. Various inventive advertising methods combined with advanced products presented by the manufacturers have created a dizzying demand for the product. These watches are a minimal improvement over conventional clocks, with sophisticated functions and features that result in their great value. In addition,…
Fitronix Fitness Watch Review-Does Fitronix Fitness Watch Work-Complete Info
Fitronix Fitness Watch Review Is It the reliable Business? >> The article consists of information, specification, advantages, and cons, and exchange and returns coverage of the Fitronix Fitness Watch.
In recent years, life has become greater traumatic than it has ever been. As a outcome, increasingly human beings are laid low with strain-related problems. Studies have observed that strain appears to worsen or increase the chance of situations like obesity, coronary…
RockFit Watch Review-Does RockFit Watch Work-Complete Info
RockFit watch is a health and health tracker smartwatch that enables you check your exercising development. According to the official website, this device does no longer only preserve note of what number of energy you’ve burned or how many steps you've got walked, however it also monitors your blood pressure, heart charge, and sleep metrics. http://claimspecialdiscount.site/Get-RockFitWatch-Now
Therefore, with a watch along with this one, you may readily live up to date…
