openPR Logo
Press release

Smartwatches Market to Witness Impressive Growth in the Near Future

06-26-2017 09:47 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Smartwatches Market

Smartwatches Market

A smartwatch is a wrist-worn type of wearable device providing various functionalities to its user and acting as a companion device with smartphones. Smartwatches are mostly need to be paired with a smartphone using any connecting technology such as near-field communication (NFC) or Bluetooth. Smartwatches provide notifications to its user and can also be used to track health parameters such as heart rate, distance traveled, etc. Moreover, smartwatches can also be used as a GPS device. Smartwatch provide high degree of connectivity to its users and are useful for the group that aims health related purposes and fitness tracking. Global smartphone shipments are expected to increase continuously in the coming years due to developing network infrastructure and increasing internet penetration. The global smartwatch market was valued at US$ 701.2 Mn in 2013 and is expected to grow at a CAGR of 53.6% during the forecast period 2014 – 2020.

Obtain Report Details @
http://www.transparencymarketresearch.com/smart-watch-market.html

On the basis of price range, the global smartwatches market is segmented into high-end smartwatches, mid-end smartwatches, and low-end smartwatches. Smartwatches with price above US$ 250 are considered under high-end smartwatches segment. High-end smartwatches segment is anticipated to witness strong growth in next few years (2015 - 2017) due to number of large smartphone manufacturers such as Apple Inc., Samsung Electronics Inc., and Sony Corporation focusing on the development and launch of their high-end smartwatch models. However, unwillingness to pay above US$ 250 for a smartwatch and low awareness pertaining to wearable technology and products is the major concern for the growth of smartwatches market. Furthermore, limited battery life and its effect on overall performance are expected to restrain the global smartwatch market. Currently, the companies offering high-end smartwatches overrun the global smartwatch market. However, growing commercialization activities, and research and development is anticipated to result in significant number of mid-end and low-end smartwatch models over the forecast period.

Access PDF Brochure at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3266

In 2013, North America was the largest market for smartwatches in terms of revenue. The region has experienced significant adoption of high-end smartwatches due the presence of tech-savvy and health conscious users in this region. Fitness and health are expected to remain the major applications of smartwatches over the forecast period. This is attributed mainly to the high smartphone penetration in the North American region. Furthermore, awareness among end-users and higher purchasing power is anticipated to drive the regional market over the forecast period 2014 – 2020. Europe and Asia Pacific are anticipated to witness healthy growth over the forecast period. Demand from countries such as China, India, Japan, and Australia is anticipated to drive the Asia Pacific market in the next few coming years. Mass adoption of mid-end and low-end smartwatches in Asia Pacific, Latin America, and Eastern Europe is expected to drive the demand for this market over the forecast period.



The global smartwatches market is led by players such as Pebble Technology Corporation, Samsung Electronics Co. Ltd., Apple Inc., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd., Qualcomm Incorporated and others.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Smartwatches Market to Witness Impressive Growth in the Near Future here

News-ID: 596701 • Views: 534

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for Smartwatch

Smartwatch Market Research Report Study by 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Smartwatch Market : The Future of Smartwatch
Rise in demand for handy fitness & sports devices, increase in health awareness, and large number of product offerings by major players are projected to propel the growth of the global smartwatch market "Smartwatch Market by Type Product (Extension, Classic & Standalone smartwatch) and Application (PA, Wellness, Medical/ Health, Sports): Global Opportunity Analysis and Industry Forecast, 2013-2020". The report provides in-depth analyses of the top winning strategies, drivers & opportunities,
Smartwatch Market Increasing the Growth Worldwide
Global Smartwatch Market has a potential to reach $32.9 billion by 2020, registering a CAGR of 67.6% during 2014 - 2020, according to new research published by Allied Market Research. Popular highlights of the Smartwatch Market that are noteworthy are, based on type, the Extension Smartwatch sales was the source for approximately 4/5th of the revenue generated by the global Smartwatch market in 2013. Standalone smartwatch, which was nearly 1/10th
Smartwatch Market - Eliminating Innovations 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Smartwatch Market Propitious opportunities 2025
Global Smartwatch Market: Snapshot Smart watches are touted as next generation wearable device as they gradually eat into the market share of their indigenous counterparts. With rapid advances in technology and nonstop innovations, smartwatches pose significant threat to personal devices and watches industries. Furthermore, with the advent of 3G and 4G enabled smartwatches, which are available in varying watch faces, has stoked their salability. Furthermore, breakthroughs in artificial intelligence, meaning learning,
Global Smartwatch Market (2014-2020)-GMI Research
Global Smartwatch by Price Band and Operating Systems Market Analysis and Forecast 2014-2020 The global smartwatch industry has grown significantly in recent years and most of the electronics companies rushed to launch their own version of smartwatch. Currently Samsung, Google and Apple dominates the global smartwatch market, however in the future the number of players offering smartwatch is expected to increase which leads to more competition. Smartwatch is an electronic wearable