Market size: US $ 23.98 billion in 2020, market growth rate: CAGR of 19.1%
— Emergen Research
Vancouver, British Columbia, Canada, June 16, 2022 /EINPresswire.com/-According to the latest report from Emergen Research, the global smartwatch market will reach US $ 95.78 billion in 2028, recording a CAGR of 19.1%. Is expected. Key factors such as increased public awareness of health, the emergence of several market players, and technological advances in smartwatches are driving revenue growth in the global market.
In addition, the report provides a comprehensive analysis of the impact of the COVID-19 crisis on the market. It provides in-depth insights into the impact of COVID-19 on the industry at the regional and industry levels. The report also covers development and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides insights into the situation after COVID-19.
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The report is a comprehensive research study of the global smartwatch market, including the latest trends, growth factors, developments, opportunities, and competitive landscapes. Research studies include detailed market analysis using advanced research methods such as SWOT analysis and Porter’s Five Forces analysis. Reports are created using data collected from primary and secondary surveys surveyed and validated by industry experts. The report provides an overview of segmentation and technological advances by market leader, type, application, and region.
The report further explores key business players, along with detailed profiling, product catalogs, and strategic business decisions. The key players surveyed in the report are Samsung Electronics Co. Ltd., Fossil Group Inc., Sony Corporation, LG Electronics Inc., Lenovo Group Limited, Fitbit Inc., Garmin Ltd., Apple Inc., Huawei Technologies, Motorola. , And Polar Electro Oy are the leading players in the smartwatch market.
Some important highlights of the report:
Among the product types, the standalone segment will register a rapid revenue CAGR over the forecast period. The growing demand for smartwatches with SIM cards that can send calls and text messages without connecting to a smartphone, and the high utilization of stand-alone smartwatches by people engaged in outdoor activities such as travel and hiking are in the segment. It is an important factor that supports profit growth.
Based on the operating system, the iOS segment will be significantly between 2021 and 2028 due to factors such as increased disposable income, high adoption of iOS devices, and availability of advanced iOS operating systems such as RTOS for smarts and WatchOS. Watches that are expected to occupy significant profit growth.
Among the application segments, the Personal Assistance segment is expected to account for the largest revenue share over the forecast period. Increased health awareness, increased adoption of smart devices, and high utilization of voice-recognition virtual assistants to monitor daily activities are key factors driving segment growth.
The North American smartwatch market is expected to have the largest revenue share throughout the forecast period. High revenue shares are due to factors such as increased sales of home appliances such as smartphones, laptops and smartwatches, increased consumer health awareness, technological advances in smartwatches, and the prevalence of chronic illness and diabetes. ..
Type-based smartwatch market segmentation:
Product Outlook (Revenue, US $ 1 Billion, 2018-2028)
expansion
Classic
Standalone
Operating System Outlook (Revenue, US $ 1 Billion, 2018-2028)
Android
Windows
iOS
others
Application-based smartwatch market segmentation:
Application Outlook (Revenue, US $ 1 Billion, 2018-2028)
Wellness
Sports
Personal assistance
health
others
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Regional branches of the smartwatch market include:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, other EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Other APAC)
Latin America (Chile, Brazil, Argentina, and other Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, other MEAs)
The report aims to provide a complete analysis of the global smartwatch market, along with important details about key market players from insightful primary and secondary research data. The report also aims to benefit users by providing constructive data to gain insights into market growth, size, and investment approaches. In addition, the report provides an extensive analysis of the smartwatch market, including key data such as market growth, buyers and vendors, production and consumption, and factors affecting revenue.
For more information on the report, please visit @ https://www.emergenresearch.com/industry-report/smart-watch-market.
Table of Contents (TOC) Highlights:
Overview of the global smartwatch market
Competitive analysis of the smartwatch market
Regional analysis of production and revenue in the global smartwatch market
Regional analysis of supply, consumption, and import / export of the global smartwatch market
Type-based market analysis of global smartwatch production, revenue and price trends
Application-based analysis of the global smartwatch market
Manufacturer profile, manufacturing cost, and upstream and downstream analysis of the global smartwatch market
Global Smartwatch Market Forecast (2020-2027)
Summary of survey report
appendix
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The smartwatch market is worth US $ 95.78 billion by 2028
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