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Smartwatch Market Share, Price Trends, Forecast by 2021-26

  • According to the latest report by IMARC Group, titled “Smartwatch Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026”, the global smartwatch market reached a value of US$ 19.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18% during 2021-2026.

    We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

    Request Free Report Sample: https://www.imarcgroup.com/smartwatch-market/requestsample

    A smartwatch refers to a wearable computing device that helps with timekeeping. It can be connected with smartphones through Bluetooth and third-party applications to provide enhanced features, such as monitoring heart rate, tracking daily activities, and setting alarm and reminders. A smartwatch can consist of a touchscreen display that offers additional functionalities, including displaying weather information, navigation, listing stock prices, texting, and making phone calls. As compared to traditional watches, smartwatches can collect, process, and react to stimuli from the real world.

    Global Smartwatch Market Trends:

    The rising adoption of smart devices represents the key factor driving the global smartwatch market growth. In confluence with this, the proliferation of smartphones and improved internet connectivity are further inflating the product sales across the globe. Moreover, the increasing number of technologically literate consumers, especially in the developing economies, and the escalating demand for aesthetically appealing, multifunctional smart products are catalyzing the market growth. The rising participation in sports and fitness activities, facilitated by the growing health consciousness, has encouraged individuals to keep a track of their daily fitness regime. This, in turn, has prompted manufacturers to integrate artificial intelligence (AI), global positioning system (GPS), and waterproof technologies to ensure smart diagnostics. Furthermore, the adoption of smartwatches significantly increased amidst the outbreak of coronavirus disease (COVID-19) due to the growing need to accurately monitor various health parameters, such as oxygen saturation and blood pressure levels. Looking forward, the market is expected to grow at a CAGR of 18% during 2021-2026.

    Smartwatch Market 2021-2026 Competitive Analysis and Segmentation:

    Competitive Landscape With Key Players:

    The competitive landscape of the global smartwatch market has been studied in the report with the detailed profiles of the key players operating in the market.

    Some of these key players include:

    • Apple Inc.
    • Fitbit Inc. (Alphabet Inc.)
    • Fossil Group Inc.
    • Garmin Ltd
    • Huawei Technologies Co. Ltd.
    • LG Electronics Inc.
    • Samsung Electronics Co. Ltd.
    • Sony Corporation
    • Withings
    • Zepp Health Corporation

    Key Market Segmentation:

    The report has segmented the global smartwatch market on the basis of product, operating system, application, distribution channel and region.

    Breakup by Product:

    • Extension
    • Standalone
    • Hybrid

    Breakup by Operating System:

    • WatchOS
    • Android
    • Others

    Breakup by Application:

    • Personal Assistance
    • Healthcare and Wellness
    • Sports
    • Others

    Breakup by Distribution Channel:

    • Online Stores
    • Offline Stores

    Breakup by Region:

    • North America
    • Asia-Pacific
    • Europe
    • Latin America
    • Middle East and Africa

    Explore Full Report with TOC List of Figure: https://www.imarcgroup.com/smartwatch-market

    Key highlights of the report:            

    • Market Performance (2015-2020)
    • Market Outlook (2021-2026)
    • Industry Trends
    • Market Drivers and Success Factors
    • The Impact of COVID-19 on the Global Market
    • Value Chain Analysis
    • Structure of the Global Market
    • Comprehensive mapping of the competitive landscape

    If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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    About Us                                                                      

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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