Global Smartwatch Market size was valued at US$ 20647 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 21.4% for the forecast period ending 2026 reaching a Market value of US$ 96318 million.
From the perspective of the Product market segmentation, the report covers Extension, Standalone, Classical. This segment of the Smartwatch market is expected to drive growth in the coming years owing to various positive trends, primarily the increasing applications.
The key and positive trends of the segment include:
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The study of smartwatch in this report emphasizes on various products, operating systems, and corresponding applications. Different operating systems such as watchOS, android, Linux, and others are available in the market. Many leading vendors such as Apple, Xiaomi, Fitbit, and others are operating in this segment. Various features include notifications, alerts, apps, answer messages by voice, media management, fitness tracking, and a very good battery life. The market size revenue considered in the report is revenue earned by companies by selling smartwatch. From application perspective, the report analyzes the market according to personal assistance, wellness, healthcare, sports, and others. The companies operating in the market have adopted strategies such as collaboration, partnership, product launch, R&D, and acquisition to increase their market share and expand their geographical presence. The global smartwatch market is analyzed and estimated in accordance with the impact of the drivers, restraints, and opportunities. The period studied in this report is from 2019 to 2026, wherein the forecast period is from 2020 to 2026.
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SmartWatch Market Segmentations |
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By Product Type |
1. Stand-Alone Smartwatch |
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2. Wireless Smartwatch |
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By Operating System |
1. Android |
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2. WatchOS |
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3. RTOS |
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4. Tizen |
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5. Others |
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By Region |
1. North America (US and Canada) |
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2. Europe (UK, Germany, France and Rest of Europe) |
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3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) |
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4. Latin America (Brazil, Mexico and Rest of Latin America) |
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5. Middle East & Africa (GCC and Rest of Middle East & Africa) |
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Report Scope:
A study is an effective tool for addressing Research insights relevant for business strategies like:
--> New product launch
--> New client acquisition
--> New opportunity mapping (market level and geography level)
--> Competitive benchmarking
--> Cost optimization strategies
--> Inorganic expansion plans
The market segments are identified and analyzed keeping in mind the Smartwatch market ecosystem as a whole.
The standalone segment was the highest contributor to the global smartwatch market, with $11,869.0 million in 2019, and is estimated to reach $64,791.7 million by 2026, at a CAGR of 22.1% during the forecast period. The standalone and extension segments collectively accounted for around 95.0% market share in 2019, with the former constituting around 57.5% share. The standalone and classical segments are expected to witness significant CAGRs of 22.1% and 18.5%, respectively, during the forecast period. The cumulative share of these two segments was 62.5% in 2019 and is anticipated to reach 71.9% by 2026.
From a geographic segmentation perspective, the report focuses on the regions that have a material and significant effect on the overall market value. The broad level coverage of the report includes the regions of Global, North America, Europe, APAC, MEA, LatAm
By region, the global smartwatch market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries. North America was the highest revenue contributor, accounting for $7,420.5 million in 2019, and is estimated to reach $29,136.2 million by 2026, with a CAGR of 17.1%. Asia Pacific is estimated to reach $36,119.3 million by 2026, at a significant CAGR of 23.0%. North America and Asia-Pacific collectively accounted for around 66.1% share in 2019, with the former constituting around 35.9% share. Asia Pacific and LAMEA are expected to witness considerable CAGRs of 23.0% and 20.2%, respectively, during the forecast period. The cumulative share of these two segments was 36.5% in 2019, and is anticipated to reach 44.0% by 2026
Competitive Landscape:
The Smartwatch market is fairly fragmented. While the key companies continue to drive innovation and, in most cases, adopt digital transformations, the overall competitive ecosystem is dominated by Market leaders as well as emerging players with niche offerings
The Smartwatch market report profiles some of the key market players while reviewing significant market developments and strategies adopted by them.
While looking at Organic and Inorganic strategies separately, the report studies not only outlook based (short-mid-long term), but also strategy based (strategic vs operational) market activity.
Companies profiled in this market report include:
The Covid19 pandemic has transformed the market landscape. The market ecosystem has taken a directional shift in the way supply-side of the market is accessed. The report covers the aftermath of the Covid19 catastrophe.
Customization on the SmartWatch Market
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