Smart Watch Market in 2018: Rising Demand, Trends and Future Technology by 2024
Global Smart Watch Market - Analysis and Forecast (2018 – 2024) Industry Insights by Product (Classic, Extension and Standalone), by Operating System (Android, iOS and Others), by Application (Wellness, Medical, Personal Assistance, Sports and Others)
Global Smart Watch Market - Analysis and Forecast (2018 – 2024)
Industry Insights by Product (Classic, Extension and Standalone), by Operating System (Android, iOS and Others), by Application (Wellness, Medical, Personal Assistance, Sports and Others)
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Global <strong>Smart</strong><br />
<strong>Watch</strong> <strong>Market</strong><br />
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Global <strong>Smart</strong> <strong>Watch</strong> <strong>Market</strong><br />
Industry Overview<br />
The global smart watch market size is grow<strong>in</strong>g at a CAGR of 20.7% dur<strong>in</strong>g the forecast period, reach<strong>in</strong>g<br />
USD 46.6 billion <strong>by</strong> <strong>2024</strong>. <strong>Smart</strong> watches are extensively be<strong>in</strong>g used for record<strong>in</strong>g <strong>and</strong> track<strong>in</strong>g health<br />
considerations for <strong>in</strong>stance body temperature <strong>and</strong> blood pressure levels. Technological upgradation <strong>in</strong><br />
smart watches <strong>by</strong> key players, <strong>and</strong> <strong>in</strong>creas<strong>in</strong>g dem<strong>and</strong> for wireless health monitor<strong>in</strong>g devices <strong>and</strong> remote<br />
patient monitor<strong>in</strong>g are the major factors that are driv<strong>in</strong>g the growth of the smart watch market across<br />
the globe.<br />
© <strong>2018</strong> VynZ Research All rights reserved
Global <strong>Smart</strong> <strong>Watch</strong> <strong>Market</strong><br />
Growth Drivers<br />
The <strong>in</strong>creas<strong>in</strong>g responsiveness perta<strong>in</strong><strong>in</strong>g to personal health <strong>and</strong> fitness is expected to drive the growth<br />
of the smart watch market due to the establishment of large numbers of health <strong>and</strong> fitness monitor<strong>in</strong>g<br />
applications worldwide. Moreover, <strong>in</strong>creas<strong>in</strong>g number of smart watches enabled controlled automotive<br />
proficiencies is another factor that is driv<strong>in</strong>g the growth of smart watch market across the globe.<br />
Companies are excessively establish<strong>in</strong>g systems that enable the users to unlock <strong>and</strong> lock the cars with<br />
the use of smart devices <strong>and</strong> also provid<strong>in</strong>g technology to start the car with the help of a remote.<br />
There are various smart watches that enable remote start system, connect<strong>in</strong>g the car with a wireless<br />
network <strong>and</strong> remote start technology, this is boost<strong>in</strong>g the dem<strong>and</strong> of smart watches <strong>in</strong> the automotive<br />
doma<strong>in</strong> across the world.<br />
© <strong>2018</strong> VynZ Research All rights reserved
Global <strong>Smart</strong> <strong>Watch</strong> <strong>Market</strong><br />
Geographic Overview:<br />
Geographically, smart watch market <strong>in</strong> Asia-Pacific is expected to witness the highest growth dur<strong>in</strong>g the<br />
forecast period due to the technological advancements <strong>and</strong> <strong>in</strong>creas<strong>in</strong>g dem<strong>and</strong> for high-end wearable<br />
devices. North America hold the major share of the smart watch market <strong>and</strong> also anticipated to witness<br />
significant growth dur<strong>in</strong>g the forecast period. The growth of smart watch market <strong>in</strong> this region is<br />
attributed towards massive adoption of IoT devices <strong>in</strong> this region along with advanced mobile<br />
technology.<br />
© <strong>2018</strong> VynZ Research All rights reserved
Global <strong>Smart</strong> <strong>Watch</strong> <strong>Market</strong><br />
Competitive Insight<br />
The key players <strong>in</strong> the smart watch market <strong>in</strong>clude Alphabet Inc., Fitbit Inc., Lenovo Group Limited, Sony<br />
Corporation, Garm<strong>in</strong> Ltd., LG Electronics, Samsung Electronics Co. Ltd., ASUSTeK Computer Inc., TomTom<br />
International BV, <strong>and</strong> Apple Inc.<br />
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© <strong>2018</strong> VynZ Research All rights reserved
Global <strong>Smart</strong> <strong>Watch</strong> <strong>Market</strong><br />
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