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Rising prevalence of chronic diseases, diabetes, hypertension, increasing disposable income, increasing demand for AI-enabled smart watches, and rapid growth in the consumer electronics sector are key factors boosting market growth <br><br>
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Smart Watch Market Report 2021-2028 www.emergenresearch.com The global Smart Watch market size was valued at USD 23.98 Billion in 2020 and is forecasted to reach USD 95.78 Billionby 2028 at a CAGR of 19.1%.
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Market Summary The global smart watch market size is expected to reach USD 95.78 Billion in 2028 and register a CAGR of 19.1%, according to the latest report by Reports and Data. Key factors such as increasing public awareness about health, emergence of several market players, and technological advancements in smart watches are driving global market revenue growth. A smart watch is a wearable computing device that is capable of performing various activities such as making/receiving calls, messaging, fitness tracking, internet connectivity, weather updates, GPS tracking when paired with smartphones. These smart watches are often used by fitness enthusiasts to keep a track of their exercises and daily activities and can also be used to play music or games and track health of the patient in real-time. Some Key Highlights From the Report 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 major players operating in the smart watch market. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • Among the product type, the standalone segment is expected to register rapid revenue CAGR throughout the forecast period. Increasing demand for smart watches with SIM cards that can receive calls and send text messages without being connected to smartphones and high usage of standalone smart watches by people engaged in outdoor activities such as travelling or hiking are key factors boosting segment revenue growth. • Among the application segments, the personal assistance segment is expected to account for largest revenue share over the forecast period. Rising health awareness, increasing adoption of smart devices and high usage of voice-recognition virtual assistants for monitoring daily activities are key factors boosting segment growth. • The smart watch market in North America is expected to account for largest revenue share throughout the forecast period. High revenue share is attributed to factors such as rising sales of consumer electronics such as smartphones, laptops, smart watches, increasing health awareness among consumers, technological advancements in smartwatches, and increasing prevalence of chronic diseases and diabetes. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/734 www.emergenresearch.com
Market Summary • For this study, Emergen has segmented the global smart watch market based on product, operating system, application, and region: • Product Outlook (Revenue, USD Billion, 2018 - 2028) • Extension • Classical • Standalone • Operating System Outlook (Revenue, USD Billion, 2018 - 2028) • Android • Windows • iOS • Others • Read More@https://www.emergenresearch.com/industry-report/smart-watch-market
Market Summary • For this study, Emergen has segmented the global smart watch market based on product, operating system, application, and region: • Application Outlook (Revenue, USD Billion, 2018 - 2028) • Wellness • Sports • Personal Assistance • Health • Others • Press Release @ https://www.emergenresearch.com/press-release/global-smart-watch-market
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