According to Stratistics MRC, the Global Smartwatch Market is accounted for $24.68 billion in 2020 and is expected to reach $110.46 billion by 2028 growing at a CAGR of 20.6% during the forecast period. Increase in health awareness among the consumers and growth in demand for wireless fitness & sports devices are driving the market growth. However, the high initial cost of smartwatch may hamper the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the growing consumer electronics industry, coupled with a rapid rise of smartwatch market vendors across the emerging economies of the region.
Some of the key players profiled in the Smartwatch Market include Apple Inc., Fitbit Inc, Fossil Group Inc., Garmin Ltd, Huami Corporation, Huawei Technologies Co. Ltd, Lenovo Group Limited, LG Electronics Inc., Polar Electro OY, Samsung Electronics Co. Ltd, and Sony Corporation.
Processor’s Covered:
• Apple S1
• Dual-Core
• Quad-Core
• Single-Core
Display Types Covered:
• Active-Matrix Organic Light-Emitting Diode (AMOLED)
• Interferometric Modulator Display
• Liquid-Crystal Display (LCD) Smartwatches
• Organic Light Emitting Diode (OLED) Smartwatches
• Passive Matrix Organic Light-Emitting Diode (PMOLED)
• Super Active-Matrix Organic Light-Emitting Diode (SAMOLED) Smartwatches
• Thin Film Transistor (TFT) Liquid-Crystal Display (LCD)
Genders Covered:
• Men
• Women
Age Groups Covered:
• 3-14 Years
• 15-24 Years
• 25-34 Years
• 35-54 Years
• 55+ Years
Operating Systems Covered:
• Android/Android Wear OS (Operating System)
• AsteroidOS (Operating System)
• Embedded OS (Operating System)
• Firefox OS (Operating System)
• Linux
• Pebble OS (Operating System)
• Real Time Operating System (RTOS)
• Sailfish OS (Operating System)
• Tizen
• Ubuntu Touch
• iOS/ Apple Watch Kit
• Windows
Price Ranges Covered:
• High Price
• Low Price
• Medium Price
RAM’s (Random Access Memories) Covered:
• 512 MB
• 1 GB
• 2 GB
• 3 GB
• 4 GB
Products Covered:
• Classic Smartwatch/Hybrid Smartwatch
• Companion
• Extension Smartwatch
• Integrated
• Standalone Smartwatch
Wireless Technologies Covered:
• Bluetooth
• Wi-Fi
• Global Positioning System (GPS)
Applications Covered:
• Personal Assistance & Safety
• Wellness
• Healthcare
• Sports
• Media and Entertainment
• Communication
• Fitness
• Other Applications
Sales Channels Covered:
• Online E-commerce Store
• Offline
• Distribution Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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