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The Worldwide Smart Watch Market to 2026: Projected to Grow at a CAGR of 18.9% - ResearchAndMarkets.com

January 18, 2019

DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Smart Watch - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Global Smart Watch market accounted for $41.77 million in 2017 and is expected to reach $198.9 million by 2026 growing at a CAGR of 18.9% during the forecast period.

Some of the key factors propelling the market growth are the meteoric rise in demand for wireless sports and fitness devices, heart rate monitoring, GPS tracking.

Additionally, new applications and launch of the wristband, smart bracelet, wearable computer and fitness belt by big brands are considered as the market growth opportunities.

However, the cost of smartwatch and lack of proper IT infrastructure are restraining factors for the growth of the smartwatch market.

Based on the sales channel, online e-commerce chain segment has lucrative market growth due to the increasing demand for smartwatch; the vendors in the market are providing their smartwatch also in the form of accessories online.

By operating system, android segment acquired significant growth in terms of user-base, and it was logical to design watch operating systems compatible to android-powered smartphones.

On the basis of geography, North America region is projected to fuel the market due to the introduction and sale of prominent companies products, results in a higher revenue generator than any other region in the world.

Products Covered:

Standalone Extension Classic

Sales Channels Covered:

Unorganized Retail Store Online e-Commerce Chain Organized Retail Chain

Age Groups Covered:

55 + Years 35-54 Years 25-34 Years 15-24 Years 2- 14 Years

Operating Systems Covered:

Windows Android iOS Other Operating Systems

Ranges Covered:

Low Price Medium Price High Price

Applications Covered:

Medical/Health Sports Personal Assistance Wellness Other Applications

Companies Profiled:

Apple Inc. Sony Corporation Samsung Group Sonostar Inc. Google Inc. Fitbit Inc. Fossil Garmin Ltd. Timex Group Inc. Qualcomm Inc. Meta Watch Ltd. Neptune Pine LG Electronics Inc. Pebble Technology Corporation Connected Device Ltd. Razer Inc. TomTom International B.V. Lenovo Group Limited ASUSTeK Computer Inc. Alphabet Inc.

For more information about this report visit https://www.researchandmarkets.com/research/xvwvw3/the_worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005199/en/

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Related Topics:Wearable Technology

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS MOBILE/WIRELESS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/18/2019 07:29 AM/DISC: 01/18/2019 07:29 AM

http://www.businesswire.com/news/home/20190118005199/en

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