The Global Smart Wearables Market Report provides a complete analysis of the market. The Report focuses on manufacturers, suppliers, segmentation according to the application, major players, customers, opportunities, future roadmap, and furthermore. The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc. Marketing strategies, policies, industry chain that are changing the wave of the market are also catered in the report.
The global smart wearable market was valued at USD 8.312 billion in 2017, and is expected to reach USD 35.36 billion by 2023, registering a CAGR of 27.29% over the forecast period of 2019-2023.
Top Companies in the Global Smart Wearables Market: ADIDAS, APPLE, GOOGLE, FITBIT, MICROSOFT, NIKE, SAMSUNG, SONY, and XIAOMI, and others.
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Aging Population and Growing Awareness toward Health and Fitness
Over the past few decades, in Italy, the geriatric population has increased by over 50%, while the population above 80 years has grown threefold. The national healthcare systems are unable to manage this growing elderly population, through traditional methods. The trends, such as the older adult population and increasing costs in healthcare system, are forcing hospitals to decrease the house treatments, and use technological advancements to treat patients directly at their homes.
Increasing Demand for Wireless Sports and Fitness Devices
The meteoric rise in the demand for wireless sports and fitness devices is widely considered as one of the major drivers for the growth of the smart watch market. Currently, owing to their wide range of monitoring capabilities, the usage of smart watches among cyclers, runners, gym-goers, swimmers, and athletes has been increasing rapidly. GPS tracking, which can help track the distance, elevation climbed, and measure pace, is a key feature in the majority of the smart watches, which attract the athletes and climbers. Heart rate monitoring is a common feature in smart watches, which can monitor automatic, continuous wrist-based heart rates. Smart watches can easily track steps, calories burned, floors climbed, hourly activity, stationary time, and activity time. The wireless synchronization of these watches with smartphones enables users to control music, notifications, alarms, auto sleep, and other functions
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Regional Analysis For Smart Wearables Market:
For comprehensive understanding of market dynamics, Smart Wearables Market is analyzed across key geographies namely: North America, US, Europe, Australia, Mexico, UK, India and others.
Asia-Pacific to Witness the Fastest Growth during the Forecast Period
High growth countries, such as India and China, are driving the growth of the market, as these countries are reported to be one of the largest retail markets in the world. India is one of the largest software and services hubs in the world. With high technical expertise at a local level, the country has easy access to smartphones, at an economical cost. This encourages many app development companies and banking sectors to implement biometric security systems. Rising internet penetration levels in Asia-Pacific is driving the growth in the regional E-commerce sector, thus driving the growth in the market.
Key Developments in the Market
January 2018 – Google recently rolled out the update for Android smart wearable devices. The latest Android 2.8 update brings improvements to watches display performance. The new upgrade aims to make reading on the smart watch simpler, compared to its predecessor.
July 2018 – Huawei launched Watch 2 mid-2018, which will be the first 4G SIM-enabled smart watch available in the Australian market. The watch comes with a standalone connectivity, along with dual-mic noise cancellation, an antennae on the upper watch case for 4G, GPS, Wi-Fi, Bluetooth, and NFC connectivity.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global Smart Wearables Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Smart Wearables Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Reasons to Purchase this report:
-Understanding how the smart wearable market is witnessing growth.
-Analyzing various perspectives of the market with the help of Porters five forces analysis
-The application that is likely to witness highest adoption of these tools.
-The technology type that is expected to dominate the market.
-The regions that are expected to witness the fastest growth during the forecast period.
-SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
-3 months analyst support, along with the Market Estimate sheet (in excel).
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