The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Smartwatches market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Smartwatches
The report offers actionable and valuable market insights of Smartwatches. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Smartwatches Market across various industries and regions.
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The global smartwatches market is prognosticated to see expansion on the back of increasing technological development in the smart products industry. Advanced features such as health and fitness tracking could swell the demand in the global smartwatches market.
Convenience is one factor that is expected to create a whole lot of demand in the global smartwatches market. Increasing technological knowledge of consumers about the usability of smart products could improve the demand in the global smartwatches market. Rising penetration of smartphones and disposable income of consumers are foreseen to catapult the global smartwatches market to the next level.
This newly published and insightful report sheds light on Market Insights of Smartwatches, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Smartwatches Market.
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The report studies important companies operating in the
- smartwatches market viz. Fossil Group Inc.
- Fitbit Inc.
- Beijing Xiaomi Technology Co.
- Apple, Inc.
- Alphabet Inc.
- Motorola Mobility Holdings Inc.
- LG Electronics Inc.
- Garmin International, Inc.
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6 Forecast Highlights on Global Smartwatches Market
- Asia-Pacific excluding Japan (APEJ) region shows the highest growth rate and registers a CAGR of 3.9% during the period of forecast. North America region dominates the global market in terms of market share by revenue
- The E-commerce segment by distribution channel is expected to slate a CAGR of 4.1% thereby claiming to be the fastest growing segments in the global market by distribution channel. However, the franchised outlets segment is set to dominate this category by showing higher market share by revenue
- watchOS segment by operating system shows higher market share and a poised to show higher gain in the BPS by the end of 2022. The Tizen segment by operating system reflects highest growth rate, thereby registering a CAGR of 3.8% during the period of forecast
- The OLED segment by display type is expected to show high growth rate and poised to register a CAGR of 4.9% during the period of forecast. The LCD segment shows higher market share by revenue. To draw a comparison line between OLED, LCD and SAMOLED segments, there is not much difference in the market shares, but only the growth rates
- Companion smart watches segment has the highest market share by revenue as of 2017 and dominates the global market by product type. This largest market is expected to witness this continued trend till 2022 thereby retaining its dominance. The standalone smart watches segment, however, is the fastest growing segment reflecting a CAGR of 4.3% during the period of forecast
- Android wear segment and watchOS segment have a close clash with respect to market growth, as the later wins the race. However, watchOS segment, also is poised to show higher gain in the BPS by the end of 2022 whereas the android wear segment is expected to lose BPS during this period
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