Return to: Electronics NewsGlobal Smart Watch Market Attaining the Market Size of USD 46.6 billion by 2024The global smart watch market size is growing at a CAGR of 20.7% during the forecast period, reaching USD 46.6 billion by 2024. Smartwatches are extensively being utilized for tracking and recording health contemplations for recording and monitoring levels of blood pressure and temperature of the user. The growth of the market is attributed to technological enhancements by the key players and extensive demand for remote patient monitoring and wireless health observing devices. The extensive number of watches is enabling automotive proficiencies to be controlled in an effective manner that is one of the major factors driving the growth of the smart watch market across the globe. The excessive awareness pertaining to personal fitness and health among various citizens in both developed as well as developing economies is anticipated to drive the growth of the market due to the rapid incorporation of a wide variety of fitness and health applications across the globe. However, inadequate information pertaining to products or services is further expected to hinder the growth of the global market. Also, the shorter lifespan of the battery in these smart watches is further hampering the growth of the market across the globe. Read Full Research Report Description at https://www.vynzresearch.com/semiconductor-electronics/smart-watch-market Based on the application, the smart watch market is segmented into wellness, medical, personal assistance, sports, and others. Among these segments, smartwatches inscribed with features for personal assistance are expected to witness the highest CAGR during the forecast period. Personal assistance on these watches thereby simplifies the routine activities of the users by analyzing critical information and data that helps the users to become more efficient and productive. Geographically, smart watch market in Asia-Pacific is expected to witness the highest growth during the forecast period due to the technological advancements and increasing demand for high-end wearable devices. North America holds the major share of the market and also anticipated to witness significant growth during the forecast period. The growth of the market in this region is attributed to the massive adoption of IoT devices in this region along with advanced mobile technology. Key industry players in the global smart watch market are leveraging market growth by extensively investing towards enlargement and design of economic offerings that are well accomplished with smart features. Furthermore, the market is consolidated and the key players in the market include Alphabet Inc., Fitbit Inc., Lenovo Group Limited, Sony Corporation, Garmin Ltd., LG Electronics, Samsung Electronics Co. Ltd., ASUSTeK Computer Inc., TomTom International BV, and Apple Inc. Global Smart Watch Market Coverage Product Insight and Forecast 2014-2024 Classic Extension Standalone Operating System Insight and Forecast 2014-2024 Android iOS Others Application Insight and Forecast 2014-2024 Wellness Medical Personal Assistance Sports Others Geographical Segmentation Smart Watch Market by Region North America U.S. Canada Mexico Europe Germany France Italy U.K. Spain Rest of Europe Asia-Pacific China India Japan South Korea Rest of Asia-Pacific Rest of the World Brazil South Africa Saudi Arabia Other Countries Contact Kundan Kumar Manager: Client Care VynZ Research Toll-Free:+919960288381 Website:www.vynzresearch.com Email: support@vynzresearch ... News Release: Global Smart Watch Market Attaining the Market Size of USD 46.6 billion by 2024 Submitted on: May 22, 2020 12:55:33 PM Submitted by: birendra kumar On behalf of: https://www.vynzresearch.com/semiconductor-electronics/smart-watch-market |