The global smart watch market size is expected to reach USD 95.78 Billion in 2028 and register a CAGR of 19.1%, according to the latest report by Emergen Research. Key factors such as increasing public awareness about health, emergence of several market players, and technological advancements in smart watches are driving global market revenue growth.
The latest industry intelligence research on the Smart Watch market offers a repository of valuable data on the size, share, and growth rate of the Smart Watch market for the forecast period, 2020 - 2028. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2020 - 2028 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period.
Asia Pacific is expected to register rapid revenue growth between 2021 and 2028 owing to increasing per capita income, improvements in standard of living, rapidly growing consumer electronics sector, high demand for enhanced smart devices, and increasing adoption of healthy lifestyle.
Samsung Electronics Co. Ltd., Fossil Group Inc., Sony Corporation, LG Electronics Inc., Lenovo Group Limited, Fitbit Inc., Garmin Ltd., Apple Inc., Huawei Technologies, Motorola, and Polar Electro Oy are major players operating in the smart watch market.
For this study, Emergen has segmented the global smart watch market based on product, operating system, application, and region:
Product Outlook (Revenue, USD Billion, 2018 - 2028)
Operating System Outlook (Revenue, USD Billion, 2018 - 2028)
Application Outlook (Revenue, USD Billion, 2018 - 2028)
The global Smart Watch market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that's better than others.
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the markets growth?