Smartwatches Market set to on huge growth owing to High Demand For Wearable Fitness Monitoring And Tracking Devices Up To 2020
“Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.�
The global Smartwatches Market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches. Access Full Research Report on Global Smartwatches Market : http://www.grandviewresearch.com/industry-analysis/smartwatches-market The number of industry participants is expected to increase manifold over the next six years. In addition to startups, the expected entry of established companies is estimated to significantly fuel market growth. Ensuring usability and visual appeal is a critical factor for enabling product adoption on a global level. Furthermore, managing the tradeoff between battery life and performance is critical for profitability. Further key findings from the study suggest:
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The Global smartwatch shipments were close to 2 million units in 2013, and are expected to reach 135.3 million units by 2020, at a CAGR of 53.5% from 2014 to 2020.
High-end smartwatches accounted for approximately 90% of the global market in 2013. This segment is expected to lose market share to the mid-end and low-end segments over the forecast period. This can be attributed to the expected trend of decreasing selling prices with a growing number of manufacturers. Majority of consumers have been reluctant to invest in premium priced products on account of unclear benefits and lack of a value proposition.
North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.
Industry participants include Samsung Electronics (Galaxy Gear), Pebble, Sony Corporation, Google Inc. and Qualcomm Inc. among others. R&D activities to drive innovation have been the key growth strategy for these companies. Established companies are expected to benefit from growing smartwatches demand, and drive revenue generation over the forecast period.
Grand View Research has segmented the global smartwatches market on the basis of price segment and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/technology Table of Content of Global Smartwatches Market Research Report: Chapter 1 Executive Summary 1.1 Smartwatches – Industry Summary & Critical Success Factors (CSFs) Chapter 2 Smartwatches Industry Outlook 2.1 Market Segmentation
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2.2 Market Size and Growth Prospects 2.3 Smartwatches - Technology Evolution 2.4 Smartwatches Value Chain Analysis 2.5 Smartwatches Market Dynamics 2.5.1 Market driver analysis 2.5.2 Market restraint analysis 2.6 Smartwatches - Pricing Analysis 2.7 Key Opportunities Prioritized 2.8 Industry Analysis - Porter's 2.9 Smartwatches – Company Market Share Analysis, 2013 2.10 Smartwatches - PESTEL Analysis Chapter 3 Smartwatches Price Segment Outlook 3.1 High-end 3.1.1 Global High-end Smartwatches Market Volume & Revenue, By Region, (Million Units), (USD Million), 2012 - 2020 3.2 Mid-end 3.2.1 Global Mid-end Smartwatches Market Volume & Revenue, By Region, (Million Units), (USD Million), 2012 - 2020 3.3 Low-end 3.3.1 Global Low-end Smartwatches Market Volume & Revenue, By Region, (Million Units), (USD Million), 2012 - 2020 Chapter 4 Smartwatches Regional Outlook 4.1 North America
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4.1.1 North America Smartwatches Market Volume & Revenue, By Price Segment, (Million Units), (USD Million), 4.2 Europe 4.2.1 Europe Smartwatches Market Volume & Revenue, By Price Segment, (Million Units), (USD Million), 2012 - 2020 4.3 Asia Pacific 4.3.1 Asia Pacific Smartwatches Market Volume & Revenue, By Price Segment, (Million Units), (USD Million), 4.4 RoW 4.4.1 RoW Smartwatches Market Volume & Revenue, By Price Segment, (Million Units), (USD Million), 2012 - 2020 Chapter 5 Smartwatches Competitive Landscape 5.1 Apple Inc. 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Casio 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 ConnecteDevice Ltd.
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5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 Fitbit 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Garmin 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Google Inc. 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 i'm S.p.A. 5.7.1 Company Overview
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5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 Martian Watches 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 MetaWatch 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Mio Alpha 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Nike 5.11.1 Company Overview 5.11.2 Financial Performance
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5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Pebble 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 Qualcomm Inc. 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Samsung Electronics Corporation 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 Shanda 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking
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5.15.4 Strategic Initiatives 5.16 Sony Corporation 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives Chapter 6 Methodology and Scope 6.1 Research Methodology 6.2 Research Scope & Assumption 6.3 List of Data Sources About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058
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