Smartwatch is an information processing device with the basic time function. The watch may communicate with external devices such as smart phones, sensors, and a wireless headset. Smartwatch often consists of two parts: Peripheral devices and software. Peripheral devices of Smartwatch may include camera, thermometer, accelerometer, altimeter, barometer, compass, GPS receiver, speaker and SDcard that is recognized as a mass storage device by a computer. Software may include Map display, scheduler, calculator, and various kinds of watch face. To be more exact, Smartwatches are not only watches, but more like hi-tech equipment.
Global Smartwatch Market – Segment Analysis:
The global smartwatch market is segmented on the basis of product type into three main segments: companion, standalone and classic smartwatch. Among all these standalone smartwatch segments accounts for the highest market share in the global smartwatch market owing to features such as wireless operations, connec-tivity to 3G or 4G mobile networks and capable of SIM card which can also be used as a mobile phone, and to access the internet.
Based on the application of smartwatches market is segmented into different streams like personal assistance, healthcare, sports, and others. Of all these, per-sonal assistance occupies the dominant share and healthcare segment is projected to rise at an impressive rate in the forecast period. In the recent studies by Nation Institutes of Health smartwatches and healthcare, fitness wearable’s have backed the widespread awareness on tracking personal health among people for a healthy future. Thus, the growing awareness of personal health in people is a significant driver of this segment in the smartwatch market. This has led to a surge in re-search focused on the health applications of smartwatches. Healthcare apps cur-rently account for 4% of all apps on the market. In recent times, Ochsner Health System is the first hospital to use the Apple Watch for managing patients suffering from chronic diseases. As part of the Ochsner Digital Medicine Program, Apple Watches are used to track the blood pressure of several hundred patients. This program proves that smartwatches could be a valuable instrument to improve healthcare.
Smartwatch is available in various operating systems that include watchOS, An-droid Wear, Fit bit OS, Linux, Tizen, and others. WatchOS by Apple is the highest contributor, owing to huge penetration of Apple iPhone in the market due to pow-erful processor, built-in GPS, and waterproof housings. According to Consumer Technology Association Apple’s Smartwatch platform, watchOS made up 41% of all smartwatch shipments worldwide as of the second quarter of 2018.
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smartwatch by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.):
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
By Operating System
By Type Product
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Medical and Health
Global Smartwatch Market – Geography Analysis:
The document segments the market with the aid of geographic place which incorporates North Amer-ica, South America, Europe, Asia-Pacific, and RoW. North the united states is one of the important areas for the smartwatch market.
Smartwatch market in north the us is predicted to develop at a CAGR of XX%. Various vital infrastructure components in north the us totally depend upon digital structures to perform their operations. The digital era industry affords the inspiration for facts trade in all the sectors, along with healthcare, and retail. Additionally, IoT is anticipated to enjoy huge growth in the coming years, and mobile technology play a critical function in helping the industrial boom.
The following statistic gives information about smartwatch sales in the United States between 2013 and 2017. Smartwatch sales in the US reached 12.8 million units in 2017.
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