Smartwatch Market 2021 Analysis May Set New Growth Story, Forecast to 2027

 

The global smartwatch market is anticipated to grow at a considerable CAGR of 19.6% during the forecast period (2021-2027). As the medical equipment are getting vanished from the markets due to their scarcity in the current situation of COVID-19, smartwatches are taking their place with multiple advantages from a single device. These devices are now equipped with SpO2 sensors to track the oxygen level of blood with the addition of heartbeat trackers. Few market players had equipped these devices with temperature sensors to monitor the body temperature of the user.

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The Amazfit GTS 2e of Huami is a recently launched product that has all the features mentioned above with the aesthetic look of the aluminum frame. Similarly, Apple Watch Series 6, Samsung Galaxy Watch 3, OnePlus Watch, Realme Watch S, Oppo Band Style, Fitbit Charger 4, Garmin vivosmart 4, and Honor Band 5i are a few of the smartwatches that can check the oxygen level of blood with SpO2 sensors.

The smartwatches had already started fulfilling the health and fitness monitoring needs far before the COVID-19 pandemic had started. According to the survey conducted by Rock Health in 2019, the adaptation of wearable devices for health monitoring is increased from 24% in 2018 to 33% in 2019. According to the Clutch report, 61% of people use smartwatches as a wearable device while 27% use fitness trackers. 70% of people using wearable devices use it to track their health and fitness, 61% of people check the time on it and around 52% of people use it for communication purposes. These data show that humans had started using these devices far before the COVID-19, however, the evolution of this disease had added new features to this device. Now, these smartwatches are capable to detected COVID-19 infection 70% times correctly before the actual diagnosis test according to the study of Snyder's group.

Market Coverage

·         The market number available for – 2020-2027

·         Base year- 2020

·         Forecast period- 2021-2027

·         Segment Covered- 

·         By Product

·         By Operating Systems

·         By Applications

·         Regions Covered-

·         North America

·         Europe

·         Asia-Pacific

·         Rest of the World

·         Competitive Landscape-  Apple Inc., Fitbit Inc., Fossil Group Inc., Google Inc., Nike, Inc., Qualcomm Inc., Samsung electronics co. Ltd., Sony Group Corp., and others.

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A full Report of Smartwatch Market is Available at:  https://www.omrglobal.com/industry-reports/smartwatch-market

Global Smartwatch Market Report Segment

By Product

·         Classic Smartwatch

·         Fitness Band Smartwatch

·         Standalone Smartwatch

By Operating Systems

·         Android

·         iOS

·         Windows

·         Others

By Applications

·         Medical/Health

·         Personal Assistance

·         Sports

·         Other

Regional Analysis

North America

·         United States

·         Canada

Europe

·         UK

·         Germany

·         Spain

·         France

·         Italy

·         Rest of Europe

Asia-Pacific

·                     India

·                     China

·                     Japan

·                     South Korea

·                     Rest of APAC

Rest of the World

·                     Latin America 

·                     Middle East & Africa

Company Profiles 

·         Apple, Inc.

·         ASUSTek Computer, Inc.

·         CASIO Computer Co., Ltd.

·         Fitbit, Inc.

·         FOSSIL Group, Inc.

·         Garmin, Ltd.

·         Google, Inc.

·         Huawei Device Co., Ltd.

·         LENOVO

·         LG Electronics

·         Martian Notifier

·         eBuyNow eCommerce, Ltd.

·         Neptune Computer, Inc. 

·         Nike, Inc.

·         Withings S.A.

·         Polar Electro Oy

·         Qualcomm Technologies, Inc.

·         Sony Group Corp.

·         Samsung Electronics Co., Ltd.

·         LVMH Swiss Manufactures S.A.

·         Timex Group USA, Inc.

·         Tomtom International B.V.

·         Imagine Marketing Pvt. LTD.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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