Standalone Smartwatch An Insight On the Important Factors and Trends Influencing the Market

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Standalone Smartwatch market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Standalone Smartwatch

The report offers actionable and valuable market insights of Standalone Smartwatch. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Standalone Smartwatch Market across various industries and regions.

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This newly published and insightful report sheds light on Market Insights of Standalone Smartwatch, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Standalone Smartwatch Market.

The global smartwatches market is prognosticated to see expansion on the back of increasing technological development in the smart products industry. Advanced features such as health and fitness tracking could swell the demand in the global smartwatches market.

Convenience is one factor that is expected to create a whole lot of demand in the global smartwatches market. Increasing technological knowledge of consumers about the usability of smart products could improve the demand in the global smartwatches market. Rising penetration of smartphones and disposable income of consumers are foreseen to catapult the global smartwatches market to the next level.

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Fact.MR envisages the global smartwatches market to reach a valuation of US$61.0 bn by the end of 2022.

Standalone smartwatches could post a higher CAGR of 4.3% during the forecast period 2017-2022 compared to other products offered in the global market. However, companion smartwatches are expected to bag a lion’s share of the global market, although they may show a relatively slower growth rate for the next few years. The global smartwatches market also receives some contribution from classic smartwatches segment, even though it may not be as popular as other products.

By type of display, the global smartwatches market is classified into TFT, LCD, S-AMOLED, and OLED. Among these, LDC is projected to gain a king’s share of the global smartwatches market in the near future. However, it could show a lower rate of growth in the global smartwatches market.

On the other hand, OLED is anticipated to exhibit a higher CAGR of 4.9% in the global smartwatches market. This growth rate could be higher than any other display type segment of the global smartwatches market. Taking into account its share of the global smartwatches market, S-AMOLED may not be too far behind LCD and OLED.

On the basis of operating system, the global smartwatches market is segregated into Pebble OS, Linux, Tizen, RTOS, Android Wear, and watchOS. Among these, Tizen is envisioned to exhibit a higher CAGR in the global smartwatches market. However, it could collect a small share of the global smartwatches market.

watchOS is expected to grow at a similar pace but attract a larger revenue share of the global smartwatches market during the said forecast period. It bags a whopping 48.9% share of the global smartwatches market. This trend of the global smartwatches market is predicted to take shape for the next few years. The watchOS market for smartwatches could also gain higher BPS by the end of the forecast period.

By distribution channel, the global smartwatches market is bifurcated into e-commerce, specialty stores, franchised outlets, and modern trade. Among these, e-commerce is prognosticated to show a higher growth rate in the global smartwatches market. It could exhibit a 4.1% CAGR during the aforementioned forecast period.

However, franchised outlets are forecast to take command over the global smartwatches market in terms of revenue share. This trend of the global smartwatches market could continue until the end of 2022.

From a geographical perspective, the global smartwatches market could find North America growing as one of the most lucrative regions. Moreover, North America is anticipated to have a higher market attractiveness index compared to other regions of the global smartwatches market.

Although it may grow at a moderate pace, North America is expected to dominate the global smartwatches market with its massive share. Although APEJ could collect a lower share of the global smartwatches market, it is prophesied to grow at a higher rate in the foreseeable future. However, Japan could show a lethargic growth rate in the global smartwatches market. In terms of market share, Europe could tread upon the heels of North America.

Competitive Landscape

The report studies important companies operating in the

  • smartwatches market viz. Fossil Group Inc.
  • Fitbit Inc.
  • Beijing Xiaomi Technology Co.
  • Apple, Inc.
  • Alphabet Inc.
  • Motorola Mobility Holdings Inc.
  • LG Electronics Inc.
  • Garmin International, Inc.

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More Valuable Insights on Standalone Smartwatch Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Standalone Smartwatch, Sales and Demand of Standalone Smartwatch, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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