Global Smart Watch Market Overview:
Smart watchband is a kind of wristwatch which is wearable and has an integrated touchscreen as display. There are several versions and models of smart watches belonged to various platforms depending on the manufacturer. Early smartwatches were able to perform limited number of tasks such as digital time telling, translation of languages, game playing, and calculations. But after 2010, several advancements in the smart watches segments were introduced which of them allowed smartwatches to perform tasks equal to smartphones. These have facilities like Bluetooth and Wi-Fi connectivity, portable media player, mobile operating systems, access to mobile apps, and video player, FM radio, and smart notification or alarm assistance. The global smart watchband market is estimated to witness growth rate of XX% to reach USD XX Billion by the year 2022.
Drivers and Restraints:
Global Smart watchband market is estimated to grow in forecasted period owing to supporting factors such as technological advancements in the smartwatch segment, introduction of innovative smartwatches by the giants in the industry such as Samsung gear from Samsung and Apple Watch from Apple Inc. New sensor integration into smartphones and utilization of advanced software such as Android and IOS are estimated to propel the market in the forecasted years. In addition, facilities such as functionalities almost equal to smart phones, availability of GPS access to mostly used applications on all platforms, offers from manufacturers as well as e-commerce websites, and access to notifications and alerts with ease are supporting the market growth.
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Global Smart Watchband market primarily segmented into Europe, North America, Latin America, Middle East & Africa and Asia Pacific regions. North America region is leading the market by claiming major part of the market owing to supporting factors such as increased demand and adaptation of smart watches. North America alone claimed over 50% of the global market. It is estimated to continue its dominance in forecasted period. Asia Pacific region is also estimated to be growing with increased pace of CAGR during following market periods. China is producing affordable smart watches with innovative facilities. It is estimated to be claiming significant share of the market.
Key Players in Global Smart watchband market:
Key players in the market include Apple (US), Samsung (KR), Sony (JP), Motorola/Lenovo (US), LG (KR), Pebble (US), Fitbit (US), Garmin (US), Withings (FR), Polar (FI), Asus (CN), Huawei (CN), ZTE (CN), inWatch (US), Casio (JP), TAG Heuer (CH), TomTom (NL), Qualcomm (US), Weloop (CN), Pulsense (US), Geak (CN), SmartQ (CN), Hopu (CN) and Truly (CN).
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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