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Global Market Study on Smart Watch: Hybrid Smart Watch Segment Poised to Increase 3.6X in Terms of Value Between 2017 and 2025

Report Description

Persistence Market Research offers an eight year forecast for the global smart watch market in a new report titled “Smart Watch Market: Global Industry Analysis (2012 – 2016) and Forecast (2017  2025)” for the period 2017 to 2025. To calculate global smart watch market size, we have considered country-wise consumer electronics production, consumer spending, wholesale and retail trade and services across regions and revenue contribution of the top players. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have sized the current market, which forms the basis of how the global smart watch market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different types of analyses, based on the technology trends.

Persistence Market Research has used multiple resources of information and analysis to estimate global smart watch market revenue. The research methodology to study this market is based on forecasts that focuses on both global as well as regional trends in the economy, technology and population, along with company, product, country and demographic-specific trends. These trends are analyzed thoroughly and underlying factors are also identified. While examining this report, economic, technological, institutional, behavioral and competitive factors have taken into consideration that may affect the global smart watch market. To understand the market deeply, forecasting models are developed in order to quantify the impact of each of these factors on industry spending. The analysts have created the forecast scenario for each causative factor and have also identified the contribution of each factor on a prospective basis.

Research Methodology

While estimating market size, we have considered product portfolio of the companies profiled, along with some other players. Macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade and prices have been considered to arrive at the indicated market numbers. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers while studying this market.

This research report provides the detailed analysis of global smart watch market and offers insights on the various factors driving the popularity of these products and devices. The market study provides the comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on mobile analytics solutions across different regions globally. The report includes analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the global smart watch market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

Market Segmentation

By Type

  • Extension Smart Watch
  • Standalone Smart Watch
  • Hybrid Smart Watch

By Operating System

  • watchOS (iOS)
  • Android /Android Wear
  • Linux
  • Pebble OS
  • RTOS
  • Tizen
  • Others

By Age Group

  • 3-14 Years
  • 15-24 Years
  • 25-34 Years
  • 35-54 Years
  • 55+ Years

By Price Range

  • High Price
  • Medium Price
  • Low Price

By Sales Channel

  • Online e-commerce Store
  • Organized Retail Chain
  • Unorganized Retail Store

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Annual spending on smart watches across the globe has been examined thoroughly

Apart from annual spending figures, country-wise smart watch market, the scenario of by type segment, respective consumer spending and country-wise adoption rates of smart watches have also taken into account while inspecting this report during the projected period of 2017-2025. In order to represent the impact of these figures on annual spending, annual averages are used rather than year-end totals while studying the market. Figures are estimated in local currencies for each country and then converted to US dollars (US$) using the average 2017 exchange rate, which is held constant for each historical year and forecast year. This means the figures reflect industry trends, rather than being distorted by fluctuations in international exchange rates. 

While considering the product life cycle stages of global smart watch market, the expert analysts have come up to a conclusion that designers specialized in continually improving those blocks for higher precision and higher performance. Presently smart watch designs have also involved the integration of multiple functions focusing towards specific applications.

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