Skip to main content

Smartwatch Market Driven by Increasing Health Consciousness

The smartwatch market is expected to exhibit a CAGR of 22.7% during the forecast period due to the increasing consciousness regarding personal health and fitness and growing application of automotive control features in smartwatches. These growth drivers will result in an increase in the value of the market from $10,223.9 million in 2017 to around $43,800.0 million by 2023.

Moreover, the demand for computerized wristwatches equipped with basic smart, waterproof, and shockproof features is increasing, which is why manufacturers are introducing customizable products. One of the key factors driving the market growth is the surge in the deployment of automotive control features in smartwatches. For this, market players are focusing on the development of app-based offerings that are compatible with the current series of smartwatches.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/smartwatch-market/report-sample



These new-generation smartwatches have smart vehicle locking and unlocking capabilities. For example, Viper SmartStart 4.0, a next-generation smartwatch, helps users in remotely starting the vehicle, by utilizing the CDMA/3G technology to connect the vehicle to a wireless network. This smartwatch is designed to function with Apple Watch and Android Wear devices.Moreover, the shift from unisex to gender-based smartwatches is generating lucrative opportunities for smartwatch market players.

In contemporary times, women and girls, especially from the corporate and sports domains, are preferring smartwatches over traditional watches. However, manufacturers of unisex smartwatches mostly produce male-oriented designs, which makes them less appealing to women. Due to the scarcity of female-oriented designs, smartwatch manufacturers have begun offering designs that attract the fairer sex, in a bid to boost their sales.

This market research report provides a comprehensive overview of the smartwatch market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Popular posts from this blog

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...