Skip to main content

Why Is Young Population Purchasing Smartwatches?

According to P&S Intelligence, the APAC smartwatch market is expected to exhibit the fastest growth during the forecast period. This will be due to the mounting demand for high-end wearable devices and surging technological developments by regional players, such as Titan. Additionally, the burgeoning demand for utility watches in China and the soaring popularity of smartwatches, in general, in India will contribute to the market growth in the region.

The product segment of the smartwatch market is classified into classic, extension, and standalone. Under this segment, the extension category generated the highest revenue in 2017 due to the surging usage of next-generation smartwatches as an extension of smartphones and associated devices. Moreover, the increasing compatibility of connectivity, alerts, and tracking features with extension smartwatches is attracting more people toward them. 

In the coming years, these smartwatches will gain huge prominence among the middle- and upper-middle-class populations. Apart from Titan, Apple Inc., TomTom International BV, Fitbit Inc., LG Electronics Inc., Garmin Ltd., ASUSTeK Computer Inc., Sony Corporation, Alphabet Inc., Lenovo Group Ltd., and Samsung Electronics Co. Ltd. are the key manufacturers of such wearables. 

At present, they are developing new versions of their existing products and introducing more models frequently to meet the evolving needs of customers. For example, in September 2017, Apple Inc. launched the third-generation Apple Watch Series 3. Thus, the mounting public focus on tracking personal health and rising integration of automotive control features in smartwatches will boost the adoption of such wearables.

This market research report provides a comprehensive overview of the market
  • The 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

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manag...
Post a Comment
Read more