ReportsnReports.com adds Global Smartwatches Market 2015-2019 industry research report of 68 pages to that showcases growth prospects of the worldwide Smart watches market for next 5 years.
To calculate the smartwatches market size, the report considers revenue generated from the sales of smart watches from various vendors in the global smartwatch market. Smartwatches considered in this report to calculate the market size include those that can perform the following functions:
Making and receiving calls or receiving notifications regarding the same
Sending and receiving text messages or receiving notifications regarding the same
Display time and date
The report does not include standalone wristbands that are meant only for fitness activities or any other application that do not provide the above-mentioned functionalities.
Increased partnerships with the Fashion industry is one key trend emerging in the smart watch market. Several smartwatch manufacturers are tying up with fashion experts to differentiate their products and provide unique designs to their customers. According to the report, renewed interest among consumers for smartwatches is one of the major drivers of the market. The Global Smartwatches market is witnessing increased demand from consumers. Consumers' interest in smartwatches has increased with the entry of several new vendors and products.
Further, the smart watch industry report states that the high price of smartwatches is one of the major challenges faced by vendors in the market. Vendors need to cut down the costs and include more features in smartwatches and also employ innovative marketing strategies to tackle this challenge. The research presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Global Smartwatches market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
This smartwatches market research recognizes the following companies as the key players in the worldwide Smartwatch industry: LG Electronics, Motorola, Pebble Technology, Samsung and Sony. Other Prominent Vendors in the market are: Garmin, Martian, Mota and Qualcomm.
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Smartwatches are computerized watches that are designed with enhanced functionalities such as making calls, messaging, and browsing the internet. Smartwatches are integrated with an operating system, which can be used across multiple devices. In the past couple of years, the Global Smartwatches market has been undergoing rapid technological changes, where ongoing innovations have been taking place with vendors coming up with various new features in smartwatches. For example, the introduction of hands-free voice command enabled smartwatches by Motorola in the market. Such advances in technology have increased the applications of smartwatches. Although the market did not grow as expected during 2010-2013, the market landscape is expected to change drastically by 2015 presenting a high growth. Analysts forecast the Global Smartwatch market to grow at a CAGR of 96.8% over the period 2014-2019.
On similar lines, Devices for the Wrist - Ecosystems Crucial to Growth of Connected Watches and Bands is another market research report of 77 pages that examines the high growth opportunity which wrist-worn wearable technologies provide and how the ecosystem is developing, positioning strategies of the key industry players, and the launched and announced products to date. The report provides 5-year projections for shipments and revenue by device segment and global installed base. The analysis is built around a wrist-worn product database of over 70 models, mobile industry forecasts as well as end-user research conducted across several Western European countries and a global survey of over 200 industry players.
This research says by 2019, the shipments are projected to grow by 13-fold from its 2014 level, with more than 10% of the global population wearing a connected wrist-worn device. While the market is expected to be triggered by the Apple Watch, at the same time lower cost devices will also drive the market as chipset and component prices fall; furthermore, the price of connected bands will fall dramatically as new business models become established. Bluetooth is the connectivity technology of choice today; Wi-Fi drains batteries quickly but enables independent connectivity and could introduce new opportunities, particularly for mobile operators. We expect that NFC will make the biggest impact, opening the door to new applications, particularly in the areas of access control, loyalty, payments and travel. Fitness and health applications will be a key driver for wearables. Many large technology companies are looking at cloud based health services as an important new revenue opportunity. There remains significant potential for product development and improvement, particularly as the chipset and technology suppliers improve their products, with a particular focus on improving battery life. Highly functional smart watches will be dominated by the existing smartphone platforms, but there are also opportunities for devices with lower functionality, particularly for the traditional watch manufacturers, for whom typically design comes above functionality.
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