The smartwatch market is expected to grow at a CAGR of 14.5% during the forecast period (2020 – 2025). IoT-driven smartwatches are a key trend that will not only operate as a standalone technology but interact with other IoT-devices to improve a user’s quality of life vastly.
Is the smartwatch market growing?
The global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027.
Are smart watches trendy?
Accessories, such as smart watches, are also incredibly stylish and practical, making them a worthwhile purchase for every modern lady. Perfect for everyday use, smart watches offer the convenience of having all your valuable information right at your wrist.
Are smart watches becoming more popular?
Wearable electronic devices have quickly become an integral segment of the consumer electronics industry. … Smartwatches are one of the most popular wearables categories globally and are expected to reach shipments of more than a quarter of a billion units by 2025.
When did the smartwatch become popular?
On 9 September 2014, Apple Inc. announced its first smartwatch called Apple Watch to be released in early 2015. On 24 April 2015, Apple Watch began shipping across the world.
Who is the target market for smartwatches?
Smartwatch Market Outlook:
The older working-age population, made up of persons aged between 45 to 64 years, includes 81.5 million individuals, which makes up 26.4% of the population.
What is the future of smartwatches?
The global market of smart wearables is projected to reach shipments of 776.23 million units by 2026. And, despite the pandemic, 2020 saw 266.5 million units of wearables being shipped out to customers. The boom in the wearable market has been largely linked to its demand by highly connected consumers today.
Which is best smartwatch for girls?
What is the most stylish smartwatch?
Check Out These 15 Stylish Android Smartwatches
- Skagen Falster 3 Smartwatch. If you want a touch of Scandinavian minimalism in your life, look no further than the Skagen Falster 3. …
- Samsung Galaxy Watch Active 2. …
- Samsung Galaxy 3. …
- Fossil Gen 5E. …
- Fitbit Versa 3. …
- Garmin Venu 2. …
- Fitbit Sense. …
- Ticwatch Pro 3.
Which Smart Watch is best in the world?
The best smartwatch you can buy today:
- Apple Watch Series 7. The Apple Watch Series 7 is the best smartwatch you can buy. …
- Samsung Galaxy Watch 4. The best smartwatch for Android users. …
- Samsung Galaxy Watch Active2. …
- Apple Watch SE. …
- Garmin Venu. …
- Tag Heuer Connected (2020) …
- Fitbit Sense. …
- Fossil Sport.
What percentage of people wear a smart watch?
Share of U.S. adults regularly wearing a smart fitness tracker 2019, by demographics. According to recent survey data, 25 percent of women in the United States said they regularly wore a smart watch or wearable fitness tracker in 2019, compared to 18 percent of responding men who said the same.
Why are smartwatches so popular?
With the increasing awareness of healthy life style, smartwatches connect personal data to their smartphones more seamlessly compared to the original wristbands. Also, compared to smartphones, the wearable devices track activities more accurately. Notifications that further “addict” people to their phones.
Who buys smart watches the most?
Apple held the largest share of the global smartwatch shipment market in the second quarter of 2021. Their 52.5 percent share was followed by Samsung whose market amounted to11 percent.
What is the point of smartwatches?
They’re designed to replace mechanical wristwatches and are heavily smartphone-dependent. Think of them as a support device for your phone that you happen to keep on your wrist. You also see vendor-specific classes of general-purpose smartwatches in the consumer market: Apple Watch: Designed and sold by Apple.
Who had the first smart watch?
One of the earliest true smartwatches was the Microsoft SPOT (Smart Personal Object Technology), introduced in 2004. The SPOT received information such as weather, news, and stock updates through FM radio.