Smartwatch Market Report, published by Allied Market Research, forecasts that the Asia Pacific Smartwatch market is expected to garner $28,596 million by 2022, registering a CAGR of 69.8% during the period 2016-2022. Increase in the number of smartphone users, technological advancements, and rise in demand for high-end devices lead the market growth to a significant extent in the Asia-Pacific region.
The smartwatch market has grown at a steady pace. Smartwatch
leads the bandwagon for wearable devices that enables a user to easily switch
to it replacing traditional watches and providing more usability,
functionality, and convergence similar to smartphones, which captured the
market around two decades ago.
Extension smartwatches dominated the market in 2015, owing
to its usage simplicity and multitasking ability.
However, classic smartwatch is projected to witness the fastest
growth over the forecast period.
Among the operating systems, Android
based smartwatches dominated the market, owing to numerous embedded apps
and Android phone users in the Asia-Pacific region. Nevertheless, Windows OS is
expected to depict the fastest growth over the forecast period.
Asia-Pacific Smartwatch Market Key Findings:
- Extension
smartwatch is projected to dominate the Asia-Pacific smartwatch market
during the forecast period
- Based
on the operating systems, the Windows OS is anticipated to hold huge
potential during the forecast period
- China
is the largest regional market for the sale of smartwatches and is
expected to dominate the market space during the forecast period
The key companies profiled in this report are Apple Inc.,
Google Inc., Garmin Ltd., Fitbit, Inc., Motorola Mobility LLC., Sony
Corporation, Samsung Electronics Co. Ltd., Huawei Technologies Co., Ltd.,
Pebble, and Nike, Inc.
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