Smartwatch is a touchscreen wearable computer in the form of a wristwatch equipped with all the features of a smartphone including GPS, LTE, Bluetooth and other services in the present scenario. The demand for smartwatch is likely to see an increase owing to its versatility, a smartwatch can perform multiple tasks , for example - Weather forecasting, Fitness Tracker, Entertainment etc. apart from the classic wrist watches which only shows time.
The global smartwatch market was USD 8.92 billion in 2018 and is estimated to reach 31.30 billion by 2025 at the CAGR of 19.64% during the forecast period
Growth by Region
North America will be the fastest growing market during this forecast period. After North America, Europe is likely to follow.
Drivers vs. Constraints
The factors leading to the growth of Global smartwatch Market during the forecast period will be due to demand from the Sports, Health , Security and Alerts industries.
Make An Enquiry @ https://markgenes.com/industry-reports/electronics/Global-Smartwatch-Market
Industry Structure and Updates
March 2017 - Casio announced the release Pro Trek Smart watch WSD F20S Android smart watch.
September 2017 - Apple announced its Apple Watch 3 Series, the first smartwatch series to be equipped with LTE Connectivity.
Browse other Electronics reports at: https://markgenes.com/industry-reports/electronics