Albany, NY, March 2, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research " Smartwatches Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 ", the global market for smartwatch was valued at US$ 701.2 Mn in 2013 and is estimated to grow at a CAGR of 53.6% during the forecast period from 2014 to 2020. Rise in smartphone and internet penetration along with the changing technological preferences of young population has emerged as the most significant growth driver for the global smartwatch market. In 2013, North America was the largest market for smartwatch with a share of 34.5% in terms of revenue due to the growing awareness towards health and early adoption of new products and technology.
Browse Full Market Research of Smartwatches Market : http://www.transparencymarketresearch.com/sma...arket.html
Mid-end smartwatches was the largest segment in terms of revenue in 2013 and accounted for around 44% share of the total smartwatch market. Most of the smartwatch manufacturers have their offerings in this price range and the trend to use smartwatch as a companion device is enabling the growth of mid-end smartwatches segment. However, as the use of smartwatch is diverging from just a companion device to fitness tracking device, high-end smartwatches segment is expected to witness strong growth in the next few years. High-end smartwatches segment accounted for around 17% share of the total smartwatch market in 2013. Moreover, companies such as Apple Inc., Samsung Electronics Inc., and Pebble Technology Corporation are focusing on the development and launch of their high-end smartwatches resulting in strong growth of this segment. In 2013, low-end smartwatches segment accounted for around 39% share of the total smartwatch market. However, entrance of Chinese electronics manufacturers in smartwatch market is expected to result in mass production of smartwatches helping low-end smartwatches segment to grow.
Get Sample Report Copy OR For further inquiries, click here : http://www.transparencymarketresearch.com/sam...ep_id=3266
Based on the operating systems used, the Global Smartwatches Market is segmented into Android Wear, Watch OS (iOS), and others. Other operating systems used in smartwatches include Tizen OS, Pebble OS, Linklt OS among others. Since the smartwatch running on Android Wear OS were commercialized in 2014, other OS segment comprising Tizen OS, Pebble OS, Linklt OS, etc. was the major contributor to the global smartwatch market in 2013. However, in 2014, Google Inc. launched Android Wear OS focusing on wearable devices. Furthermore, the market is witnessing growing demand for Android Wear based smartwatches due to high number of available applications and continuous up-gradation support from Google Inc. Android Wear OS segment is anticipated to show highest growth rate over the forecast period from 2014 to 2020, growing at a CAGR of 57.9% during the period from 2014 to 2020. Moreover, there are high numbers of Android OS based smartphones present in the market, which is expected to help Android Wear OS based smartwatches segment.
Other Reports By Transparency Market Research :
- Wearable Technology Market : http://www.transparencymarketresearch.com/wea...ology.html
- Mobile Applications Market : http://www.transparencymarketresearch.com/mob...arket.html
Key players in the Global Smartwatch Market include Pebble Technology Corporation, Samsung Electronics Co. Ltd., Apple Inc., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd., and Qualcomm Incorporated. The market is witnessing entry of smartphone manufacturers such as Apple Inc., Samsung Electronics Inc., and Sony Corporation into smartwatch market. Furthermore, the market is anticipated to witness entrance of Chinese electronics manufacturers which would intensify the competition among market players in near future.
Browse Press Release of Smartwatches Market : http://www.transparencymarketresearch.com/pre...market.htm
The global smartwatches market is segmented into following segments:
Smartwatches Market, by Price Range
- High-end Smartwatches
- Mid-end Smartwatches
- Low-end Smartwatches
Smartwatches Market, by Operating System
- Android Wear
- Watch OS (iOS)
- Others
Smartwatches Market, by Geography
- North America
- Europe
- Eastern Europe
- Western Europe
Asia Pacific
- Asia Pacific Excluding Japan
- Japan
Latin America
Middle East and Africa (MEA)
- Browse All Technology Market Research Reports : http://www.transparencymarketresearch.com/tec...rts-8.html
- Browse All Semiconductor & Electronics Market Research Reports : http://www.transparencymarketresearch.com/sem...rts-5.html
About Us :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
CONTACT: Mr. Atil Chaudhari State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/
