Smartwatch

A smartwatch (or smart watch) is a computerized wristwatch with functionality that is enhanced beyond timekeeping. Some smartwatches models, also called watch phones, feature full mobile phone capability, and can make or answer phone calls.

Like other computers, a smartwatch may collect information from internal or external sensors. It may control, or retrieve data from, other instruments or computers. It may support wireless technologies like Bluetooth, Wi-Fi, and GPS. However, it is possible a “wristwatch computer” may just serve as a front end for a remote system, as in the case of watches utilizing cellular technology or Wi-Fi.

Source: Smartwatch, Source: https://pixabay.com/photos/smart-watch-apple-technology-style-821559/. License: Free for commercial use, Pixabay License

In 2013, the global smartwatch industry reached a global market volume of USD 700 million, ten times the size of 2012. In 2014, the industry will grow to USD 2.5 billion - 5% the size of the watch industry. In the years to follow, the smartwatch industry will keep growing at a 3-digit rate. Source: Forbes.

According to smartwatch market analysis, Apple shipped 31 million units of its smartwatches in 2019, which is expected to be 50% more than the entire Swiss wrist watch industry. The shipment of Apple smartwatch has been increased by 36% since 2018. In addition, the company is planning to use ceramic and titanium for its next generation smartwatch and watchOS 6 operating system in future, to provide lightweight and toughness to its upcoming product, and affecting the smartwatch market share globally.

The size of the global smartwatch market is expected to be growing at a CAGR of 18.32% during 2020 to 2025 and worth USD 130.92 Billion by 2025.

Smartwatch - from around the web

• The Size Of The Smartwatch Market & Its Key Players
• Wearables - Europe | Statista Market Forecast
• Samsung, Pebble Account for 96 Percent of Smartwatch Sales in the US: NPD

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