Smartwatch Market

According to Fortune Business Insights, the global smartwatch market size was valued at around USD 18.62 billion in 2020. The market is projected to rise from USD 22.02 billion in 2021 to USD 58.21 billion by 2028 at 14.9% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Smartwatch Market, 2021-2028.”

According to the study, consumers are likely to exhibit demand for technological devices to streamline fitness tracking, navigation, and notification checking. End-users, such as athletes and tech users, are likely to invest in advanced products. Amidst the COVID-19 pandemic, strategic approaches may change to gain a competitive edge in the landscape.

Emphasis on Well-being Amidst Pandemic to Boost Product Adoption

The onslaught of the COVID-19 pandemic prompted end-users to shift their attention towards health and well-being. Accordingly, manufacturers have bolstered the production of a smartwatch for men and women. According to the National Interest.Org, the global smartwatch industry witnessed a 20% surge in the first half of 2020. The trend will likely maintain the upward growth trajectory over the next few years.

Fortune Business Insights™ lists out all the smartwatch market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

Apple Inc. (U.S.)
The Samsung Group (South Korea)
Garmin Ltd. (U.S.)
Fitbit LLC (U.S.)
Huawei Technologies (China)
Fossil Group, Inc. (U.S.)
Polar Electro (Finland)
ASUSTek Computer Inc. (Taiwan)
LG Electronics (South Korea)
Xiaomi Inc. (China)
Report Coverage

The report is prepared rigorously with the use of qualitative and quantitative analysis. The use of primary sources, including interviews of stakeholders and suppliers, has propelled the integrity of the report. The report also includes secondary sources, including annual reports, SEC filings and studies published by notable organizations. The report also includes top-down and bottom-up approaches to boost estimations and product mapping

Drivers and Restraints

Burgeoning Youth Population to Underpin Growth Potentials


Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/smartwatch-market-106625