Smartwatch is a wearable computing device that closely matches the wristwatch or any other time-keeping gadget. There are a variety of smartwatches that are purpose-specific and also are standalone devices. Purpose specific features of smartwatches could comprise providing Global Positioning System (GPS) capabilities or also providing data regarding the health of the user. Rise in level of health & fitness awareness amongst people is expected to foster the growth of smartwatches market in the near future. Smartwatches has various apps same as smartphones & tablets and these apps provide additional functionality including reminders throughout the day, heart beat rate monitoring, stock prices, weather information, and displaying maps, directions and to make the phone calls and to send & receive text messages.
As per analysis, Europe Smartwatch Market 2020-2030 by Product Type, Operating System, User Gender, Age Group, Distribution Channel, Application, and Country: Trend Outlook and Growth Opportunity the key companies operating in the Europe smartwatch market include Fitbit, Inc, ASUSTeK Computer Inc., Huawei Technologies Co. Ltd., Apple, Inc., Google Inc., Connected Device Ltd., Pebble Technology Corporation, Neptune Pine, Razer Inc., Sony Corporation, Xiaomi, Samsung Electronics, Qualcomm Inc., Timex Group Inc. and among others. Leading players have been enchantingly investing in the design & development of the economic products equipped with all basic smart features, which is indicative of the potential growth of the classic smartwatch market throughout the forecast period.
By product type, Europe smartwatch market can be categorized as standalone, classical and extension. By operating system, market can be categorized as Real-time Operating System (RTOS), android, tizen, watchOS and others. By user gender, market can be categorized as men and women. By age group, market can be categorized as age < 18, age 18 to 24, age 25 to 34, age 35 to 44, age 45 to 54 and age more than 55. By distribution channel, market can be categorized as online channel and offline channel. In addition, by application, market can be categorized as personal assistance, medical & healthcare, sports and wellness.
The Europe smartwatch market is driven by increase in preference for smartwatch among young generation, followed by rise in health awareness among the consumer, increase in penetration of sensors technology in various industry verticals, rise in awareness on personal health & fitness, introduction of innovative solutions, high penetration of internet & smart-phones, rise in smartwatch-controlled automotive capabilities, growth in demand for wireless fitness & sports devices, rise in spending capacity of consumers and high demand for wearable devices & trackers devices to track numerous activities for instance steps covered in a day & calories. Apart from this, dearth of awareness about the technology & utility and high cost of smart-phone with less battery life phone may impact the market. Moreover, high investment by key players for product development activities is a leading opportunity for market. Furthermore, growth in technological glitches is a major challenge for global market.
It is predicted that future of the Europe smartwatch market will be bright on account of rise in demand for wearable devices with advanced smart features coupled with increase in partnerships & agreements between regional players during the forecast period.
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Europe Smartwatch Market Research Report
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