Smartwatch Market Demand Forecast to 2020 By P&S Market Research
The global smartwatch market is growing due to increased demand of home and remote patient monitoring increased demand of wearable sensors for infants.
The demand of continuous health monitoring features for infants is continuously increasing, since the past few years. The constant monitoring of physiological parameters of an infant’s body is carried out by using wearable sensors system, observing external threats as well as internal threats by parents. The increasing use of wearable systems in physiological monitoring is providing ample growth opportunities for the global smartwatch market. Additionally, strong distribution support is also supporting the growth of the market. The key competitors in the market are collaborating with their re-sellers and suppliers for penetrating in the market through selection of right geography, channel, and target audience.
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Among all the regions, North America led the global market; whereas the Asia-Pacific market is expected to grow with the highest rate during the coming years. The high growth rate of Asia-Pacific market is due to the presence of low-cost android based smartwatch manufacturers in developing countries of the region, such as China. Among the various products, the extension smartwatch segment leads the market; whereas among all the operating systems, android segment leads the global market. Smartwatches are majorly used in personal assistance and wellness applications.
Wearable technologies have growth opportunities in numerous areas of applications, such as disaster relief, medical care, anxiety disorders, behavioral disorders, autism spectrum disorders and others. Wearable sensors, web cameras, online social networks, and mobile phones are all part of future health support system.
Privacy and security is one of the most important aspects in smartwatch. The communication in wearable sensors applications in healthcare are mostly wireless in nature, which may cause security threats to these systems. These threats and attacks could cause serious troubles to the social life of the wireless sensor device user. The location tracking of a patient or person could be done easily, which can be used to harm the person.
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Some of the competitors in the global smartwatch market are Samsung Electronics Co. Ltd., Google Inc., Sony Corporation, Apple Inc., Fitbit Inc., and Garmin Ltd.
Global Smartwatch Market Segmentation
By Operating System
Rest of the World
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