Smartwatch Market Companies
                     Market Highlights 
The demand for smartwatches is at an all-time high due to comfortability with electronics; this 
development is expected to motivate the smartwatch market 2020. The semiconductors and 
electronics industry reports are created by Market Research Future, which centers on market 
choices for expansion. The market will gain revenue of USD 109.28 billion by 2023, with a 17.34% 
CAGR in the forecast period. 
The utility of smartwatches has increased the smartwatch market size at a time where the number 
of devices owned by an individual are more than one. The smartwatch market share is expected to 
rise with the companies in the market, releasing new and improved product versions that are 
increasingly well suited to the consumers. 
Segmentation: 
The segmental analysis of the smartwatch market is conducted on the basis of region, operating 
system, and application. The operating system basis of segmenting the smartwatch market consists 
of Android, Tizen, iOS, Linux, and others.  The application basis of segmenting the smartwatch 
market consists of health/wellness, personal assistance & safety, media and entertainment, 
communication, sports, and others. Based on the region, the smartwatch market is segmented into 
Europe, Asia-Pacific, North America, and the rest of the regions. 
Detailed Regional Analysis  
The regional investigation of the smartwatch market is conducted for regions like Europe, Asia-
Pacific, North America, and the rest of the regions. The North American region is accountable for 
the principal market segment due to a better quality of life in the region with regards to the high 
disposable income levels. The European region is also regarded as the next principal market for 
smartwatches in countries like France, Italy, Germany, which have demonstrated a high adoption of 
wearable technologies. The Asia Pacific region is projected to be the fastest mounting region due to 
technology progresses by the regional companies and the subsequent entry of global players, and 
collective demand for luxury wearable devices. Furthermore, the growing competition between 
important players to unveil smartwatch designs with exclusive and cutting-edge features is 
improving the progress of the smartwatch market in the Asia-Pacific region. 
Competitive Analysis 
The market is observed to be on a hot streak of expansion in the forecast period. The market 
players are expected to contribute in a significant way to the progress of the market by investing 
capital and fortifying their assets along with their competencies, in the market to match the pulse of 
the market. The customer inclinations are projected to define the growth of the global market more 
than ever in the coming years. The intensive attention focused on research and development 
activities is projected to open up new areas for the development of the market in the forecast 
period. The robust marketing activities undertaken by the contenders in the market are inspiring 
the next steps for market development in the forecast period. The improved backing by 
government and trade bodies are creating a favorable pace of growth in the market. The control of 
overhead costs is projected to motivate the market considerably in the forecast period. 
The outstanding smartwatch market companies are Fossil Group (US), Pebble (US), Qualcomm 
(US), Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Sony 
Corporation (Japan), ConnecteDevice Ltd. (Japan), Fitbit, Inc. (US), LG Electronics (South Korea) 
Apple Inc. (US), and Motorola (US), among others. 
Industry Updates: 
Mar 2020 Vagus.co, a Cambridge-based ECH smartwatch manufacturer, is applying different 
measures to get more data on corona virus, so that the watch can be leveraged as another tool in 
the fight against the disease. Vagus.co has introduced a crowd-sourced open data study in order to 
collect up as much ECG data as likely through their smartwatches.