About Hybrid Watches
Hybrid watches are watches that look like a traditional watch, but function like a smartwatch. It has a sleek, traditional design powered by smart technology. It is an analog watch with mechanical hands that contains smart features such as step counting, run tracking, and smartphone notifications. These hybrid watches are perfect for the user who is part vintage soul, part tech junkie. The factors such as Increased Disposable Income of the People, Increased Demand from Online Customers and Rise in the Promotional Activities by Manufacturers are the key drivers for the global Hybrid Watches market. In addition, Technological Advancements in Hybrid Watches fueling market growth. However, the High Cost of Hybrid Watches and Less Awareness about Hybrid Watches may hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hybrid Watches market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alpina (Switzerland), Garmin Ltd. (United States), Fossil Group, Inc. (United States), Mondaine Watch Ltd. (Switzerland), Withings (France), LG Electronics (South Korea), Motorola Mobility LLC (United States) and Samsung Group (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Watches market by Type (Watch OS, Android Wear and Tizen), Application (Health Management, GPS Positioning, Movement and Other) and Region.
On the basis of geography, the market of Hybrid Watches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Hybrid Watches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Hybrid Watches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Hybrid Watches
Market Growth Drivers:
Increased Disposable Income of the People, Increased Demand from Online Customers and Rise in the Promotional Activities by Manufacturers
Challenges:
Competition from Low-Quality Products Manufacturers
Restraints:
High Cost of Hybrid Watches and Less Awareness about Hybrid Watches
Opportunities:
Growth in the E-commerce Industry Worldwide and Robust Increase in the Distribution Channels
Market Leaders and their expansionary development strategies
In June 2020, Garmin had announced that it has purchased Firstbeat Technologies' Firstbeat Analytics, it's business unit responsible for physiological-measurement algorithms for use with consumer health and wellness devices.
In March 2019, Alpina has announced an update to its AlpinerX hybrid smartwatch at Baselworld, with the designs inspired by the Kickstarter community.
Key Target Audience
Hybrid Watches Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.