Global Android Watches Market Overview:
The increasing influences towards technology worldwide will help to boost global Android Watches market in the forecasted period. Android Watches are the watches including high-level functionality. Android is an operating system which is most prominently used in the smartwatches. Android watches have functions such as Hd Cameras, pick and drop calls, GPS tracker, check messages, track health and fitness including Heart Rate. With the introduction of the smartwatch to the family of wearable computing devices by Android, Smartwatches are now seen to be socially acceptable in the modern digital world, and can possibly be used as an alternative interface for information access. On 18th March 2014 Google Official Announced that they are coming for another arena into the world of Wearable Technologies with Android Wear, A New Operating System for Wearable Devices. These updates include things like Gmail, Google Calendar, Google Now cards, and phone notifications, such as incoming calls and text messages. Android Wear is a wearable devices/gadget which keeps the user’s hands-free and yet allows the user to use his/her smartphone.
As per latest study released by AMA Research, the Global Android Watches market is expected to see growth rate of 20.36%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Water Proof and Shock Proof Features and The Emergence of New Technologies such as HD Cameras, Touch Display
Market Growth Drivers:
Increasing Awareness of Health and Fitness and Less Production Cost
Challenges:
Low Battery Backup
Restraints:
Need to Enhanced Technique Such as Water resistance and Lack of IT Infrastructure
Opportunities:
Graduation in Processer of Android Watches, Technological Innovation such as Water Resistance Technique and High Demand for Fusion of Traditional Mechanical Watch and Smart Watch
Competitive Landscape:
Initially LG and Motorola have started producing Android Watch and certainly it helped them gain sustainable market position. Later Mobvoi, Huawei, Asus, Samsung have entered in the market and established position with brand names such as Mobvoi TicWatch Pro, Huawei Watch 2. Mostly Smartwatches have a similar type of configuration when it comes to software and hardware and design was at highest force in the past few years. However, to gain market share in upcoming year manufacturers have shifted their preferences
Some of the key players profiled in the report are Google Inc. (United States), LG (South Korea), Misfit (United States), Samsung (South Korea), Asus (Taiwan), Huawei (China), Garmin (United States), Moto (United States), Sony (Japan) and Fitbit (United States). The Vendors having a strong hold in the market are LG & Motorola. Additionally, following companies can also be profiled that are part of our coverage like Mobvoi (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Android Watches market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Android Watches market. Considering Market by Gender, the sub-segment i.e. Women will boost the Android Watches market.
Latest Market Insights:
17th January 2019, Fossil Grop has announced its plan to sell to Google intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group. The deal was established for 40 million dollars. As part of deal, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP will join Google.
On October 2018, Mobvoi has launched new smartwatch named as Ticwatch E2. It will be swim-proof as well as come packing with Google’s wear OS.
What Can be Explored with the Android Watches Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Android Watches Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Android Watches
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Android Watches market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Android Watches market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Android Watches Manufactures, Android Watches Suppliers, Wholesalers, Retailers, Government and other Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.