According to the smartwatch market research report by GMI Research: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Smartwatch Market examines the impact of the COVID-19 pandemic and demonstrates that the market is likely to experience a slump in 2020, and will accelerate in 2021, growing at a significant rate from 2022 onwards. Smartwatch refers to the wearable wristwatch that has a touchscreen interface for daily use. The smartwatches are usually used to monitor the heart rate, track physical activities, and provide reminders throughout the day.

Competitive Landscape: The Smartwatch Market report also scans the competitive landscape and profiles the major players operating in the market, including Fitbit, Google Inc., Sony, Apple Inc., Nike, Garmin, Samsung Electronics, Shanda, Pebble Technologies Corporation, and Mio Alpha.

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The global smartwatch market share has grown significantly in the past few years and the global electronics organizations are rushing to launch their own version of the smartwatch. As per the smartwatch market analysis, Samsung, Google, and Apple are leading in the global smartwatch market however, in the future, the number of players offering smartwatch is projected to increase, which will bring more competition into the market.

With the emergence of COIVD-19, the global smartwatch market is going to be adversely affected, especially in 2020. The high dependency on China for different parts of the smartwatch is the key factor which will hamper the market. The growing emphasis on maintaining social distance and staying at home is encouraging the Chinese workers to either stay at home or work on alternative days, which in turn, is affecting the production volume.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/global-smart-watch-market/

Market Segments:

Breakup by Price Bands:

High-End smartwatches
Mid-End smartwatches
Low-End smartwatches
Breakup by Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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