The Smartwatches had evolved as a Helping Hand in the Fight against COVID-19, due to which Global Smartwatch Market is on Boom

Published: Jun 2021

The global smartwatch market is anticipated to grow at a considerable CAGR of 19.6% during the forecast period (2021-2027). As the medical equipment are getting vanished from the markets due to their scarcity in the current situation of COVID-19, smartwatches are taking their place with multiple advantages from a single device. These devices are now equipped with SpO2 sensors to track the oxygen level of blood with the addition of heartbeat trackers. Few market players had equipped these devices with temperature sensors to monitor the body temperature of the user.

Browse the full report description of "Global Smartwatch Market Size, Share & Trends Analysis Report by Product (Classic Smartwatch, Fitness Band Smartwatch, and Standalone Smartwatch), By Operating Systems (Android, iOS, Windows, and Other), By Applications (Medical/Health, Personal Assistance, Sports, and Other) Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/smartwatch-market

The Amazfit GTS 2e of Huami is a recently launched product that has all the features mentioned above with the aesthetic look of the aluminum frame. Similarly, Apple Watch Series 6, Samsung Galaxy Watch 3, OnePlus Watch, Realme Watch S, Oppo Band Style, Fitbit Charger 4, Garmin vivosmart 4, and Honor Band 5i are a few of the smartwatches that can check the oxygen level of blood with SpO2 sensors.

The smartwatches had already started fulfilling the health and fitness monitoring needs far before the COVID-19 pandemic had started. According to the survey conducted by Rock Health in 2019, the adaptation of wearable devices for health monitoring is increased from 24% in 2018 to 33% in 2019. According to the Clutch report, 61% of people use smartwatches as a wearable device while 27% use fitness trackers. 70% of people using wearable devices use it to track their health and fitness, 61% of people check the time on it and around 52% of people use it for communication purposes. These data show that humans had started using these devices far before the COVID-19, however, the evolution of this disease had added new features to this device. Now, these smartwatches are capable to detected COVID-19 infection 70% times correctly before the actual diagnosis test according to the study of Snyder's group.

Market Coverage

  • The market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered- 

o By Product

o By Operating Systems

o By Applications

  • Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

  • Competitive Landscape-  Apple Inc., Fitbit Inc., Fossil Group Inc., Google Inc., Nike, Inc., Qualcomm Inc., Samsung electronics co. Ltd., Sony Group Corp., and others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Smartwatch Market Report Segment

By Product

  • Classic Smartwatch
  • Fitness Band Smartwatch
  • Standalone Smartwatch

By Operating Systems

  • Android
  • iOS
  • Windows
  • Others

By Applications

  • Medical/Health
  • Personal Assistance
  • Sports
  • Other

Global Smartwatch Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/smartwatch-market