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.
To Request a Sample of our Report on Smartwatch Market: https://www.omrglobal.com/request-sample/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-
By Product
By Operating Systems
By Applications
Regions Covered-
North America
Europe
Asia-Pacific
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.
(Get 15% Discount on Buying this Report)
A full Report of Smartwatch Market is Available at: https://www.omrglobal.com/industry-reports/smartwatch-market
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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
