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Showing posts with the label Smartwatch Market Share

Surging Personal Health Awareness Propelling Smartwatch Demand

Smartwatches can seamlessly integrate daily health-related activities into an application-based module that can be accessed from a smart device, such as a tablet or smartphone. These watches are gaining traction among the young population, especially among people within the age group of 15–35 years, who want to monitor and maintain their fitness schedules and personal health.  Thus, the surging public awareness on tracking personal health will fuel the adoption of smartwatches in the foreseeable future. Moreover, the increasing integration of automotive control features in such consumer electronics will drive the smartwatch market at a vigorous CAGR of 22.7% during the forecast period (2018–2023). The market revenue is expected to surge from $10.2 billion in 2017 to $43.8 billion by 2023. Market players around the world are developing a new range of smartwatches that are compatible with automotive features such as remote ignition, smart locking and unlocking, and driver assistance...