TechNavio recognizes the following companies as the key players in the Global Smartwatches Market: Martian Watches, Pebble Technology Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., and Sony Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing R&D spending on smartwatches is a major trend witnessed in the Global Smartwatches market. Leading vendors such as Pebble, Maritime, Samsung, and Sony have increased their investment in the R&D of smartwatches. For instance, they are partnering with suppliers and value-added re-sellers and investing significantly in R&D. An increased focus on R&D and on establishing partnership networks is helping vendors introduce inexpensive solutions. Further, more focus on R&D is helping vendors introduce products with more accuracy and better integration ability. Thus, the high accuracy and the integration ability coupled with the reduction in smartwatch prices are leading to an increase in the adoption of smartwatches.”
According to the report, one of the main drivers is the entry of big vendors into the Global Smartwatches market. Previously, the market was dominated by vendors with relatively low brand image in the Electronic Device industry. However, with the entry of big players in the Electronic Device industry, the curiosity and demand for smartwatches among end-users have increased.
Further, the report states that one of the major challenges faced in the market is the lack of proper technology standards. As the Global Smartwatches market is a fairly new and emerging market, technology standards are still not clearly defined. This can hamper the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-smartwatches-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Smartwatches Market 2014-2018
