Summary of our market study
to understand this market
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
Summary and extracts
1 Market overview
1.1 Definition and presentation
A connected watch, also known as a " smartwatch ", is an electronic watch that integrates sophisticated communication functions: telephone call reception and transmission, cell phone notifications, message sending and reception, voice recognition. These instruments are usually equipped with a touchscreen that allows the display to be customized by changing the dial; in general, they act as a companion for smartphones to which they are linked by Bluetooth.
The global market for connected watches grew at a staggering 53.5% per year in volume terms between 2014 and 2020. While North America represents the leading regional market for this technological product, with 35% of global consumption, it is in Asia-Pacific that growth is expected to be strongest in the coming years. Asian demand is fuelled by widespread access to smartphones and the massive use of digital services. The European market is currently the second largest, with Germany, France and Italy leading the way. [Market Research Future]
The main trend that could transform the connected watch market is the shift towards healthcare. Indeed, the arrival of the electrocardiogram on the Apple Watch 4 has given it a new status as a medical monitoring device. The customer segment of the elderly could thus develop strongly with a connected watch used as a health support and risk prevention tool. Finally, on the other side of the demographic spectrum, young people are more interested in connected watches than their elders, and could leave traditional high-end or luxury brands behind to equip themselves with smartwatches.
In Spain, the connected watch market is also booming, with a growth rate of +18% in 2020, a growth rate almost in line with the European growth rate of 20. 8% over the same period. Consumer favorites include Xiaomi, Apple, Huawei and Samsung, but a number of local manufacturers have also managed to establish themselves successfully.
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the connected watch market | Spain
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
5 reports pack (-15%) ES Spain
- 5 reports at €75.6 excluding VAT per study to choose from our Spanish catalogue for 12 months
- Save 15% on additional studies purchased
- Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)
See the terms and conditions of the pack and the refund of unused credit.