What is Children Digital Watch Market?
A digital watch is a type of clock, which displays the time digitally, i.e. numerical or other symbols. The growing population of children is driving the growth of the global children's digital watch market. The rising adoption of the latest fashion among children has projected the growth of the global children's digital watch market over the forecast period.
The market study is being classified, by Application (Keeping Track of Time, Fashion Quotient, Monitoring Day to Day Activities and Others) and major geographies with country level break-up.
Titan (India), TAG Heuer (Switzerland), Seiko (Japan), Timex Group (United States), Tissot (Switzerland), Casio (Japan), Tommy Hilfiger (Netherlands), Vacheron Constantin (Switzerland), Guess (United States), CARTIER (France) and DKNY (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Citizen Watch Co., Ltd. (Japan), Sonata (India) and Maximawatches (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Children Digital Watch market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Children Digital Watch market by Type, Application and Region.
On the basis of geography, the market of Children Digital Watch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demands of Advanced and Efficient Digital Watch
- Rising Population of Children has Increased the Demand for the Digital Watch
- Rising trend of Shifting towards the Latest Fashion among the Children
- Growing Fluctuations in the Prices of Branded Digital Watch
- Strict Rules and Regulations by the Government
- Growing Focus of Consumers on the Beauty or Art of Any Product
- Increase in the Tech Savvy Urban Population
- Availability of New Advanced Technologies
With the growing technology, smartwatches have now become capable of aiding with measurements and calibrations. Smart-watches can be used to deduce temperature, blood pressure, heart rate, steps, humidity, and many other such measurable factors. This has brought smartwatches and their business under the observation and regulation of the Legal Metrology Act of India. The Legal Metrology Department is responsible for ensuring that devices involved with the examination of measurements and weights must be reliable and their manufacture, sale, and service must be monitored by proper protocols and authorities. This ensures uniformity among caliber able metrics and also confirms that a user can rely upon the device. and On February 1st, 2018 - The government increased the import duty on luxury watches from 10% to 20% in India.
Key Target AudienceChildren Digital Watch Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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