Global Smart Outdoor Watch Market Overview:
The intelligent outdoor watch has an integrated GPS. In an area with a cellular signal, this is not a big problem, but the feature would be very useful in the wild. Smart outdoor watches are powerful technology packages. The best smart outdoor watches have better sensors than a modern smartphone, in a tiny device, and with longer battery life. Other popular examples have evolved into nearly indestructible timing tools that look as good as they wear. And in the middle, there is a multitude of worthy variations. It's a watch that will keep up with the entire workweek, track your daily workout routine, and then be ready for big weekend expeditions and all while looking pretty stylish.
- Rising demand for Fitness Devices
- Increasing Awareness of Health and Fitness
- Increasing Usage of Internet Connectivity Gadgets
- Fitness Trackers Have Become A Top Priority
- Adoption of Water Proof and Shock Proof Features
- Voice Assistants to Make Calls/Send Text Messages Hands-free
- High Cost Associated with these Devices
- Lack of Strong Internet Connection
- Growth in Demand for Wireless Fitness & Sports Devices
- The Emergence of New Technologies such as HD Cameras, Touch Display
- The Entry of a Large Number of Players Drives the Market Growth
- Lack of Awareness Among Consumers About Product Functionalities
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Apple Inc. (United States), Fitbit (United States), Pebble Technology, Corp. (United States), Nike (United States), Casio (Japan), LG Corp (South Korea), Fossil Group (United States), Huawei (China), Samsung Group (South Korea), Motorola (United States), Suunto Oy (Finland), Garmin Ltd. (United States), EZON (India), OKI (Japan), Aberdeen (United Kingdom) and Sony (Japan). Additionally, following companies can also be profiled that are part of our coverage like Honor (China), TomTom (Netherlands) and Geak (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Smart Outdoor Watch market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Online Sales will boost the Smart Outdoor Watch market. Considering Market by Price Range, the sub-segment i.e. High Price will boost the Smart Outdoor Watch market. Considering Market by Connectivity, the sub-segment i.e. Bluetooth will boost the Smart Outdoor Watch market.
In 2019, Fossil launched the Fossil Sport smart Watch. This smartwatch is powered by Qualcomm Snapdragon Wear 3100 processor and runs the newly-redesigned Wear OS by Google. This product is ideal for all health and activity enthusiasts.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Outdoor Watch market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Outdoor Watch market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Smart Outdoor Watch, Suppliers and Distributors of Smart Outdoor Watch, End-Users, Potential Investors, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.