What is Hybrid Watches Market?
Hybrid watches are are watches that look like a traditional watch, but function like a smartwatch. It has a sleek, traditional design powered by smart technology. It is an analog watch with mechanical hands that contains smart features such as step counting, run tracking, and smartphone notifications. These hybrid watches are perfect for the user who is the part vintage soul, part tech junkie.
The market study is being classified by Type (Watch OS, Android Wear and Tizen), by Application (Health Management, GPS Positioning, Movement and Other) and major geographies with country level break-up.
Alpina (Switzerland), Garmin Ltd. (United States), Fossil Group, Inc. (United States), Mondaine Watch Ltd. (Switzerland), Withings (France), LG Electronics (South Korea), Motorola Mobility LLC (United States) and Samsung Group (South Korea) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hybrid Watches market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Hybrid Watches market by Type, Application and Region.
On the basis of geography, the market of Hybrid Watches 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.
Market Drivers
- Increased Disposable Income of the People
- Increased Demand from Online Customers
- Rise in the Promotional Activities by Manufacturers
Market Trend
- Technological Advancements in Hybrid Watches
Restraints
- High Cost of Hybrid Watches
- Less Awareness about Hybrid Watches
Opportunities
- Growth in the E-commerce Industry Worldwide
- Robust Increase in the Distribution Channels
Challenges
- Competition from Low-Quality Products Manufacturers
Key Target Audience
Hybrid Watches Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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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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