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Mark Peters : June 6th 2017 - 10:33 CET

Smartwatch market report 2017

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Technavio ReportsTechnavio smartwatch market report 2017 : Technavio has announced the top six leading smartwatch vendors in their 2017 global market report for smart wearables. The new research report also lists ten other prominent vendors that are expected to impact the market during the forecast period. The global smartwatch market is expected to grow at a staggering CAGR of 16% by 2021. The global smartwatch market is facing steady growth rate in terms of unit shipments because of the introduction of new watches and the entry of numerous Chinese vendors with less expensive smartwatches. Several manufacturers have launched new smartwatch models for 2017. The market research and forecast report is available for purchase at Technavio.
Smartwatch report 2017

Global smartwatch report 2017
Despite offering expensive smartwatches, Apple holds the largest share of the global smartwatch market today. This is mainly because of their aesthetics and consumers' preferences for Apple's smart wear products.

These premium smartwatches provide advanced features such as a powerful processor, built-in GPS, and waterproof housings. However, to remain competitive in the market, many vendors have reduced the prices of smartwatches.

Premium smartwatch vendors

Premium smartwatch vendors
Apple offers mobile communication and media devices, personal computers, portable digital music players, related software, networking solutions, accessories, third-party digital content, and applications globally.

Samsung offers a range of products as smart wearable smart devices under its Gear smartwatch portfolio. These include the Samsung Gear, Gear 2 Neo, Gear S, Gear Fit, and Gear 2 range of smartwatches. Samsung Gear S has a high popularity as it is able to operate without a smartphone and uses its own SIM card.

Lenovo is a Chinese multinational company that has expanded its business globally. The Lenovo smartwatches are featured as Motorola Moto 360 Sport. The watches have Wi-Fi connectivity, Android Wear OS, includes heart rate sensors, and dual digital microphones.

Smartwatches offered by Garmin have GPS, built-in sports apps, and activity trackers. Garmin smartwatches are compatible with multimedia entertainment apps, Bluetooth-enabled devices, and support notifications such as alerts for calls, texts, e-mails, and calendar items while pairing with smartphones.

Fitbit sells smart wearable products under the brand names Zip, One, Flex, and Charge. Zip is a clip-based electronic device that tracks steps, distance, and calories burned. It syncs the statistics with computers and selected smartphones. One tracks steps, stairs climbed, distance, and calories burned.

Pebble Technology manufactures and sells smartwatches and smart wear that can connect with Android smartphones and Apple iPhone. The company sells smartwatches through a strong network of retail stores and its online website. The key retail stores of the company are AT&T, Amazon UK, Target, Swisscom, Mediamarkt, Coolblue, Alternate, Crystal Media, and Dick Smith.

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