Smart Watch Global Market Report 2023 – By Product (Extension, Standalone, Classical), By Application (Personal Assistance, Wellness, Healthcare, Sports, Other Applications), By Display Type (AMOLED, PMOLED, TFT LCD 4) By Operating System (Watch OS, Android/Wear OS, Other Operating Systems) – Market Size, Trends, And Global Forecast 2023-2032

Clothing and clothing accessories stores are stores that sell clothing and clothing accessories to ultimate users from fixed locations. The clothing and clothing accessories stores ranges from small to large and offer various apparels based on consumer preferences. The major types of clothing and clothing accessories are clothing and apparel stores, jewellery and watch stores, optical goods stores, and footwear stores. Clothing and apparel stores refer to the shops that sell dresses, clothes, and apparel like shoes and other costume-related items. The two types of ownership are retail chain and independent retailer, both of which sell through an exclusive showroom and dealer store. The global clothing and clothing accessories stores market is segmented – 1) By Type: Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores 2) By End-User: Men, Women, Kids or Infants 3) By Ownership: Retail Chain, Independent Retailer 4) By Type of Store: Exclusive Showroom, Dealer Store The global clothing and clothing accessories stores market size will grow from $1,214.28 billion in 2022 to $1,301.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of clothing and clothing accessories stores is expected to grow to $1,636.51 billion in 2027 at a CAGR of 5.9%. Many clothing and accessories stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for building materials and garden equipment and supplies dealers to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the clothing and clothing accessories stores market include TJX Companies Inc., LVMH Moet Hennessy Louis Vuitton SE, Industria De Diseno Textil SA, Hennes & Mauritz AB, Rajesh Exports, Fast Retailing Co. Ltd., Inditex, The Gap Inc., Associated British Foods plc, and L Brands Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the clothing and clothing accessories market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the clothing and clothing accessories stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at cutting costs and time involved in store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity, and improves the overall customer experience. Retailers are also focusing on using self-checkout stands for customers. Some of the major clothing retailers, such as Zara and Lifestyle, are using self-checkout systems. In June 2022, MishiPay self-checkout kiosk was launched to store 100% of store transactions all by the customers. Western Europe was the largest region in the clothing and clothing accessories stores market in 2022. North America was the second-largest region in the clothing and clothing accessories stores market share. The regions covered in the clothing and clothing accessories stores market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the clothing and clothing accessories stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The clothing and clothing accessories stores market includes revenues earned by entities by providing services through boutiques, designer stores, and specialty stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The clothing and clothing accessories stores market research report is one of a series of new reports from The Business Research Company that provides clothing and clothing accessories stores market statistics, including clothing and clothing accessories stores industry, clothing and clothing accessories stores market size, regional shares, competitors with a clothing and clothing accessories stores market share, detailed clothing and clothing accessories stores market segments, market trends and opportunities, and any further data you may need to thrive in the clothing and clothing accessories stores industry. This clothing and clothing accessories stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

A watch is a portable timepiece worn by individuals around the wrist and attached by a strap. A clock is a device used for measuring and indicating time, using pointers moving over a dial. A measuring device is an instrument used to measure various physical parameters. Watches, clocks, and measuring devices are used for measuring time and physical quantity. The main types of the watch, clock, and measuring devices are watches and clocks, measuring devices. A measuring instrument is a device that is used to estimate the quantity of a parameter. Measurement is the process of collecting and analyzing physical quantities of real-world objects and events in the physical sciences, quality assurance, and engineering. There are three price ranges: low, mid, and luxury.The various distribution channels are offline retail stores and online retail stores. The various end-users are women, men, and unisex. The global watch, clock, measuring device market is segmented - 1) By Type: Watches and Clocks, Measuring Devices 2) By Price Range: Low Range, Mid-Range, Luxury 3) By Distribution Channel: Offline Retail Stores, Online Retail Stores 4) By End User Sex: Women, Men, Unisex The global watch, clock, measuring device market size will grow from $93.38 billion in 2022 to $104.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global watch, clock, measuring device market size is expected to grow to $156.4 billion in 2027 at a CAGR of 10.7%. The rise in disposable incomes was a major driver of the watch, clock, and measuring device market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the world’s middle-class population – defined as earning between $10 and $100 per day – increased from approximately 1.5 to 2 billion. Moreover, China’s economy grew by 6.9% and India’s GDP grew by 7.1%. Increased earnings greatly increased disposable incomes in emerging markets, contributing to the watch, clock, and measuring device market growth. Major players in the watch, clock, and measuring device markets are Apple Inc., Fitbit Inc., Samsung Electronics Co., Ltd., Garmin Ltd., Huawei Investment & Holding Co., Ltd., Lvmh Moet Hennessy Louis Vuitton SE, and Rolex SA. Rising trade protectionism acts as a major challenge in the watch, clock, and measuring device market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced since mid-2018, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains, and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact the watch, clock, and measuring device market growth. Internet of things (IoT) driven smartwatches are the highly preferred choice of watches. Smartwatches connected to the internet offer a wide range of features such as time, health monitoring, fitness tracking, receiving calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user’s life. With increasing consumers’ interests in health and fitness, convenience in day-to-day activities, and smart homes, wearable IoT devices such as smartwatches offer various features. G For instance, in February 2021, according to Eurostat, the Luxembourg-based statistical office of the European Union, responsible for publishing high-quality statistics, the use of smartwatches, fitness bands, internet-linked goggles or headsets, and other internet-connected accessories was reported by nearly one-fifth (19%) of EU citizens ages 16 to 74. Moreover, younger individuals (aged 16–24) utilized these smart wearables more frequently (28%) than older individuals (aged 25–54) (23%), who were followed by older individuals (aged 55–64) with 11%. In February 2020, Titan Company Limited, an India-based company operating in fashion accessories such as jewelry, watches, and eyewear acquired HUG Innovations Corp. for an undisclosed amount. Through this acquisition, Titan Company Limited aims to strengthen its product portfolio in connected wearable devices. HUG Innovations Corp. is an India-based company operating in smartwatches. The Asia-Pacific was the largest region in the watch, clock, measuring device market in 2022. North America is the second-largest region in the global watch, clock, measuring device market share. The regions covered in the global watch, clock, measuring device market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the watch, clock, measuring device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The watch, clock, and measuring device market consists of sales of alarm clocks, clock materials and parts, time clocks, wall clocks, electrodes, level and bulk measuring instruments, nanofluidic measurement and control devices, orifice plates, and other watches, clock, measuring devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The watch, clock, measuring device market research report is one of a series of new reports from The Business Research Company that provides watch, clock, measuring device market statistics, including watch, clock, measuring device industry global market size, regional shares, competitors with a watch, clock, measuring device market share, detailed watch, clock, measuring device market segments, market trends and opportunities, and any further data you may need to thrive in the watch, clock, measuring device industry. This watch, clock, and measuring device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart wearables are defined as devices that are integrated with advanced technologies to keep a track of real-time information on activities. The main devices of smart wearables are smartwatches, smart glasses, fitness and wellness devices, smart clothing and others. Smart clothing is essentially an electronic device that communicates with other connected devices (such as smartphones) as well as the wearer's body. Smart clothing collects biometric and physical data from the wearer, such as body temperature and heart rate, using a variety of sensors. The sensor-generated data is transferred via Bluetooth to relevant apps on a paired smartphone, where it can be viewed by users. The various technologies of smart wearables are memory and storage technology, speech and pattern recognition technology, communication and networking technology, sensing technology, computing technology, display technology that are used in lifestyle, healthcare, consumer applications, defense, fitness and sports, enterprise and industrial applications. The global smart wearables market is segmented - 1) By Devices: Smart Watches, Smart Glasses, Fitness & Wellness Devices, Smart clothing, Other Devices 2) By Application: Lifestyle, Healthcare, Consumer applications, Defense, Fitness & sports, Enterprise & industrial 3) By Technology: Memory and Storage Technology, Speech and Pattern Recognition Technology, Communication and Networking Technology, Sensing Technology, Computing Technology, Display Technology The global smart wearables market size will grow from $20.64 billion in 2022 to $23.33 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size o global smart wearables is expected to grow to $34.39 billion in 2027 at a CAGR of 10.2%. The increasing demand for wireless sports and fitness devices is projected to drive the smart wearables market. There is a rapid growth in the use of smart devices such as smartwatches among cyclists, runners, gym-goers, swimmers, and athletes to track the calories burnt, hourly activity, stationary time, and activity time. For instance, in December 2021, Xiaomi, a China-based consumer electronics company launched three new smartwatches with fitness trackers. This product allows users to make contactless payments on any MasterCard terminal, and 6 NFC also has a microphone, with support for Amazon Alexa that allows users to control their smart home devices. Therefore, the demand for smart and wireless fitness devices is expected to propel the smart wearables market. Major players in the smart wearables market are Apple Inc., Samsung, Google, Xiaomi, Nike, Motorola Solutions Inc., Garmin, Jawbone, Misfit, and Polar. The lack of control over the data generated by owners through their smart wearable devices constraints the growth of the market. The privacy policy of most wearable devices states that data collected would be shared with a third-party vendor, inherently giving way for the data breach. For instance, in 2021, Apple and Fitbit users' data was exposed online due to an unsecured database containing over 61 million records related to fitness trackers and wearables. Data breaches are a big concern to the users making it an obstacle for people to adopt the use of these devices and thus, impacts market growth negatively. The use of smart rings is a key trend shaping the growth of the smart wearables market. A smart ring is a wearable electronic device equipped with mobile devices such as sensors and NFC chips that are used as a peripheral tool to assist mobile devices for a variety of purposes, often monitoring everyday tasks. For example, in May 2022, Gucci x Oura, a Finland-based fitness tracker company launched a smart ring for $950. This product is made from black PVD-coated titanium and helps to discover self with highly personalized and responsive capability featuring the designer’s logo in 18-karat yellow gold, running along the outside of the band. In June 2022, Mensa, an Indian-based company acquired Pebble for an undisclosed amount. Through this partnership, Pebble’s online footprint and amplify its marketing and branding strengthen its efforts to become a household digital brand. Pebble is a California-based company operating in smart wearables. Asia-Pacific was the largest region in the smart wearables market in 2022. North America was the second-largest region in the global smart wearables market analysis. The regions covered in the global smart wearables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart wearables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The smart wearables market consists of sales of fitness trackers, smartwatches, VR headsets, activity trackers, smart wristbands, and other smart wearables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart wearables market research report is one of a series of new reports from The Business Research Company that provides smart wearables market statistics, including smart wearables industry global market size, regional shares, competitors with a smart wearables market share, detailed smart wearables market segments, market trends and opportunities, and any further data you may need to thrive in the smart wearables industry. This smart wearables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wearable medical devices are autonomous medical devices that can be worn by a person and perform functions such as medical monitoring and support. The main types of wearable medical devices are diagnostic devices and therapeutic devices. The diagnostic devices are used for diagnosing patient outcomes. The various product types include watches, wristbands, clothing, earwear, and other devices. These are used in sports and fitness, remote patient monitoring, home healthcare, and ear wear. The various distribution channels are pharmacies, online channels, and hypermarkets. The global wearable medical devices market is segmented - 1) By Device Type: Diagnostic Devices, Therapeutic Devices 2) By Product Type: Watch, Wristband, Clothing, Ear Wear, Other Devices 3) By Distribution Channel: Pharmacies, Online Channel, HyperMarkets 4) By Application: Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear The global wearable medical devices market size will grow from $22.44 billion in 2022 to $27.37 billion in 2023 at a compound annual growth rate (CAGR) of 21.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wearable medical devices market size is expected to grow to $60.48 billion in 2027 at a CAGR of 21.9%. The wearable medical devices market covered in this report is segmented by device type into diagnostic devices, therapeutic devices. It is also segmented by product type into watch, wristband, clothing, ear wear, other devices, by distribution channel into pharmacies, online channel, hypermarkets and by application into sports and fitness, remote patient monitoring, home healthcare, ear wear. Major players in the wearable medical devices market are Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co., and Medtronic PLC. The rise in mortality rate due to non-communicable diseases with an increasing prevalence of chronic diseases and lifestyle-associated diseases like hypertension and diabetes contributed to the growth of wearable medical devices. The Healthcare industry is coming up with newer technologies to overcome this with necessary measures like continuous and remote patient monitoring facilities through wearables which can be worn over the body all-day long for continuous monitoring of the required parameters like vital signs, glucose levels, and more. According to the world health organization (WHO), 2020, Non-communicable diseases (NCDs) will estimate 80% of the global disease burden. Seven out of every ten deaths in developing countries are caused by NCDs, and around half of these deaths are in people younger than 70 years. Moreover, the global NCD burden will rise by 17% in the next decade, and in Africa., it will grow by 27%. According to the International Diabetes Federation, an international organization working for spreading awareness regarding diabetes, in 2021, 537 million adults were living with diabetes. This number is expected to increase to 643 million by 2030 and 783 million by 2045. The rise in the number of chronic diseases coupled with growing awareness among the people is pushing them towards continuous monitoring which boosted the wearable medical devices market growth. Wearable device manufacturers collect and store data to sell them to the customer itself by charging a certain amount on monthly basis or periodically as per the requirement or to third parties at places where this information is not considered as Protected Health Information. There is a higher exposure of sensitive data as the amount of data handled by Medical Internet of Things devices is growing exponentially. The major data privacy concerns arise during the transmission of data to a cloud and during its storage. In July 2022, according to a survey released by American Medical Association (AMA), a US-based healthcare association, 92% of the respondents were in favour of maintaining their privacy and agreed that the medical data should not be sold to companies. There are risks of the access and security of the personal information collected by the third-party healthcare service providers which are expected to hamper the growth of the wearable medical devices market during the forecast period. Integrating artificial intelligence into wearable medical devices is gaining traction. The data collected by wearable medical devices lack value without the integration of artificial intelligence (AI) that better utilizes the data collected. AI doctor which is a standalone network with a deep learning algorithm performs well than trained medical practitioners in conditions like skin lesions, electrocardiograms, medical imaging, and pathology. In 2020, Apple acquired Xnor.ai that develops technology like artificial intelligence to gain access to low-power AI tools for image recognition in wearables and others. A survey published in 2022 showed that 88% of the respondents were aware about AI. 46% of the respondents believed that the benefits of AI in healthcare outweighed the risk while only 2% agreed the opposite. The wearable device app developers are increasingly focused on integrating AI into the apps to analyze the remotely collected data for better interpreting the ailment by an AI doctor. North America was the largest region in the wearable medical devices market in 2022. Asia-Pacific was the second-largest region in the global wearable medical devices market analysis. The regions covered in the global wearable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wearable medical devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and USA. The wearable medical devices market consists of sales of wearble ECG monitors, wearable fitness tracker, biosensors and others that are wearable and are used for monitoring medical conditions. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wearable medical devices market research report is one of a series of new reports from The Business Research Company that provides wearable medical devices market statistics, including wearable medical devices industry global market size, regional shares, competitors with a wearable medical devices market share, detailed wearable medical devices market segments, market trends and opportunities, and any further data you may need to thrive in the wearable medical devices industry. This wearable medical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The luxury watch is a manually manufactured extraordinarily high-quality watches that come at a premium price and are classified to be luxury watches. These are the watches powered by manual and self-winding (automatic) movement. Parts of the movement are handmade and signify higher expenditure in production than industrially manufactured quartz watches. The main types of luxury watches are digital watches, and analog watches. The digital watch refers to a watch that displays the time in numerical digits rather than by hands on a dial. The various distribution channels include internet retailing, departmental stores, specialist retailers, exclusive showrooms, and other showrooms and are used by men, women, and unisex. The global luxury watch market is segmented – 1) By Type: Digital Watch, Analog Watch 2) By Distribution Channel: Internet Retailing, Departmental Stores, Specialist Retailers, Exclusive Showrooms, Other Distribution Channel 3) By End User: Men, Women, Unisex The global luxury watch market size will grow from $30.58 billion in 2022 to $34.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of luxury watch is expected to grow to $49.68 billion in 2027 at a CAGR of 9.8%. The growing consumer preference for high-quality, premium watches in the luxury goods industry is expected to propel the growth of the luxury watch market. Growing consumer preference in the luxury watch market is characterized as the abstract preferences of individual buyers, estimated by their fulfillment with those things after they've bought them. This satisfaction is often indicated to as utility. Purchaser worth is not entirely set in stone by how buyer utility thinks about various things. The surge in the luxury watches market is driven due to people's preference for high-end watches, due to increase in rising disposable income, and an urge among adults to wear expensive luxury watches as a social statement of their identity, especially in developing countries. For instance, according to the Swiss watch industry federation, 2021 was the best year for the Swiss watches market. The all-out trade worth of Swiss watches for 2021 was CHF 22.3 billion, beating the past record-breaking record of CHF 22.25 billion, which in turn indicates growing consumer preference. Therefore, the growing consumer preference for high-quality, premium watches in the luxury goods industry drives the growth of the luxury watche market. Major players in the luxury watch market are Seiko Holdings, Citizen Watch Company of America Inc., LVMH Moet Hennessy -Louis Vuitton, Compagnie Financiere Richemont SA, The Swatch Group Ltd., Audemars Piguet, Richard Mille, CASIO, Computer Co. Ltd., Patek Philippe SA, Bernard Watch Co., Apple Inc., A. Lange & Söhne, Movado Group Inc., and Richard Mille. Product innovations have emerged as the key trend gaining popularity in the luxury watch market. Major companies operating in the luxury watch market are focused on developing innovations to meet customer demand. For instance, in April 2021, during the watch & wonders event, Jaeger-Le Coultre, a swiss based luxury watch company unveiled Reverso Hybris Mechanical Calibre 185 for the first time, known as the quadriptych is the first and only watch in the world to be made with four dials priced at staggering 1.6 million dollars. There are staggering 11 complications that go inside this epic timepiece of surprisingly wearable proportions, three of which are patented features found only in this watch. In June 2021, Seiko Holdings Corporation, a Japanese luxury watchmaker collaborated with Rowing Blazers, American clothing, and accessories brand, on two limited editions and one special edition timepiece for an undisclosed amount. This collaboration will help companies in coming up with watches that are inspired by sport, nostalgia, and travel. Western Europe was the largest region in the luxury watch market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury watch market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the luxury watch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The luxury watch market consists of sales of smart watch, dress watches, quartz watches, field watch, chronograph watch and Swiss watches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The luxury watches market research report is one of a series of new reports from The Business Research Company that provides luxury watch market statistics, including luxury watch industry global market size, regional shares, competitors with a luxury watch market share, detailed luxury watch market segments, market trends and opportunities, and any further data you may need to thrive in the luxury watch industry. This luxury watch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A fitness tracker refers to a device that uses sensors to track orientation, movement, and rotation. The device collects data and converts it into steps, calories, sleep quality, and overall activity performed by the wearer during the day. The main device types in the fitness tracker market are smart watches, fitness banks, smart glasses, smart clothing and other device types. A smartwatch refers to a digital watch that provides many other features besides timekeeping. The various applications involved are heart rate tracking, sleep measurement, glucose measurement, sports, running and cycling tracking. The distribution channels are online, retail, and other distribution channels. The global fitness tracker market is segmented - 1) By Device Type: Smart Watches, Fitness Band, Smart Glasses, Smart Clothing, Other Device Types 2) By Application: Heart Rate Tracking, Sleep Measurement, Glucose Measurement, Sports, Running, Cycling Tracking 3) By Distribution Channel: Online, Retail, Other Distribution Channel The global fitness tracker market size grew from $38.56 billion in 2022 to $46.46 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fitness tracker market is expected to grow to $94.3 billion in 2027 at a CAGR of 19.4%. The increase in incidence of health disorders is expected to propel the growth of the fitness tracker market going forward. A health disorder refers to a condition that has known physical causes and visible psychopathology. With a fitness tracker, there will be physical activity every day, which helps in preventing various health disorders. For instance, in 2020, according to the World Health Organization, a US-based government agency, chronic disease prevalence is expected to rise by 57%. Therefore, the increasing incidence of health disorders is driving the growth of the fitness tracker market. Major players in the fitness tracker market are Apple Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd. (Huawei), NIKE Inc., Samsung Electronics Co. Ltd., Xiaomi Inc., Adidas Inc., Jawbone, Polar, Beienda, Ambiotex GmbH, Hexoskin, Fossil Group Inc., and TomTom N.V. Technological advancement is a key trend gaining popularity in the fitness tracker market. Major companies operating in the fitness tracker market are engaging in technological advancements to sustain their position in the market. For instance, in April 2021, Fitbit, a US-based consumer electronics and fitness company that is operating in the fitness tracker market, launched Fitbit Luxe, a fashion-forward health and wellness tracker with the fundamentals like heart and sleep tracking, breathing rate, stress management, and other such features. It added a touch of luxury with a stainless steel case and colour AMOLED display technology. It has a blood oxygen sensor and keeps track of stress with a daily stress score, sleep, heart rate, steps, active zone minutes, and 50-meter water resistance. In January 2021, Google, a US-based technology company, acquired Fitbit for $2.1 billion. Through this acquisition, Google aims to expand its fitness platform portfolio and make health and wellness more accessible to more people. Fitbit is a US-based consumer electronics and fitness company that produces wireless-enabled wearable technology, physical fitness monitors, and activity trackers such as smartwatches. North America was the largest region in the fitness tracker market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fitness tracker market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the fitness tracker market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fitness tracker market consists of sales of basic fitness trackers, heart rate monitoring trackers, and heart rate monitoring trackers with GPS. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fitness tracker market research report is one of a series of new reports from The Business Research Company that provides fitness tracker market statistics, including fitness tracker industry global market size, regional shares, competitors with a fitness tracker market share, detailed fitness tracker market segments, market trends and opportunities, and any further data you may need to thrive in the fitness tracker industry. This fitness tracker market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A flexible display refers to an electronic display printed on a foldable plastic membrane that can easily be twisted. These displays can withstand being folded, bent, and twisted, and they are more flexible as compared to a flat display. These have better durability and are lightweight. It is used in virtual reality (VR) headsets, digital cameras, laptops, and televisions. The flexible display market consists of sales of flexible displays by entities (organizations, sole traders, and partnerships) that are used in virtual reality (VR) headsets, digital cameras, laptops, and televisions. A flexible display refers to an electronic display printed on a foldable plastic membrane that can easily be twisted. These displays can withstand being folded, bent, and twisted, and they are more flexible as compared to a flat display. These have better durability and are lightweight in nature. The main types of flexible display are OLED (organic light-emitting diodes), LCD (liquid-crystal display), EPD (electronic paper display), and others. The OLED-based flexible displays are used in televisions, computer systems, laptops, and smartphones owing to their better image quality, high degree of flexibility, and consumption of less energy. OLED refers to a light-emitting technology designed by placing organic films between two conductors. The different form factors include curved display, bendable and foldable display, and rollable display. The various substrate materials used are glass, plastic, and others that are used in smartphones and tablets, vehicles, public transport, and other applications. The global flexible display market is segmented - 1) By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types 2) By Substrate Material: Glass, Plastic, Others Substrate Types 3) By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display 4) By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications The global flexible display market size grew from $14.53 billion in 2022 to $19.77 billion in 2023 at a compound annual growth rate (CAGR) of 36.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The flexible display market size is expected to grow to $62.2 billion in 2027 at a CAGR of 33.2%. The rising demand for OLED-based devices is expected to propel the growth of the flexible display market going forward. An OLED refers to an organic electroluminescent (organic EL) diode, which is a light-emitting diode, that contains an emissive electroluminescent layer that gives good quality to the picture. Most flexible displays are made of OLED displays because they give better picture quality even when the screen is bent and twisted. For instance, in 2021, according to the Retailers Association of India (RAI), an Indian retail trade association consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of 2021 than it was in the same period in 2020.Therefore, the rising use of OLED displays in devices such as smartphones and TV is driving the growth of the flexible display market. Major players in the flexible display market are BOE Technology Group Co., LG Display Co.Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corporation, Corning Incorporated, Sharp Corporation, Visionox Company, E Ink Holdings Inc., and Koninklijke Philips N.V. Technological advancements have emerged as a key trend gaining popularity in the flexible display market. Major companies operating in the flexible display market are focused on technological advancements to strengthen their position in the market. For instance, in January 2022, Samsung Electronics, a South Korea-based developer of smartphones, laptops, and televisions, launched new displays, namely, MicroLed, Neo QLED, in their new Lifestyle Television models. The Neo Quantum Processor allows the TV to control its lighting and enhance the brightness and accuracy of all shapes on the screen. This contains cloud gaming, on-screen multitasking, and a wide range of cutting-edge personalized features. In July 2022, Samsung, a South Korea-based company operating in electronics manufacturing including flexible electronics such as flexible displays acquired Cynoa GmbH for a deal of $300 million. Through this acquisition, Samsung aims to strengthen its product portfolio in flexible display and foldable electronics. Cynora GmbH is a Germany-based company operating in flexible electronics such as flexible and transparent displays. North America was the largest region in the flexible display market in 2022. The regions covered in the flexible display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flexible display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The flexible display market consists of sales of flexible LCD, passive-matrix LCD, active-matric-LDC, OLED display, passive-matrix OLED, active-matrix OLED, and electrophoretic displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flexible display market research report is one of a series of new reports from the business research company that provides flexible display market statistics, including flexible display industry global market size, regional shares, competitors with a flexible display market share, detailed flexible display market segments, market trends and opportunities, and any further data you may need to thrive in the flexible display industry. This flexible display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart speakers (Bluetooth and Wi-Fi enabled) are devices that are integrated with virtual assistant devices powered by artificial intelligence. The companies involved in the smart speakers’ market are engaged in designing, manufacturing, and producing artificial intelligence-assisted speakers which are activated using voice recognition systems. The main intelligent virtual assistant of smart speakers are Amazon Alexa, Google Assistant, Siri, Cortana, and others. Google Assistant is a virtual assistant powered by artificial intelligence that is primarily available on mobile and smart home devices. The various applications of smart speakers include smart home, smart office, consumer, and others that are distributed through online and offline channels. The smart speakers are used by personal and commercial end-users. The global smart speakers market is segmented - 1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Other Intelligent Virtual Assistants 2) By Application: Smart Home, Smart Office, Consumer, Other Applications 3) By End User: Personal, Commercial 4) By Distribution Channel: Online, Offline The global smart speakers market size will grow from $6.6 billion in 2022 to $7.07 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart speakers is expected to grow to $9.22 billion in 2027 at a CAGR of 6.9%. With increasing consumer preference for technologically advanced products, there is a rise in the penetration of smartphones and smart devices. The enhanced personal use of smart devices points to the integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2020 and reached 325 million by 2020.Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the smart speakers market. Major players in the smart speakers market are Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, Onkyo Corporation, and Panasonic Corporation. Apart from increasing consumer preference for smart speakers the major drawback that’s concerning the market is data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, and login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, and personal information which can be accessed and operated from anywhere. In May 2020, according to Voicebot.ai, a US-based firm for voice assistance and artificial intelligence, 33% of Americans are concerned about data breaches while using smart speakers and it is the top reason for not purchasing the devices. These issues may hinder market growth if appropriate development in security concerns is not addressed. Virtual assistant devices are powered by artificial intelligence which offers ultimate luxury to the owner. They keep on listening to the command, analyze the needs, and perform the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with a voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high-quality virtual surround sound and exhibits features like setting the timer, managing calendar events, and more. Google assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. For instance, according to Voicebot.ai, a US-based firm for voice assistance and artificial intelligence report 2021, Amazon sold 16.5 million smart speakers and smart displays followed by Google with 13.2 million, Baidu with 6.6 million, Alibaba with 6.3 million, and Apple with 4.6 million smart speakers in the fourth quarter of the year 2020. The proliferation of virtual assistance is, in turn, driving the smart speaker market. In April 2022, Sonos, a US-based company operating in wireless speakers and home sound systems acquired Mayht for an undisclosed amount. Through this acquisition, Sonos aims to expand its product portfolio to compact light-powered Bluetooth speakers. Mayht is a Netherlands-based audio technology company. Asia-Pacific was the largest region in the smart speakers market in 2022. Africa is expected to be the fastest-growing region in the global smart speakers market during the forecast period. The regions covered in the global smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart speakers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart speakers market consists of sales of alexa, google assistant, siri, and other smart speakers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart speakers market research report is one of a series of new reports from The Business Research Company that provides smart speakers market statistics, including smart speakers industry global market size, regional shares, competitors with a smart speakers market share, detailed smart speakers market segments, market trends and opportunities, and any further data you may need to thrive in the smart speaker’s industry. This smart speakers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.