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The North American smartwatch market is expected to grow at a CAGR of 9.57 percent during the forecast period. Increased smartphone penetration and rising public awareness about personal health and fitness are driving the growth of the North American Smart Wearable market. Furthermore, smart wearables with distinct features such as monitoring, notifications, and connectivity have piqued consumer interest in recent years.
North America Smart Wearables Market Report Scope and Research Methodology:
The report includes a thorough examination of the various market segments and geographies, as well as an in-depth analysis of the industry's leading players' strategies. SWOT analysis was used to determine the key players' strengths and weaknesses. A comprehensive analysis of North America Smart Wearables market dynamics, including drivers, restraints, opportunities, and challenges, is provided for each region and segment. The market report also includes import/export consumption, supply and demand, price, cost, revenue, and gross margins. To make accurate inferences, SMR analysts used data collected through primary and secondary research and analysed by SMR analysts. North America Smart Wearables The market has been consolidated. To gather information for the North America Smart Wearables Market report on critical market factors such as market trends and market dynamics. Primary interviews were carried out to Secondary data was gathered from sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases, and free databases to gather information on size, growth trends, competitive landscape, and outlook, among other things. To estimate the and regional North America Smart Wearables Market size, the bottom-up approach was used.
North America Smart Wearables Market Report Overview:
The study is based on major company forecasts as well as North America Smart Wearables Market statistics. During the forecast period, the North America Smart Wearables Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.
North America Smart Wearables Market size
is estimated to grow at a CAGR of 9.57% during the forecast period.
North America Smart Wearables Market is expected to reach US$ 25.24 Bn.
in 2027 from US$ 14.58 Bn in 2021.
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North America Smart Wearables Market Regional Analysis:
North America Smart Wearables Market Segmentation:
The North America Smart Wearables Market is divided into several product categories, including neck-wear, foot-wear, wrist-wear, body-wear, eye-wear, and head-wear, among others. The wrist-wear segment dominated the market, accounting for more than half of the total market share. To provide the user with essential fitness data and statistics, a mobile application could be combined with a fitness wristwatch or band. Among the leading wrist-wear manufacturers for sports and fitness applications are GOQii, Apple, Fitbit, and Nike.
The North America Smart Wearables market is classified into healthcare, enterprise and industrial applications, consumer electronics, and others based on application. The consumer electronics segment is expected to account for more than 45 percent of North American sales. Fitness and sports, apparel and fashion, infotainment and multimedia, multifunction, and many other applications are possible with consumer electronics. As consumer demand for wearable consumer electronics grows, industry participants are focusing their efforts on developing devices that enable consumers to track their working hours. The increasing popularity of wearable devices and health apps, combined with technological advances, has expanded the scope of remote health monitoring, allowing patients and clinicians to communicate more effectively.
North America Smart Wearables Market Key Players:
Apple Inc. (U.S.)
Fitbit Inc. (U.S.)
Fossil Group Inc. (U.S.)
Garmin Ltd. (U.S.)
Google LLC (U.S.)
Microsoft Corporation (U.S.)
Qualcomm (U.S.)
Jawbone (U.S.)
Motorola Solutions Inc. (U.S.)
Nike (U.S.)
Misfit (U.S.)
Key Questions answered in the North America Smart Wearables Market Report are:
Key offerings:
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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