Europe Smartwatch Market 2020-2030 by Product Type, Operating System, User Gender, Age Group, Distribution Channel, Application, and Country: Trend Outlook and Growth Opportunity

The smartwatch is becoming popular for providing hands-free control and access to data anywhere at any time of the day. Apart from this, biometric functionality, GPS and mapping capability, and independent smartphone functionality are also a few unique features of the smartwatch in line with the increasing disposable income of the people, which is expected to drive the market in European countries. Europe smartwatch market reached $2,680.9 million in 2019 and will grow by 21.2% over 2020-2030 owing to the rising need for smart wearables and connected devices in the region. Many different factors affect the market of smartwatch in the region some of them include growing number of connected cars in European countries, the number of features to be used via smart wearables is also increasing. The aging population has increased risks for chronic conditions, falls, disabilities, and other adverse health outcomes. Wearable smart devices have been adopted by adults as well as older people to address some of the difficulties related to detecting and managing unfavourable health conditions. According to Goldman Sachs, the project size of the global market for a vehicle to everything (V to X) technologies is expected to reach USD 14,773 million by 2030. Also, the component suppliers, such as ARM Holding, Bosch, have been actively introducing processors and chipsets, among others, to cater to the ever-increasing needs of the customers for the multipurpose performance features across the fitness and wellness segment. Moreover, the COVID-19 pandemic encouraged many vendors to launch solutions to curb the spread of the virus with the help of smartwatches. For instance, Germany’s Germany'sealth authority launched a smartwatch app in partnership with health tech start-up Thryve to help monitor the spread of COVID-19 and analyse whether measures to contain the novel coronavirus pandemic are working.

Covid-19 impact on the market 
The global COVID-19 epidemic had caused severe disruption in the various regions across the globe. The number of coronavirus cases had increased exponentially and there were no substantial measures to counter the worldwide epidemic. China is a major technology manufacturing hub, particularly for smart technology and electronics. The technology market has faced many difficulties due to COVID-19 pandemic which led to a massive impact on the market economy. Companies which are mainly dependent on Chinese imports were suffering many setbacks and challenges. The technology market in North America will be the most disturbed followed by the European market. Both of them have a huge dependency on Chinese industry. Online retailers are struggling to dispatch products effectively. The largest online retailer, Amazon is also struggling to cope with this crisis.COVID-19 crisis has forced several companies in the smart watch marketplace to halt their manufacturing activities in order to fulfil the government rules. This pause in business operations is directly affecting the revenue flow of the global market.

This 111-page report “Europe Smartwatch Market 2020-2030 by Product Type, Operating System, User Gender, Age Group, Distribution Channel, Application, and Country: Trend Outlook and Growth Opportunity” is based on comprehensive research of the entire Europe smartwatch market and all its sub-segments through extensively detailed classifications, and talks further in detail about the topics highlighted above. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2030. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure 
• Growth Drivers 
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Europe smartwatch market in every aspect of the classification from perspectives of Product Type, Operating System, User Gender, Age Group, Distribution Channel, Application, and Country. 

•By Product Type
    • Extension
    • Standalone
    • Classical

•By Operating System
    • WatchOS
    • Tizen
    • Android
    • Real-time Operating System (RTOS)
    • Other Operating Systems

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•By User Gender
    • Men
    • Women 

•By on Age Group
    • Age <18
    • Age 18-24
    • Age 25-34
    • Age 35-44
    • Age 45-54
    • Age >55

•By Distribution Channel
    • Online
    • Offline 

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•By Application 
    • Wellness
    • Sports
    • Medical and Healthcare
    • Personal Assistance
    • Other Applications 

•By Geography
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe (further segmented into Russia, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

For each of the aforementioned countries, market analysis and revenue data are available for 2019-2030. The breakdown of major national markets by Product Type, Operating System, and Application over the study years (2019-2030) is also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe smartwatch market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request): Apple, Inc., ASUSTeK Computer Inc., Connected Device Ltd., Fitbit, Inc, Google Inc., Huawei Technologies Co. Ltd., Neptune Pine, Pebble Technology Corporation, Qualcomm Inc., Razer Inc., Samsung Electronics, Sony Corporation, Timex Group Inc., Xiaomi 

(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)