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⌚ Ready to build your next market-winning smartwatch? Dive into our industry guide for expert insights and profitable strategies 👉 https://lnkd.in/esMqJ_nz We've gathered insights from analysts and industry veterans to craft the ultimate recipe for smartwatch success. Learn how to: - Understand consumer needs - Balance price, features, and quality - Achieve cutting-edge industrial design - Ensure software flexibility - Strategically choose hardware components - Navigate product financing - Ensure IP protection By following these expert steps, manufacturers can create functional, profitable smartwatches, achieving brand recognition and long-term success in the wearable tech market! Do you need support in creating your next wearable product? Give us a shout at hello@microej.com to reach one of our experts! #smartwatches #wearabletech #wearables

As of 2024, the smartwatch market is experiencing dynamic growth and evolution. Technological advancements have propelled these wearables beyond mere timekeeping, transforming them into sophisticated devices that seamlessly integrate with our daily lives. Overall, the smartwatch market in 2024 reflects a convergence of technological innovation, user-centric design, and a focus on holistic well-being, driving the industry towards greater integration and widespread adoption.

CyberMedia Research’s latest Pulse Beat survey explores the experiences of young Indian consumers with sub-INR 3,000 smartwatches. 80% of the consumers in this price segment are first-time smartwatch users. The consumer study paints a promising market with room for improvement in key areas: 🎯 72% of users expressed concerns, particularly with screen strength and fitness tracking accuracy. 🎯 66% seek stronger displays (e.g., Gorilla glass) and enhanced accuracy (especially, step tracking). 🎯 76% of users reported issues with accuracy, with half (50%) encountering step count discrepancies. Going forward, CyberMedia Research anticipates a market shift prioritizing quality, enhanced performance, and accurate data tracking, amongst others. #smartwatches #wearables #consumertech #India #CMRInsights #CMRPulseBea

🚨 Hurt by price war, Boat downsizes wearable business 1️⃣ Homegrown brand Boat is downsizing its wearables business following stiff competition from players such as Fire Boltt, Noise and Tata Group's Titan, a top executive said. Its smartwatch market share slid from 19% in 2022 to 14% last year, according to research firm IDC. 2️⃣ “The average selling price over the last two years has tanked by about 68- 70% in this space which isn’t sustainable,” Boat CEO Sameer Mehta told Mint, adding that sluggish growth in the segment had prompted the company to “take it slow”. 3️⃣ Boat had a lacklustre three months from October to December 2023, with its revenue for the quarter declining by 20% to Rs 436 crore compared to the year-ago period, as The Arc had reported. Article link in comments 👇 #d2c #consumer #brands #electronics #wearables #unicorns #sharktank

India’s smartwatch shipments grew 50% YoY in 2023, according to the latest research from Counterpoint Technology Market Research’s IoT Service. The market saw over 125 active smartwatch brands in 2023 even as it started moving towards consolidation. The combined share of the top five brands reached the highest ever at 81%. In addition, growth of emerging players like Fastrack, #Boult and beatXP led to further consolidation of the market. The product portfolio of the top players expanded quite a lot compared to 2022 to cater to different customer segments. Moreover, the market is now further skewed towards the lower price bands with 54% of the shipments in 2023 coming under the INR 2,000 retail price band, up from 26% in 2022 ⌚The top five #smartwatch brands’ share was highest at 81%, indicating a growing but #consolidating market. ⌚With a 30% share, Fireboltt took the top spot in 2023, driven by the widest portfolio among all OEMs.Noise and boAt Lifestyle captured second and third spots with 25% and 17% shares respectively ⌚54% of shipments under the retail price band of INR 2,000, registering over 3x growth. ⌚ #Fastrack registered the highest shipment growth among major OEMs to move to the fourth spot with a 5.4% market share. With existing brand value and wide offline presence, it has expanded rapidly.

Wearable Technology - Expectation vs. Reality Expectation: Fashionable smartwatch seamlessly integrating into your lifestyle. Wearables that fit my style! Reality: Cracked screens, trying to sync multiple devices that aren't compatible, and your tech not wanting to cooperate. #Technology #WearableTech #AI

Curious about the latest trends in the smartwatch industry? Our latest video dives into the booming market, analyzing growth projections, key players, and the innovative technologies shaping the future of wearables. 👉 Watch Now :https://shorturl.at/EXvhY Don't forget to like, subscribe, and share your thoughts in the comments! 💬⬇️ #SmartwatchMarket #WearableTech #TechTrends #Innovation #YouTubeVideo #GlobalMarketInsights

🚀 Unlock the Potential of Customized Wearables with Peaksmart's ODM & OEM Services! 🌟 At Peaksmart, we're not just about creating smartwatches; we're about crafting solutions that fit your brand's unique needs and vision. With our comprehensive ODM & OEM services, your ideas can transform into innovative wearable technology that stands out in the market. 💡🔧 👉 Why Go Custom with Peaksmart? Tailored Design: From concept to creation, we ensure your smartwatch reflects your brand's identity and meets your specific requirements. Innovative Features: Leverage our expertise to incorporate advanced health tracking, connectivity, and customization options. Market-Ready Solutions: With Peaksmart, you're not just getting a product; you're getting a ready-to-launch solution that aligns with market trends and consumer demands. 🤝 Partner with Us: Join forces with a leader in wearable tech and turn your vision into reality. Whether you're looking to break into the smartwatch market or elevate your existing lineup, Peaksmart is your go-to partner for all things ODM & OEM. #Peaksmart #CustomWearables #ODMOEM #InnovationInTech #SmartwatchSolutions

🙋🏽♂️ Question for my research friends and wearable sensor gurus: ⌚️ Are there any smartwatches (or wrist-worn activity trackers) that allow you to record and export continuous IMU data? ⏱ And that provide this capability in addition to exporting high-level physical activity metrics, for instance, things like step count and activity time binned over 15- or 60-minute intervals. 📊 Most commercial devices (e.g., Garmin, Fitbit) seem to only provide access to the high-level metrics but not the continuous data. 🔎 We are looking to use this for a university study involving remote data collection over 8+ hours. 🔮 What products (brands and models) would you recommend?? Thanks in advance! #wearables #wearabletech #smartwatches #fitnesstracker

𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐨𝐫𝐭𝐡 𝐔𝐒𝐃 𝟏.𝟑 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟓 🚀 The wearable technology market is on a meteoric rise, projected to hit a staggering USD 1.3 Trillion by 2035, according to Research Nester. With a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟏% from 2022, this growth is fueled by the global surge in IoT-connected devices and a shift in consumer lifestyles towards tech integration in daily life. 🏃♂️ 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐟𝐫𝐨𝐧𝐭 Smartwatches lead the pack, offering unparalleled convenience and innovative features tailored for everyone from athletes to the everyday user. With the fitness & sports segment set to dominate, the integration of wearable tech into our lives is not just a trend but a lifestyle revolution 💡 🔍 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐡𝐚𝐫𝐠𝐞 Alphabet Inc Samsung Electronics Sony Corp Huawei Technologies Apple Inc Xiaomi Group Adidas AG Nike Inc Fitbit International Garmin Ltd 🌍 From North America's booming market, driven by tech-savvy consumers and chronic patients turning to smart wearables, to the Asia-Pacific's embrace of AR and VR technologies, the future of wearable tech looks bright and boundless. 𝑆𝑡𝑎𝑡𝑠 𝑏𝑦 𝑅𝑒𝑠𝑒𝑎𝑟𝑐ℎ 𝑁𝑒𝑠𝑡𝑒𝑟 #WearableTechnology #Innovation #TechTrends #SmartWearables #FutureTech #DigitalTransformation