Mid-to-Long-Term Smartwatch Market Outlook

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Mid-to-Long-Term Smartwatch Market Outlook

Jul 5, 2023

Overview:
After steady and high YoY growth over the past four years, the smartwatch market has been showing some signs of slowing down since the late first half of 2022 due to macroeconomic and inflationary pressures. However, we still believe that there is enough room for more growth if market conditions become favorable.

The key growth drivers will be:

Growing interest in health and fitness monitoring after the COVID-19 pandemic
Increased flexibility in use with cellular and satellite connectivity
Massive growth of basic smartwatches in potentially high-volume emerging markets such as India

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