Faced with a slowdown in the smartphone market, ICT companies have turned to the IoT (Internet of Things) in the hope of finding new sources of opportunity. Among wearable devices, smart wrist wearables - comprising of smartwatch and smart wristband - have unique selling points of freeing up the wearer’s hands and providing continuous monitoring.
These features, together with the increased investments of Apple and other large vendors, have made wrist wearables the mainstream of the wearable market, and have expanded the market size as a whole. The objective of this report is to analyze the worldwide market, industry, and product developments of smart wrist wearables, and identify their future trends. To this end, MIC (Market Intelligence & Consulting Institute) interviewed dozens of prominent suppliers, manufacturers, and distributors of smart wrist wearables, as well as studied brands and their wrist wearable products that have been sold globally.