Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Smartwatches are wearable computing devices that resemble wristwatch but come with added advanced features such as weather update, messaging, enable call making, connection to the internet, Bluetooth-enabled, GPS, and more. Moreover, it also offers an answering messages by voice and fitness tracking app.

The global smartwatches market was estimated to account for US$ 23,306.4 Mn in terms of value by the end of 2019.

Drivers:

Increasing usage of the internet and smartphone is primarily fueling the market growth of the smartwatches. Additionally, features such as ease of handling and use is another major factor propelling the market growth of the smartwatches. Growing youth population coupled with the rising popularity of these devices due to their advanced features is also expected to foster the market growth of the smartwatches over the forecast period.

Growing demand for extension smartwatches that are used as an extension of a smartphone or related devices is expected to propel the market growth. Incorporation of the advanced app such as tracking, alerts, and connectivity, which are compataible with extension smartwatches is again anticipated to foster the market growth of the smartwatches. Moreover, growth in the middle-class population is again expected to augment the market growth of the smartwatches. 

Figure 1. Global Smartwatches Market Share (%) in terms of Value, By Region, in 2019

Smartwatches  | Coherent Market Insights

North America region dominated the global smartwatches market in 2019, accounting for 31.1% share in terms of value, followed by Europe and Asia Pacific respectively.

Market Restraints

The limited battery life of the smartwatches is a major factor restricting the adoption of smartwatches. Limited battery life affects the overall performance of the device, thereby hindering the market growth.

The high initial cost of the smartwatches is restricting their demand across low-income and middle-income populations. This is projected to negatively impact the market growth of the smartwatch.

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Smartwatches Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 23,306.4 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 53.6% 2027 Value Projection: US$ 5,97,264.4 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Price Range: High-End Smartwatches, Mid-End Smartwatches, and Low-End Smartwatches
  • By Operating System: Android Wear, Watch OS (iOS), and Others
Companies covered:

Pebble Technology Corporation, Samsung Electronics Co. Ltd., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd. (COOKOO), and Apple Inc.

Growth Drivers:
  • Increasing trends for online shopping contributes to the growth of the market
  • Growing demand for extension smartwatches boost the market growth
Restraints & Challenges:
  • The limited battery life of the smartwatches is a major factor restricting the adoption of smartwatches

Market Opportunities

Continuous product innovation by key players is projected to bring new market opportunities over the forecast period. For instance, in December 2019, Garmin has launched the Venu and Vivoactive 4 smartwatches in India. Venu smartwatch is the first watch from the company that will have an AMOLED screen. Both the smartwatches contain over 40 on-device animated workouts for strength training, cardio, yoga, and pilates.

A growing number of people participating in the sports activity due to increasing adoption of a healthy life>

Figure 2. Global Smartwatches Market– Opportunity Analysis

Smartwatches  | Coherent Market Insights

Statistics:

Global smartwatches market was valued at US$ 23,306.4 Mn market in 2019 and is forecast to reach a value of US$ 5, 97,264.4 Mn by 2027 at a CAGR of 53.6% between 2015 and 2025.

Market Trends/Key Takeaways

The rising popularity of lightweight and stylish design smartwatches among consumers is encouraging manufacturers to introduce lightweight and durable smartwatch. For instance, in August 2019 Misfit has launched the Vapor X, it is the lightest and most efficient Wear OS smartwatch. The Vapor X has a 1.19-inch AMOLED display, and its 42mm case is built with a lightweight aluminum alloy that weighs in at 43 grams.

Increasing spending on R& D by the key manufacturer to develop next-generation smartwatches is one of the growing trends in the market. For instance, in December 2019, Oppo has announced that it is investing 7 billion dollars in research and development for developing smatwatches. With such a heavy amount of investment, the company also aims to develop core technologies in hardware, software, and system in addition to 5G/6G, Artificial Intelligence (AI), augmented reality (AR), Big Data, and other emerging technologies.

Figure 3. Global Smartwatches Market Share (%) in terms of Value, By Operating System, in 2019

Smartwatches  | Coherent Market Insights

On the basis of operating system in 2019, the android system has accounted the largest market share of 54.9% in terms of value, followed by others and watch OS (iOS) respectively.

Global Smartwatch Market - Impact of Coronavirus (Covid-19) Pandemic

Consumer electronics industry has a significant impact due to the sudden outbreak of COVID-19 pandemic, across the globe. The supermarkets, hypermarkets, and showrooms of leading brands have been shut from the past few months, thereby, affecting sales of various consumer electronics products. On the other hand, trends such as work from home has led to increase in demand for computers, laptops, and peripherals. Due to increase in demand for remote connectivity, sales of networking devices and connectivity hardware solutions has increased. Thereby, contributes to the growth of the market over the forecast period.

Value Chain Analysis (Description or image) - Optional

Smartwatches  | Coherent Market Insights

Competitive Section:

Company Names 

  1. Pebble Technology Corporation
  2. Samsung Electronics Co. Ltd
  3. Nike Inc.
  4. Garmin Ltd.
  5. Sony Electronics Inc.
  6. Fitbit Inc.
  7. Martian Watches
  8. ConnecteDevice Ltd. (COOKOO)
  9. Apple Inc.

Few Recent Developments

In November 2019, Fitbit announced several new software updates, bringing advancements to its popular smartwatches and Fitbit Premium membership service with the release of OS 4.1 for its smartwatches powers new sleep features and greater functionality.

Smartwatches are wearable computing devices that resemble wristwatch but come with added advanced features such as weather update, messaging, enable call making, connection to the internet, Bluetooth-enabled, GPS, and more. Moreover, it also offers an answering messages by voice and fitness tracking app. Apart from all these features, some of the smartwatches are also Bluetooth-enabled which allows it to connect it with a smartphone.

Market Dynamics

Increasing launch of design and gender bases smartwatches is projected to serve major market opportunities over the forecast period. Moreover, the growing demand for smartwatches that match the Metropolitan lifestyle is again projected to propel the market growth. For instance, in January 2020, Timex partners with Huami to introduce two Metropolitan smartwatches. The product is categorized as lifestyle-focused Metropolitan smartwatch collection and feature software that was developed in partnership with Huami. It has impressive high-resolution AMOLED touch display with vibrant colors that look bright under any ambient light condition. The watch has two weeks of battery life.

Increasing usage of the internet and smartphone is primarily fueling the market growth of the smartwatches. Additionally, features such as ease of handling and use is another major factor propelling the market growth of the smartwatches. Growing youth population coupled with the rising popularity of these devices due to their advanced features is also expected to foster the market growth of the smartwatches over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global smartwatches market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global smartwatches market.
  • It profiles key players in the global smartwatches market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study incudes Pebble Technology Corporation, Samsung Electronics Co. Ltd., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd. (COOKOO), and Apple Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global smartwatches market report caters to various stakeholders in this industry including investors, suppliers, global smartwatches market manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smartwatches market

Detailed Segmentation:

  • Global Smartwatches Market, By Price Range:
    • High-End smartwatches
    • Mid-End smartwatches
    • Low-End smartwatches
  • Global Smartwatches Market, By Operating System:
    • Android Wear
    • Watch OS (iOS)
    • Others
    • Forage and Turf Grasses
    • Other Crops
  • Global Smartwatches Market, By Region:
    • North America
      • U.S.
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Canada
        •  By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System
          • Android Wear
          • Watch OS (iOS)
          • Others
    • Europe
      • U.K.
        • By By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Germany
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • France
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Italy
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Spain
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Russia
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Rest of Europe
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
    • Asia Pacific
      • China
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • India
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Japan
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • ASEAN
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
          • Forage and Turf Grasses
          • Other Crops
      • Australia
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • South Korea
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Rest of Asia Pacific
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
    • Latin America
      • Brazil
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Mexico
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Rest of Latin America
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
    • Middle East & Africa
      • Middle East
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
      • Africa
        • By Price Range:
          • High-End smartwatches
          • Mid-End smartwatches
          • Low-End smartwatches
        • By Operating System:
          • Android Wear
          • Watch OS (iOS)
          • Others
  • Company Profiles
    • Pebble Technology Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Samsung Electronics Co. Ltd.
    • Nike Inc.
    • Garmin Ltd.
    • Sony Electronics Inc.
    • Fitbit Inc.
    • Martian Watches
    • ConntecteDevices Ltd.
    • Apple Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Price Range
      • Market Snippet, By Operating System
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Smartwatches Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Smartwatches Market, By Price Range, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • High-End Smartwatches
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Mid-End Smartwatches
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Low-End Smartwatches
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  6. Global Smartwatches Market, By Operating System, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Android Wear
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Watch OS (iOS)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  7. Global Smartwatches Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Price Range, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Operating System, 2017- 2027 (US$ Million)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Pebble Technology Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nike Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Garmin Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sony Electronics Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fitbit Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Martian Watches
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ConnecteDevices Ltd. (COOKOO)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Apple Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for smartwatches is estimated to surpass US$ 5, 97,264.4 million by 2027, exhibiting a CAGR of 53.6% between 2020 and 2027.
Growing demand for extension smartwatches that are used as an extension of a smartphone or related devices is expected to propel the market growth. Incorporation of the advanced app such as tracking, alerts, and connectivity, which are compataible with extension smartwatches is again anticipated to foster the market growth of the smartwatches. Moreover, growth in the middle-class population is again expected to augment the market growth of the smartwatches.
The smartwatches market is expected to exhibit a CAGR of 53.6% during the forecast period (2020-2027).
Major players operating in the global smartwatches market include Pebble Technology Corporation, Samsung Electronics Co. Ltd., Nike Inc., Garmin Ltd., Sony Electronics Inc., Fitbit Inc., Martian Watches, ConnecteDevice Ltd. (COOKOO), and Apple Inc.
The high initial cost of the smartwatches is restricting their demand across low-income and middle-income populations. This is projected to negatively impact the market growth of the smartwatch.
Increasing spending on R& D by the key manufacturer to develop next-generation smartwatches is one of the growing trends in the market. For instance, in December 2019, Oppo has announced that it is investing 7 billion dollars in research and development for developing smatwatches. With such a heavy amount of investment, the company also aims to develop core technologies in hardware, software, and system in addition to 5G/6G, Artificial Intelligence (AI), augmented reality (AR), Big Data, and other emerging technologies.
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