09/07/2024
Smartwatches
In 2018, the smartwatch sales figures hit the 141 million unit mark globally. The smartwatch industry almost grew up to an astonishing $19 billion in sales internationally.
According to Allied Market Research, the global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027. Whether you use it to track the footsteps or plan your day, innovation is the name of the game for smartwatches – which is why the demand will also increase in the following year. It’s safe to say that this particular startup idea has great potential and can be your winning product for 2023 and years ahead