On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is likely to dominate majority revenue share by 2036, impelled by high adoption of AI based devices in developing nations, such as, China, and Japan.
North America Market Analysis
The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of higher adoption of innovative technology, presence of major smart watch manufacturing companies, and higher disposable income of the masses. Moreover, increasing demand for smart watches in the developed nations, such as, United States, is estimated to boost the market growth.
Author Credits: Abhishek Verma
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