Industry News

Google and LG to Launch Android Wear 2.0 Smartwatch in February 2017

United States: US-based technology company, Google and South Korea based electronics company, LG, have partnered to launch the first Android Wear 2.0 smartwatch in February 2017. These smartwatches will be based on Apple Digital- Crown technology, which serves to facilitate navigation.

Moreover, the hardware specifications of the watches include 4GB storage and 768MB RAM, with heart rate sensor and Wi-Fi, Bluetooth, LTE, GPS and NFC. The deployment of Android Wear 2.0 in these devices, will make their functionalities more smoother and faster by adding new features like Google Assistant, handwriting support, app store, etc. 

TechSci Research depicts that with the growing smartphone market and improving network infrastructure across the globe, the demand of the smartwatches is expected to witness an upsurge in coming years. With the growing demand of these devices, the market of smartwatches is expected to grow across the globe.

 According to recently publish report by TechSci Research, “Global Smartwatch Market by Type, By Application, By Operating System, Competition Forecast and Opportunities, 2012-2021”, the global market for smartwatch is projected to grow at a CAGR over 25% during 2016-2021. Personal assistance application dominated global smartwatch market, on account of increasing usage of third party application in connected devices and rising demand for technologically advanced products. North America was the major demand generator for smartwatches across the globe, due to increasing number smartphone users, growing shift towards standardized connectivity coupled with increasing usage of smart functions. Apple Inc., Samsung Electronics Co. Ltd., Pebble Technology Corp., Garmin Ltd., etc., are few of the leading players in global smartwatch market.

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