Currently, there are more than 200 smart watch manufacturers in China. It is predicted
by IHS that smart watch shipment will arrive 101 million in 2020. Up to now, smart watch
technology has got much quicker development and has built some brands in China.
There are two kinds of smart watches: connected with smart phone and stressed on
industrial design, represented by Apple, Samsung and Asus; the other kind of smart watch
emphases on its sports function. Pure GPS sports smart watch is between 100 and 150
dollars and it is about 150-300 dollars with heart rate monitor. However, smart watch price is reduced to 200 dollars
below with the release of Asus ZenWatch. It is predicted that the main smart watch market will be between 100 and 200 dollars. In order to make the products different, some smart
watch manufacturers add some special functions, such as medical ECG recording and it
need strict test to achieve the real function.
Shenzhen, China, is most centralized area that smart watch manufacturers locate.
Zheng Yi, one of the founder from an electronics watch factory says that their products
are comparable with Apple Watch. Excepting call function, search internet and video
player, some function has surpassed Apple watch. An credit card can be inserted, act as
a phone companion, and heart beat measurement. Zheng Yi says that the release of Apple Watch in China market is quite good, because consumers can have a comparison between Apple watch and local products. Compared with the international advanced technology,
China smart watch manufacturers have some shortages: backward and weakness in
technology, which is the main reason that hinder the development of smart watch.
In addition, lack of international brands makes China smart watch manufacturers is weak
in international competition. Depending on big scale&continual capital and personnel input
and unique design, the manufacturers can have a chance to stand on the international
market.
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