Smart Band Market: Global Industry Trends, Growth, Share, Size, Region and Top Key Players

Global Smart Band Market Report, Trends, Growth, Share, Size and Forecast Till 2023

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Report Description and Highlights

Report Description

Smart Band Market Report By Product Type (With Screen and Without Screen), Distribution Channel (Specialist Retailers, Company Outlets, Online and Others), Region The global smart band market has experienced a healthy growth over the past few years. The demand for smart bands is growing worldwide on account of enhanced activity tracking features and the declining prices of smart bands.

Market Overview: According to the latest report by IMARC Group, titled “Smart Band Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global smart band market reached a volume of 43.6 Million Units in 2017. Smart band, also known as an activity or fitness tracker, is a wireless device equipped with sensors which helps the wearer to track a number of physical and physiological parameters, such as heart rate, quality of sleep, step count, average speed, and distance covered while walking, jogging or cycling. It also provides access to social networking websites, such as Twitter, Facebook, etc., where the users can share their progress. The increasing number of tech-savvy consumers with greater technology awareness are majorly contributing to the growth of smart band market across the globe. Additionally, the lowering prices of smart bands and availability of innovative designs have escalated the demand for smart bands among the mass consumers.

Report Description and Highlights

Report Description Market Trends:

Owing to sedentary lifestyles, and a consequent rise in the prevalence of non-communicable diseases, the consumers have become more focused towards their fitness and physical well-being. This has led to the uptake of devices such as fitness trackers which encourage physical activity through their game-like interface. Further, the advancements in technology and growing penetration of Internet of Things (IoT) have broadened the application areas of smart bands. For instance, these bands can be used to view notifications for incoming calls and messages on the connected smartphone. The manufacturers are also developing smart bands with improved water resistance that can be used during rains and for monitoring the pool performance of swimmers, which will drive their demand among professional athletes. In addition, collaborations between smart band and smartphone manufacturers have created a positive outlook for the market. Owing to these factors, the market is projected to reach volume of 50.8 Million Units by 2023, exhibiting a CAGR of 3.9% during 2018-2023.

Smart Band Market Segmentation: Market Segmentation by Product Type o With Screen Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1033&flag=B

Market Forecast

Sample Figure: Global: Smart Band Market Forecast: Sales Volume (in Million Units), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o Without Screen

Based on type, the market has been segmented into with screen and without screen smart bands.

Amongst these, with screen smart bands represent the most popular product type in the global smart band market.

Market Segmentation by Distribution Channel • • • •

Specialist Retailers Company Outlets Online Others

On the basis of distribution channels, online stores account for the majority of the smart band sales worldwide, on account of their convenience and wide range of products. Online stores are followed by specialist retailers, company outlets and others.

Market Segmentation by Region For more information, click here: https://www.imarcgroup.com/smart-band-market

Market Segmentation

Report Description • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, North America is the leading smart band market, holding the largest share. The other major regions include Latin America, Asia Pacific, Europe, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • •

Fitbit Garmin Jawbone Samsung Electronics Apple Xiaomi Lenovo

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • • •

LG Nike Razer Sony

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Report Description and Highlights

Report Description

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