Market Overview:
The global smart wearable sleep trackers market is expected to register a CAGR of 10.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing awareness about the benefits of sleep tracking and rising demand for fitness-related devices. Based on type, the global smart wearable sleep trackers market is segmented into smart band and smart watch. The segmentation is based on the different form factors of these devices. Smart bands are typically worn around wrists, while smart watches are worn on hands like traditional watches. Smart bands accounted for a larger share of the global market in 2017 and are expected to maintain their dominance during the forecast period as well. This can be attributed to their low cost as compared to other types of wearables and growing demand for fitness-related devices worldwide. Based on application, online sales accounted for a larger share of the global market in 2017; however, offline sales are projected to grow at a higher CAGR during 2018-2030 owing to increased adoption by end users in developing countries such as China.
Product Definition:
A smart wearable sleep tracker is a device that monitors and records your sleep habits. The importance of smart wearable sleep trackers is that they can help you improve your sleep quality by tracking things like how long you spend in different stages of sleep, how often you wake up during the night, and how restful your slumber is. This information can then be used to make changes to your bedtime routine or sleeping environment that will help you get a better night's rest.
Smart Band:
Smart band is a wrist-worn device that monitors and tracks various health parameters like heart rate, blood oxygen level, sleep pattern and also wirelessly connects with smartphone where the data gets transferred to the concerned person on real time basis. The global smart wearable sleep trackers market size was valued at USD 1.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Smart Watch:
Smart watch is a wrist-worn wearable device that contains several health and fitness tracking functions. It can also act as a smartphone when connected to the internet. The smartwatch acts as an extension of the user’s smartphone, receiving information and making it available on the screen of the smartwatch.
Application Insights:
Offline sales dominated the global smart wearable sleep trackers market in 2017. Offline channels include specialty stores, departmental stores, e-commerce and physical retail outlets. The offline sales channel is preferred by many consumers as they have direct contact with the product vendors and can try different options to meet their requirements. Moreover, this method helps consumers compare different products based on their requirements which is a major advantage over online shopping.
Online sleep tracking has witnessed significant growth due to its advantages such as real-time data analysis and easy access to information through a web browser or smartphone app without having to pay attention all night long. However, there are disadvantages such as privacy concerns over excessive monitoring of personal habits along with limited battery life in modern day wearables devices that hinder the growth of this segment significantly compared to offline methods of tracking purchases made by consumers directly at brick-and-mortar retailers' locations or via mobile applications installed on their own smartphones or computers running operating systems like Android OS v4+.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding health, fitness, and sleep among individuals of this region. Moreover, presence of key players such as Apple Inc.; Google LLC; Samsung Electronics Co., Ltd.; and Microsoft Corporation is also contributing towards growth in North America market for smart wearable sleep trackers.
Asia Pacific regional market for smart wearable sleep trackers is anticipated to witness significant growth over the forecast period owing to rising disposable income coupled with growing adoption of advanced technologies among consumers in countries such as China and India.
The European regional market held a share of around 15% in terms of revenue generated globally through online sales.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of more than 20% during the forecast period. This is mainly due to the increasing demand for fitness and health-related applications among consumers. Smart wearable sleep trackers are one of the most popular types of wearables, and their demand is expected to increase in the coming years.
- Proliferation of low-cost sensors: The development of low-cost sensors has helped reduce the overall cost of smart wearable sleep trackers, making them more affordable for consumers. This is likely to boost their adoption in the coming years.
- Growing awareness about sleep disorders: There has been a growing awareness about various sleep disorders in recent years, which is helping drive demand for smart wearable sleep trackers. These devices can help people identify and address these issues effectively.
- . Increasing focus on wellness: There has been a growing focus on wellness among consumers in recent years, with many looking for ways to improve their overall health and well-being . Smart wearable sleep trackers can play an important role in this regard by helping people monitor their sleeping patterns and make necessary changes accordingly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wearable Sleep Trackers Market Research Report
By Type
Smart Band, Smart Watch
By Application
Online Sales, Offline Sales
By Companies
Apple, Samsung Electronics, Xiaomi, Huawei, Fitbit, Garmin, Jawbone, Polar, Moto, Apple
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wearable Sleep Trackers Market Report Segments:
The global Smart Wearable Sleep Trackers market is segmented on the basis of:
Types
Smart Band, Smart Watch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Samsung Electronics
- Xiaomi
- Huawei
- Fitbit
- Garmin
- Jawbone
- Polar
- Moto
- Apple
Highlights of The Smart Wearable Sleep Trackers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Band
- Smart Watch
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Wearable Sleep Trackers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A wearable sleep tracker is a small, inconspicuous device that is worn on the body during sleep to track how long and how well you slept. Sleep tracking devices can be used to help improve your sleeping habits and quality of life.
Some of the major players in the smart wearable sleep trackers market are Apple, Samsung Electronics, Xiaomi, Huawei, Fitbit, Garmin, Jawbone, Polar, Moto, Apple.
The smart wearable sleep trackers market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wearable Sleep Trackers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Wearable Sleep Trackers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wearable Sleep Trackers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Wearable Sleep Trackers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Wearable Sleep Trackers Market Size & Forecast, 2018-2028
4.5.1 Smart Wearable Sleep Trackers Market Size and Y-o-Y Growth
4.5.2 Smart Wearable Sleep Trackers Market Absolute $ Opportunity
Chapter 5 Global Smart Wearable Sleep Trackers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Wearable Sleep Trackers Market Size Forecast by Type
5.2.1 Smart Band
5.2.2 Smart Watch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Wearable Sleep Trackers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Wearable Sleep Trackers Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wearable Sleep Trackers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Wearable Sleep Trackers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Wearable Sleep Trackers Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wearable Sleep Trackers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Wearable Sleep Trackers Market Size Forecast by Type
9.6.1 Smart Band
9.6.2 Smart Watch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Wearable Sleep Trackers Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Wearable Sleep Trackers Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wearable Sleep Trackers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Wearable Sleep Trackers Market Size Forecast by Type
10.6.1 Smart Band
10.6.2 Smart Watch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Wearable Sleep Trackers Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Wearable Sleep Trackers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wearable Sleep Trackers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Wearable Sleep Trackers Market Size Forecast by Type
11.6.1 Smart Band
11.6.2 Smart Watch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Wearable Sleep Trackers Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Wearable Sleep Trackers Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wearable Sleep Trackers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Wearable Sleep Trackers Market Size Forecast by Type
12.6.1 Smart Band
12.6.2 Smart Watch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Wearable Sleep Trackers Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Wearable Sleep Trackers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wearable Sleep Trackers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Wearable Sleep Trackers Market Size Forecast by Type
13.6.1 Smart Band
13.6.2 Smart Watch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Wearable Sleep Trackers Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Wearable Sleep Trackers Market: Competitive Dashboard
14.2 Global Smart Wearable Sleep Trackers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung Electronics
14.3.3 Xiaomi
14.3.4 Huawei
14.3.5 Fitbit
14.3.6 Garmin
14.3.7 Jawbone
14.3.8 Polar
14.3.9 Moto
14.3.10 Apple
