Market Overview:
The global smart wearable sleep tracking device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of sleep tracking devices and rising demand for fitness-related devices. In terms of type, the smart band segment is expected to lead the global market during the forecast period, owing to its low cost and growing popularity among consumers. In terms of application, online sales are expected to dominate the global market during the forecast period as they offer convenience and easy access to a wide range of products.
Product Definition:
A smart wearable sleep tracking device is a wearable device that monitors and tracks the user's sleep patterns. It can be used to help the user improve their sleep quality by providing information on how long they slept, how deeply they slept, and how often they woke up during the night. This information can be used to help the user make changes to their sleeping habits in order to get a better night's sleep.
Smart Band:
Smart band is a wrist-worn device that monitors and tracks the sleep of an individual. It does this by measuring the electrical activity in a person's body through skin conductance, which fluctuates during sleep and wakefulness. The data obtained from these measurements is then used to determine how much time one has spent in each state. These bands are usually worn on either or both of the arms or legs, but can also be used while sleeping at night as well.
Smart Watch:
Smart watch is a wrist-worn device that can notify the user of incoming calls, messages, and other notifications on their mobile phone. It also provides information about the time and date as well as helps in setting alarms. The smart watches are connected to smartphones through Bluetooth or Wi-Fi Direct technology.
The major use of this product is to track fitness activities such as heart rate variability (HRV), sleep duration & quality, steps taken, calories burned etc.
Application Insights:
Offline sales dominated the global smart wearable sleep tracking device market in 2017. Offline channels include specialty stores, physical retail stores and e-commerce. Specialty store is expected to be the largest segment owing to high adoption of fitness trackers among athletes and gym-goers for sleep monitoring. Furthermore, increasing number of fitness centers is also expected to contribute towards growth of this segment over the forecast period.
Online sales are anticipated to grow at a significant rate over the forecast period due to increasing penetration of online retailers coupled with growing consumer preference for purchasing goods through digital mediums such as websites and mobile applications.
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 sleep health, rising adoption of smart devices and growing product availability in this region. Moreover, presence of key players such as Apple Inc., Google LLC, and Samsung Electronics Co., Ltd will also help boost growth over the next few years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income levels coupled with growing smartphone penetration rates across countries such as China and India will drive demand for these wearable devices in this region. Furthermore, an increase in online orders from countries like China due to rise in internet connectivity has led vendors offering products based on wearables technology which are used for tracking sleep patterns will benefit regional market growth during the forecast period to 2030 timeframe).
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of more than 17% during the forecast period. This growth can be attributed to the increasing demand for fitness and health-related applications among consumers. Smart wearable sleep tracking devices are used to track and monitor sleep patterns, which helps in improving overall health and well-being.
- Growing awareness about the benefits of sleep tracking: There is a growing awareness among people about the importance of good quality sleep and its benefits on overall health and well-being. Sleep deprivation has been linked with various chronic diseases such as obesity, diabetes, heart disease, etc., which has led to an increase in demand for smart wearable sleep tracking devices that can help people track their sleeping patterns and improve their overall health.
- Proliferation of mobile apps: The proliferation of mobile apps has made it easier for people to track their daily activities including sleeping patterns using smartphones or other portable electronic devices. This has led to an increase in adoption of smart wearable sleep tracking devices by consumers worldwide.
- . Technological advancements: Rapid advancements in technology have enabled manufacturers to develop advanced features in smart wearable sleep tracking devices such as automatic activity recognition, heart rate monitoring, etc., which helps users get a better understanding of their sleeping habits and make necessary changes accordingly..
- . Growing popularity among athletes & sports enthusiasts: Smart wearablesleeptrackingdevices are becoming popular among athletesand sports enthusiasts who use themto
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wearable Sleep Tracking Device 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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wearable Sleep Tracking Device Market Report Segments:
The global Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 tracking device is a small, unobtrusive device that you wear during the night to track your sleep. The device collects data about your sleeping habits and sends it wirelessly to a companion app on your phone. This app can then help you understand how well you're sleeping, identify any problems, and make changes to improve your sleep quality.
Some of the key players operating in the smart wearable sleep tracking device market are Apple, Samsung Electronics, Xiaomi, Huawei, Fitbit, Garmin, Jawbone, Polar, Moto, Apple.
The smart wearable sleep tracking device market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wearable Sleep Tracking Device 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 Tracking Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device Market Size & Forecast, 2018-2028
4.5.1 Smart Wearable Sleep Tracking Device Market Size and Y-o-Y Growth
4.5.2 Smart Wearable Sleep Tracking Device Market Absolute $ Opportunity
Chapter 5 Global Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wearable Sleep Tracking Device 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 Tracking Device 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 Tracking Device 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 Tracking Device Market: Competitive Dashboard
14.2 Global Smart Wearable Sleep Tracking Device 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
