Market Overview:
The global smart wristband market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fitness and health monitoring devices, rising awareness about the benefits of using such devices, and technological advancements in smart wristband technology. The global smart wristband market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into time-based wristbands, pedometer-based wristbands, fitness sensors-based wristbands, phone connectivity and notifications-based wristbands, and other types of smartwristbands.
Product Definition:
A smart wristband is a wearable device that monitors and records data about its wearer's physical activity. This data can then be used to improve the wearer's health or fitness. Smart wristbands are often used to track how many steps the wearer takes each day, as well as their heart rate and sleep patterns.
Time:
Time is an essential element in wristbands. Wristbands are used for identification purposes at places like concerts, events, and clubs. The time stamp on the ticket serves as a proof of purchase and identity of the user. In case of loss or theft of the wristband, it can be tracked with help from time stamp technology which proves that it was used at a particular place and at a specific time.
Pedometer:
A pedometer is a device that measures the number of steps taken by a person. It is usually worn on the body or carried in an attempt to count the number of steps taken. Pedometers are used for various applications such as tracking fitness, measuring distance travelled, monitoring calorie consumption and so on.
Application Insights:
The entertainment segment dominated the global smart wristband market in terms of revenue and is expected to witness significant growth over the forecast period. The increasing use of fitness bands and activity trackers for gaming, music, or social networking apps has led to increased demand for these devices as an entertainment medium. Furthermore, technological advancements such as integration with mobile payments are further driving the growth of this segment.
The health monitoring application segment is also expected to witness considerable growth over the forecast period owing to rising consumer awareness regarding their health conditions and subsequent efforts towards improving them through lifestyle modifications such as diet & exercise along with regular medical checkups. This factor has resulted in a rise in demand for wearable devices that monitor various biometric data points such as heart rate, blood oxygen saturation levels, steps taken by users etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. North America has a large number of fitness clubs and health centers, which will drive regional growth.
Asia Pacific region is projected to exhibit significant growth during the forecast period owing to rising disposable income levels, growing adoption of wearable devices by consumers, rapid technological advancements such as Bluetooth Low Energy (BLE) technology and miniaturization of components coupled with an increase in manufacturing capacity for smart accessories across countries such as China, Japan, South Korea & Taiwan among others are expected fuel demand during 2018-2030 periods.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of 29.4% from 2016 to 2021, reaching 3.8 billion by 2021. This growth can be attributed to the increasing demand for smart watches, fitness trackers, and other wearable devices across the world.
- Proliferation of low-cost sensors: The development of low-cost sensors has helped reduce the overall cost of wearables, thereby driving their adoption among consumers worldwide.
- Growing popularity of health and fitness tracking apps: Health and fitness tracking apps are becoming increasingly popular among consumers as they help track various activities such as steps taken, heart rate, calories burned, etc., thus helping people stay healthy and fit.
- . Increasing focus on preventive healthcare: There is an increasing focus on preventive healthcare around the world as it helps reduce long-term healthcare costs incurred by individuals and governments alike . This is aiding in the growth of the global smart wristband market as well . 5.. Rising number of tech startups in this domain: A growing number of tech startups are entering into this domain with innovative products that are helping fuel market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wristband Market Research Report
By Type
Time, Pedometer, Fitness Sensors, Phone Connectivity and Notifications, Others
By Application
Movement, Health Monitoring, Entertainment, Other
By Companies
Xiaomi, HUAWEI, Fitbit, Lifesense, Garmin, Weloop, Misfit, Shuashua, Bong, iwown, Newman, Jawbone, Amazfit, Mate, Samsung, Google, Microsoft, Sony, Amazon, IBM, Oracle, Facebook, Inc, BBK, Philips
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wristband Market Report Segments:
The global Smart Wristband market is segmented on the basis of:
Types
Time, Pedometer, Fitness Sensors, Phone Connectivity and Notifications, Others
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
Movement, Health Monitoring, Entertainment, Other
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:
- Xiaomi
- HUAWEI
- Fitbit
- Lifesense
- Garmin
- Weloop
- Misfit
- Shuashua
- Bong
- iwown
- Newman
- Jawbone
- Amazfit
- Mate
- Samsung
- Google
- Microsoft
- Sony
- Amazon
- IBM
- Oracle
- Facebook, Inc
- BBK
- Philips
Highlights of The Smart Wristband 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:
- Time
- Pedometer
- Fitness Sensors
- Phone Connectivity and Notifications
- Others
- By Application:
- Movement
- Health Monitoring
- Entertainment
- Other
- 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 Wristband 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 smart wristband is a wearable device that monitors and records physical activity, sleep patterns, and other health-related data. The data collected by the smart wristband can be used to help individuals track their progress towards fitness goals or monitor their health over time.
Some of the major players in the smart wristband market are Xiaomi, HUAWEI, Fitbit, Lifesense, Garmin, Weloop, Misfit, Shuashua, Bong, iwown, Newman, Jawbone, Amazfit, Mate, Samsung, Google, Microsoft, Sony, Amazon, IBM, Oracle, Facebook, Inc, BBK, Philips.
The smart wristband market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wristband 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 Wristband Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wristband 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 Wristband 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 Wristband Market Size & Forecast, 2018-2028
4.5.1 Smart Wristband Market Size and Y-o-Y Growth
4.5.2 Smart Wristband Market Absolute $ Opportunity
Chapter 5 Global Smart Wristband 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 Wristband Market Size Forecast by Type
5.2.1 Time
5.2.2 Pedometer
5.2.3 Fitness Sensors
5.2.4 Phone Connectivity and Notifications
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Wristband 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 Wristband Market Size Forecast by Applications
6.2.1 Movement
6.2.2 Health Monitoring
6.2.3 Entertainment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wristband 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 Wristband 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 Wristband Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wristband 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 Wristband Market Size Forecast by Type
9.6.1 Time
9.6.2 Pedometer
9.6.3 Fitness Sensors
9.6.4 Phone Connectivity and Notifications
9.6.5 Others
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 Wristband Market Size Forecast by Applications
9.10.1 Movement
9.10.2 Health Monitoring
9.10.3 Entertainment
9.10.4 Other
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 Wristband Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wristband 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 Wristband Market Size Forecast by Type
10.6.1 Time
10.6.2 Pedometer
10.6.3 Fitness Sensors
10.6.4 Phone Connectivity and Notifications
10.6.5 Others
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 Wristband Market Size Forecast by Applications
10.10.1 Movement
10.10.2 Health Monitoring
10.10.3 Entertainment
10.10.4 Other
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 Wristband Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wristband 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 Wristband Market Size Forecast by Type
11.6.1 Time
11.6.2 Pedometer
11.6.3 Fitness Sensors
11.6.4 Phone Connectivity and Notifications
11.6.5 Others
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 Wristband Market Size Forecast by Applications
11.10.1 Movement
11.10.2 Health Monitoring
11.10.3 Entertainment
11.10.4 Other
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 Wristband Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wristband 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 Wristband Market Size Forecast by Type
12.6.1 Time
12.6.2 Pedometer
12.6.3 Fitness Sensors
12.6.4 Phone Connectivity and Notifications
12.6.5 Others
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 Wristband Market Size Forecast by Applications
12.10.1 Movement
12.10.2 Health Monitoring
12.10.3 Entertainment
12.10.4 Other
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 Wristband Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wristband 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 Wristband Market Size Forecast by Type
13.6.1 Time
13.6.2 Pedometer
13.6.3 Fitness Sensors
13.6.4 Phone Connectivity and Notifications
13.6.5 Others
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 Wristband Market Size Forecast by Applications
13.10.1 Movement
13.10.2 Health Monitoring
13.10.3 Entertainment
13.10.4 Other
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 Wristband Market: Competitive Dashboard
14.2 Global Smart Wristband Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xiaomi
14.3.2 HUAWEI
14.3.3 Fitbit
14.3.4 Lifesense
14.3.5 Garmin
14.3.6 Weloop
14.3.7 Misfit
14.3.8 Shuashua
14.3.9 Bong
14.3.10 iwown
14.3.11 Newman
14.3.12 Jawbone
14.3.13 Amazfit
14.3.14 Mate
14.3.15 Samsung
14.3.16 Google
14.3.17 Microsoft
14.3.18 Sony
14.3.19 Amazon
14.3.20 IBM
14.3.21 Oracle
14.3.22 Facebook, Inc
14.3.23 BBK
14.3.24 Philips
