Market Overview:
The global smart bracelet market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing adoption of smart bracelets by consumers owing to their various benefits, rising disposable income, and technological advancements in the wearable devices industry. Based on type, the global smart bracelet market is segmented into with screen and without screen segments. The with screen segment is expected to hold a larger share of the market during the forecast period due to increasing demand for advanced features in smart bracelets. Based on application, the global smart bracelet market is segmented into specialist retailers, factory outlets, online stores, and other applications segments. The specialist retailers segment is expected to hold a larger share of the market duringthe forecast period due to growing demand for these devices from fitness enthusiasts and athletes.
Product Definition:
A Smart Bracelet is a wearable device that is typically worn on the wrist and monitors health and fitness data such as heart rate, steps taken, and calories burned. Smart bracelets can also track sleep quality and monitor notifications from a user's smartphone. Some smart bracelets have the ability to make payments using contactless technology.
With Screen:
With screen is a new technology that has evolved in the market of smart jewelry. It's an extension to regular screens and acts as a user interface for smartphones, tablets or any other portable device. The major advantage of this product is that it can be attached to any surface including metal, wood, glass or even concrete without making permanent modifications to the material itself. This makes it more durable and less fragile at the same time which gives it an edge over other products in its category.
Without Screen:
The without screen market is the part of smart wearables technology and it's used in making smart bracelets. It has a small display that is usually square shaped, which displays information such as the time and date.
Application Insights:
The market is segmented by application into specialty retailers, factory outlets, online stores and others. The specialty retailers held the largest share of over 60% in 2017. This large share can be attributed to the high adoption rate of these devices among millennials and teens as a fashion accessory. Furthermore, these devices are gaining popularity among women aged 30-40 years as an attractive gift for wife's birthday parties or mother's day celebrations. These smart bracelets are also gaining popularity among men aged 40-50 years who work in office jobs since it provides them with real-time fitness tracking data without the need to carry separate fitness trackers or smartphones.
The factory outlets accounted for a significant share owing to their easy availability at low prices across all major markets including North America, Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. Increasing awareness regarding health and fitness, along with a rising preference for wearable devices, are some of the major factors contributing to regional growth. Furthermore, presence of prominent players such as Apple Inc., Google LLC, and Samsung Electronics Co., Ltd.; coupled with high disposable income is anticipated to drive product demand in this region.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing bothto increasing penetration of technology-enabled smart bracelets as well as growing consumer awareness towards wellness & fitness activities across countries such China and India among others). In addition, increasing adoption by factory outlets including branded ones on account of low maintenance cost compared with offline stores will also contribute towards industry expansion over next eight years time frame.
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 is mainly due to the increasing demand for fitness and health-related devices. Smart bracelets are among the most popular wearable devices and are expected to witness high growth in the coming years.
- Rising awareness about health and fitness: There has been a rising awareness about health and fitness in recent years, especially among millennials. This has led to an increase in demand for smart bracelets that can help track various activities such as steps taken, heart rate, etc.
- Growing popularity of IoT: The popularity of IoT is growing rapidly, with more businesses adopting it every day. This is providing a boost to the market for smart bracelets as they are key components of IoT ecosystems.
- . Advances in technology: Rapid advances in technology have led to the development of better and smarter sensors that can be used in smart bracelets. This is helping fuel growth in this market as consumers become increasingly aware of these new technologies and their benefits.. 5) Increased focus on preventive healthcare: There has been a shift towards preventive healthcare recently owing to its many benefits over traditional treatment methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Bracelet Market Research Report
By Type
With Screen, Without Screen
By Application
Specialist Retailers, Factory Outlets, Online Stores, Other
By Companies
Fitbit, Garmin, Jawbone, Samsung Electronics, Xiaomi, Lenovo, Nike, LG, Huawei, Razer, Sony, Lifesense
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Smart Bracelet Market Report Segments:
The global Smart Bracelet market is segmented on the basis of:
Types
With Screen, Without Screen
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
Specialist Retailers, Factory Outlets, Online Stores, 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:
- Fitbit
- Garmin
- Jawbone
- Samsung Electronics
- Xiaomi
- Lenovo
- Nike
- LG
- Huawei
- Razer
- Sony
- Lifesense
Highlights of The Smart Bracelet 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:
- With Screen
- Without Screen
- By Application:
- Specialist Retailers
- Factory Outlets
- Online Stores
- 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 Bracelet 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Smart bracelet is a wearable device that monitors heart rate, activity and sleep. It also has sensors to track blood pressure, temperature and other health data.
Some of the major players in the smart bracelet market are Fitbit, Garmin, Jawbone, Samsung Electronics, Xiaomi, Lenovo, Nike, LG, Huawei, Razer, Sony, Lifesense.
The smart bracelet market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Bracelet Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Bracelet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Bracelet Market - Supply Chain
4.5. Global Smart Bracelet Market Forecast
4.5.1. Smart Bracelet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Bracelet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Bracelet Market Absolute $ Opportunity
5. Global Smart Bracelet Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Bracelet Market Size and Volume Forecast by Type
5.3.1. With Screen
5.3.2. Without Screen
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Bracelet Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Bracelet Market Size and Volume Forecast by Application
6.3.1. Specialist Retailers
6.3.2. Factory Outlets
6.3.3. Online Stores
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Bracelet Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Bracelet Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Bracelet Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Bracelet Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Bracelet Demand Share Forecast, 2019-2026
9. North America Smart Bracelet Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Bracelet Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Bracelet Market Size and Volume Forecast by Application
9.4.1. Specialist Retailers
9.4.2. Factory Outlets
9.4.3. Online Stores
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Bracelet Market Size and Volume Forecast by Type
9.7.1. With Screen
9.7.2. Without Screen
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Bracelet Demand Share Forecast, 2019-2026
10. Latin America Smart Bracelet Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Bracelet Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Bracelet Market Size and Volume Forecast by Application
10.4.1. Specialist Retailers
10.4.2. Factory Outlets
10.4.3. Online Stores
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Bracelet Market Size and Volume Forecast by Type
10.7.1. With Screen
10.7.2. Without Screen
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Bracelet Demand Share Forecast, 2019-2026
11. Europe Smart Bracelet Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Bracelet Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Bracelet Market Size and Volume Forecast by Application
11.4.1. Specialist Retailers
11.4.2. Factory Outlets
11.4.3. Online Stores
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Bracelet Market Size and Volume Forecast by Type
11.7.1. With Screen
11.7.2. Without Screen
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Bracelet Demand Share, 2019-2026
12. Asia Pacific Smart Bracelet Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Bracelet Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Bracelet Market Size and Volume Forecast by Application
12.4.1. Specialist Retailers
12.4.2. Factory Outlets
12.4.3. Online Stores
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Bracelet Market Size and Volume Forecast by Type
12.7.1. With Screen
12.7.2. Without Screen
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Bracelet Demand Share, 2019-2026
13. Middle East & Africa Smart Bracelet Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Bracelet Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Bracelet Market Size and Volume Forecast by Application
13.4.1. Specialist Retailers
13.4.2. Factory Outlets
13.4.3. Online Stores
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Bracelet Market Size and Volume Forecast by Type
13.7.1. With Screen
13.7.2. Without Screen
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Bracelet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Bracelet Market: Market Share Analysis
14.2. Smart Bracelet Distributors and Customers
14.3. Smart Bracelet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fitbit
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Garmin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jawbone
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsung Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xiaomi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lenovo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nike
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Huawei
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Razer
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sony
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lifesense
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
