Market Overview:
The global smart wearable band market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and wellness monitoring devices, growing adoption of smart wearable bands by children and elderly population, and rising awareness about the benefits of using these devices. Based on type, the global smart wearable band market is segmented into wellness monitoring, fitness management, social media integration, and other types. The wellness monitoring segment is expected to account for the largest share of the global market in 2018. This can be attributed to increasing demand for health-related information and tracking features among consumers worldwide. Fitness management is another key segment of this market that is anticipated to witness high growth during the forecast period owing to growing awareness about health benefits associated with regular exercise among consumers across all age groups.
Product Definition:
A smart wearable band is a type of wearable technology that is typically used to track and monitor health and fitness data. This type of technology can include features such as heart rate monitors, pedometers, and sleep trackers. Smart wearable bands are often paired with companion apps that provide users with detailed information about their health and fitness progress.
Wellness Monitoring:
Wellness monitoring is the extension of self-care to track and improve health in real time. It includes tracking heart rate, blood oxygen level, sleep pattern, body temperature and other parameters. Wellness monitoring devices are connected with mobile phones or other devices via Bluetooth or near field communication (NFC). These devices provide information on a smartphone app about the abovementioned parameters along with analysis of daily activities that have been performed by an individual.
Fitness Management:
Fitness management is the application that helps to track and monitor a person's fitness activities. It includes tracking heart rate, calories burnt, distance covered, time spent etc. The smart wearable band plays an important role in this activity as it tracks all these parameters at the same time and displays them on a single platform.
Application Insights:
The ordinary segment dominated the global smart wearable band market in 2017. This can be attributed to the growing adoption of these devices for health monitoring, tracking physical activity and sleep among others. Furthermore, rising demand for advanced fitness management and wellness applications is also expected to drive growth over the forecast period.
The elderly segment is expected to exhibit significant growth during the forecast period owing to increasing geriatric population across various regions coupled with rising awareness regarding healthy lifestyle practices among them. Rising usage of these bands for medical monitoring as well as socializing through e-health services will further boost industry penetration over next seven years.
Fitness management has been gaining traction in recent times owing to its ability not only help individuals achieve their fitness goals but also help them maintain a healthy lifestyle by tracking daily activities such as calories burnt, steps taken.
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 investments by key companies and growing adoption of fitness tracking devices among consumers in this region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income, improving healthcare infrastructure, and increasing awareness about various advanced wearable medical devices such as smart bands.
The European market consists of major countries such as Germany, France, Italy and U.K.
Growth Factors:
- Increasing demand for fitness and health tracking devices
- Rising awareness about the benefits of using wearable technology
- Proliferation of smart wearable bands across different price segments
- Growing popularity of mobile health apps and services
- Advances in sensor and connectivity technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wearable Band Market Research Report
By Type
Wellness Monitoring, Fitness Management, Social, Others
By Application
Ordinary, The Elderly, Children, The Medical
By Companies
Fitbit, Xiaomi, Garmin, Huawei, Samsung, Fossil, Polar, Guangdong Transtek Medical Electronics Co.,Ltd, Elegiant, Weloop, Veskys, Belutti
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wearable Band Market Report Segments:
The global Smart Wearable Band market is segmented on the basis of:
Types
Wellness Monitoring, Fitness Management, Social, 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
Ordinary, The Elderly, Children, The Medical
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
- Xiaomi
- Garmin
- Huawei
- Samsung
- Fossil
- Polar
- Guangdong Transtek Medical Electronics Co.,Ltd
- Elegiant
- Weloop
- Veskys
- Belutti
Highlights of The Smart Wearable Band 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:
- Wellness Monitoring
- Fitness Management
- Social
- Others
- By Application:
- Ordinary
- The Elderly
- Children
- The Medical
- 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 Band 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 wearable band is a type of wearable device that monitors and collects data from the wearer's body, such as heart rate, steps taken, and calories burned. This information is then used to provide feedback to the wearer on their physical activity levels or nutritional intake.
Some of the key players operating in the smart wearable band market are Fitbit, Xiaomi, Garmin, Huawei, Samsung, Fossil, Polar, Guangdong Transtek Medical Electronics Co.,Ltd, Elegiant, Weloop, Veskys, Belutti.
The smart wearable band market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Wearable Band 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 Wearable Band Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Wearable Band Market - Supply Chain
4.5. Global Smart Wearable Band Market Forecast
4.5.1. Smart Wearable Band Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Wearable Band Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Wearable Band Market Absolute $ Opportunity
5. Global Smart Wearable Band 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 Wearable Band Market Size and Volume Forecast by Type
5.3.1. Wellness Monitoring
5.3.2. Fitness Management
5.3.3. Social
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
6.3.1. Ordinary
6.3.2. The Elderly
6.3.3. Children
6.3.4. The Medical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Wearable Band 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 Wearable Band 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 Wearable Band 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 Wearable Band 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 Wearable Band Demand Share Forecast, 2019-2026
9. North America Smart Wearable Band 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 Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
9.4.1. Ordinary
9.4.2. The Elderly
9.4.3. Children
9.4.4. The Medical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Wearable Band Market Size and Volume Forecast by Type
9.7.1. Wellness Monitoring
9.7.2. Fitness Management
9.7.3. Social
9.7.4. Others
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 Wearable Band Demand Share Forecast, 2019-2026
10. Latin America Smart Wearable Band 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 Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
10.4.1. Ordinary
10.4.2. The Elderly
10.4.3. Children
10.4.4. The Medical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Wearable Band Market Size and Volume Forecast by Type
10.7.1. Wellness Monitoring
10.7.2. Fitness Management
10.7.3. Social
10.7.4. Others
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 Wearable Band Demand Share Forecast, 2019-2026
11. Europe Smart Wearable Band 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 Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
11.4.1. Ordinary
11.4.2. The Elderly
11.4.3. Children
11.4.4. The Medical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Wearable Band Market Size and Volume Forecast by Type
11.7.1. Wellness Monitoring
11.7.2. Fitness Management
11.7.3. Social
11.7.4. Others
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 Wearable Band Demand Share, 2019-2026
12. Asia Pacific Smart Wearable Band 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 Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
12.4.1. Ordinary
12.4.2. The Elderly
12.4.3. Children
12.4.4. The Medical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Wearable Band Market Size and Volume Forecast by Type
12.7.1. Wellness Monitoring
12.7.2. Fitness Management
12.7.3. Social
12.7.4. Others
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 Wearable Band Demand Share, 2019-2026
13. Middle East & Africa Smart Wearable Band 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 Wearable Band 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 Wearable Band Market Size and Volume Forecast by Application
13.4.1. Ordinary
13.4.2. The Elderly
13.4.3. Children
13.4.4. The Medical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Wearable Band Market Size and Volume Forecast by Type
13.7.1. Wellness Monitoring
13.7.2. Fitness Management
13.7.3. Social
13.7.4. Others
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 Wearable Band Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Wearable Band Market: Market Share Analysis
14.2. Smart Wearable Band Distributors and Customers
14.3. Smart Wearable Band 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. Xiaomi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Garmin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Huawei
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fossil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Polar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guangdong Transtek Medical Electronics Co.,Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elegiant
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Weloop
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Veskys
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Belutti
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