Market Overview:
The global 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 wearable sleep tracking device market during the forecast period. This can be attributed to factors such as increasing adoption of smart bands by consumers and growing demand for health-related devices. In terms of application, online sales are expected to lead the global wearable sleep tracking device market during the forecast period.
Product Definition:
A wearable sleep tracking device is a device that can be worn on the body to track sleep. This can include information such as how long and how well someone slept, as well as their heart rate and breathing patterns. Wearable sleep tracking devices can be helpful for people who are trying to improve their sleep habits, as they allow them to track their progress over time.
Smart Band:
Smart band is a wrist-worn device that monitors and tracks the sleep of an individual. It also provides information about the stage of sleep, heart rate, breathing rate along with other body parameters. The smart bands are connected to mobile applications that provide real-time data analysis and reports about the sleep patterns of an individual on a daily basis.
The global wearable sleep tracking devices market was valued at USD 1,015 million in 2015.
Smart Watch:
Smart watch is a wrist-worn wearable device that provides information about heart rate, calls, texts and e-mails, appointments and also keeps track of the user's daily activity. The smart watch acts as an extension to one's smartphone and helps in receiving alerts on their behalf. It also helps in connecting with other devices via Bluetooth which enables the user to receive calls or messages from their smartphones on their watches.
Application Insights:
The offline sales segment dominated the global wearable sleep tracking device market in 2017. Offline channels, particularly physical stores, remain the most effective and popular way of shopping for health and wellness products as they allow customers to test the product first. This factor is likely to continue driving demand for sleep tracking devices in traditional health stores and medical chains across various regions.
Online sales are expected to grow at a significant rate over the forecast period owing to increasing consumer awareness regarding fitness trackers that measure steps taken, calories burnt, distance covered etc. Additionally, online retailers offer free shipping on purchases above USD 150 which further aids in boosting overall market growth during this period. The online channel accounted for more than 50% of total revenue share in 2017 owing to its efficient distribution channel that offers easy payment options along with product demos making it easier for consumers choose a suitable wearable device among numerous brands available globally thereby fueling demand over forecast period (2018 - 2030).
Regional Analysis:
North America dominated the market in 2017 owing to the high adoption of wearables, increasing online and offline sales, and a large number of manufacturers present in this region. The U.S. is one of the most technologically advanced countries with a high level of fitness among its population which has resulted into increased demand for sleep tracking devices in North America. Europe is also expected to be one of the key regions due to growing awareness about health issues associated with insufficient sleep such as obesity, diabetes, etc.
Asia Pacific is anticipated to grow at a significant rate during the forecast period owing to increasing disposable income resulting into increased product adoption along with rising penetration by global players seeking greater market share.
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 2020, reaching 0.9 billion by 2020. This growth can be attributed to the increasing demand for fitness and health-related applications, growing popularity of smart watches and other connected wearables, and rising awareness about the benefits of using wearable devices.
- Proliferation of sleep tracking apps: Sleep tracking apps are becoming increasingly popular as people become more aware of the importance of getting a good night's sleep. These apps allow users to track their sleep patterns and identify factors that may be affecting their sleep quality. This helps them make changes in their lifestyle habits that can improve their sleeping habits.
- Growing interest in wellness: There is growing interest in wellness among consumers worldwide, as they seek ways to improve their overall health and well-being . Wearable sleep tracking devices offer an easy way for people to track their sleeping patterns and identify areas where they need improvement with regards totheir overall wellness .
Scope Of The Report
Report Attributes
Report Details
Report Title
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
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 Wearable Sleep Tracking Device Market Report Segments:
The global 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
Highlights of The 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 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, inconspicuous device that you wear during the night to track your sleep. This information can help you better understand how well you are sleeping and identify any problems or issues.
Some of the major players in the wearable sleep tracking device market are Apple, Samsung Electronics, Xiaomi, Huawei, Fitbit, Garmin, Jawbone, Polar, Moto.
The wearable sleep tracking device market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Sleep Tracking Device 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. Wearable Sleep Tracking Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Sleep Tracking Device Market - Supply Chain
4.5. Global Wearable Sleep Tracking Device Market Forecast
4.5.1. Wearable Sleep Tracking Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Sleep Tracking Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Sleep Tracking Device Market Absolute $ Opportunity
5. Global Wearable Sleep Tracking Device 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. Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
5.3.1. Smart Band
5.3.2. Smart Watch
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Sleep Tracking Device 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. Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
6.3.1. Online Sales
6.3.2. Offline Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Sleep Tracking Device 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. Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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. Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Demand Share Forecast, 2019-2026
9. North America Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
9.4.1. Online Sales
9.4.2. Offline Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
9.7.1. Smart Band
9.7.2. Smart Watch
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 Wearable Sleep Tracking Device Demand Share Forecast, 2019-2026
10. Latin America Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
10.4.1. Online Sales
10.4.2. Offline Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
10.7.1. Smart Band
10.7.2. Smart Watch
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 Wearable Sleep Tracking Device Demand Share Forecast, 2019-2026
11. Europe Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
11.4.1. Online Sales
11.4.2. Offline Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
11.7.1. Smart Band
11.7.2. Smart Watch
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 Wearable Sleep Tracking Device Demand Share, 2019-2026
12. Asia Pacific Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
12.4.1. Online Sales
12.4.2. Offline Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
12.7.1. Smart Band
12.7.2. Smart Watch
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 Wearable Sleep Tracking Device Demand Share, 2019-2026
13. Middle East & Africa Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device 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 Wearable Sleep Tracking Device Market Size and Volume Forecast by Application
13.4.1. Online Sales
13.4.2. Offline Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Sleep Tracking Device Market Size and Volume Forecast by Type
13.7.1. Smart Band
13.7.2. Smart Watch
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 Wearable Sleep Tracking Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Sleep Tracking Device Market: Market Share Analysis
14.2. Wearable Sleep Tracking Device Distributors and Customers
14.3. Wearable Sleep Tracking Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apple
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Xiaomi
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. Fitbit
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Garmin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jawbone
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Polar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Moto
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
