The global smart
fitness devices market is expected to reach USD 29.4 billion by
2025, according to a new report by Grand View Research, Inc. The smart fitness
devices market has witnessed a rising demand among the growing urban population
in a bid to enhance their fitness goals. Advantages such as accessing fitness
activities data in remote and real-time operations have resulted in an
increased penetration of the market. Additionally, there are tremendous
opportunities for advancements in the smart fitness devices owing to the
increasing usage of smartphones and enhanced internet accessibility, which, in
turn, would fuel the growth of smart fitness market. The growing adoption of
the smart fitness devices to keep track of sleep, steps, calories, heart rate,
and other bodily stats is anticipated to revolutionize the market by 2025.
The smart fitness devices market has been segmented
based on product into the smartwatch, wristband, smart clothing, smart shoes,
bike computers, and others. Based on types, the market has been segmented into
head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear
segment is the biggest segment in terms of size and is expected to dominate the
market over the forecast period. This growth may be attributed to the high
demand of wristbands and smartwatches. The torso-wear segment is anticipated to
experience a notable shift in its growth owing to the rising demand for smart
clothing.
The growing awareness and popularity of smart fitness
products are encouraging producers to invest in research & development for
creating better products. Manufacturers are making massive investments to
develop several new products in order to enhance user experience. Researchers
are focusing on developing cost-effective and reliable products.
Browse full research report on Smart Fitness Market: www.grandviewresearch.com/industry-analysis/smart-fitness-devices-market
Further
key findings from the report suggest:
- The growing demand for smart fitness devices market can be
accredited to the increasing demand among individuals for keeping track of
various body parameters such as heart rate, sleep, steps taken, calories
burned, and others.
- The growing penetration of Internet of Things (IoT) and enhanced
internet accessibility, which helps to direct digital controls for
improved Machine-to-Machine (M2M) communication, have encouraged users to
adopt smart fitness devices.
- The increase in adoption of wireless technology, sensor technology,
miniaturized hardware, cloud services, and smartphone have enabled smart
fitness market to emerge as a new promising consumer segment.
- The North American region accounted for the largest market share in
2016, which may be attributed to its large consumer base.
- Key industry participants include Apple Inc. (U.S.), Fitbit Inc.
(U.S.), Garmin Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South
Korea), and Xiaomi Inc. (China).
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/semiconductors-and-electronics
Grand
View Research has segmented the smart fitness market based on products, types,
and regions:
Product
Outlook (Revenue, USD Million; 2014 - 2025)
- Smartwatch
- Wristband
- Smart
Clothing
- Smart Shoes
- Bike
Computers
- Others
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Head-wear
- Torso-wear
- Hand-wear
- Leg-wear
- Bike mount
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- South America
- Brazil
- Middle East
& Africa (MEA)
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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