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.
For more info visit here: https://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).
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/smart-fitness-devices-market/request/rs1
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 info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment