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The global smart band (smart watch) market reached a volume of 46.5 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 59.1 Million Units by 2027, exhibiting at a CAGR of 4.26% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A Smart band is a multipurpose device which helps to monitor the amount of daily activities incurred by a person. It takes into account the distance covered while walking or jogging, and monitors calorie intake, heartbeat and quality of sleep. Smart bands are wirelessly connected to mobiles, tabs, laptops or personal computers for long-term storage of data.
One of the primary factors catalysing the growth of the global smart band market is the rising awareness among people for health and fitness owing to which, there has been a strong growth in the demand for fitness gadgets such as smart bands. Further, changing lifestyles and hectic schedules have driven consumers to hunt for reminders that endorse healthy living, adequate sleep patterns and offer connectivity. In addition, the market is also being catalysed by improving internet availability and the growth of Internet of Things (IoT) which have encouraged consumers to incorporate smart bands or smart watch in their daily lives. Moreover, a decline in the prices of smart bands in recent years have now made them more affordable to the mass population.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart band market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, operating system and distribution channel.
Breakup by Product Type:
On the basis of product type, the report has segmented the market into with screen and without screen smart bands.
Breakup by Operating System:
On the basis of the operating system, the market has been bifurcated into android, windows, iOS, and others.
Breakup by Distribution Channel:
On the basis of distribution channel, the market has been segmented as specialist retailers, company outlets, online and others.
Breakup by Region:
The report has segmented the global smart band market on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The competitive landscape of the market has also been examined with some of the key players being Fitbit, Garmin, Jawbone, Samsung Electronics, Apple, Xiaomi, Lenovo, LG, Nike, Razer and Sony.
This report provides a deep insight into the global smart band market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the smart band market in any manner.
|Base Year of the Analysis||2021|
|Units||Million Units, US$ Million|
|Segment Coverage||Product Type, Operating System, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Fitbit, Garmin, Jawbone, Samsung Electronics, Apple, Xiaomi, Lenovo, LG, Nike, Razer and Sony|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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