Daily Bulletin

Pitch Engine

  • Written by Pitch Engine
image

According to the new market research report "Wearable Fitness Technology Market by Product (Smartwatch, Wristband (Bracelet), Shoe, Shirt, Headband), Category (Handwear, Torsowear, Legwear, Headwear), Component (Display, Processor, Memory, Power, Networking, Interface, Sensor) - Global Forecast to 2022", the market is expected to reach USD 12.44 Billion by 2022, at a CAGR of 13.7% between 2016 and 2022. The driving factors for the growth of this market include consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, increasing awareness about fitness, and rise in disposable incomes in developing economies.Download Informational PDF Brochure :- http://www.marketsandmarkets.com/pdfdownload.asp?id=139869705

Browse 69 tables and 59 figures spread through 163 Pages and in-depth TOC on "Wearable Fitness Technology Market - Global Forecast to 2022"http://www.marketsandmarkets.com/Market-Reports/wearable-fitness-technology-market-139869705.htmlEarly buyers will receive 10% customization on reports.

In 2015, smartwatch was the largest product segment:

Smartwatches held the largest share of the total wearable fitness technology market because of many additional features in them, other than fitness tracking such as text messaging, phone calls, social media, and music. A smartwatch provides all features of a wristband along with many additional ones, thus it is expected that more consumers would prefer smartwatches over wristbands in the future. It is expected that wearable fitness technology companies would focus on the development of smartwatches focused on fitness applications. In January 2016, Fitbit, Inc. (U.S.) launched a fitness-focussed smartwatch– Blaze at the Consumer Electronics Show (CES) 2016 in Las Vegas.

Handwear segment expected to lead the wearable fitness technology market during the forecast period:

The headwear product category includes smartwatch, wristband, and others (smart glove, and smart rings). More than half of the wearable fitness technology market is held by the handwear category, because it is easier to handle and monitor the devices which are worn on hand. Handwear fitness technology products are likely to explode in popularity in the coming years. The market is abuzz with the talk of smartwatches expected to be launched by leading players. Many leading companies have already launched smartwatches and wrist bands.

The Americas accounted for the largest market share in 2015

The Americas accounted for the largest share of the wearable fitness technology market, in terms of value and volume in 2015 because of several factors. One of the most important factors is technological innovations and advancements, which led to the introduction of new products. The increasing demand from consumers and medical applications has also led to the growth of wearable fitness technology in the Americas. Other factors promoting the growth of the market are increasing health consciousness due to incidences of chronic diseases and diabetes patients, ease of use, and interpretation of medical devices. Companies such as FitBit, Inc. (U.S.), Jawbone, Inc. (U.S.), Pebble Technology Corp. (U.S.), and many more are the major contributors in this market, in the Americas. Apple, Inc. (U.S.) recently launched its Apple Watch, which is the latest development in the wearable fitness technology market in the region.

Speak to Research Expert for more Info :- http://www.marketsandmarkets.com/speaktoanalyst.asp?id=139869705

Other major players in the wearable technology market are Adidas AG (Germany), AGarmin, Ltd. (Switzerland), LG Electronics Inc. (South Korea), Nike, Inc. (U.S.), Qualcomm, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), and Xiaomi Technology Co., Ltd. (China).

MarketsandMarkets covers the wearable fitness technology market segments on the basis of product: smartwatch, wristband, smartshoe, smart shirt/jacket, headband/smartcap, others; product category: handwear, torsowear, legwear, headwear, others; component: display, processor, memory chip, power management components, networking components, user interface components, sensors, mechanical components, others; and regions. A detailed analysis of the regional markets has been done to provide insights into the potential future business opportunities in different regions.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.comVisit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Authors: Pitch Engine

Read more http://www.pitchengine.com/pitches/7c7022e5-0d9b-4803-9c45-7f840ae3ac01


The Conversation

Politics

Backing Australian business, jobs for the US Moon to Mars Mission

The Morrison Government is positioning Australia for lift-off with a $150 million investment into our local businesses and new technologies that will support NASA on its inspirational campaign to re...

Scott Morrison - avatar Scott Morrison

Prime Minister - Ceremonial Welcome, White House - Washington DC

As I just said to the President, thanks mate.   Mr President, Mrs Trump, honoured guests, distinguished guests,, friends one and all, here in this land of liberty. Thank you Mr President and Mrs T...

Scott Morrison - avatar Scott Morrison

Prime Minister interview with Deb Knight

WEDNESDAY 18 SEPTEMBER 2019   DEB KNIGHT: Prime Minister Scott Morrison has launched a 12 month inquiry. He joins us now from Canberra. Scott Morrison, Good morning to you.   PRIME MINISTER: ...

Scott Morrison - avatar Scott Morrison

Business News

Ways to Take Control Over Your Startup's Public Image

The way in which others see your business only seems like something that you have no control over. After all, it’s their own subjective matter, right? Well, the concept of branding represents a sc...

Diana Smith - avatar Diana Smith

How Digital Futures Platforms are Changing it All

Some people still remember the days when you had to be in one of the world’s centers of finance in order to be able to trade with futures. Technology has developed a lot since then and trading wit...

Diana Smith - avatar Diana Smith

Your Ultimate Guide on Making an Office Cleaning Checklist

A cleaning list is simply a list that guides cleaners on what should be done. Several factors determine the type of cleaning list for your business premises.  The cleaning checklist usually provided ...

Clean Group - avatar Clean Group

Travel

Essential Tips When Planning a Trip in the USA

Everyone has their dream destination. It could be a memorable place because of their parents, a destination to be ticked off in the bucket list or a place to find yourself. If your dream destination...

News Company - avatar News Company

Travelling Tips and your Roots: Who’s Looking out for Home?

If you lead a life of travel, chances are you know that not everyone gets the same kick out of living as a nomad. Today we focus on those ‘left behind’ – how do you nurture the valuable people in yo...

News Company - avatar News Company

TOURISM NT LAUNCHES NEW BRAND

New tagline revealed, new campaign set to launch ‘Different in every sense’ will replace Tourism NT’s ‘Do the NT’ tagline from today as part of a new brand positioning aimed at attracting more vi...

Matthew Ongarello - avatar Matthew Ongarello

ShowPo