The latest research study, “Smart Band Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027″ has been added by IMARC Group. 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.
A smart band, also known as a smartwatch, refers to a multipurpose device that assists in tracking the amount of daily physical activities performed by an individual. It also monitors various fitness-related metrics such as distance covered while jogging or walking, calorie consumption, and in some cases, heartbeat and quality of sleep. It is connected to smartphones, tablets, laptops or personal computers wirelessly for long-term data storage. In recent years, smart bands have gained traction across the globe due to the increasing tech-savvy population.
Request Free Sample Report: https://www.imarcgroup.com/smart-band-market/requestsample
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being:
Garmin
Fitbit
Samsung Electronics
Jawbone
Xiaomi
AppleL
GLenovo
Razer
Nike and Sony.
Market Trends:
The growing awareness among the masses regarding health and fitness represents the primary factors driving the global smart band market. The rising health consciousness due to the widespread prevalence of lifestyle diseases like obesity and diabetes has augmented the product demand. As a result, consumers are increasingly seeking reminders that promote healthy living, adequate sleep patterns and connectivity due to the changing lifestyles and hectic work routines.
Besides this, the increasing penetration of the internet of things (IoT) and the availability of high-speed internet have encouraged the utilization of smart bands. Furthermore, manufacturers are introducing innovative product variants integrated with advanced features and aesthetically appealing designs to attract more consumers. Besides this, the expanding e-commerce sector, an emerging trend of product premiumization, rapid urbanization, reduced product prices and elevating incomes are other growth-inducing factors.
Ask Analyst and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-band-market
Breakup by Product Type:
- With Screen
- Without Screen
Based on the product type, the market has been divided into with screen and without screen smart bands.
Breakup by Operating System:
- Android
- Windows
- iOS
- Others
Breakup by Distribution Channel:
- Specialist Retailers
- Company Outlets
- Online
- Others
On the basis of the distribution channel, the market has been classified into specialist retailers, company outlets, online and others.
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Browse related reports:
Soft Skills Training Market: https://www.imarcgroup.com/soft-skills-training-market
Web Application Firewall Market: https://www.imarcgroup.com/web-application-firewall-market
Smart Process Application Market: https://www.imarcgroup.com/smart-process-application-market
Signature Verification Market: https://www.imarcgroup.com/signature-verification-market
Multi-Tenant Data Center Market: https://www.imarcgroup.com/multi-tenant-data-center-market
Engineering Services Outsourcing Market: https://www.imarcgroup.com/engineering-services-outsourcing-market
Email Encryption Market: https://www.imarcgroup.com/email-encryption-market
App Analytics Market: https://www.imarcgroup.com/app-analytics-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com
