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Wearable Fitness Technology Market by Product, Category, Component & Geography - Global Forecast to 2022

Wearable Fitness Technology: Global Forecast until 2022

  • March 2016
  • 165 pages
  • ID: 3693820
In this report:
THE STRATEGY OF EXPANSIONS AND INVESTMENTS IS EXPECTED TO ACCOUNT FOR A SHARE OF AROUND ##% OF ALL THE GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN THE WEARABLE FITNESS TECHNOLOGY MARKET BETWEEN 2011 AND 2015.
HOWEVER, SHIPMENTS FOR WRISTBAND SEGMENT ARE EXPECTED TO REACH ##,##.## THOUSAND UNITS BY 2022, AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.

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"Increasing awareness about fitness and increase in disposable incomes in developing economies is driving the sector"

The wearable fitness technology market is forecasted to reach ~$12.4B by 2022, at a compound annual growth rate of 13.70 percent between 2016 and 2022. There is an growing demand for wearable fitness technology products including wristbands and smartwatches as a result of consumer preference for smart gadgets, rising popularity of wearable fitness and medical devices, growing awareness about fitness, and a growth in disposable incomes in developing economies.

"Displays held the biggest share of the wearable fitness technology market in 2015"

A display being the most expensive part of a wearable device, its market size is larger than other components. Also, display technology is evolving day by day, and new technologies including organic light-emitting diode, active-matrix organic light-emitting diode, tactile/haptic touch, and more are being incorporated in recent products by firms.

In the process of finding out and checking the market value for various segments and subsegments collected by the secondary research, extensive primary audit sessions were managed with main people. Breakup of the profile of primary members taking part is presented below:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 40.0 percent and Tier 3 - 25.0 percent

- By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

- By area: Americas - 43.0 percent, Europe - 19.0 percent, APAC - 29.0 percent, RoW - 9.0 percent

The analysis will facilitate the firms in this sector in these ways:

- The document breaks down the wearable fitness technology market comprehensively and offers the closest approximations of the size of the global market and the sub-segments across localities.

- The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

- This industry report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector.

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Related Market Segments :

Fitness

Wearables

Watch

Application

Sensor

ref:plp2016

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