Global Wake-Up Light Alarm Clock Market Overview:
Wake-up Light alarm clock is a sleek and stylish clock that is made as a wake-up option. These clocks are well designed and have many features such as it is incorporated with dimming sunset colors with a built-in light battery that lasts for eight hours. The clock also has a built-in Bluetooth speaker and has a light on the device which is 360 degree and allows a range of different colors. Further, with more and more innovative features in wakeup alarm clock and rising disposable income of consumers and busy lifestyle demanding for such clock, the market is anticipated to boost in the forecast period.
Growth Drivers
- Increasing Disposable Income of Consumers
- Busy Lifestyle of Consumers Requiring Wake-Up Light Alarm Clock
- Ease of usage & Attractive Product Features
Roadblocks
- Display Light used in Wake-Up Light Alarm Clock May cause Health Issues to some People
Opportunities
- Increasing Investment in New Product Launch for Wake-Up Light Alarm Clock by Manufacturers
Challenges
- Availability of Substitutes for Wake-up Light Alarm Clock is Posing a Challenges for the Marker
Competitive Landscape:
The Global Wake-Up Light Alarm Clock market is moderately fragmented with few players who are involved in new product launch and strategic collaborations. For instance, January 2019, Signify, the world leader in lighting, has collaborated with Google to give consumers the ability to use voice commands with the Google Assistant to activate sleep and wake light effects, using Philips Hue functionality. These effects replicate the optimum lighting for winding down before bed and waking up naturally in the morning. It represents the first integration of the Philips Hue sleep and wakes up feature with a digital assistant platform.
Some of the key players profiled in the report are Lumie (United Kingdom), Medisana (Germany), Beurer GmbH (Germany), Coulax (United States), Koninklijke Philips N.V. (Netherlands), Hangsun (United Kingdom), Withings (France) and Signify (Netherlands). Considering Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Wake-Up Light Alarm Clock market.
Latest Market Insights:
July 2018, Lumie company launched two products i.e. Lumie Bodyclock Spark 100 which offers the perfect introduction to the benefits of sleeping and waking with light. The essential Bodyclock functionality is the same with sunrise and sunset of 30 minutes, but with the following new features: adjustable sunrise light intensity; nightlight; light-sensitive auto-dimming display; and tap-control snooze. and Another product includes Lumie Bodyclock Glow 150 offers the same functionality as Bodyclock Spark but with the option to adjust the sunrise and sunset duration to 20, 30 or 45 minutes; and a choice of nine sleep/wake sounds including white noise.
Lumie Company’s launch of both products i.e. Bodyclock range and Lumie Bodyclock Glow 150 , are Class I Medical Devices, they have been rigorously tested to European health and safety standards.
What Can be Explored with the Wake-Up Light Alarm Clock Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wake-Up Light Alarm Clock Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wake-Up Light Alarm Clock
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wake-Up Light Alarm Clock market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wake-Up Light Alarm Clock market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wake-Up Light Alarm Clock Manufacturers, Potential Investors, Marketing and Consulting Firms, Industry Associations, Government and Regulatory Agencies, Distributors/Suppliers & Traders and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.