What is Smart Wearable Sleep Tracking Device Market?
Smart wearable sleep tracking devices are the wearable devices used for slee[ tracking applications. Sleep tracking devices use actigraphy or accelerometry to measure your body movement, indicating when you are asleep or awake. These devices help users find a detailed breakdown of sleep stages in the form of simple graphs and also keep a track of the heart rate. Sleep tracking can useful for diagnosing conditions like sleep apnea and other sleep disorders. They are helpful for recognizing patterns in sleep habits.
The market study is being classified by Type (Smart Band and Smart Watch) and major geographies with country level break-up.
Apple Inc. (United States), Samsung Electronics (South Korea), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Fitbit, Inc. (United States), Garmin Ltd. (United States), Jawbone (United States), Motorola, Inc. (United States), ResMed Inc. (United States) and Emfit Ltd. (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Wearable Sleep Tracking Device market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Wearable Sleep Tracking Device market by Type, Application and Region.
On the basis of geography, the market of Smart Wearable Sleep Tracking Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Adoption of Smart Devices
- Rise in the Disposable Income of the People in Developing Countries
- Increased Prevalence of Sleeping Disorders such as Sleep Apnea
Market Trend
- Increased Focus on Preventive Healthcare
- Growing Demand for Sleep Tracking Devices from Online Customers
Restraints
- Lockdowns in Various Countries Due to COVID-19 Pandemic
- Accuracy of the Sleep Tracking Devices is Always Questionable
Opportunities
- Growing Demand for Technological Advanced Components from End-users
- Growth in the E-commerce Industry Worldwide will Help Companies for Its Expansions
- Increasing Promotional Activities by Manufacturers
Challenges
- Slowdown of the World Economy
- Technical Issues Associated with Sleep Tracking Devices
Recently, Apple has acquired Beddit, a Finnish company that makes sleep-tracking devices that work with apps for iOS and the Apple Watch.
Key Target Audience
Sleep Tracking Device Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users