Industry Background:
The activity tracker market is expected to witness high growth due to the growing demand for wearable devices across the world. The activity tracker is a device used to record and monitor fitness-related body activities such as steps taken, distance walked, sleep duration, heartbeat monitoring, and others. These devices are connected to the smartphone or computers via wireless connectivity mediums.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Fitbit Inc. (United States), Samsung (South Korea), Xiaomi Inc. (United States), Jawbone (United States), Nike (United States), Adidas (Germany), Misfit Inc. (United States), Shenzhen Motto Electronics Co. Ltd. (China), Google LLP (United States) and Apple. Inc. (United States) |
This growth is primarily driven by The Preference for These Devices by The Old Population as Increased due to Health Monitoring.
Globally, a noticeable market trend is evident increase in the trend of wearable technology among the youth
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Fitbit Inc. (United States), Samsung (South Korea), Xiaomi Inc. (United States), Jawbone (United States), Nike (United States), Adidas (Germany), Misfit Inc. (United States), Shenzhen Motto Electronics Co. Ltd. (China), Google LLP (United States) and Apple. Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
In March 2021, Xiaomi launched a new fitness tracker 'Mi 6' the same day the company will announce the Mi 11 Pro, Mi 11 Ultra, and a new Mi MIX phone. The new fitness tracker is expected to pack new features and upgrades but the design doesn't seem to have changed.
Influencing Trend:
increase in the trend of wearable technology among the youth and high-end activity tracking features and interactive operating systems
Market Growth Drivers:
The Preference for These Devices by The Old Population as Increased due to Health Monitoring
Challenges:
The fitness trackers with more features are expensive.
Restraints:
high cost and risk of data theft by tampering connection of these devices
Opportunities:
The Rise in the trend of the Internet of Things ecosystem. and increase health consciousness among consumers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Activity Tracker Market
- Analysis about New Entrants in Activity Tracker Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Activity Tracker Study Sheds Light on
The Activity Tracker Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Activity Tracker industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Activity Tracker industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.