Intelligent Bracelet Market Scope
Intelligent Bracelet is like any other jewelry, incorporating the features of both smartwatches and smart bands. Intelligent Bracelet looks are more female-oriented, suitable for dresses and occasions. Intelligent Bracelet is an advancement in the smart wearable industry, making its debut through the collaboration of Intel and Opening Ceremonies, named as Mica (my intelligent communications accessory). Intelligent Bracelet has embedded semi-precious stones, snakeskin, pearls, obsidian, and more to enhance looks and fashion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Fitbit (United States), Garmin (United States), Jawbone (United States), Samsung Group (South Korea), Xiaomi (China), Lenovo (China), Nike (United States), LG Electronics (South Korea), Huawei Technologies(China), Razer (United States) and Sony (Japan) |
CAGR | 3.7% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Intelligent Bracelet market throughout the predicted period.
Fitbit (United States), Garmin (United States), Jawbone (United States), Samsung Group (South Korea), Xiaomi (China), Lenovo (China), Nike (United States), LG Electronics (South Korea), Huawei Technologies(China), Razer (United States) and Sony (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Intelligent Bracelet market by Type , by Application (Specialist Retailers, Factory Outlets, Online Stores and Other) and Region with country level break-up.
On the basis of geography, the market of Intelligent Bracelet 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).
region held largest market share in the year 2023.
Under the current EU Directive, and the Data Protection Act 1998, the data collected by smart devices is considered to be personal since it contains physical health data of the user. As such, the subject (the wearer of a fitness tracker or smartwatch) requires to give prior consent before data can be collected and processed.
Influencing Trend:
Fitness Trackers Have Become A Top Priority
Market Growth Drivers:
Rising demand for fitness devices and Increasing Usage of Internet Connectivity Gadgets
Challenges:
High Cost of Hardware Involved in Manufacturing Smartwatches
Restraints:
Lack of Awareness Among Consumers About Product Functionalities
Opportunities:
Increased Demand from Developing Countries Due to Better Internet Connectivity Infrastructure
Key Target Audience
Intelligent Bracelet Manufacturers, Intelligent Bracelet Suppliers and Distributors, Investors, Research and Development Centers, Technology standards organizations, forums, alliances, and associations, Consumer electronics manufacturers and Integrated device manufacturers (IDMs)