Kids Smart Watches Market Scope
In the present world kids are growing up by surrounding with computers, tablets and Youtube. Technology has always been an important part of their life, just a quite different from just a couple of decades ago. Smart watch helps kids in teaching of how to tell time by letting them to choose between a number of analog displays and 3D digital. In addition with the alarm, timer and stopwatch, there is also a calendar feature and calculator so that child can work out with the simple addition, multiplication, subtraction and division problems
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | China |
Unit | Value (USD Million) |
Key Companies Profiled | Doki Technologies (China), LG Electronics (South Korea), VTech Holdings (China), Huawei Technologies (China), Omate (China), Pebble (Taiwan) and Precise Innovation (United States) |
CAGR | 15.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Chinese Vendors will contribute to the maximum growth of Global Kids Smart Watches market throughout the predicted period.
Doki Technologies (China), LG Electronics (South Korea), VTech Holdings (China), Huawei Technologies (China), Omate (China), Pebble (Taiwan) and Precise Innovation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Tencent (China), Xiaomi Global Community (China) and Others.
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 Kids Smart Watches market by Type , by Application (Household, School, Outdoor Activities and Others) and Region with country level break-up.
On the basis of geography, the market of Kids Smart Watches 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). China region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2019, Google and watch marker Fossil announced that Google would be acquiring smartwatch-related intellectual property and personnel from Fossil. The technology is currently under development and will only be used for future products. The acquisition means that Google now has IP and developers that will help the company more directly address the smartwatch and broader wearables industries.
In February 2019, NWSD technologies has launched Ojoy branded Kids smart watch phone with dedicated Kido OS the world first animated Android OS dedicated for Kids smart watch.
Influencing Trend:
Increase in the user experienced due to design and technological features in the displays of smartwatches and smart wearable
Market Growth Drivers:
Kids safety due to the availability of smart notification features and Increase in the urbanisation
Challenges:
High cost associated with the product and Low awareness in small cities about the smart watches
Restraints:
Due to the low battery life there is leading in battery run time
Opportunities:
Development and designs in the gender-specific smartwatches by numerous market players
Key Target Audience
Kids Smart Watches manufacturers, Kids Smart Watches suppliers, Kids Smart Watches distributors, Kids Smart Watches wholesalers and retailers, Research firm, Regulatory bodies and End users