Smart Bottle Market Scope
Smart bottle refers to technologically advanced bottles integrated with wireless communication technology and are able to connect with electronic devices such as wearables and smartphone. It helps in keeping track of the amount of a water person is drinking. Smart bottle market has high growth prospects owing to changing lifestyle standard and growing inclination towards technologically advanced products. Further, growing technological advancement such as the incorporation of the internet of things (IoT) and artificial intelligence (AI) in the smart bottle expected to drive the demand for the smart bottle over the forecasted period.
According to AMA, the Global Smart Bottle market is expected to see growth rate of 13.98%The Vendors having a strong hold in the market are Kuvee, Hidrate, Trago Mills, Courtney Sippo, and Ecomo. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Smart Bottle market throughout the predicted period.
Ecomo (United States), Hidrate Inc. (United States), HydraCoach, Inc. (United States), Open-2 LLC (United States), Out of Galaxy, Inc. (United States) and My Smart Bottle (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Moikit (China) and Thermos L.L.C. (United States).
Segmentation Overview
The study have segmented the market of Global Smart Bottle market by Type (Metal Bottle, Polymer Bottle and Others), by Application (Water Bottle, Pharmaceutical Bottle, Alcoholic Beverage Bottle and Other Bottle) and Region with country level break-up.
On the basis of geography, the market of Smart Bottle 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).
Influencing Trend:
Emergence of Hydration Tracking Apps and Emphasizing on Integration of Technologies Such As Internet of Things (IoT) and Artificial Intelligence (Ai) in Smart Bottle
Market Growth Drivers:
Growing Awareness Regarding Health and Fitness and Rising Awareness about Adequate Water Intake
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Limited Availability of Smart Bottles through Offline Distribution Channel
Opportunities:
Increasing Demand from the Developing Economies Owing To Changing Lifestyle Standards and Rising Disposable Income in the Low and Middle Income Group Countries
November 2018, Omniaz a beverage technology company launched Asia’s first smart bottle experience for alcohol beverage with the launch of the DRNK (Drink, Rewards, Network, Knowledge) mobile application in partnership with Wine Connection company in Singapore which is engaged in offering affordable, high quality and exclusive wines.
Key Target Audience
Smart Bottle Manufacturers, Research Institutes, Market Research and Consulting Firms, Forums, Alliances, and Associations, Technology Investors, Governments and Financial Institutions, Analysts and Strategic Business Planners 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.