Pune, Maharashtra -- (SBWire) -- 08/24/2020 --The global Wearable Fitness Technology market is studied in detail in the new report on Qualiket Research. The new report studies the Wearable Fitness Technology market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market's historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods. Key factors likely to affect the market's dynamics in the coming years are profiled in detail in the report, to allow readers a complete understanding of the major obstacles standing in their way in the Wearable Fitness Technology market.
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Wearable Fitness Technology consist electronic products that have been designed to be worn by the person so that can keep a track of its heartbeat, footsteps, so that one can keep himself fit and fine and also give a real time information about the health of the overall body. This technology is used to monitor or record fitness related activities such as calories, heart rate, sleep, steps, and others.
Market Drivers
Rise in consumer preference towards smart gadgets is the key driving factor which is expected to boost the global wearable fitness technology market growth. Furthermore, rise in demand for wearable fitness and medical devices will positively contribute the market growth. Also, rise in awareness about fitness and increasing disposable income in developing economies will fuel the market growth during this forecast period. Moreover, continuous technological advancements will drive the market growth. For instance, in May 2020, Fitbit had launched its new wearable 4G-Enabled Smartwatch for children. It has safety tracking features with video calling, and voice calling options. Additionally, increase in demand for connected devices will raise the demand for wearable fitness technology in near future.
Market Restraints
However, power consumption and limited battery life of wearable devices is the major restraining factor which is expected to hinder the global wearable fitness technology market growth. Also, high initial cost and production cost will affect the market growth.
Market Key Players
Various key players are discussed in this report such as Fitbit Inc., Apple Inc., Xiaomi Technology Co. Ltd., Garmin Ltd., Samsung Electronics Co. Ltd., Adidas AG, LG Electronics Inc., Nike Inc., Qualcomm Inc, and Sony Corp.
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Market Taxonomy
By Product
- Smartwatch
- Wristband
- Smartshoe
- Smart Shirt
- Headband
- Others
By Component
- Display
- Processor
- Memory Chip
- Power Management Components
- Networking Components
- User Interface Components
- Sensors
- Mechanical Components
- Others
By Technology
- Computing Technologies
- Display Technologies
- Networking Technologies
- Positioning Technologies
- Sensor Technologies
- Speech Recognition Technologies
By Activity Tracking
- Calories
- Steps
- Sleep
- Heart Rate
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Major Points Covered in Table of Content
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wearable Fitness Technology Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wearable Fitness Technology Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Wearable Fitness Technology Market Share Analysis, By Product
5.3 Global Wearable Fitness Technology Market Size and Forecast, By Product
5.3.1 Smartwatch
5.3.2Wristwatch
5.3.3. Smartshoe
5.3.4. Smart Shirt
5.3.5. Headband
5.3.6. Others
6 Global Wearable Fitness Technology Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Wearable Fitness Technology Market Share Analysis, By Component
6.3 Global Wearable Fitness Technology Market Size and Forecast, By Component
6.3.1 Display
6.3.2 Processor
6.3.3. Memory Chip
6.3.4. Power Management Components
6.3.5. Networking Components
6.3.6. User interface Components
6.3.7. Sensors
6.3.8. Mechanical Components
6.3.9. Others
7 Global Wearable Fitness Technology Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Wearable Fitness Technology Market Share Analysis, By Technology
7.3 Global Wearable Fitness Technology Market Size and Forecast, By Technology
7.3.1 Computing Technologies
7.3.2. Display Technologies
7.3.3. Positioning Technologies
7.3.4. Sensor Technologies
7.3.5. Speech Recognition Technologies
8 Global Wearable Fitness Technology Market, By Activity Tracking
8.1 Y-o-Y Growth Comparison, By Activity Tracking
8.2 Global Wearable Fitness Technology Market Share Analysis, By Activity Tracking
8.3 Global Wearable Fitness Technology Market Size and Forecast, By Activity Tracking
8.3.1 Calories
8.3.2 Steps
8.3.3 Sleep
8.3.4. Heart Rate
8.3.5. Others
9 Global Wearable Fitness Technology Market, By Region
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