Smart Sports Wearable Trends and Forecast
The future of the global smart sports wearable market looks promising with opportunities in the professional athlete and amateur athlete markets. The global smart sports wearable market is expected to grow with a CAGR of 13.8% from 2024 to 2030. The major drivers for this market are growing worldwide consumer disposable incomes, increasing awareness of health and fitness among people, as well as, ongoing technical development and the expanding wearable market.Smart Sports Wearable by Segment
The study includes a forecast for the global smart sports wearable by device type, component, application, end use, and region.Smart Sports Wearable Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:
- Wrist wear
- Headwear
- Smart Body wear
- Smart Shoes
- Others
Smart Sports Wearable Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
- Services
Smart Sports Wearable Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Fitness & Activity Tracking
- Sports & Performance Enhancement
- Health Monitoring
- Navigation & Location Tracking
- Biometric Analysis
Smart Sports Wearable Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Professional Athletes
- Amateur Athletes
Smart Sports Wearable Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Smart Sports Wearable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart sports wearable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the smart sports wearable companies profiled in this report include:
- Apple
- Sony
- Fitbit
- Garmin
- Catapult Sports
- Under Armour
- Samsung Electronics
- Xiaomi
- Huawei Technologies
Smart Sports Wearable Market Insights
The publisher forecasts that fitness & activity tracking will remain the largest segment over the forecast period due to increasing health consciousness among people.Within this market, amateur athlete will remain the largest segment due to rising popularity of amateur sports across the globe.
North America will remain the largest region over the forecast period due to increased customer preference for technologically sophisticated goods and rising disposable incomes.
Features of the Global Smart Sports Wearable Market
- Market Size Estimates: Smart sports wearable market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Smart sports wearable market size by device type, component, application, end use, and region in terms of value ($B).
- Regional Analysis: Smart sports wearable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different device type, component, application, end use, and regions for the smart sports wearable market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart sports wearable market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for smart sports wearable market?Answer: The global smart sports wearable market is expected to grow with a CAGR of 13.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the smart sports wearable market?
Answer: The major drivers for this market are growing worldwide consumer disposable incomes, increasing awareness of health and fitness among people, as well as, ongoing technical development and the expanding wearable market.
Q3. What are the major segments for smart sports wearable market?
Answer: The future of the global smart sports wearable market looks promising with opportunities in the professional athlete and amateur athlete markets.
Q4. Who are the key smart sports wearable market companies?
Answer: Some of the key smart sports wearable companies are as follows:
- Apple
- Sony
- Fitbit
- Garmin
- Catapult Sports
- Under Armour
- Samsung Electronics
- Xiaomi
- Huawei Technologies
Answer: The publisher forecasts that fitness & activity tracking will remain the largest segment over the forecast period due to increasing health consciousness among people.
Q6. In smart sports wearable market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increased customer preference for technologically sophisticated goods and rising disposable incomes.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the smart sports wearable market by device type (wrist wear, headwear, smart body wear, smart shoes, and others), component (hardware, software, and services), application (fitness & activity tracking, sports & performance enhancement, health monitoring, navigation & location tracking, and biometric analysis), end use (professional athletes and amateur athletes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Smart Sports Wearable Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apple
- Sony
- Fitbit
- Garmin
- Catapult Sports
- Under Armour
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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