A new comprehensive research Study is added in Data Bridge Market research’s database of 350 pages, titled as “Wearable Devices In Sports Market” study with 100+ market data Tables, Pie Chat, Graphs & Figures. All the data and information gathered in the Wearable Devices In Sports report is studied and analysed with the demonstrated tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. This Wearable Devices In Sports report has several aspects of marketing research and analysis for ABC industry which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings.
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Market Analysis: Global Wearable Devices in Sports Market
The Global Wearable Devices in Sports Market is expected to rise from its initial estimated value of USD 31.22 billion in 2018 to an estimated value of USD 102.2 billion by 2026 registering a CAGR of 15.98% in the forecast period of 2019-2026. The growth in this market is getting increased as the size of the devices is getting smaller and portable which is easy to keep for everyone.
Market Definition: Global Wearable Devices in Sports Market
Wearable device is often used to track a person’s vital signs of data those are related to location, health and fitness or even one’s biofeedback indicating emotion. Although it has some issues like privacy and the extent to which they may affect the way of social interaction and how the person looks wearing them and the issues with user-friendliness, it is being used by millions of users worldwide from smartwatches to fitness trackers, ring and bracelets, even smart glasses.
Athletic community has paid attention to wearables as lots of companies are producing such devices. However, Pedometer was the first ever wearable used by Leonardo Da Vinci in order to measure the physical activity. Modern sports may use wearables in analyzing and monitoring physiological parameters.
- Disposable income is rising.
- High rise in infrastructure developments in mobile industry.
- Its portability and convenience due to smaller size is driving this market.
- Big players have entered into this market.
- Data privacy is a major concern.
- High cost manufacturing.
- Smaller size leads to reliability issues.
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Segmentation: Global Wearable Devices in Sports Market
- By Component
- By Device Type
- Activity Monitors
- Smart Fabrics
- Sports and Running Computers
- Fitness and Heart Rate Monitors
- Others (Cycling Computers, Pursuit Monitors)
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In April 2018, Fitbit Versa was introduced by Fitbit which is a smartwatch that has offered a comfortable design and a dashboard which enables a simplified access to the health and fitness data.
- In April 2018, Garmin International, Inc. has unveiled an approach X10 which is a Golf Band that has preloaded data of over 41,000 courses from all over the world.
Competitive Analysis: Global Wearable Devices in Sports Market
The global wearable devices in Sports market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of wearable devices in Sports market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Wearable Devices in Sports Market
Few of the major market competitors currently working in the wearable devices in sports market are Adidas AG, Nike Inc., Under Armor Inc., Fitbit Inc., Apple Inc., Garmin Ltd., Zepp US Inc., Catapult Sports Pty Ltd, StretchSense Ltd., Misfit Inc., Alphabet Inc., Qualcomm Technologies, Inc., Sony Corporation, Jawbone Inc., Lifesense Group, Guangdong BBK Electronics Co., ltd., Xiomi Technology Co., Ltd. and others.
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Research Methodology: Global Wearable Devices in Sports Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
The Wearable Devices In Sports Market report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Wearable Devices In Sports Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Wearable Devices In Sports Market.
How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
- Exclusive insight into the key trends affecting the Wearable Devices In Sports Market industry, although key threats, opportunities and disruptive technologies that could shape the Global Wearable Devices In Sports Market supply and demand.
- The report tracks the leading market players that will shape and impact the Global Wearable Devices In Sports Market
- The data analysis present in the Wearable Devices In Sports Market report is based on the combination of both primary and secondary resources.
- The report helps you to understand the real effects of key market drivers or retainers on Wearable Devices In Sports Market
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Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Wearable Devices In Sports market
Chapter 2: Evaluating the leading manufacturers of the global Wearable Devices In Sports market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global Wearable Devices In Sports market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
In the end, the Wearable Devices In Sports market is analysed for revenue, sales, price, and gross margin. These points are examined for companies, types, applications, and regions.
To summarize, the global Wearable Devices In Sports market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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