Technavio’s
research analyst predicts the global smart band market to grow steadily at a
CAGR of around 8% during the forecast period. The high demand for wearable
lifestyle devices is the key growth driver for this market. Consumers use
smartwatches, smart bands, and wearable rings to monitor daily fitness and
health activities, listen to music, check virtual/3D videos, play virtual
games, and access social networking websites such as Facebook, LinkedIn, and
Twitter.
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The Americas
accounted for 65% of the market share during 2015 and is expected to retain its
market leadership until the end of the forecast period. Its dominance was due
to the presence of tech-savvy consumers with greater awareness of
technologically advanced products such as smart bands. Fitbit, Garmin, and
Jawbone; which are among the top five leading vendors in the market are also
based out of the US.
Competitive landscape and key vendors
The global smart band market is characterized by intense competition due to the presence of multiple small and large vendors. Technavio predicts uncertain market growth for all vendors in 2016. Although large vendors such as Fitbit, Jawbone, and Samsung already have an established presence in the market, yet small vendors from APAC such as Xiaomi is taking over due to the low cost of manufacturing in the APAC region.
The leading vendors in the market are -
• Fitbit
• Garmin
• Jawbone
• Samsung Electronics
• Xiaomi
Competitive landscape and key vendors
The global smart band market is characterized by intense competition due to the presence of multiple small and large vendors. Technavio predicts uncertain market growth for all vendors in 2016. Although large vendors such as Fitbit, Jawbone, and Samsung already have an established presence in the market, yet small vendors from APAC such as Xiaomi is taking over due to the low cost of manufacturing in the APAC region.
The leading vendors in the market are -
• Fitbit
• Garmin
• Jawbone
• Samsung Electronics
• Xiaomi
Complete Report Details
@ https://www.wiseguyreports.com/reports/241977-global-smart-band-market-2016-2020
• Highlights
PART 02: Scope of the report
• Base year
• Forecast period
• Market coverage
• Market size calculation
• Geographical segmentation
• Vendor segmentation
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Realistic scenario
• Optimistic scenario
• Five forces analysis
PART 06: Market segmentation by geography
• Global smart band market by geography
PART 07: Market drivers
• Growing adoption of smart bands in APAC
• Integration of advanced technologies in smart bands
• High demand for wearable lifestyle devices
• Miniaturization of electronic devices
PART 08: Impact of drivers
PART 09: Market challenges
• Connectivity
• Unappealing designs
• Security and privacy issues
• Low awareness of potential use of smart bands
PART 10: Impact of drivers and challenges
PART 11: Market trends
• Rising investment in wearable technology
• Crowdfunding
• Strategic partnerships among supply chain members
• Proliferation of low-cost smart bands
• Competitive scenario
PART 02: Scope of the report
• Base year
• Forecast period
• Market coverage
• Market size calculation
• Geographical segmentation
• Vendor segmentation
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Realistic scenario
• Optimistic scenario
• Five forces analysis
PART 06: Market segmentation by geography
• Global smart band market by geography
PART 07: Market drivers
• Growing adoption of smart bands in APAC
• Integration of advanced technologies in smart bands
• High demand for wearable lifestyle devices
• Miniaturization of electronic devices
PART 08: Impact of drivers
PART 09: Market challenges
• Connectivity
• Unappealing designs
• Security and privacy issues
• Low awareness of potential use of smart bands
PART 10: Impact of drivers and challenges
PART 11: Market trends
• Rising investment in wearable technology
• Crowdfunding
• Strategic partnerships among supply chain members
• Proliferation of low-cost smart bands
• Competitive scenario
CONTACT US:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
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