ReportsWeb.com published “Smart Band Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Worldwide Smart Band Market 2016 Trend, Analysis and Overview
1. Global Smart Band Market 2016-2020
Website : www.reportsweb.com
No of Pages: 40
Published: Dec 2015
Single User PDF: US$ 2000
Publisher : Infiniti Research
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Introduction
Publisher'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. The popularity of these devices is highest among the younger population, especially in the US.
Global Smart Band Market 2016-2020
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The strategic partnership among supply chain members is an emerging trend in the smart band market. In recent
years, smart band manufacturers have increased their relationships with industry players worldwide. For instance,
during 2015, HTC partnered with Under Armour to develop the Grip smart band.
Geographical segmentation and analysis of the smart band market
- Americas
- APAC
- EMEA
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.
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Global Smart Band Market 2016-2020
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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. Publisher 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
The other prominent vendors in the market include Lenovo, LG, Nike, Razer, and Sony.
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Global Smart Band Market 2016-2020
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