Press release
Overview of Smart Sports Fitness Tracker Market Production, Consumption, Revenue and Market share, reviewed till 2022
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Smart sports fitness tracker is an application or device that is used to track and monitor fitness-related activities including heartbeat, quality of sleep, and consumption of calories. It also measures the distance and number of footsteps walked or run by the end user. Attributed to integrated technologies such as optical heart rate monitor and bio-impedance sun sensors, smart fitness trackers witness considerable consumption among diabetic patients. The global smart sports fitness tracker market will register a moderate growth, and is expected to represent a value of over US$ 2,700 Mn by the end of 2022.
Sports Stores to Represent a Leading Segment
Activity tracking is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market by the end of 2022. Heart rate product is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market. Europe is expected to remain the largest market for sport fitness tracker products globally. Augmenting nutrition plan is expected to register the highest CAGR, followed by heart rate in the global market throughout 2022.
Sports stores is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market in 2017. Departmental stores is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market by the end of 2017. Sales of smart sports fitness tracker in Europe will generate the highest revenue in the global market throughout 2022. Online retail is expected to register the highest CAGR growth in the global smart sports fitness tracker market through 2022.
Mid price is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 200 Mn in the global market by the end of 2022. Economic prices is expected to register the second highest growth in the global smart sports fitness tracker market through 2022. This segment is expected to register the highest CAGR in the global market throughout 2022.
Consumption in Healthcare Industry
Wearable devices have bridged the gap between actual medical care and fitness tracking. Increasing need to maintain sleep log, and track physical activities has led to an upsurge in demand for fitness trackers in the healthcare sector. Manufacturers operating in the healthcare industry are integrating updated technology including galvanic skin response sensor, bio-impedance sun sensors and optical heart rate monitors. Equipped with optical heart rate monitor, the fitness tracker enables patients to track their heart rate through photo plethysmography process. This device further enables the patients to track their respiration rate, heart rate, and galvanic skin responses through the bio-impedance sun sensor features. Such factors are likely to impact growth of the global smart sports fitness tracker market positively.
On the other hand, availability of similar technical features in smart watches, and smart phones has led to a drop in demand for sports fitness trackers. Fitness tracker operates as a pedometer, however inaccurate results have led to a downturn in demand for sports fitness tracker. Such factors are likely to inhibit growth of the global smart sports fitness tracker market throughout 2022.
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Table of Content:
1. Global Smart Fitness Trackers Market – Executive Summary
2. Global Smart Fitness Trackers Market Overview
2.1. Introduction
2.1.1. Global Smart Fitness Trackers Market Taxonomy
2.1.2. Global Smart Fitness Trackers Market Definition
2.2. Global Smart Fitness Trackers Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Smart Fitness Trackers Market Y-o-Y Growth
2.3. Global Smart Fitness Trackers Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Smart Fitness Trackers Market Analysis and Forecast By Product Type
3.1. Global Smart Fitness Trackers Market Size and Forecast By Product Type, 2012-2022
3.1.1. Activity Tracking Smart Fitness Trackers Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Sleep Monitoring Smart Fitness Trackers Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued….
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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