Wristband Wearable Device Market Is Booming Worldwide | Apple, Xiaomi Group, Huawei, Adidas, Fitbit, Garmin, Google, Nike, Jawbone

This report discusses many vital industry facets that influence Global Wristband Wearable Device  industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Sodium-ion Battery investments from 2021 till 2026.

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Wristband Wearable Device Market size is forecast to reach $22.49 billion by 2026, after growing at a CAGR of 6.9% during 2021-2026.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Apple, Xiaomi Group, Huawei, Adidas, Fitbit, Garmin, Google, Nike, Jawbone, Samsung Electronics, Sony

News and Updates

May 2020 - In 2019, Google had spent USD 40 million purchasing an intellectual property from Fossil, and in November 2019, Google parent Alphabet announced that it was buying Fitbit for USD 2.1 billion. The patent application calls for the use of an optical sensor that would be embedded in the body of a smartwatch. The sensor would be able to read gestures made by the watch wearer's fingers, wrists, and arms, and the company is expected to unveil a Pixel Watch in 2020.

April 2020 - Xiaomi's Huami subsidiary confirmed in a post on Chinese social network Weibo that the Mi Band 5 will see a 2020 release. The company also recently established the Amazfit line would see a new addition called the Amazfit Ares. Huami also confirmed the Amazfit Ares would tout 70 different sports modes and feature a rugged-looking "urban outdoor" appearance.

Market Overview

The smartwatch category is also experiencing a rise, owing to the additional features, like the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, are keeping the pricing consistent with the price bands of traditional watches, to maintain their revenues. With Google's WearOS, many other premium watchmakers, such as TAG and Armani, have entered the segment. For instance, according to Cisco Systems, the global number of connected wearable devices is expected to reach 1,105 million by 2022, from 593 million in 2018.

Smartwatches are seeing a surge in new users, including the older population, because wearable makers, such as Apple and Fitbit, are adding health-monitoring features that appeal to older people and keep them updated about their health status in real-time. For instance, Apple features a fall detection app and an EKG monitor to the Apple Watch Series 4, while Fitbit added a feature to detect sleep apnea. The next-generation of Apple watches is expected to feature glucose monitoring for people with diabetes. The company also collaborated with L'Oreal to design the first skin sensor that detects UVA and UVB exposure.

North America is known as the hub for all significant technological improvements in the world. With the advent of smart gadgets, the demand is growing for more powerful and sophisticated wearable technologies. The growth in disposable income and the rapid adoption and popularity of enhanced devices are some of the primary drivers of this geographical region. Moreover, the region has a strong foothold of wearable vendors, such as Apple, Fitbit, and Garmin, among others, adding to the growth of the market

Segmentation by type: breakdown data from 2016 to 2021 in Section 2.3; and forecast to 2026 in section 10.7

Infotainment Equipment

Lifestyle Bracelet

Medical Health Monitor

Other

Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 10.8

Medical Insurance

Entertainment

Other

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Wristband Wearable Device market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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Wristband Wearable Device Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Wristband Wearable Device market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Wristband Wearable Device market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Wristband Wearable Device Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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sales@marketinsightsreports.com | irfan@marketinsightsreports.com

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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