Press release
Kids Smartwatch Market Size is Projected to Rise $4,268.7 Million by 2030, Growinig At a CAGR of 14.6% From 2021-2030
Kids Smartwatch Market
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The global kids smart watch market size was valued at $1,125.0 million in 2020, and is projected to reach $4,268.7 million by 2030, registering a CAGR of 14.6% from 2021 to 2030.
Rise in health awareness among consumers, advanced features of smartwatches and technological advancements in the healthcare industry drive the growth of the global kids smartwatch market. However, low battery life and lack of data security & privacy restrain the market to some extent. On the other hand, growth in e-commerce sales and the presence of fitness & health tracker present new opportunities in the upcoming years.
The growing disposable income also encourages the use of kids smartwatch. This, in turn, is expected to have a significant impact on the growth of the kids smartwatch market during the forecast period. Several technology companies are entering the kids smartwatch market to meet consumer demand.
According to the kids smartwatch market analysis, market segmentation is done on the basis of product type, compatibility, connectivity, distribution channel, and region. On the basis of product type, the kids smartwatch market is categorized into integrated and standalone. By compatibility, the market is divided into IOS, android, and others. On the basis of connectivity, the kids smartwatch market is segmented into Bluetooth, Wi-Fi, cellular networks, and NFC. According to distribution channel, the market is fragmented into supermarket/hypermarket, convenience stores, specialty stores, and online sales channel. Region wise, the kids smartwatch market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Based on product type, the standalone segment held the highest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. However, the integrated segment is estimated to register the highest CAGR of 15.1% from 2021 to 2030.
Based on compatibility, the android segment held the largest market share in 2020, holding nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the iOS segment is projected to register the highest CAGR of 15.6% from 2021 to 2030.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding around one-third of the total market share, and is estimated to continue its dominant share by 2030. However, LAMEA is projected to manifest the fastest CAGR of 16.8% during the forecast period.
Key market strategies implemented by market players include product launches, mergers and acquisitions, joint ventures, partnerships, acquisitions, and geographic expansion. Product innovation is being prioritized by prominent market players in order to provide consumers with more innovative products. The key players in the global kids smartwatch industry include Doki Technologies Ltd., Huawei Technologies Co. Ltd, LG Electronics Inc., Omate Inc., Precise Innovation LLC, Tencent Holdings Ltd., Tinitell AB, Vtech Holdings Ltd., and Xiaomi Global Community.
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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global kids smartwatch market from 2021 to 2030 to identify the prevailing market opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing kids smartwatch market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry.
• The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
• The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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