Press release
Kids Smartwatch Global Market 2024 : Major Drivers, Analysis, Size, Share, Growth And Forecast To 2033
Kids Smartwatch Global Market
As per the report, the kids smartwatch market size has grown rapidly in recent years. It will grow from $1.68 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The kids smartwatch market size is expected to see rapid growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%.
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Rising Focus On Child Safety Fuels Expansion Of Kids Smartwatch Market
The growing emphasis on child safety is expected to propel the growth of the kids smartwatch market going forward. Child safety refers to the practices, measures, and regulations designed to protect children from harm, injury, and abuse. The growing emphasis on child safety is due to factors such as increased awareness of child risks, health and developmental concerns, and parental concerns. Kids' smartwatches typically allow for two-way communication, enabling children to make and receive calls from a list of pre-approved contacts. This ensures that children can reach their parents or guardians easily if they need help or if parents need to contact them. For instance, in December 2023, according to the Department of Child Safety, Seniors, and Disability Services, an Australia-based government agency, the number of investigations finalized by Child Safety increased by 8.8% to 29,772 in 2023 compared to 2022. Therefore, the growing emphasis on child safety drives the kids smartwatch market.
Emerging Trends In Childrens Smartwatches Exploring Innovative Features And Market Developments
Major companies operating in the kids smartwatch market are developing innovative products, such as water-resistant watches, to ensure safety and connectivity for young users. Water-resistant watches are timepieces designed to withstand exposure to water to varying degrees without being damaged or compromised. For instance, in May 2024, Google LLC, a US-based software company, launched the FitBit Ace LTE, a new smartwatch tailored specifically for children. This latest addition to the FitBit lineup aims to provide parents with a tool to monitor their kids' health and activity levels. The FitBit Ace LTE features a durable, water-resistant design and a vibrant, easy-to-read display. It includes fitness tracking capabilities such as step counting, activity monitoring, and sleep tracking, allowing parents to gain insights into their children's daily routines and overall well-being.
The kids smartwatch market covered in this report is segmented -
1) By Type: Functional Type, Smart Type
2) By Compatibility: iPhone Operating System (IOS), Android, Other Compatibilities
3) By Connectivity: Bluetooth, Wi-Fi, Cellular Networks, Near Field Communication (NFC)
4) By Distribution Channel: Supermarket Or Hypermarket, Convenience Stores, Specialty Stores, Online Distribution Channels
5) By End User: 7-12 Years Old, 0-6 Years Old
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Major companies operating in the kids smartwatch market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Sony Corporation, LG Corporation, Xiaomi Corporation, ASUSTeK Computer Inc., Motorola Mobility LLC, Garmin Ltd., Huawei Technologies Co. Ltd. , Dexcom Inc., Michael Kors, Giorgio Armani S.p.A, VTech Holdings Limited, Fossil Group Inc. , Tomtom International BV. , Franciscan Solutions Private Limited, Sibyl Srl, Shenzhen Continental Wireless Technology Co. Ltd., Omate Ltd., Doki Technologies, JOY FamilyTech Inc.
Contents of the report:
1. Executive Summary
2. Kids Smartwatch Market Report Structure
3. Kids Smartwatch Market Trends And Strategies
4. Kids Smartwatch Market - Macro Economic Scenario
5. Kids Smartwatch Market Size And Growth
…..
27. Kids Smartwatch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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