Dublin, April 05, 2023 (GLOBE NEWSWIRE) — The “Wearable Fitness Trackers Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028FSegmented By Product Type, By End User, By Distribution Channel, By Region” the report was added ResearchAndMarkets.com’s offering
The global wearable fitness market is expected to grow at an impressive CAGR over the forecast period
The industry is growing due to increased investment in planning to develop cutting edge technology that will benefit health and fitness. A hunter can have a suitable fitness wear as a multiple activity tracker, depending on the needs of the user.
These trackers include goal setting, sleep tracking, activity tracking, calorie tracking, heart rate monitoring, and step counting. Customers cannot link fitness marketing with their smartphones or the internet to track data opportunities over time and share it with other fitness enthusiasts.
Monitoring and tracking of daily fitness activities, such as steps taken, calories burned, distance traveled, and others, is easily done with the help of a searchable fitness tracker. About 533.6 million watches, smartwatches, and other wearables will be shipped globally in 2021.
A 20% increase year over year suggests that the market is expanding. Simple Bluetooth or wireless networking connections are available for fitness trackers and wearable smartphones. As a result, one of the most important factors driving the growth of the global market is the rise in demand for wireless sports and fitness equipment.
Currently, there are many international firms competing to provide cutting-edge fitness equipment that dominates the industry. IoT, AI, and wireless connectivity are among the edge elements players are launching in their assets.
Consumer awareness of the importance of health is widely disseminated through the use of qualified networks. These devices offer many health benefits, including heart rate monitoring, sleep monitoring, step monitoring, and pulse monitoring.
Technological Advanced Fuels Market Growth
A new device that is being used more frequently today is the indurable fitness tracker. In an effort to have an edge over others, many international companies are competing to be a cutting edge developer.
These companies use cutting-edge features such as wireless networking, artificial intelligence, and IoT in their products. Wearable fitness trackers are often used to raise awareness of consumer health monitoring. These watches offer a number of health benefits, including the ability to track blood pressure, steps, sleep and heart rate.
For example, the Apple Watch Series 8 contains the most third-party apps of any smartphone, including Runkeeper, Strava, and Nike Run Club, in addition to a comprehensive set of health, fitness, and wellness features.
Heart rate zone information, a new Multisport tracking option for triathletes, and support for Custom Workouts are all features of its 9-function watch. It can show real-time power, stride length, ground contact time, and vertical oscillation while running.
Increasing Mergers & Acquisitions between Companies is driving Market Growth
In 2021 Google completed the acquisition of Fitbit. Fitbit has helped people all over the world lead healthier, more active lives for over ten years. As a well-known leader in the field, Fitbit has developed a vibrant community of more than 20 million active users, producing incredible wearable technology and great wearable experiences.
It will make sense, featuring the latest and most technologically advanced health and fitness wristwatches, stress-relieving brands and the latest methods to manage heart health, such as an ECG app to check heart rhythm for signs of atrial fibrillation (AFib). Additionally, HRX, an Indian fitness company owned by actor Hrithik Roshan and Beyond Entertainment, teams up with Noise.
The company has launched a line of fitness trackers created with the questions of GenZ and millennials in mind. Comprehensive care with travel, equipped with tracking features, including a sleep cycle tracker, heart rate and blood pressure monitor, DND pain, and sound health suite.
Additionally, it gives users access to more than 100 cloud-based, customizable watch faces.
Product Launches Fuels Market Growth
The company is launching new products for the health conscious consumer. Consumer demand for these products is rising at a robust pace, which has further encouraged companies to expand their product portfolios to meet consumer demand. For example, the latest generation of fitness wearables will be introduced in India in 2022.
The Fitbit company introduced the Fitbit Inspire 3, Fitbit Versa 4, and Fitbit Sense 2 to the nation. The new Fitbit Inspire 3, Versa 4, and Fitbit Sense 2 all have updated designs that make them more comfortable to use for extended periods of time. This factor is anticipated to increase the growth of the market during the forecast period.
Some of the worlds
Detailed analysis of the major companies involved in the global fitness wearable market.
- apple inc
- Fossil Group, Inc.
- Garmin Ltd.
- Samsung Electronics Co., Ltd.
- Google LLC.
- Huawei Technologies Co., Ltd.
- Curabitur, Inc.
- Sensory Inc.
- Xiaomi Corporation.
- TomTom NV
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- Increasing consumer awareness of health benefits
- Increase internet penetration
- Growing companies in various companies
- New product launches
Market trends & Developments
- Increasing fitness trend
- Rising demand for activity trackers, calorie trackers, and heart rate monitors
- Increasing trend of pain watches
- limited battery space
- A high-priced wearable
Wearable Fitness Trackers Market, By Product Type:
- Carry your wrists
- fitness bands
- Wearable Fitness Trackers Market, End User:
- sports person
Wearable Fitness Trackers Market, Distribution Channel:
Wearable Fitness Trackers Market, By Region:
- North America
- United States
- united kingdom
- Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South America
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