The global wrist wearable market to grow at a CAGR of 10.94% during the period 2016-2020.
The smartwatches are multifunctional, and will hence gain popularity among consumers during the forecast period. Fitbit, a provider of fitness products, is one of the leading vendors in the global fitness band market. As a result of the growing popularity of smartwatches, wristband manufacturers across the globe are focusing on increasing the application areas so as to compete with other smartwatches and gain market share. For instance, some of the applications of wristbands, apart from fitness tracking, include mobile payments, secure access, safety, health, and wellness.
Global Wrist Wearable Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increased awareness of healthy lifestyle will be a key driver for market growth. The growth in the aging population and the increase in the occurrence of diseases, coupled with higher health care costs, are major concerns worldwide. Consequently, people are becoming increasingly concerned about and aware of their health. The growing health awareness among people is reflected in the rapid increase in demand for healthy nutrition, hygienic foods, gym memberships, diet programs, and in the use of mobile health applications. As of 2015, there are 151 million people that have become members of the gym and other fitness centers. The fitness bands help people track and control their health better and prevent serious health hazards.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Samsung Electronics
Other prominent vendors
- Atlas Wearables
- Mushroom Labs
- TAG Heuer
- YU Televentures
For more information about this report visit http://www.researchandmarkets.com/research/l837vn/global_wrist