North America Wearable Devices in Sports Market, By Component (Hardware, Software), Product Type (Pedometers, fitness & Heart Rate Monitors, Smart Fabrics, Smart Camera, Shot Trackers, Others), Site (Headband, Handheld, Arm & Wrist, Clip, Shoe Sensor, Others), Application (Step Counts, Calorie Burnt, Heart Rate Monitoring, Sleep Tracking, Others), End User (Sports Centers, Fitness Centers, Homecare Settings, Others), Distribution Channel (Independent Retail Store, Hypermarket/Supermarket, Brand Store, Online Sale Channel), (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Wearable Devices in Sports Market
North America wearable devices in sports market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 18.8% in the forecast period of 2021 to 2028 and is expected to reach USD 20,606.07 million by 2028. The increasing popularity among professional athletes and rising healthcare expenditure are the major drivers which propelled the demand of the market in the forecast period.
Wearable devices in sports are a mixture of various products, which are designed to provide assistance and help to users. These Wearable devices are developed and designed to assist the sports man using technology. These Wearable devices use technology such as IoT, Bluetooth, and Wi-Fi to provide information of the overall performance of an individual person. They help the sports person to measure their health parameters such as heart beat, stamina others. These wearable devices come with GPS tracker and records information on the user’s pace, heart rate, step count, calorie burnt and others. These devices maintain the physical activity of the user training and prevent the over training. These devices also keep the track of sleeping schedule and training routine.
The wearable device is often used to track a person’s vital signs of data that are related to location, health and fitness or even one’s biofeedback indicating emotion. Although it has some issues like privacy and the extent to which they may affect the way of social interaction and how the person looks wearing them and the issues with user-friendliness, it is being used by millions of users worldwide from smartwatches to fitness trackers, ring and bracelets, even smart glasses. Increasing disposable income and smartphone penetration is an opportunity for the wearable devices in sports market. However, low battery life and high initial cost are factors expected to restraint the market growth in the forecast period.
The wearable devices in sports market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Wearable Devices in Sports Market Scope and Market Size
Wearable devices in sports market is segmented on the basis of component, product type, site, application, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the North America wearable devices in sports market are segmented into hardware and software. In 2021, the software segment is dominating the North America wearable devices in sports market due to increasing popularity among professional athletes and increasing smartphone penetration are predicted to dominate the market.
- On the basis of product type, the North America wearable devices in sports market is segmented into pedometers, fitness & heart rate monitors, smart fabrics, smart camera, shot tracker, others. In 2021, Pedometers is dominating the North America wearable devices in sports market due to benefits of wearable electronics are predicted to dominate the market.
- On the basis of site, the North America wearable devices in sports market is segmented into headband, handheld, arm & wrist, clip, shoe sensor, others. In 2021, the handheld, arm and wrist segment is dominating the North America wearable devices in sports market due to presence of major market players are predicted to dominate the market.
- On the basis of application, the North America wearable devices in sports market is segmented into step counts, calorie burnt, heart rate monitoring, sleep tracking, others. In 2021, the step counts segment is dominating the North America wearable devices in sports market due to rising healthcare expenditure and disposable income are predicted to dominate the market.
- On the basis of end user, the North America wearable devices in sports market is segmented into sports centers, fitness centers, homecare settings, others. In 2021, the sports centers segment is dominating the North America wearable devices in sports market due to multi-featured and hybrid application mobile devices are predicted to dominate the market.
- On the basis of distribution channel, the North America wearable devices in sports market are segmented into independent retail store, hypermarket/supermarket, brand store, online sale channel. in 2021, independent retail store segment is dominating the North America wearable devices in sports market due to emerging markets and multiple application coverage are predicted to dominate the market.
Wearable Devices in Sports Market Country Level Analysis
The wearable devices in sports market are analyzed and market size information is provided on the basis of, component, product type, site, application, end user and distribution channel.
The countries covered in the wearable devices in sports market report are U.S., Canada and Mexico.
U.S. , is expected to dominate the market because of benefits of wearable electronics and emerging markets.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Social Awareness and Multi-Featured and Hybrid Application Mobile Devices Are Boosting the Market Growth of Wearable Devices in Sports
Wearable devices in sports market also provides you with detailed market analysis for every country growth in wearable devices in sports products industry with drugs sales, impact of advancement, technology and changes in regulatory scenarios with their support for the wearable devices in sports market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Wearable Devices in Sports Market Share Analysis
Wearable devices in sports market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to wearable devices in sports market.
The major companies operating in the global wearable devices in sports are Apple Inc., Fitbit Inc. (A Subsidiary of Google LLC), Huawei Technologies Co., Ltd., Zepp Health corporation, Nike, Inc., Under Armour, Inc., Garmin Ltd., Koninklijke Philips N.V., , StretchSense a Sensor Holdings Limited company, Catapult, Withings, Guangdong Transtek Medical Electronics Co., Ltd, SAMSUNG, Hocoma, Masimo, Abbott, Medtronic, Bio-Beat, Halo Neuroscience, SIGMA SPORT, TomTom International BV, Carre Technologies Inc. (Hexoskin), Activinsights Ltd., Omron Corporation., Sotera Wireless, Inc., Polar Electro, Sensoria, GN Store Nord A/S, IMeasureU Ltd., Hykso, WEARABLE X, among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the wearable devices in sports market.
For instance,
- In July 2021, Apple Inc. entered the 35 Primetime Emmy Award nominations, which includes 20 nominations for “Ted Lasso,” that has broken records by becoming the highest voted comic series for the year, and the most voted freshman comedy series in past times. This is an unbelievable accomplishment by many programs of the company for being recognized by the Television Academy, through various groups and company is so much proud of everyone involved.
- In April 2021, Fitbit declared Fitbit Luxe, a fashion-forward fitness and wellness tracker which is designed in helping one take a more holistic approach towards health and wellness. Company made major technological advancements with Luxe, in creating a smaller, slimmer, beautifully designed tracker packed with advanced features, some that were previously only available with smartwatches, making these tools accessible to even more people around the globe.
- In June 2021, Huawei Technology Co., Ltd has announced that they were launching a series of 5G products and solutions-oriented to "1+N" 5G target network in Barcelona. These products and solutions will help to promote multi-antenna technology to all bands in Europe.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the wearable devices in sports market which also provides the benefit for organization to improve their offering for wearable devices in sports.
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