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Competition Apple Smart Watch, Wearable Electronics Market Trends - Ken Research
by Ashish Kumar Market ResearcherUS Smart Wearable Health Devices Market by Type (Smart Watch,
Fitness band, Smart eyewear and other), and by Distribution Network (Online,
Organized retail, Exclusive Brand Stores and Other) on the basis of volume
sales. Market share of major companies by Smart Watch (Apple, Samsung and
other) and Fitness band (Fitbit, Garmin, and others).
·
Smart
Watch segment is expected to witness a strong demand in near future as they can
perform all the functions of fitness band along with added features.
·
Smart
eyeglasses have very huge potential as they are ideally located to monitor body
vitals and are also close to eye, ears and mouth.
·
Chinese
and Asian companies are expected to improve the market share in the US smart
wearable health devices market.
Market for smart wearable health devices is expected to
register a positive growth rate in future (2017-2021) but significant drop will
be registered in YoY growth. It is expected that fitness band will be phased
out from the consumer market and smart watches will be the best selling smart
wearable accounting for very high market share by volume. Smart eyewear and
smart clothes are the two main segments that may give stiff competition to the
smart watch market but the product development in the field will play a very
key role for demand creation in the future. Consumers will look for value for
money and will only go for buy decision if they are satisfied with the value creation
and usability. It is expected that smart wearables will gain a lot of demand
from the enterprise segment for commercial use. Hospitals, Insurance companies
and fitness centers are expected to become the key industry participants of the
smart wearables. It is also expected that many other features can be embedded
in the smart wearable health device that will have positive impact on the
overall sales of these devices.
Online sales will gain market share as it gives the advantage
of preorder booking for new products and products under developments phase. It
also helps to reach a much larger audience at very reduced cost. Sales from
exclusive stores are also expected to rise but drop will be registered in
infomercial sales.
Analysts at Ken Research in their latest publication, “The US Smart Wearable Devices Market by Type (Fitness Bands, Smart Watch,
Smart Eyewear and Others), by Distribution Channel (Online, EBOs, MBOs, Others)
– Outlook to 2021”
believe that continuous evolution of technology and better integration of
devices with smart phones and other smart devices will help in creating a large
consumer base.
Market will be driven by consumers who remain technologically
active and upgrade their hardware at regular intervals. Entry of new products
segments and new consumer segments will further augment the product demand in
future. Companies like Apple and Fitbit will continue their dominance in the
short run. Companies developing more user friendly devices and offering better
after sale service in form of upgrades are expected to dominate the market.
The report provides information on the US smart wearable
devices market size, market segmentation by type of devices and by type
distribution network. It also cover market share of major players in smart
watch and fitness band segment along with company profile of major and emerging
players.
Topics covered in the
Report
Competition Apple Smart Watch
Wearable Device Market Forecasts
Smart Watches Market by value
Wearable Tech Market Growth
Wearable Electronics Market Trends
Market Share Fitbit Fitness Band
Smart Watch Industry Analysis
Wearable Technology Market Size and Share
Wearables market overview
Wearable Technology Market in United States
For more information on
the market research report please refer to the below link:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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About Ashish Kumar 
Market Researcher
216 connections, 0 recommendations, 526 honor points.Joined APSense since, April 19th, 2016, From gurgaon, India.
Created on Nov 1st 2017 06:28. Viewed 492 times.
