Market Highlights: Smart Band is also called as an activity or fitness tracker. It is wireless wearable device designed using sensors. Sensors are used for track number of physical and physiological factors. Smart bands are used for different applications such as measure heart rate, average speed, step count and distance enclosed while cycling, walking and jogging. Two type of Smart bands such as with screen and without screen smart band. Fueling demand due to innovative features such as getting notification of calls and massages will help to boost global smart band market. It is available at online stores or company’s official stores. The market study is being classified by Type (With Screen and Without Screen) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Smart Band are Fitbit (United States), Garmin (United States), Samsung Electronics (South Korea), Apple (United States), Xiaomi (China), Lenovo (Hong Kong), LG (South Korea), Nike (United States) and Sony (Japan).
Major Market Development Highlights On 13th February 2018, Fitbit has acquired a small, Boston-based software startup and cloud based healthcare company called Twine Health. On 13th March 2018, Fitbit has launched new devices for kids, women and parents such as Fitbit Versa, Fitbit Ace, Female Health Tracking and Fitbit Ionic: Adidas edition with innovative features.
Key Questions Answered in the Report What will the Smart Band Market size and the growth rate be in Future? What are the key factors driving the Smart Band Market? What are the key market trends and macro-economic impacting the growth of the Smart Band Market? What are the challenges to market growth? Who are the key vendors in the Smart Band Market? What are the market opportunities and threats faced by the vendors in the Smart Band Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Smart Band Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Band market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Band market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Smart Bands, Smart Bands Suppliers and Distributors, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.