Industry Background:
In the present world kids are growing up by surrounding with computers, tablets and Youtube. Technology has always been an important part of their life, just a quite different from just a couple of decades ago. Smart watch helps kids in teaching of how to tell time by letting them to choose between a number of analog displays and 3D digital. In addition with the alarm, timer and stopwatch, there is also a calendar feature and calculator so that child can work out with the simple addition, multiplication, subtraction and division problems
According to AMA, the market for Kids Smart Watches is expected to register a CAGR of 15.3% during the forecast period to 2026. This growth is primarily driven by Kids safety due to the availability of smart notification features and Increase in the urbanisation.
Globally, a noticeable market trend is evident Increase in the user experienced due to design and technological features in the displays of smartwatches and smart wearable. The Consumer Goods sector in the China region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Doki Technologies (China), LG Electronics (South Korea), VTech Holdings (China), Huawei Technologies (China), Omate (China), Pebble (Taiwan) and Precise Innovation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Tata Communications is working with Hong Kong based start-up Doki Technologies to support the company’s expansion in the US and Canada, Europe, and Southeast Asia. The recently launched dokiWatch S will come with a Tata Communications MOVE SIM built in
Doki Technologies has designed a kids' smartwatch, which comes with an emergency red SOS button that locates the user via GPS. During emergencies, the kids have the option of pressing the button on their watches to update their contact people about their emergencies or dangers
Market Drivers
- Kids safety due to the availability of smart notification features
- Increase in the urbanisation
Market Trend
- Increase in the user experienced due to design and technological features in the displays of smartwatches and smart wearable
Restraints
- Due to the low battery life there is leading in battery run time
Opportunities
Development and designs in the gender-specific smartwatches by numerous market players
Challenges
High cost associated with the product and Low awareness in small cities about the smart watches
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Kids Smart Watches Study Sheds Light on
The Kids Smart Watches Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Kids Smart Watches industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Kids Smart Watches industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.