Smart Wearable Fitness Devices Sensors Market set to recoup post COVID-19
February 14, 2022
Stratview Research has published a new report on the Smart Wearable Fitness Devices Sensors Market, segmented by Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Gas Sensor, Other), Application (Children, Adults, The Elderly), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Smart Wearable Fitness Devices Sensors market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
Market Highlights
The growth of the smart wearable fitness devices sensors market is primarily driven by the increasing demand for wearable sensors to continuously monitor the health of the wearer. Rising fitness consciousness among consumers particularly millennials is likely to drive the growth of the smart wearable fitness devices sensors market at a significant rate during the review period. In addition to this, increasing investment in R&D activities to develop new products is likely to create lucrative opportunities for the players operating in the global market in the coming years.
COVID-19 Impact on Smart Wearable Fitness Devices Sensors Market
The covid-19 outbreak posed significant challenges to the smart wearable devices industry across geographies. It impacted the growth of the smart wearable fitness devices sensors market positively as the demand for wearable devices increased to continuously monitor the health of the patients. However, the imposition of complete lockdown and restrictions on trade affected the product supply for a short period.
To know more about the covid impact on the market, click here:
Segmentation –
This report studies the Smart Wearable Fitness Devices Sensors Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Application Trends
By application, the smart wearable fitness devices sensors market has been bifurcated into children, adults, the elderly. Under these, the adults' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the high product adoption rate among adults.
Regional Trends
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced products among consumers coupled with the presence of key market players such as Honeywell International Inc. (US) and Abbott Laboratories (US). The market growth in the Asia-Pacific region is expected to be driven by increasing demand for wearable devices in developing countries particularly China and India.
Key Players:
Following are the key players in the Smart Wearable Fitness Devices Sensors Market:
- Honeywell International Inc. (US)
- Abbott Laboratories (US)
- Medtronic plc (Ireland)
- Omron Corporation (Japan)
- Acute Technologies & Solutions (India)
- F. Hoffmann-La Roche AG (Switzerland)
- Johnson & Johnson (US)
- GE Healthcare (US)
- Adidas AG (Germany)
- Analog Devices, Inc. (US)
- Bayer AG (Germany)
- Fujitsu Limited (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Qualcomm (US)
- Robert Bosch GmbH (Germany)
- LifeScan, Inc. (US).
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Author : Emily
Frequently Asked Questions (FAQs)
Smart wearable fitness devices sensors distributors, Smart wearable fitness devices sensors suppliers, Smart wearable fitness devices sensors manufacturers, Logistics organizations, Government bodies are the target audience in the smart wearable fitness devices sensors market.