PUBLISHER: IMARC | PRODUCT CODE: 1287504
PUBLISHER: IMARC | PRODUCT CODE: 1287504
Smart Band Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global smart band market size reached 48.5 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 61.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028. The growing awareness about health and fitness, increasing number of patients setting timers for taking medications and tracking physical activities, and rising number of innovative and affordable product variants represent some of the key factors driving the market.
A smart band refers to a wrist-worn device that can be connected to smartphones for monitoring the daily activities of an individual. It has a watch or wristband like structure and comprises sensors, microprocessor, wireless transceiver integrated circuit (IC), global positioning system (GPS) IC, display, and a wristband made from rubber or leather. It takes account of the distance covered while walking or jogging and monitors calorie intake, heartbeat, sleep cycles, and blood pressure. A smart band also enables users to locate their smartphones; allows them to make and receive phone calls without accessing the smartphone; and navigate social media, check notifications, set alarms, and interact with various apps effortlessly. It can also be connected to personal computers, laptops, and tablets for long-term storage of data. Furthermore, as a smart band is available in various fashionable designs, its demand is increasing around the world.
Smart Band Market Trends:
At present, the increasing demand for smart bands due to the rising awareness about health and fitness among the masses represents one of the key factors influencing the market positively. Besides this, the growing popularity of smart bands among fitness enthusiasts and athletes to maintain and track their daily workout routine is offering a favorable market outlook. In addition, changing lifestyles and hectic work schedules is driving individuals to set reminders that endorse healthy living and adequate sleep patterns and offer connectivity. Apart from this, the rising number of e-commerce brands and tech companies selling smart bands with innovative designs for affordable prices is propelling the growth of the market. Additionally, there is an increase in the utilization of smart bands in the medical industry to revolutionize the way healthcare facilities are delivered to patients by collecting patient data in real time and monitoring and tracking the activities and vitals of patients. This, along with the rising number of patients using smart bands to set timers for taking medications and tracking physical activities while recovering from an injury, is supporting the market growth. Moreover, key market players are improving the functionalities and accuracy of smart bands by incorporating internet of things (IoT) and artificial intelligence (AI) in their systems.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart band market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, operating system and distribution channel.
Product Type Insights:
With Screen
Without Screen
The report has provided a detailed breakup and analysis of the smart band market based on the product type. This includes with screen and without screen. According to the report, with screen represented the largest segment.
Operating System Insights:
Android
Windows
iOS
Others
A detailed breakup and analysis of the smart band market based on the operating system has also been provided in the report. This includes Android, Windows, iOS, and others. According to the report, android accounted for the largest market share.
Distribution Channel Insights:
Specialist Retailers
Company Outlets
Online
Others
A detailed breakup and analysis of the smart band market based on the distribution channel has also been provided in the report. This includes specialist retailers, company outlets, online, and others. According to the report, specialist retailers accounted for the largest market share.
Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for smart band. Some of the factors driving the North America smart band market included the rising purchase of smart wearable devices, technological advancements, increasing health consciousness among the masses, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global smart band market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Fitbit, Garmin, Jawbone, Samsung Electronics, Apple, Xiaomi, Lenovo, LG, Nike, Razer, and Sony, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global smart band market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global smart band market?
- What is the impact of each driver, restraint, and opportunity on the global smart band market?
- What are the key regional markets?
- Which countries represent the most attractive smart band market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the smart band market?
- What is the breakup of the market based on the operating system?
- Which is the most attractive operating system in the smart band market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the smart band market?
- What is the competitive structure of the global smart band market?
- Who are the key players/companies in the global smart band market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Band Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Sales Volume
- 5.2.2 Sales Value
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by Operating System
- 5.7 Market Breakup by Distribution Channel
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 5.9.1 Sales Volume
- 5.9.2 Sales Value
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.11.1 Overview
- 5.11.2 Research and Development
- 5.11.3 Raw Material Procurement
- 5.11.4 Manufacturing
- 5.11.5 Marketing
- 5.11.6 Distribution
- 5.11.7 End-Use
- 5.12 Porters Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
6 Market Breakup by Product Type
- 6.1 With Screen
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Without Screen
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Operating System
- 7.1 Android
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Windows
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 iOS
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Specialist Retailers
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Company Outlets
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Online
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Smart Band Manufacturing Process
- 10.1 Product Overview
- 10.2 Raw Material Requirements
- 10.3 Manufacturing Process
- 10.4 Key Success and Risk Factors
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 11.3 Profiles of Key Players
- 11.3.1 Fitbit
- 11.3.2 Garmin
- 11.3.3 Jawbone
- 11.3.4 Samsung Electronics
- 11.3.5 Apple
- 11.3.6 Xiaomi
- 11.3.7 Lenovo
- 11.3.8 LG
- 11.3.9 Nike
- 11.3.10 Razer
- 11.3.11 Sony
List of Figures
- Figure 1: Global: Smart Band Market: Major Drivers and Challenges
- Figure 2: Global: Smart Band Market: Sales Volume (in Million Units), 2017-2022
- Figure 3: Global: Smart Band Market: Sales Value (in Million US$), 2017-2022
- Figure 4: Global: Smart Band Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Smart Band Market: Breakup by Operating System (in %), 2022
- Figure 6: Global: Smart Band Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Smart Band Market: Breakup by Region (in %), 2022
- Figure 8: Global: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 9: Global: Smart Band Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Smart Band Industry: SWOT Analysis
- Figure 11: Global: Smart Band Industry: Value Chain Analysis
- Figure 12: Global: Smart Band Industry: Porter's Five Forces Analysis
- Figure 13: Global: Smart Band (With Screen) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 14: Global: Smart Band (With Screen) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 15: Global: Smart Band (Without Screen) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 16: Global: Smart Band (Without Screen) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 17: Global: Smart Band (Android) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 18: Global: Smart Band (Android) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 19: Global: Smart Band (Windows) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 20: Global: Smart Band (Windows) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 21: Global: Smart Band (iOS) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 22: Global: Smart Band (iOS) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 23: Global: Smart Band (Others) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 24: Global: Smart Band (Others) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 25: Global: Smart Band Market: Sales through Specialist Retailers (in Million Units), 2017 & 2022
- Figure 26: Global: Smart Band Market Forecast: Sales through Specialist Retailers (in Million Units), 2023-2028
- Figure 27: Global: Smart Band Market: Sales through Company Outlets (in Million Units), 2017 & 2022
- Figure 28: Global: Smart Band Market Forecast: Sales through Company Outlets (in Million Units), 2023-2028
- Figure 29: Global: Smart Band Market: Online Sales (in Million Units), 2017 & 2022
- Figure 30: Global: Smart Band Market Forecast: Online Sales (in Million Units), 2023-2028
- Figure 31: Global: Smart Band Market: Sales through Other Distribution Channels (in Million Units), 2017 & 2022
- Figure 32: Global: Smart Band Market Forecast: Sales through Other Distribution Channels (in Million Units), 2023-2028
- Figure 33: North America: Smart Band Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 34: North America: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 35: Asia Pacific: Smart Band Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 36: Asia Pacific: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 37: Europe: Smart Band Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 38: Europe: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 39: Middle East and Africa: Smart Band Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 40: Middle East and Africa: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 41: Latin America: Smart Band Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 42: Latin America: Smart Band Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 43: Smart Band Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Global: Smart Band Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Band Market Forecast: Breakup by Product Type (in Million Units), 2023-2028
- Table 3: Global: Smart Band Market Forecast: Breakup by Operating System (in Million Units), 2023-2028
- Table 4: Global: Smart Band Market Forecast: Breakup by Distribution Channel (in Million Units), 2023-2028
- Table 5: Global: Smart Band Market Forecast: Breakup by Region (in Million Units), 2023-2028
- Table 6: Smart Band: Raw Material Requirements
- Table 7: Global: Smart Band Market: Competitive Structure
- Table 8: Global: Smart Band Market: Key Players
