Wearable Tracking Devices Market Research Report- Forecast To 2027

Wearable Tracking Devices Market Share, Insights and Growth Analysis by Types (Wrist Wear, Fitness Bands, Foot Wear), Application (Healthcare, Consumer Electronics), Sales Channel (Online, And Offline), End-User (Sports Person, Patients) - Forecast Till 2027

ID: MRFR/MED/0400-HCR | February 2021 | Region: Global | 110 pages

Wearable Tracking Devices Market Scenario


The wearable tracking devices market is expected to grow during the forecast period. The wearable tracking devices allow the users to monitor their health and physical activity. These devices can be worn on body 24*7, and the device continuously records your vitals accurately like heart rate, quality of sleep, step count and others. The growing trend of wearable fitness tracking device among the young generation is the key factor for the market to grow. Furthermore, the increasing prevalence of cardiovascular diseases, rising obesity rates, the rise of fitness consciousness among the old population, increasing demand for sophisticated technology devices, and modernization of lifestyle fuel the market growth.


However, factors such as high costs of wearable tracking devices, security issues, and different devices give different results are some of the factors expected to hinder the market growth during the forecast period.


Segmentation


The wearable tracking devices market is segmented on the basis of types, application, sales channel, and end-user. The wearable tracking devices market, by type, is segmented into Wristwear, Footwear and other. The wristwear segment includes Fitness Bands and Smartwatch. The Application segment is segmented into Healthcare, Consumer electronics, and others.  Sales Channel segment consists of online and offline. On the basis of end-user, the market is categorized into Sportsperson, Patients, and Others. On the basis of region, the wearable tracking devices Market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.


The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.


Key players


Some of the key players for the wearable tracking devices Market are Adidas (Germany), Gramin Ltd (Switzerland),  Apple Inc (US), Pebble Technology Corp (US), Samsung Electronics Co Ltd (South Korea), Sony (Japan), Fitbit, Inc. (US), Google Inc. (US), Xiaomi Technology Co., Ltd. (China), Jawbone (US), Nike (US).


Regional Market Summary


 Wearable Tracking Devices Market Share


Wearable Tracking Devices Market Share (%), by Region, 2017


The wearable tracking devices market is dominated by North America owing to rising cardiovascular diseases in this region. According to the CDC in 2015, 366,000 people died due to heart disease.


 The presence of major market players such as Apple, Nike, and Jawbone in this region also influences the market growth.


It is estimated that Europe stood second in the wearable tracking devices market. The rising obesity in this region is driving the growth of the market. In the EU, 51.6 percent of people are overweight. Thus, this enhances the wearable tracking devices Market in this region.


The Asia Pacific will witness growth for the wearable tracking devices market owing to the trend of wearable fitness tracking device among the young generation. China, India, and Japan are key market players in this region and is expected to be the largest market for the wearable tracking devices. India has 60% of the young population below 35 years. Thus, this provides favorable backgrounds for the market to grow.


The Middle East and Africa holds the least share in the wearable tracking devices Market due to the presence of stringent government policies and poor economies.


Research Methodology


Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.



  • Primary Research


Extensive primary research was conducted to gain a deeper insight into the market and the industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.



  • Secondary Research


Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the wearable tracking devices market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organization of chemical manufacturers, some paid databases, and many others.


Intended Audience



  • Hospitals

  • Government and private laboratories

  • Research and Development (R&D) companies

  • Medical research laboratories

  • Market research and consulting service providers


Market Segmentation and Key Market Players


Wearable tracking devices Market, by Types



  • Wristwear

    • Fitness Bands

    • Smartwatch



  • Footwear

  • Others


Wearable tracking devices Market, by Application 



  • Healthcare

  • Consumer electronics

  • Others


Wearable tracking devices Market, by Sales Channel



  • Online

  • Offline


Wearable tracking devices Market, by End-User



  • Sportsperson

  • Patients

  • Others


wearable tracking devices Market, by Region



  • The Americas

  • Europe

  • Asia Pacific

  • The Middle East & Africa


wearable tracking devices Market, by Key Players



  • Adidas (Germany),

  • Gramin Ltd (Switzerland),  

  • Apple Inc (US),

  • Pebble Technology Corp (US),

  • Samsung Electronics Co Ltd (South Korea),

  • Sony (Japan),

  • Fitbit, Inc. (US),

  • Google Inc. (US),

  • Xiaomi Technology Co., Ltd. (China),

  • Jawbone (US),

  • Nike(US)



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2020-2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Types, Applications, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Adidas (Germany), Gramin Ltd (Switzerland), Apple Inc (US), Pebble Technology Corp (US), Samsung Electronics Co Ltd (South Korea), Sony (Japan), Fitbit, Inc. (US), Google Inc. (US), Xiaomi Technology Co., Ltd. (China), Jawbone (US), Nike (US).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increasing prevalence of cardiovascular diseases\r\n
  • Rising obesity rates, the rise of fitness consciousness among the old population
  • Increasing demand for sophisticated technology devices
  • Modernization of lifestyle

    		•


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    TABLE OF CONTENT

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    5.4 Pricing Analysis

    Chapter 6. Global Wearable tracking devices Market, by Type

    6.1 Introduction

    6.2 Wristwear

    6.2.1 Fitness Bands

    6.2.2 Smartwatch

    6.3 Footwear

    6.4 Others

    Chapter 7. Global Wearable tracking devices Market, by Application

    7.1 Introduction

    7.2 Healthcare

    7.3 Consumer electronics

    7.4 Others

    Chapter 8. Global Wearable tracking devices Market, by Sales Channel

    8.1 Introduction

    8.2 Online

    8.3 Offline

    Chapter 9. Global Wearable tracking devices Market, by End-User

    9.1 Introduction

    9.2 Sportsperson

    9.3 Patients

    9.4 Others

    Chapter 10. Global Wearable tracking devices Market, by Region

    10.1 Introduction

    10.2 America

    10.2.1 North America

    10.2.1.1 US

    10.2.1.2 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 Italy

    10.3.1.4 Spain

    10.3.1.5 UK

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 Republic of Korea

    10.4.6 Rest of Asia Pacific

    10.5 The Middle East & Africa

    10.5.1 United Arab Emirates

    10.5.2 Saudi Arabia

    10.5.3 Oman

    10.5.4 Kuwait

    10.5.5 Qatar

    10.5.6 Rest of the Middle East & Africa

    Chapter 11. Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    11.3.1 Key Developments

    Chapter 12 Company Profiles

    12.1 Adidas

    12.1.1 Company Overview

    12.1.2 Type Overview

    12.1.3 Financials

    12.2.4 Key Developments

    12.1.5 SWOT Analysis

    12.2 Gramin Ltd

    12.2.1 Company Overview

    12.2.2 Type Overview

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.3 Apple Inc

    12.3.1 Company Overview

    12.3.2 Type Overview

    12.3.3 Financial Overview

    12.3.4 Key Development

    12.3.5 SWOT Analysis

    12.4 Pebbel Technology Corp

    12.4.1 Company Overview

    12.4.2 Type/Business Segment Overview

    12.4.3 Financial Overview

    12.4.4 Key Development

    12.4.5 SWOT Analysis

    12.5 Samsung Electronics Co Ltd

    12.5.1 Company Overview

    12.5.2 Type Overview

    12.5.3 Financial overview

    12.5.4 Key Developments

    12.5.5 SWOT Analysis

    12.6 Sony

    12.6.1 Company Overview

    12.6.2 Type Overview

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.6.5 SWOT Analysis

    12.7 Fitbit, Inc.

    12.7.1 Overview

    12.7.2 Type Overview

    12.7.3 Financials

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.8 Google Inc.

    12.8.1 Overview

    12.8.2 Type Overview

    12.8.3 Financials

    12.8.4 Key Developments

    12.8.5 SWOT Analysis

    12.9 Xiaomi Technology Co., Ltd.

    12.9.1 Overview

    12.9.2 Type Overview

    12.9.3 Financials

    12.9.4 Key Developments

    12.9.5 SWOT Analysis

    12.10 Jawbone

    12.10.1 Overview

    12.10.2 Type Overview

    12.10.3 Financials

    12.10.4 Key Developments

    12.10.5 SWOT Analysis

    12.11 Nike

    12.12.1 Overview

    12.12.2 Type Overview

    12.12.3 Financials

    12.12.4 Key Developments

    12.12.5 SWOT Analysis

    12.12 Others

    Chapter 14 Appendix

    LIST OF TABLES

    Table 1 Global Wearable tracking devices Market Industry Synopsis, 2020-2027

    Table 2 Global Wearable tracking devices Market Estimates & Forecast, 2020-2027, (USD Million)

    Table 3 Global Wearable tracking devices Market, by Region, 2020-2027, (USD Million)

    Table 4 Global Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 5 Global Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 6 Global Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 8 Global Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 9 North America Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 10 North America Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 11 North America Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 13 North America Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 14 US Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 15 US Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 16 US Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 18 US Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 19 Canada Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 20 Canada Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 21 Canada Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 23 Canada Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 24 South America Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 25 South America Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 26 South America Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 28 South America Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 29 Europe Wearable tracking devices Market, Type, 2020-2027, (USD Million)

    Table 30 Europe Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 31 Europe Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 33 Europe Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 34 Western Europe Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 35 Western Europe Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 36 Western Europe Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 38 Western Europe Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 39 Eastern Europe Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 40 Eastern Europe Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 41 Eastern Europe Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 43 Eastern Europe Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 44 Asia Pacific Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 45 Asia Pacific Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 46 Asia Pacific Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 48 Asia Pacific Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    Table 49 The Middle East & Africa Wearable tracking devices Market, by Type, 2020-2027, (USD Million)

    Table 50 The Middle East & Africa Wearable tracking devices Market, by Sales Channel, 2020-2027, (USD Million)

    Table 51 The Middle East & Africa Wearable tracking devices Market, by Application, 2020-2027, (USD Million)

    Table 53 The Middle East & Africa Wearable tracking devices Market, by End-User, 2020-2027, (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Wearable tracking devices Market

    Figure 3 Market Dynamics for Global Wearable tracking devices Market

    Figure 4 Global Wearable tracking devices Market Share, by Type 2020

    Figure 6 Global Wearable tracking devices Market Share, by Sales Channel, 2020

    Figure 6 Global Wearable tracking devices Market Share, by Application, 2020

    Figure 6 Global Wearable tracking devices Market Share, by End-User, 2020

    Figure 7 Global Wearable tracking devices Market Share, by Region, 2020

    Figure 8 North America Wearable tracking devices Market Share, by Country, 2020

    Figure 9 Europe Wearable tracking devices Share, by Country, 2020

    Figure 10 Asia Pacific Wearable tracking devices Market Share, by Country, 2020

    Figure 11 The Middle East & Africa Wearable tracking devices Market Share, by Country, 2020

    Figure 12 Global Wearable tracking devices Market: Company Share Analysis, 2020 (%)

    Figure 13 Adidas: Key Financials

    Figure 14 Adidas: Segmental Revenue

    Figure 15 Adidas: Geographical Revenue

    Figure 16 Gramin Ltd: Key Financials

    Figure 17 Gramin Ltd: Segmental Revenue

    Figure 18 Gramin Ltd: Geographical Revenue

    Figure 19 Apple Inc: Key Financials

    Figure 20 Apple Inc: Segmental Revenue

    Figure 21 Apple Inc: Geographical Revenue

    Figure 22 Pebbel Technology Corp: Key Financials

    Figure 23 Pebbel Technology Corp: Segmental Revenue

    Figure 24 Pebbel Technology Corp: Geographical Revenue

    Figure 25 Samsung Electronics Co Ltd: Key Financials

    Figure 26 Samsung Electronics Co Ltd: Segmental Revenue

    Figure 27 Samsung Electronics Co Ltd: Geographical Revenue

    Figure 28 Fitbit, Inc.: Key Financials

    Figure 29 Fitbit, Inc.: Segmental Revenue

    Figure 30 Fitbit, Inc.: Geographical Revenue

    Figure 31 Google Inc.: Key Financials

    Figure 32 Google Inc.: Segmental Revenue

    Figure 33 Google Inc.: Geographical Revenue

    Figure 34 Xiaomi Technology Co., Ltd.: Key Financials

    Figure 35 Xiaomi Technology Co., Ltd.: Segmental Revenue

    Figure 36 Xiaomi Technology Co., Ltd.: Geographical Revenue

    Figure 37 Jawbone: Key Financials

    Figure 38 Jawbone: Segmental Revenue

    Figure 39 Jawbone: Geographical Revenue

    Figure 40 Nike: Key Financials

    Figure 41 Nike: Segmental Revenue

    Figure 42 Nike: Geographical Revenue