The analysts forecast the global smart wearable fitness and sports devices and services market to grow at a CAGR of 25.22% and 38.35% respectively during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global smart wearable fitness and sports devices and services market for 2016-2020. To calculate the market size, the report considers the smart wearable fitness and sports devices and generated by telecommunication operators in the smart wearable services market.
Use of augmented reality technology will be a key trend for market growth. The augmented reality technology has taken smart wearable devices to a new level by allowing users to view the real, physical environment live, directly, or indirectly by means of computer-generated sensors.
This technology projects images in high resolution and allows users to manipulate 3D objects. Sportspersons can use augmented reality technology to monitor and analyze their game. They can decide their fitness activities based on the performance results obtained. The use of augmented reality technology in smart wearable devices is an emerging trend that is likely to drive the growth of the smart wearable fitness and sports devices and services market during the forecast period.
According to the report, growing emphasis on healthy lifestyle will be a key driver for market growth. The increased health awareness among people is reflected in the rapid growth in the demand for hygienic and nutritious food, gym memberships, and diet programs, and in the use of mobile health applications.
The rise of obesity and related health disorders like diabetes, joint problems, high blood pressure, high cholesterol, cancer, gall bladder problems, breathing difficulties, and coronary artery diseases have led to an increased need for the adoption of a healthy lifestyle. People are using various connected wearable health and fitness devices like fitness bands and sports equipment to track and control their health to reduce the risk of diseases.
Further, the report states that high power consumption of devices will be a challenge for the market. Most of the wearable sports and fitness devices function on GPS, wireless networks, and M2M (machine-to-machine) technology. The battery life of the fitness devices is very low because the power consumption of the technologies used in these devices is very high.
This high power consumption starkly affects the duration of usage. The lifespan of Google Glass battery, for instance, is 4-8 hours while in intensive usage. Therefore, high power consumption coupled with low battery life will reduce the demand for smart wearable devices.
Other prominent vendors
- 270 Vision
- 4iiii Innovations
- Bia Sport
- BTS Bioengineering
- Carre Technologies
- Cool Shirt Systems
- Dreamtrap Commercials
- Epson America
- Free Wavz
- Gesture Logic
- Ki Life Solutions
- Suunto Ambit
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis (Products)
Part 15: Key vendor analysis: Services
For more information about this report visit http://www.researchandmarkets.com/research/mrxxkz/global_smart
Related Topics: Wearable Technology, Consumer Services
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SOURCE Research and Markets