Research Reports
Smart Fitness Market Huge Growth Opportunity between 2021-2031
Smart Fitness Market Huge Growth Opportunity between 2021-2031
Published by Uma Rajagopal
Posted on January 19, 2022
Global Banking and Finance Review
Company
Published by Uma Rajagopal
Posted on January 19, 2022
According to the smart fitness industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 12% from 2021-2031.
The report also forecasts that the market will surpass a valuation of ~US$ 15 Bn by the end of 2021. As per FMI, innovations in wearable sensing technologies and launch of pocket-friendly wearable fitness trackers for health monitoring and addressing health issues will remain chief growth drivers.
In the past few years, the rising popularity of wearable fitness trackers has encouraged manufacturers to focus on developing the new designs and patterns not only in form of bands and watches but also in the shape of rings, pendants, and badges that can be easily carried or attached to apparel.
Moreover, the changing consumer electronics consumption trends and increasing penetration of smartphones are creating impressive growth opportunities for smart fitness product vendors.
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-36
Key Takeaways: Smart Fitness Market
“Smart fitness brands are developing innovative products, integrated with wireless ECG component, data-driven analytics, and 5G technology to allow these devices send and get analytics in real-time. Pace of innovations is expected to increase in the smart fitness market, giving tailwinds to sales globally” says FMI analyst.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-36
More Valuable Insights on Smart Fitness Market
Demand for Wearable Devices is Bolstering the Market Growth
The demand for wearable devices such as smart bands, smart watches, activity trackers integrated with AI capabilities is increasing as these devices help in detecting irregularities in health data and give early warnings for condition like heart disease or diabetes. AI-enabled wearable devices are gaining traction as they help in monitoring the health and give alerts about movements, incorrect posture, and other vital health factors.
Wearable device provides fitness, sleep, and recovery data to help an individual adopt a healthy lifestyle. Many smart watch vendors are adding blood oxygen sensors in their device as standard, ECG monitors, and other functionalities to provide warnings or early signs of potential ailment and make suggestions about improvement in health.
Connected Fitness to Boost Smart Fitness Market
From the connectivity of fitness trackers with smart home technology to all-in-one connected fitness gadgets, the concept of connected fitness is gradually carving a niche. Digitally enabled smart fitness devices ease the process of fitness monitoring, thereby providing improved fitness tracking. This is expected to boost the growth of the smart fitness devices market.
Who is Winning?
With the increasing use of smart fitness devices, manufacturers are aiming at innovations and new product developments to gain competitive edge. Smart fitness market is therefore transforming in tandem with evolving technologies and the adoption of smart gadgets.
For example, the introduction of the revolutionary smart mirrors in the smart fitness industry raised the bar of advancements. Offering an all-new way of doing daily workouts, the smart mirrors transformed how smart fitness devices were looked at. With technological advancements in the smart fitness device market, the rate of growth is expected to increase in the coming years.
Some of the leading companies operating in the market are Fitbit Incorporation, Pebble Inc, Adidas, Samsung Electronics, Shanda Group, Sony Corporation, Nike Inc, Xiaomi Inc, Garmin International Inc, Jawbone, among others.
Buy this Report@ https://www.futuremarketinsights.com/checkout/36
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
According to the smart fitness industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 12% from 2021-2031.
The report also forecasts that the market will surpass a valuation of ~US$ 15 Bn by the end of 2021. As per FMI, innovations in wearable sensing technologies and launch of pocket-friendly wearable fitness trackers for health monitoring and addressing health issues will remain chief growth drivers.
In the past few years, the rising popularity of wearable fitness trackers has encouraged manufacturers to focus on developing the new designs and patterns not only in form of bands and watches but also in the shape of rings, pendants, and badges that can be easily carried or attached to apparel.
Moreover, the changing consumer electronics consumption trends and increasing penetration of smartphones are creating impressive growth opportunities for smart fitness product vendors.
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-36
Key Takeaways: Smart Fitness Market
“Smart fitness brands are developing innovative products, integrated with wireless ECG component, data-driven analytics, and 5G technology to allow these devices send and get analytics in real-time. Pace of innovations is expected to increase in the smart fitness market, giving tailwinds to sales globally” says FMI analyst.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-36
More Valuable Insights on Smart Fitness Market
Demand for Wearable Devices is Bolstering the Market Growth
The demand for wearable devices such as smart bands, smart watches, activity trackers integrated with AI capabilities is increasing as these devices help in detecting irregularities in health data and give early warnings for condition like heart disease or diabetes. AI-enabled wearable devices are gaining traction as they help in monitoring the health and give alerts about movements, incorrect posture, and other vital health factors.
Wearable device provides fitness, sleep, and recovery data to help an individual adopt a healthy lifestyle. Many smart watch vendors are adding blood oxygen sensors in their device as standard, ECG monitors, and other functionalities to provide warnings or early signs of potential ailment and make suggestions about improvement in health.
Connected Fitness to Boost Smart Fitness Market
From the connectivity of fitness trackers with smart home technology to all-in-one connected fitness gadgets, the concept of connected fitness is gradually carving a niche. Digitally enabled smart fitness devices ease the process of fitness monitoring, thereby providing improved fitness tracking. This is expected to boost the growth of the smart fitness devices market.
Who is Winning?
With the increasing use of smart fitness devices, manufacturers are aiming at innovations and new product developments to gain competitive edge. Smart fitness market is therefore transforming in tandem with evolving technologies and the adoption of smart gadgets.
For example, the introduction of the revolutionary smart mirrors in the smart fitness industry raised the bar of advancements. Offering an all-new way of doing daily workouts, the smart mirrors transformed how smart fitness devices were looked at. With technological advancements in the smart fitness device market, the rate of growth is expected to increase in the coming years.
Some of the leading companies operating in the market are Fitbit Incorporation, Pebble Inc, Adidas, Samsung Electronics, Shanda Group, Sony Corporation, Nike Inc, Xiaomi Inc, Garmin International Inc, Jawbone, among others.
Buy this Report@ https://www.futuremarketinsights.com/checkout/36
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
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