Global Market for Smart Wearables for Sports and Fitness to Reach US$15 bn by 2021

Published Date : May 16, 2016

ALBANY, New York, May 16, 2016 – has announced the addition of a new study, titled “Smart Wearables For Sports And Fitness: Market Shares, Market Strategies, And Market Forecasts, 2015 To 2021.”  The report presents a comprehensive reports of the global market for smart wearables utilized for sports and fitness.

The report provides an analytical assessment of this market, taking its historical and its current performance in consideration. The major trends in this market and their impacts have also been evaluated to determine the future performance of the global smart wearables market in this report.

According to the research study, the global market for smart wearables utilized for sports and fitness is expected to increase from a total value of US$3.5 bn in 2014 to an estimated value of US$15.0 bn by the end of 2021.

The 565-page research report, together with 5 tables and 5 figures, projects the future prospects of the global market for smart wearables utilized for sports and fitness during the period from 2015 to 2021. It also analyzes the market on the basis of various segments based on product, application, and the market’s regional distribution.

The research report states that the global market for smart wearables is rising at a moderate pace. The market in the near future is expected to gain momentum from the fast pace of innovation and technological advancements. Technical innovations and advancements in smart wearables, leading to the introduction of new products, are likely to boost this market significantly over the forecast period.

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Further, the study presents insights into the challenges faced by the worldwide market for smart wearables used for sports and fitness. According to it, the high cost associated with smart wearables, low battery backup, wash-ability of these wearables, and the lack of awareness among people regarding the benefits these wearables offer are the major restraining factors, limiting the growth of this market.

The report also evaluates the competitive landscape prevailing in the global market smart wearables by analyzing the profiles of major market participants. As per the study, Garmin, Stats, Performance Sports Group, Apple, Pebble, StretchSense, Samsung, Catapult, Zepp, Sony, Adidas, Nike, Babolat, and Reebok are the leading producers of smart sports and fitness wearables in the global market.

Other major international manufacturers mention in this research report are Diamond Kinetics, GoPro, FlexTech Alliance, iHealth, Crossmatch, Blast Motion, Epson, LifeTrak, Huawei, Lumo, Basis, Stonecrysus, Pivotal, Motus, Speedo, Misfit, Xensr, MioGlobal, StretchSense, Xiaomi, and LG.

The study is aimed at presenting an unbiased assessment of the global market for smart wearables used for sports and fitness to stakeholders in order to help them to gain a clear understanding of this market and assist them in further expansion of their businesses.

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