|
(Wireless-NewsWire.Com, June 08, 2017 ) Publisher's research analyst predicts the global smart band market to grow steadily at a CAGR of around 8% during the forecast period. The high demand for wearable lifestyle devices is the key growth driver for this market. Consumers use smartwatches, smart bands, and wearable rings to monitor daily fitness and health activities, listen to music, check virtual/3D videos, play virtual games, and access social networking websites such as Facebook, LinkedIn, and Twitter. The popularity of these devices is highest among the younger population, especially in the US.
For more information at http://www.reportsweb.com/global-smart-band-market-2016-2020
The strategic partnership among supply chain members is an emerging trend in the smart band market. In recent years, smart band manufacturers have increased their relationships with industry players worldwide. For instance, during 2015, HTC partnered with Under Armour to develop the Grip smart band.
Geographical segmentation and analysis of the smart band market
- Americas
- APAC
- EMEA
The Americas accounted for 65% of the market share during 2015 and is expected to retain its market leadership until the end of the forecast period. Its dominance was due to the presence of tech-savvy consumers with greater awareness of technologically advanced products such as smart bands. Fitbit, Garmin, and Jawbone; which are among the top five leading vendors in the market are also based out of the US.
Competitive landscape and key vendors
Request Sample Copy: dhttp://www.reportsweb.com/inquiry&RW0001202199/sample
The global smart band market is characterized by intense competition due to the presence of multiple small and large vendors. Publisher predicts uncertain market growth for all vendors in 2016. Although large vendors such as Fitbit, Jawbone, and Samsung already have an established presence in the market, yet small vendors from APAC such as Xiaomi is taking over due to the low cost of manufacturing in the APAC region.
The leading vendors in the market are -
- Fitbit
- Garmin
- Jawbone
- Samsung Electronics
- Xiaomi
The other prominent vendors in the market include Lenovo, LG, Nike, Razer, and Sony.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001202199/buying
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
|
