Wearable Fitness Technology Market Size, Share, Analysis Report

Wearable Fitness Technology Market Size By Component (User Interface Components, Sensors, Mechanical Components, Display, Processor, Memory Chip, Power Management Components, Networking Components), By Technology (Positioning Technologies , Sensor Technologies , Computing Technologies , Display Technlogies , Networking Technologies , Speech Recognition Technologies), By Product (Smart Shirt/Jacket, Headband/Smartcap, Smartwatch, Wristband , Smartshoe), By Product Category (Headwear, Handwear, Torsowear, Legwear), Others), By Software and Services (Services, Software), By Activity Tracking (Calories, Heart Rate, Sleep, Steps), Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The wearable fitness technology market is expected to be around US$ 20.50 billion by 2028 at a CAGR of 13.5%

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MARKET SNAPSHOT

Major Players

  • Nike Inc
  • Jawbone Inc
  • Qualcomm Inc
  • Sony Corp
  • Pebble Technology Corp
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    13

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Wearable fitness technology is computer operated technology which will be worn by a consumer and sometimes contain tracking information associated with health and fitness. This is often a category of devices that are used alongside smartphones for monitoring various health activities on day to day basis to watch pulse, vital sign, daily movement and lots of other health and fitness related tasks. Globally increasing fitness consciousness and increasing life style related health issues are driving demand for such devices. This wearable fitness helps the buyer to trace their footsteps and also display the notification of smartphone. Furthermore, the rising awareness of chronic diseases and obesity have led to the adoption of such wearable devices in order that it can give real time information about the general health of the body. These wearables can deliver information like, cholesterol levels, vital sign, calorie intake and also other information that’s essential by the body for day to day activities.

    The wearable fitness technology market is expected to be around US$ 20.50 billion by 2028 at a CAGR of 13.5% 

    The global Wearable Fitness Technology market is segregated on the basis of Component as User Interface Components, Sensors, Mechanical Components, Display, Processor, Memory Chip, Power Management Components, Networking Components, and Others. Based on Technology the global Wearable Fitness Technology market is segmented in Positioning Technologies, Sensor Technologies, Computing Technologies, Display Technlogies, Networking Technologies, and Speech Recognition Technologies. Based on Product the global Wearable Fitness Technology market is segmented in Smart Shirt/Jacket, Headband/Smartcap, Smartwatch, Wristband, Smartshoe, and Others.

    Based on Product Category, the global Wearable Fitness Technology market is segmented in Headwear, Handwear, Torsowear, Legwear, and Others. The report also bifurcates the global Wearable Fitness Technology market based on Software and Services in Services and Software. The report also bifurcates the global Wearable Fitness Technology the global Activity Tracking market is segmented in Calories, Heart Rate, Sleep, Steps, and Others.

    The global Wearable Fitness Technology market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Wearable Fitness Technology market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Nike Inc, Qualcomm Inc, Sony Corp, Jawbone Inc, Pebble Technology Corp, Fitbit Inc, Apple Inc, Xiaomi Technology Co. Ltd, Garmin Ltd, Samsung Electronics Co. Ltd, and others are among the major players in the global Wearable Fitness Technology market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Wearable Fitness Technology Market has been segmented as below:

    Wearable Fitness Technology Market, By Component

    • User Interface Components
    • Sensors
    • Mechanical Components
    • Display
    • Processor
    • Memory Chip
    • Power Management Components
    • Networking Components
    • Others

    Wearable Fitness Technology Market, By Technology

    • Positioning Technologies
    • Sensor Technologies
    • Computing Technologies
    • Display Technlogies
    • Networking Technologies
    • Speech Recognition Technologies

    Wearable Fitness Technology Market, By Product

    • Smart Shirt/Jacket
    • Headband/Smartcap
    • Smartwatch
    • Wristband
    • Smartshoe
    • Others

    Wearable Fitness Technology Market, By Product Category

    • Headwear
    • Handwear
    • Torsowear
    • Legwear
    • Others

    Wearable Fitness Technology Market, By Software and Services

    • Services
    • Personal Coach
    • Cloud Computing and Data Analytics
    • Others
    • Software
    • Operating System
    • Android Wear OS
    • Tizen for Wearable
    • Pebble OS
    • Webos
    • Watchos
    • Linkit OS
    • Others
    • Application

    Wearable Fitness Technology Market, By Activity Tracking

    • Calories
    • Heart Rate
    • Sleep
    • Steps
    • Others

    Wearable Fitness Technology Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Wearable Fitness Technology Market, By Company

    • Nike Inc
    • Qualcomm Inc
    • Sony Corp
    • Jawbone Inc
    • Pebble Technology Corp
    • Fitbit Inc
    • Apple Inc
    • Xiaomi Technology Co. Ltd
    • Garmin Ltd
    • Samsung Electronics Co. Ltd

    The report covers:

    • Global Wearable Fitness Technology market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Wearable Fitness Technology market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Wearable Fitness Technology market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Wearable Fitness Technology market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Wearable Fitness Technology market share. Major industry players with significant revenue share include Nike Inc, Qualcomm Inc, Sony Corp, Jawbone Inc, Pebble Technology Corp, Fitbit Inc, Apple Inc, Xiaomi Technology Co. Ltd, Garmin Ltd, Samsung Electronics Co. Ltd, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Wearable Fitness Technology industry trends
    • Find complete analysis on the market status
    • Identify the Wearable Fitness Technology market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent Developments in Wearable Fitness Technology market are as follows:

    Nike Inc

    • July 07, 2020 – The club’s 2020-21 away kit effortlessly blends an aura of traditional London tailoring with the energy and colors of today’s SW6.
    • July 14, 2020 – Jordan Brand’s Crater group gives Move to Zero, NIKE, Inc.’s journey to a zero carbon and 0 waste future, an unmistakable Jordan identity.

    Apple

    • June 22, 2020 – Apple declared it will transition the Mac to its world-class custom silicon to deliver industry-leading performance and powerful new technologies.
    • June 22, 2020- Apple announces macOS Big Sur with a beautiful new design

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    1. Introduction

        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology

        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview

        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Wearable Fitness Technology Market, By Component

        5.1 Introduction
        5.2 User Interface Components
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Sensors
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Mechanical Components
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
        5.5 Display
            5.5.1 Market Overview
            5.5.2 Market Size and Forecast
        5.6 Processor
            5.6.1 Market Overview
            5.6.2 Market Size and Forecast
        5.7 Memory Chip
            5.7.1 Market Overview
            5.7.2 Market Size and Forecast
        5.8 Power Management Components
            5.8.1 Market Overview
            5.8.2 Market Size and Forecast
        5.9 Networking Components
            5.9.1 Market Overview
            5.9.2 Market Size and Forecast
        5.10 Others
            5.10.1 Market Overview
            5.10.2 Market Size and Forecast

    6. Wearable Fitness Technology Market, By Technology

        6.1 Introduction
        6.2 Positioning Technologies
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Sensor Technologies
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 Computing Technologies
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
        6.5 Display Technlogies
            6.5.1 Market Overview
            6.5.2 Market Size and Forecast
        6.6 Networking Technologies
            6.6.1 Market Overview
            6.6.2 Market Size and Forecast
        6.7 Speech Recognition Technologies
            6.7.1 Market Overview
            6.7.2 Market Size and Forecast

    7. Wearable Fitness Technology Market, By Product

        7.1 Introduction
        7.2 Smart Shirt/Jacket
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Headband/Smartcap
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Smartwatch
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
        7.5 Wristband
            7.5.1 Market Overview
            7.5.2 Market Size and Forecast
        7.6 Smartshoe
            7.6.1 Market Overview
            7.6.2 Market Size and Forecast
        7.7 Others
            7.7.1 Market Overview
            7.7.2 Market Size and Forecast

    8. Wearable Fitness Technology Market, By Product Category

        8.1 Introduction
        8.2 Headwear
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Handwear
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Torsowear
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast
        8.5 Legwear
            8.5.1 Market Overview
            8.5.2 Market Size and Forecast
        8.6 Others
            8.6.1 Market Overview
            8.6.2 Market Size and Forecast

    9. Wearable Fitness Technology Market, By Software and Services

        9.1 Introduction
        9.2 Services
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Software
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast

    10. Wearable Fitness Technology Market, By Activity Tracking

        10.1 Introduction
        10.2 Calories
            10.2.1 Market Overview
            10.2.2 Market Size and Forecast
        10.3 Heart Rate
            10.3.1 Market Overview
            10.3.2 Market Size and Forecast
        10.4 Sleep
            10.4.1 Market Overview
            10.4.2 Market Size and Forecast
        10.5 Steps
            10.5.1 Market Overview
            10.5.2 Market Size and Forecast
        10.6 Others
            10.6.1 Market Overview
            10.6.2 Market Size and Forecast

    11. Wearable Fitness Technology Market, By Geography

        11.1 Introduction
        11.2 North America
            11.2.1 North America Wearable Fitness Technology, By Component
            11.2.2 North America Wearable Fitness Technology, By Technology
            11.2.3 North America Wearable Fitness Technology, By Product
            11.2.4 North America Wearable Fitness Technology, By Product Category
            11.2.5 North America Wearable Fitness Technology, By Software and Services
            11.2.6 North America Wearable Fitness Technology, By Activity Tracking
        11.3 Europe
            11.3.1 Europe Wearable Fitness Technology, By Component
            11.3.2 Europe Wearable Fitness Technology, By Technology
            11.3.3 Europe Wearable Fitness Technology, By Product
            11.3.4 Europe Wearable Fitness Technology, By Product Category
            11.3.5 Europe Wearable Fitness Technology, By Software and Services
            11.3.6 Europe Wearable Fitness Technology, By Activity Tracking
        11.4 Asia-Pacific
            11.4.1 Asia-Pacific Wearable Fitness Technology, By Component
            11.4.2 Asia-Pacific Wearable Fitness Technology, By Technology
            11.4.3 Asia-Pacific Wearable Fitness Technology, By Product
            11.4.4 Asia-Pacific Wearable Fitness Technology, By Product Category
            11.4.5 Asia-Pacific Wearable Fitness Technology, By Software and Services
            11.4.6 Asia-Pacific Wearable Fitness Technology, By Activity Tracking
        11.5 Rest of the World
            11.5.1 Rest of the World Wearable Fitness Technology, By Component
            11.5.2 Rest of the World Wearable Fitness Technology, By Technology
            11.5.3 Rest of the World Wearable Fitness Technology, By Product
            11.5.4 Rest of the World Wearable Fitness Technology, By Product Category
            11.5.5 Rest of the World Wearable Fitness Technology, By Software and Services
            11.5.6 Rest of the World Wearable Fitness Technology, By Activity Tracking

    12. Competitive Insights

        12.1 Key Insights
        12.2 Company Market Share Analysis
        12.3 Strategic Outlook
            12.3.1 Mergers & Acquisitions
            12.3.2 New Product Development
            12.3.3 Portfolio/Production Capacity Expansions
            12.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            12.3.5 Others

    13. Company Profiles

        13.1 Nike Inc
            13.1.1 Company Overview
            13.1.2 Product/Service Landscape
            13.1.3 Financial Overview
            13.1.4 Recent Developments
        13.2 Qualcomm Inc
            13.2.1 Company Overview
            13.2.2 Product/Service Landscape
            13.2.3 Financial Overview
            13.2.4 Recent Developments
        13.3 Sony Corp
            13.3.1 Company Overview
            13.3.2 Product/Service Landscape
            13.3.3 Financial Overview
            13.3.4 Recent Developments
        13.4 Jawbone Inc
            13.4.1 Company Overview
            13.4.2 Product/Service Landscape
            13.4.3 Financial Overview
            13.4.4 Recent Developments
        13.5 Pebble Technology Corp
            13.5.1 Company Overview
            13.5.2 Product/Service Landscape
            13.5.3 Financial Overview
            13.5.4 Recent Developments
        13.6 Fitbit Inc
            13.6.1 Company Overview
            13.6.2 Product/Service Landscape
            13.6.3 Financial Overview
            13.6.4 Recent Developments
        13.7 Apple Inc
            13.7.1 Company Overview
            13.7.2 Product/Service Landscape
            13.7.3 Financial Overview
            13.7.4 Recent Developments
        13.8 Xiaomi Technology Co. Ltd
            13.8.1 Company Overview
            13.8.2 Product/Service Landscape
            13.8.3 Financial Overview
            13.8.4 Recent Developments
        13.9 Garmin Ltd
            13.9.1 Company Overview
            13.9.2 Product/Service Landscape
            13.9.3 Financial Overview
            13.9.4 Recent Developments
        13.10 Samsung Electronics Co. Ltd
            13.10.1 Company Overview
            13.10.2 Product/Service Landscape
            13.10.3 Financial Overview
            13.10.4 Recent Developments
               13.11 Adidas AG
                           13.11.1 Company Overview
            13.11.2 Product/Service Landscape
            13.11.3 Financial Overview
            13.11.4 Recent Developments
                  13.12 LG Electronics Inc
                            13.12.1 Company Overview
            13.12.2 Product/Service Landscape
            13.12.3 Financial Overview
            13.12.4 Recent Developments

    The Wearable Fitness Technology Market has been segmented as below:

    Wearable Fitness Technology Market, By Component

    • User Interface Components
    • Sensors
    • Mechanical Components
    • Display
    • Processor
    • Memory Chip
    • Power Management Components
    • Networking Components
    • Others

    Wearable Fitness Technology Market, By Technology

    • Positioning Technologies
    • Sensor Technologies
    • Computing Technologies
    • Display Technlogies
    • Networking Technologies
    • Speech Recognition Technologies

    Wearable Fitness Technology Market, By Product

    • Smart Shirt/Jacket
    • Headband/Smartcap
    • Smartwatch
    • Wristband
    • Smartshoe
    • Others

    Wearable Fitness Technology Market, By Product Category

    • Headwear
    • Handwear
    • Torsowear
    • Legwear
    • Others

    Wearable Fitness Technology Market, By Software and Services

    • Services
    • Personal Coach
    • Cloud Computing and Data Analytics
    • Others
    • Software
    • Operating System
    • Android Wear OS
    • Tizen for Wearable
    • Pebble OS
    • Webos
    • Watchos
    • Linkit OS
    • Others
    • Application

    Wearable Fitness Technology Market, By Activity Tracking

    • Calories
    • Heart Rate
    • Sleep
    • Steps
    • Others

    Wearable Fitness Technology Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Wearable Fitness Technology Market, By Company

    • Nike Inc
    • Qualcomm Inc
    • Sony Corp
    • Jawbone Inc
    • Pebble Technology Corp
    • Fitbit Inc
    • Apple Inc
    • Xiaomi Technology Co. Ltd
    • Garmin Ltd
    • Samsung Electronics Co. Ltd

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    The market is expected to grow at a CAGR of 13.5% during the study period (2023-2028)
    The wearable fitness technology market is expected to be around US$ 20.50 billion by 2028.
    The segment included in the wearable fitness technology market is Component, Technology, Product, Product Category, Software and Services, Activity Tracking, Company and region.
    Some key players operating in the wearable fitness technology market include Nike Inc, Qualcomm Inc, Sony Corp, Jawbone Inc, Pebble Technology Corp, Fitbit Inc, Apple Inc, Xiaomi Technology Co. Ltd, Garmin Ltd, Samsung Electronics Co. Ltd,
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