Some of the key vendors operating in the
global Wearable Fitness Technology market includes Adidas (Germany),
Apple, Inc. (The U.S.), Fitbit, Inc. (U.S.), Google, Inc. (The U.S.), LG
Electronics Inc. (South Korea), Samsung Electronics Co., Ltd (South
Korea), Xiaomi Technology Co., Ltd (China) and many more.
Wearable fitness technology concerns any
kind of electronic product that have been designed to be worn by the
person so that it can keep a track of its footsteps, heartbeat so that
one can keep himself fit and fine and also give a real time information
about the health of the overall body. The global Wearable Fitness
Technology market is anticipated to witness a robust growth rate during
the forecast period from 2017 to 2025 owing to the rise in disposable
income in the developing economies that have led to the awareness about
fitness among the common people
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The global Wearable Fitness Technology
market is expected to witness a progressive growth in the coming years
due to the increasing consumer preferences regarding Wearable Fitness
Technology. This wearable fitness help the consumer to track their
footsteps and also display the notification of smartphone. In addition
the growing awareness of chronic diseases and obesity have led to the
adoption of such wearable devices so that it can give real time
information about the overall health of the body. These wearables can
provide information like, cholesterol levels, blood pressure, calorie
intake and also other information that is required by the body for day
to day activities.
However, the high initial cost and the
limited battery life of the wearable devices is predicted to inhibit its
adoption rate to some extent in the coming eight years. In spite of
this challenges the increasing demand for connected devices have
accelerated the growth of this market.
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For the purpose of providing detailed
research report, the global Wearable Fitness Technology market is
segmented on the basis of product type, component, technology, end use
and geography. On the basis of product type the market is segmented into
wrist wear, body wear, neck wear, eye wear and others. Among the
different product types of wearable technology available in the market,
the wrist wear is expected to grow at a higher rate owing to its
facilities to track the footsteps, heartbeats and manage smartphone
notification as compared to the other product types. On the other hand,
based on component, the market has been classified into display,
processor, memory chip, power management components, sensors and others.
The display holds the largest market share compared to the other
components due to the fact that day by day display technology is
evolving like haptic touch/tactile, active matrix organic light emitting
diode (AMOLED), organic light emitting diode(OLED). Thus it is one of
the most expensive part of wearable device On the basis of technology
the market has been classified into display technology, computing
technology, positioning technology, sensor technologies and others.
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