Albany, NY -- (SBWire) -- 08/30/2017 --The smartwatches are multifunctional, and will hence gain popularity among consumers during the forecast period. Fitbit, a provider of fitness products, is one of the leading vendors in the global fitness band market. As a result of the growing popularity of smartwatches, wristband manufacturers across the globe are focusing on increasing the application areas so as to compete with other smartwatches and gain market share. For instance, some of the applications of wristbands, apart from fitness tracking, include mobile payments, secure access, safety, health, and wellness.
The global wrist wearable market to grow at a CAGR of 10.94% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global wrist wearable market for 2016-2020. To calculate the market size, the report considers the unit shipment of smartwatches and fitness bands.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Wrist Wearable Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Browse more details at: http://www.researchmoz.us/global-wrist-wearable-market-2016-2020-report.html
Key vendors
- Apple
- Fitbit
- Garmin
- Jawbone
- Lenovo
- Samsung Electronics
- Xiaomi
Other prominent vendors
- Adidas
- Amiigo
- Asus
- Atlas Wearables
- Baidu
- BBK
- Fitbug
- Flyfit
- Fossil
- Goqii
- Healbe
- iFit
- Jaybird
- LG
- Martian
- Misfit
- Mota
- Movable
- Mushroom Labs
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Wrist Wearable Market to Grow at a CAGR of 10.94% During 2016-2020 - Apple, Fitbit, Garmin, Jawbone, Lenovo, Samsung, Xiaomi