Wearable Fitness Trackers Market Size is projected to reach USD 192 Billion by 2030, growing at a CAGR of – Benzinga

New York, United States, July 26, 2022 (GLOBE NEWSWIRE) — Individuals can use a wearable fitness tracker to track their fitness statistics over time and share it with other fitness enthusiasts by connecting it to their smartphone or the internet. Depending on the user's requirements, a wearable fitness tracker may have several activity trackers. These trackers include goal-setting, sleep tracking, activity tracking, calorie tracking, heart monitoring, and step counting.
It is estimated that the wearable fitness trackers market would experience considerable expansion. The need for wearable fitness trackers is expanding due to rising health monitoring gadget demand and public awareness of the value of leading a healthy lifestyle. It's well-liked by users due to the availability of sophisticated tracking methods.

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Rising Health Awareness among the Consumers Spurs the Global Wearable Fitness Trackers Market
The wearable fitness tracker is an emerging technology that is being widely used. Many global players are now in the race to manufacture highly advanced fitness trackers to dominate the market. These players integrate advanced features in their products, such as IoT, artificial intelligence, and wireless connectivity. Wearable fitness trackers are widely used to promote health monitoring awareness among consumers. These watches offer various health benefits such as heart rate tracking, sleep monitoring, steps monitoring, and pulse tracking.
The market is expanding due to increased investment in strategies for creating innovative technologies to help advance healthcare and fitness. Wearable fitness trackers make it simple to monitor and keep tabs on daily fitness activities, including steps done, calories burned, distance traveled, and others. The wearable fitness trackers can easily be connected to a smartphone via Bluetooth or wireless networking. Therefore, the increase in demand for wireless sports and fitness equipment is a crucial factor supporting the global market's expansion.
Growing Investments Create New Market Opportunities for Wearable Fitness Trackers
The main factors driving demand for wearable fitness trackers are the rise in data reliance among users and the rise in interest in linked and smart systems. These discreet fitness monitors may be worn to answer calls, receive text messages, listen to music, play games, and more. The smartphone makes it simple to access the mobile phone. In the future, its connectivity with many other gadgets will lead to ecosystem development. By 2050, 68% of the world's population, according to the UN, is expected to live in cities. Additionally, a rapid increase in IoT spending overall is anticipated in Asia-Pacific. For instance, to create a national IoT ecosystem, the South Korean government agreed to invest USD 350 million in over 300 potential businesses predicted to be globally competitive in the next four years.

Report Scope
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Regional Insights
North America holds the highest market share and is estimated to grow at a CAGR of 15.5% during the forecast period. The global wearable fitness trackers market in North America is maturing. North America is anticipated to have a leading position in the wearable fitness trackers market globally due to the availability of cutting-edge technology in the region and significant players functioning in the industry. The US is a very lucrative market for wearable fitness trackers because it is home to businesses like Apple, Fitbit Versa, Garmin, and Fossil Group.
Asia-Pacific is the second-largest and fastest-growing region. Growing at a CAGR of 19.5%, it is predicted to be worth USD 60 billion by 2030. The wide range of products offered by the companies, covering a variety of price points, aids in the establishment of a stable customer base throughout Asia. Smartwatches and smart bands shape the markets for wearable fitness trackers in China and India. Apple has a sizable client base for its iPhones in the area, and it is anticipated that its debut into the market for wearable fitness trackers will draw in a sizable number of users. Android Wear OS or other third-party smartwatch OS provides a software platform for wearable fitness trackers manufacturing companies.
Europe is the third-largest region. Implementing different marketing strategies such as celebrity endorsement is expected to increase the market share of the companies. The UK is one of Europe's major economies and has witnessed rapid advancement and development of consumer electronic products. The adoption of IoT in smartphones has led to an increase in the usage of smart mobile phone accessories. This is expected to drive the growth of the wearable fitness trackers market in the UK.

Key Highlights

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The key players in the global wearable fitness trackers market are
Global Wearable Fitness Trackers Market: Segmentation
By Device Type
By Component
By Connectivity
By Operating System
By Distribution channel
By Application
By Regions


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Market News

News Media
How Wearable Devices are Changing Healthcare, 21% of People in the US Regularly Wear a smartwatch
The Increase in Awareness Towards Health and Fitness Spur the Global Wearable Healthcare Devices Market

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