The global fitness tracker market is anticipated to grow at a CAGR of 15.2% during the forecast period. The key factor that is augmenting the market growth includes technological advancements in the field of smart fitness trackers, which are used in various applications such as heart rate monitoring, sleep measurement, glucose measurement, and cycling tracking, among others. These new technological products nowadays include smart watches, glasses, and clothing that can track various every second activity of a person’s body and assist them in maintaining good health. The new technologies are been integrated with a fitness tracker that is driving fitness tracker market growth.
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Recent Developments
- In June 2022, Garmin launched the Vivosmart 5 fitness tracker, in India. This new tracker comes with multiple sensors, such as a pulse oxygen saturation sensor, Garmin Elevate heart rate sensor, and with new feature Hydration Tracking feature, which also provides tips to lower their fitness age.
- In January 2022, Titan Eye+, in collaboration with RayBan launched its first smart glasses called the Titan EyeX. Several technologies used in new products are audio support, fitness tracking, and other features. It also comes with Bluetooth connectivity one can easily pair it with a smartphone.
- In August 2021, Fitbit expanded its product portfolio with the launch of Fitbit Luxe and Fitbit Luxe Special, smart trackers with advanced sensor technology. It comes with a wide range of health and wellness features and it is applied to an innovative design process called metal injection.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product Type
o By Application
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Apple Inc., Fossil Group, Inc., Huawei Technologies Co., Ltd., Fitbit, Inc., Samsung Electronics Co., Ltd., and Garmin Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fitness Tracker Market Report by Segment
By Product Type
- Fitness Band
- Smart Watches
- Others (Smart Clothing and Smart Glasses)
By Application
- Heart Rate Monitoring
- Sleep Measurement
- Glucose Measurement
- Cycling Tracking
- Sports activities
- Women’s Health
- Running
By Distribution Channel
- Offline
- Online
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Global Fitness Tracker Market Report by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Anhui Huami Information Technology Co., Ltd.
- Carré Technologies Inc.
- COROS Wearables Inc.
- Harrods Ltd.
- HYPE Sport Innovations Ltd.
- Imagine Marketing Pvt. Ltd.
- Komodo Technologies, Inc.
- Letsfit
- Mobvoi Information Technology Co. Ltd.
- Nexxbase Marketing Pvt. Ltd.
- Nurvv Ltd.
- OnePlus Technology (Shenzhen) Co., Ltd.
- Oura Health Oy
- Suunto Oy
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