Kids Smartwatch Market 2021-2030
The android segment was the highest contributor to the market is estimated to reach $2,983.1 million by 2030, at a CAGR of 14.3% during the forecast period.
— Aniket Kadam
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, July 6, 2023/EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Kids smartwatch Market by Product Type, Compatibility, Connectivity, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global kids smart watch market size was valued at $1,125.0 million in 2020, and is projected to reach $4,268.7 million by 2030, registering a CAGR of 14.6% from 2021 to 2030.
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Rise in health awareness among consumers, advanced features of smartwatches and technological advancements in the healthcare industry drive the growth of the global kids smartwatch market. However, low battery life and lack of data security & privacy restrain the market to some extent. On the other hand, growth in e-commerce sales and the presence of fitness & health tracker present new opportunities in the upcoming years.
A smartwatch is a new kind of watch that functions similar to computer or smartphone. Alarms and notifications have become the most popular smart watch features. Health and wellness functions are another popular set of functions used by many smart watch users. Many smart watches can be used as activity trackers. The new generation of smart watches allows users to make and receive calls.
The growing disposable income also encourages the use of kids smartwatch. This, in turn, is expected to have a significant impact on the growth of the kids smartwatch market during the forecast period. Several technology companies are entering the kids smartwatch market to meet consumer demand.
According to the kids smartwatch market analysis, market segmentation is done on the basis of product type, compatibility, connectivity, distribution channel, and region. On the basis of product type, the kids smartwatch market is categorized into integrated and standalone. By compatibility, the market is divided into IOS, android, and others. On the basis of connectivity, the kids smartwatch market is segmented into Bluetooth, Wi-Fi, cellular networks, and NFC. According to distribution channel, the market is fragmented into supermarket/hypermarket, convenience stores, specialty stores, and online sales channel. Region wise, the kids smartwatch market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
𝐅𝐋𝐀𝐒𝐇 𝐒𝐀𝐋𝐄 𝐓𝐢𝐥𝐥 𝟏𝟓 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟑 – Procure Complete Report: https://www.alliedmarketresearch.com/checkout-final/c5320afe31cb5a08c619a0945a3b5daa
Based on product type, the standalone segment held the highest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. However, the integrated segment is estimated to register the highest CAGR of 15.1% from 2021 to 2030.
By connectivity, the cellular networks segment was highest revenue contributor in 2020. This is attributed to the increased use of cellular network connected devices. By distribution channel, the specialty stores held the largest market share because this type of stores provide different kind of kids smartwatch with a variety of specifications and features.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding around one-third of the total market share, and is estimated to continue its dominant share by 2030. However, LAMEA is projected to manifest the fastest CAGR of 16.8% during the forecast period.
Key market strategies implemented by market players include product launches, mergers and acquisitions, joint ventures, partnerships, acquisitions, and geographic expansion. Product innovation is being prioritized by prominent market players in order to provide consumers with more innovative products. The key players in the global kids smartwatch industry include Doki Technologies Ltd., Huawei Technologies Co. Ltd, LG Electronics Inc., Omate Inc., Precise Innovation LLC, Tencent Holdings Ltd., Tinitell AB, Vtech Holdings Ltd., and Xiaomi Global Community.
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:
○ This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global kids smartwatch market from 2021 to 2030 to identify the prevailing market opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis of the market segmentation assists to determine the prevailing kids smartwatch market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global industry.
○ The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
○ The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐊𝐢𝐝𝐬 𝐒𝐦𝐚𝐫𝐭𝐰𝐚𝐭𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
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• Classify potential new clients or partners in the target demographic.
• Develop tactical initiatives by understanding the focus areas of leading companies.
• Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
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• Report will be updated with the latest data and delivered to you within 2-4 working days of order.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
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𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
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