Global Fitness Tracker Market By Device Type (Smartwatch Solution, Fitness Bands), Compatibility Mode (Android, iOS), Sales Channel (Offline Mode, Online Mode), Display Type (Monochrome Display Deployment, Coloured Display Deployment)
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The Global Fitness Tracker Market size is expected to reach $55.8 billion by 2023, rising at a market growth of 18.3% CAGR during the forecast period. Fitness trackers are devices used in recording, monitoring, and storing fitness-related data of the consumers. Fitness band and smartwatches are among the most widely accepted fitness trackers as they are totally customizable. The clip on and fitness straps are mostly used as hidden trackers by fashion enthusiasts. The fitness data monitoring in smartwatches is appealing, due to the color display available in these devices. Better living standards and growing awareness about fitness are the factors that would drive the growth of the fitness trackers during the forecasted period. Growing disposable income and rapid penetration of internet of things would add to the market growth.
Global Fitness Tracker Market Size
Based on Device Type, the Fitness Tracker market segments the market into Smartwatch: The North America market holds the largest market share in Global Smartwatch Solution Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 16.6 % during the forecast period.
Fitness Bands: The Europe market is expected to witness a CAGR of 18.4% during (2017 - 2023) in Global Fitness Bands Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 20.6% during (2017 - 2023).
Global Fitness Tracker Market Share
Others Based on Compatibility Mode, the market report segments the market into Android: The Android market holds the largest market share in Global Fitness Trackers Market by Compatibility Mode in 2016 and would continue to be a dominant market till 2023. iOS: The iOS market is expected to witness a CAGR of 18.6% during (2017 - 2023). Others: The Others market is expected to witness a CAGR of 19.1% during (2017 - 2023). Based on Sales Channel, the Fitness Tracker market segments the market into Offline Mode: The Offline Mode market is expected to witness a CAGR of 22.8% during (2017 - 2023).