According to a new report, published by KBV research, The Global Fitness Tracker Market size is expected to reach $157.7 billion by 2030, rising at a market growth of 17.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,45,182.4 thousand units, experiencing a growth of 20.7% (2019-2022).
The Offline segment would exhibit a CAGR of 16.6% during (2023 - 2030). Some users may prefer offline modes for various reasons, including concerns about data privacy or a desire to use fitness trackers independently of constant connectivity. Fitness trackers offering robust offline capabilities cater to users seeking a more standalone experience. Thus, these aspects will pose lucrative growth prospects for the segment.
The Smart Watches segment is generating highest revenue in the Global Fitness Tracker Market by Type in 2022; thereby, achieving a market value of $78.6 billion by 2030. Modern smart watches come equipped with a comprehensive suite of fitness-tracking features. These may include step counting, distance traveled, calorie expenditure, and heart rate monitoring. Integrating these functionalities allows users to consolidate their fitness and health monitoring needs into a single device. Hence, these aspects will boost the demand in the segment.
The Sports segment is experiencing a CAGR of 17.2% during (2023 - 2030). Manufacturers are developing fitness trackers with specialized features tailored to different sports and physical activities. Whether it's running, cycling, swimming, or other sports, users can benefit from specific metrics and insights related to their chosen activity. This customization enhances the user experience and attracts a broader range of sports enthusiasts. Hence, these aspects will assist in the growth of the segment.
Full Report: https://www.kbvresearch.com/fitness-tracker-market/
The North America region dominated the Global Fitness Tracker Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $62.5 billion by 2030. The Europe region is anticipated to grow at a CAGR of 17.2% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 18.4% during (2023 - 2030).
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application
Unique Offerings 
