Global Smart Earphones Body Area Network Market, By Components (Processors, Memory Modules, Displays, Sensors, Electro-Mechanicals, Communication and Interface Components), Connectivity (Bluetooth, Wi-Fi, Zig-Bee, Others), End-User (Healthcare, Sports, Fitness, Security, Military, Others) – Industry Trends and Forecast to 2029.
Smart Earphones Body Area Network Market Analysis and Size
The rising prevalence of chronic diseases and life-related disorders is the factor that boosts the smart earphones body area network market growth. Moreover, rising adoption of internet of things and technological advancements will further create growth opportunities for the market over the forecasted period.
Global smart earphones body area network market was valued at USD 6,390.20 million in 2021 and is expected to reach USD 12826.63 million by 2029, registering a CAGR of 9.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Smart Earphones Body Area Network Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Components (Processors, Memory Modules, Displays, Sensors, Electro-Mechanicals, Communication and Interface Components), Connectivity (Bluetooth, Wi-Fi, Zig-Bee, Others), End-User (Healthcare, Sports, Fitness, Security, Military, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Fitbit (U.S.), SAMSUNG (South Korea), Garmin Ltd. (U.S.), Xiaomi. (China), Huawei Technologies Co., Ltd. (China), Casio (Japan), LG Electronics. (South Korea), Medtronic (Ireland), Bragi (Germany), HK SMARTMV LIMITED. (Hong Kong), GOQii. (U.S.), SUUNTO. (Finland), Withings (France), ASUSTeK Computer Inc. (Taiwan), Abbott. (U.S.), MATRIX INDUSTRIES (U.S.), Apple Inc. (U.S.), Fujitsu (Japan), Renesas Electronics Corporation. (Japan), General Electric (U.S.), Fossil Group (U.S.), Polar Electro (Finland)
|
|
Market Opportunities
|
|
Market Definition
Smart earphones are the wearable devices for the body area network. The rapid adoption of the smart earphones are growing rapidly in sports and fitness applications across various sectors such as healthcare, sports, military and others.
Smart Earphones Body Area Network Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Technological advancements in medical devices
Technological advancements in medical devices are the primary factor driving the market's growth over the forecasted period. Rising prevalence of chronic diseases and life-related disorders is the factor that boosts market growth. Smart wearables can help collect varied information, track our health records, and reduce heart-related chronic diseases, which can be applied clinically and at a research level for various purposes. All these factors are driving the growth of the smart earphones body area network market over the forecasted period.
- Growing smart devices for tracking physical fitness
The development of smart devices for tracking physical fitness is the factor that fuels the market growth. These devices are equipped with different sensors and algorithms and mobile applications. With recent advances in mobile sensor technologies, privately collected physical data can be used to track the health records of physical fitness. This factor is driving the growth of the smart earphones body area network market over the forecasted period.
Opportunities
- Growing Penetration and Technological Advancements
The growing penetration of internet of things, artificial intelligence, and other technological advancements are estimated to generate lucrative opportunities for the market, which will further expand the smart earphones body area network market's growth rate in the future. There is a need to secure and manage high volumes of data in an organization due to the growing privacy adoption of smart devices. The large volumes of data can be maintained through smart technology adopted by smart device manufacturers. All these factors are creating lucrative growth opportunities for the smart earphones body area network market over the forecasted period.
Restraints/Challenges
- Concerns regarding privacy
The growing concerns regarding privacy is the main factor creating hindrance for the smart earphones body area network market and is expected to obstruct market growth.
- High volumes of sensitive data
The primary drawback creating hindrance is securing high volumes of sensitive data. This factor is projected to be a challenge for the smart earphones body area network market over the forecast period.
This smart earphones body area network market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart earphones body area network market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Smart Earphones Body Area Network Market
The recent outbreak of covid-19 had a negative impact on the smart earphones body area network market. The market faced disruption in supply chains, lesser availability of skilled personnel, fluctuations in prices and availability of raw materials which affected the market largely. The covid-19 has led to severe crisis across the world and several causalities. Supply chain disruptions were created due to lockdown that was being imposed in several regions. Hence, an imbalance in the demand and supply was witnessed, leading to companies not manufacturing to their complete capacity. However, in the third quarter of 2020, lockdowns were lifted, leading to the market's steady recovery with the significant increase in the demands. The suspended and cancelled operations will continue, and the market is estimated to expand.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Smart Earphones Body Area Network Market Scope
The smart earphones body area network market is segmented on the basis of components, connectivity and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Processors
- Memory Modules
- Displays
- Sensors
- Electro-Mechanicals
- Communication and Interface Components
Connectivity
- Bluetooth
- Wi-Fi
- Zig-Bee
- Others
End-User
- Healthcare
- Sports
- Fitness
- Security
- Military
- Others
Smart Earphones Body Area Network Market Regional Analysis/Insights
The smart earphones body area network market is analyzed and market size insights and trends are provided by components, connectivity and end-user as referenced above.
The countries covered in the smart earphones body area network market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart earphones body area network market because of the rising demands of fitness trackers implantable devices and the government's rising initiatives to promote digital health records within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand of wireless technology within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Earphones Body Area Network Market Share Analysis
The smart earphones body area network market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart earphones body area network market.
Some of the major players operating in the smart earphones body area network market are
- Fitbit (U.S.)
- SAMSUNG (South Korea)
- Garmin Ltd. (U.S.)
- Xiaomi. (China)
- Huawei Technologies Co., Ltd. (China)
- Casio (Japan)
- LG Electronics. (South Korea)
- Medtronic (Ireland)
- Bragi (Germany)
- HK SMARTMV LIMITED. (Hong Kong)
- GOQii. (U.S.)
- SUUNTO. (Finland)
- Withings (France)
- ASUSTeK Computer Inc. (Taiwan)
- Abbott. (U.S.)
- MATRIX INDUSTRIES (U.S.)
- Apple Inc. (U.S.)
- Fujitsu (Japan)
- Renesas Electronics Corporation. (Japan)
- General Electric (U.S.)
- Fossil Group (U.S.)
- Polar Electro (Finland)
SKU-