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Kids Smartwatch Market Size, Demand and Forecast to 2027
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Industry Insight
The report by Market Research Future takes into account the impact of the novel Coronavirus pandemic on the Kids Smartwatch Market Size 2020. It offers a clear assessment of the projected market fluctuations during the forecast period (2018-2025). The global Kids Smartwatch Market will reflect an average 14.76% CAGR, as stated by a recent report. The report estimates the market to surpass USD 394.0 million in revenues that were gained in 2018 to reach USD 1,002.4 Million
(This is the latest offering, and this report also analyzes the impact of COVID-19 on Kids Smartwatch Market Size and updated by the current situation, especially the forecast)
Top Impacting Drivers
Stating on kids Smartwatch application, MRFR added that Smartphones remain the best way to communicate. The kids’ Smartwatch is not only a communication device but also reports a child’s location together with a history of movements. Apart from calling, some features like an SOS button for emergency communication, geo-fencing with SMS alerts on entry or exit, and the ability to hear about a child’s possibilities are made possible. Among the kids' Smartwatches, 65% claim to be 4G based, which opens the potential for video calling, educational interactive, and other games. These factors have been considered as prime factors leading the global kids' Smartwatch market.
In recent years, the majority of these smartwatch designs are fully functional as independent products. Some of these even use the GPS monitoring device for historical recording information. These features have made the kids' Smartwatch market more valuable in terms of shares, which triggered the market to score well in the forecast period.
To add in this, the safety measures for the children in schools can also be tracked when children wear an RFID tag device communicating with the smartwatches. Moreover, with the help of an in-built GPS and other sensors calculating the blood pressure and glucose level, the role of smartwatches has improved considerably. These factors have also termed to be influential for the market’s growth.
Furthermore, the factor of the emergence of wearable devices helps parents to keep track of their young ones. There are diverse types of kids Smartwatch with features such as sleep monitoring, GPS tracker, mood tracker, health and fitness tracker, and heart rate monitors keep the parents informed about their children’s activities. These factors have also been influential in the global kids' Smartwatch market’s growth for the future timeframe.
Key Players
Prominent players profiled in the global kids smartwatches market report include TickTalk (US), SIBYL WORLD SDN BHD (China), KD Group (Spain), Franciscan Solutions Private Limited (India), Omate Inc. (China), Shenzhen Continental Wireless Co., Ltd (China), JOY FamilyTech, Inc. (California), Doki Technologies (Hong Kong), Garmin Ltd (Switzerland), VTech Holdings Limited (Hong Kong), Huawei Technologies Co. Ltd (China), and Fitbit, Inc. (US), among others.
Market Segmentation
The global kids smartwatch market has been segmented based on type, applications, and product. On the basis of type, the market for kids smartwatch is segmented based on functional type and smart type. Additionally, the market on the basis of applications, is segmented into 7–12 years old and 0–6 years old. The global market for kids smartwatch is also covered based on the product segment which is further split into integrated and standalone.
Key influences such as concerns regarding internet connectivity could obstruct the kids smartwatch market growth. However, as per the kids smartwatch market research report, high awareness regarding fitness as well as growing demand for safety features in wearables will drive growth during the forecast period. These key growth factors will help support the kids smartwatch market growth at a high CAGR. The segmental analysis of type, applications, and product segments as well as regional market analysis has been presented in the global kids smartwatch market research report. Analysts studying the kids smartwatch market have presented projections in the kids smartwatch market research report assisting kids smartwatch market-based companies in numerous ways. The kids smartwatch market research report offers crucial details about the kids smartwatch market based on the data and forecasts till 2025.
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Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for kids smartwatch are primarily covered in the global kids smartwatch market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level kids smartwatch markets are covered in the report. In Asia-Pacific (APAC) region, the country-level kids smartwatch markets covered are China, India, Japan, and others. The kids smartwatch market research report also covers the regional market for kids smartwatch spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The kids smartwatch market research report further explores other regional markets from the rest of the world including kids smartwatch markets of the Middle East and Africa. As per the global kids smartwatch market research report.
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About Us:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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