Summary - A new market study, titled “Global Kids' Smartwatch Market Research Report Forecast to 2025 ” has been featured on WiseGuyReports.
Global Kids’ Smartwatch Market Research Report: by Type (Functional Type and Smart Type), by Product (Integrated and Standalone), by Application (7–12 Years Old and 0–6 Years Old), by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Central & South America) - Forecast till 2025
Market analysis
Generally, Smartwatches for kids include sensors and SIM-cards, permitting them to link up to the Internet via a cellular network or a Wi-Fi connection. In its very basic form, the smartwatches for kids operate as a mobile phone attached to the wrist, which are usually connected to the parents’ phones. These smartwatches allow parents to track the whereabouts of their children in real-time through a companion mobile app. The safety measures for the children in schools can also be chased when children wear RFID tag device connecting with the smartwatches. Moreover, with the help of in-built global positioning system (GPS) and other sensors analyzing the blood pressure and glucose level, the role of smartwatches has improved substantially. These smartwatches can calculate the blood pressure level and glucose level of children before and after they indulge in any physical activity as well as when they visit different places on the school campus. The arrival of wearable devices helps parents to keep trace of their young ones. One of the most in-demand wearables for kids is the smartwatch. The market for wearables of children exhibits high potential in the Middle East in the coming years, which is projected to influence the kids’ smartwatch market clearly. The region is exhibiting high awareness regarding the fitness and safety of children, which is encouraging the acceptance of kids’ smartwatches. As these smartwatches have various elements such as task monitor, GPS tracker, health and fitness tracker, consumers are more readily adopting such products. The watch also consists of GPS for locale tracking and can be attached via Wi-Fi. The smartwatch comes with an inherent companion app which can be used by parents to set the location for home and school, get notifications concerning the location appropriately. The Global Kids’ Smartwatch Market is expected to register a 14.76% CAGR, displaying considerable expansion during the prediction period There are several types of kids’ smartwatch with features such as GPS trailer, sleep monitoring, health and fitness hunter, mood tracker, heart rate displays which keep the parents notified about their children’s actions and movements.
Market segmentation
The Global Kids’ Smartwatch Market is segmented based on material type, tool type, application and region respectively. In March 2019, Fitbit has unveiled four new budget-friendly smartwatches—Fitbit Versa Lite Edition, Fitbit Inspire, Fitbit Inspire HR, and Fitbit Ace 2. The Fitbit Ace 2 is specifically designed for kids above the age of 6 years. Smartwatches are linked to smartphones that provide notifications for calls, messages, and alarms. These watches provide an emergency button that can be pressed by kids to alert their contact people. For example, Doki technologies has outfitted their smartwatches with an emergency button and an app that tracks the position of the kid. The kids’ smartwatch market is highly divided owing to the presence of several global, regional, and local players. Kids smartwatch manufactures compete intensely in terms of price, product portfolio, product diversity, excellence, brand name, and assortment. The market was priced at USD 394.0 million in 2018; it is expected to reach USD 1,002.4 Million by 2025. Asia-Pacific settled for the largest market value of USD 147.0 million in 2018; the market is expected to register a CAGR of 15.34% during the forecast period. In May 2019, Abardeen has launched a 3-in-1 Modular Gizmo for kids—Novus. The wearable device is a mixture of phone, smartwatch, and home personal assistant to allow children to safely use the internet and stay connected with their parents. Integrated smartwatches are highly favored by the consumers as these watches are connected to a smartphone via Bluetooth or Wi-Fi. Using these connectivity options, the users can access the internet, receive or send notifications, listen to music, and receive weather updates. However, the individual smartwatch is winning acceptance as these watches function without incorporation to the smartphones.
Regional analysis
Geographically the Global Kids’ Smartwatch Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. In June 2018, Doki Technologies has partnered with Tata Communications to develop the dokiWatch S that is integrated with the latter’s MOVE SIM. This collaboration has facilitated Doki to expand its businesses across the US and Canada, Europe, and South-East Asia. The significant gadget consuming culture of China, accessibility of local brands providing inexpensive manufactured goods, fast adoption of new technologies, and increasing middle-class populace with high disposable income are some of the factors influencing the demand for kids’ smartwatches. A large portion of kids’ wearables sold in Asia comprises of fitness trackers and smartwatches In March 2019, Huawei has introduced two smartwatches for kids namely Huawei Kids Watch 3, Kids Watch 3 Pro. The smartwatches feature a 1.3-inch TFT touchscreen display, IP67 water and dust-sturdy, voice-assistant, and a 5-megapixel camera. sia-Pacific is predictable to control the global kids’ smartwatch market throughout the forecast period due to the significant gadget consuming culture of China, availability of local brands providing affordable goods, wild acceptance of new technologies, and increasing middle-class populace with high disposable income.
Major players
The proposed spectators in the Global Kids’ Smartwatch Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Kids’ Smartwatch Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Kids’ Smartwatch Market are companies like Huawei Technologies Co. Ltd (China), VTech Holdings Limited (Hong Kong), Garmin Ltd (Switzerland), JOY FamilyTech, Inc. (California), Fitbit, Inc. (US), Shenzhen Continental Wireless Co., Ltd (China), Omate Inc. (China), Franciscan Solutions Private Limited (India), KD Group (Spain), SIBYL WORLD SDN BHD (China), TickTalk (US) and Doki Technologies (Hong Kong), among others.
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Global Kids’ Smartwatch MarketThe kids’ smartwatch market spans across North America, Europe, Asia-Pacific Middle East & Africa, and Central and South AmericaSmartwatch is a portable wearable computing device that closely resembles a wristwatch.
The smartwatches for kids are becoming popular as these devices are equipped with features that favor a child’s development along with various entertainment and educational features.
Also, through in-built GPS-tracker in these smartwatches, parents can stay connected to their children with ease.
Smartwatches usually have their own apps that are capable of gathering and tracking data regarding the exact location of kids.
Some smartwatches also consist of features such as a small and unobtrusive (SOS) button that alerts the parents if the child is in distress and a geofencing function that sends an alert whenever the child enters or leaves a designated area.The geographic analysis of the kids’ smartwatch market has been conducted for North America, Europe, Asia-Pacific (APAC), the Middle East and Africa, and Central and South America.
Asia-Pacific accounted for the largest market share in 2018, with a market value of USD 147.0 million; the market is expected to register a significant CAGR during the forecast period.
Global Kids’ Smartwatch MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Global Kids’ Smartwatch Market.
The growth sectors of the Global Kids’ Smartwatch Market are identified with precision for a better growth perspective.The global kids’ smartwatch market is expected to reach USD 1,002.4 million by 2025 at a CAGR of 14.76% during the forecast period.
Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.Competitive AnalysisThe key players of the global Kids’ Smartwatch market are Fitbit, Inc. (US), Huawei Technologies Co. Ltd (China), VTech Holdings Limited (Hong Kong), Garmin Ltd (Switzerland), Doki Technologies (Hong Kong), JOY FamilyTech, Inc. (California), Shenzhen Continental Wireless Co., Ltd (China), Omate Inc. (China), Franciscan Solutions Private Limited (India), KD Group (Spain), SIBYL WORLD SDN BHD (China), TickTalk (US), among others.In July 2019, Doki Technologies launched DokiPal—a 4G LTE smartwatch for kids featuring AI voice assistant, video calling, and location tracking.
The watch is water-resistant and includes a fitness tracking leaderboard.
It is also compatible with iOS and Android devices to enable parents to communicate with their kids and track their activities remotely.In January 2019, JOY partnered with Pfizer Mexico to distribute the Octopus Watch, to children in Mexico living with chronic health conditions such as growth hormone deficiency (GHD).
The watch is capable of alerting patients to take daily medications in an interactive way.In May 2019, Abardeen launched a 3-in-1 Modular Gizmo for kids—Novus.
Global Kids Smartwatch Market Research Report: By Type (Functional Type and Smart Type), By Product (Integrated and Standalone), By Application (7–12 Years Old and 0–6 Years Old) - Forecast till 2027OverviewThe kids smartwatch market will witness a healthy growth from 2019 to 2025, a research report suggests.
During the forecast period, the market will be supported by smartwatches with health and fitness trackers and increasing support of parents for every child.Soaring price on the other hand will challenge wearables sector based organizations functioning in the global kids smartwatch market.
Analysts have studied the strategy of wearables segment based organizations to help new entrants and established businesses.
Additionally, the kids smartwatch market on the basis of application is segmented into 7-12 years and 0-6 years.The segmental analysis presented in the report provides wearables field based organizations insights into key growth factors such as presence of health & fitness tracker as well as challenges such as the availability of substitutes the market will face from 2019 to 2025.
But the report also identifies the shifting consumer preference for alternative solutions and supply chain related problems as major threats companies in wearables will face till 2025.Regional OverviewWearables market based companies in the kids smartwatch market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world.
Fast and efficient transport facilities will be a key growth driver for regional markets.
