Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Stride Sensors Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Stride Sensors Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Stride
Sensors Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Stride Sensors Market is offered. In accordance with the report, the global
Stride Sensors Market is projected to
expand by healthy CAGR of 30% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Stride
Sensors, by definition, refers to one type of distance, speed and stride scanner
that helps supervise, read and analyze the performance of a person running or
walking wearing it both at indoor and outdoor using Bluetooth, Smart Phones,
Smart Watches or other items consisting of artificial intelligence. It also
records stride length and running cadence and weighs very little.
Market Drivers
The
growing usage of artificial intelligence and technologies in sports to reduce
as much as human errors and physical labor possible is the main driver behind
the rapid growth of Stride Sensors Market. The rising need of computerized
devices to reduce extra work loads and ease up daily lifestyles while
practicing on one’s own is pushing the market growth rate high.
Beside
this, the rapid urbanization, growing population, rising per capita income and
growing awareness regarding gym and fitness, morning walks, jogging, cycling
etc. are also some of the key players behind the rapid growth of the Stride
Sensors Market.
Aside
from these, the rising foreign investments in the Stride Sensors sector are also
adding fuel to this increasing market growth.
The
regular introduction of different and brand-new types of Stride Sensors with
better technologies and qualities in different price range to satisfy the
varying tastes of the customers is also attracting new consumers and thus
helping the growth rate of Stride Sensors Market to rise high. The convenience
and efficiency of Stride Sensors spaces is also helping in the expansion of the
said market.
Market Restraints
The Stride Sensors Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
High prices of the raw materials, high
manufacturing, maintenance and repairing costs, high cost of R&D activities and high tariffs and import
costs resulting into high cost of the premium quality end products.
Lack of awareness about the availability and
benefits of the Stride Sensors in the developing
countries.
Availability of substitutes within mobile phones
and apps at lower prices.
Low battery life.
Opportunities
The Stride Sensors Sector is expected have huge opportunities as the personal usage sector
is expanding rapidly due to its high usage while jogging and walking or running
in gym and parks to remain fit and productive.
Trends
During
the forecast period, North America followed by Asia Pacific and Europe are
expected to have the largest share of Stride Sensors Market. The demand for these products
in the North American region is driven by its expanding technological usage in daily lives, growing population and
rising disposable income among individuals. It is also believed that on the basis of
product type, the vibration sensor segments will face the highest growth rate for
its relatively low costs, high analyzing ability and accuracy, efficiency and
convenience.
Segment Covered:
This market
intelligence report on the global Stride Sensors Market encompasses market segments based on product type,
portability type, connectivity type, application, end usage, distributional
channel and country.
By Product
Type the global Stride Sensors Market has been
divided into:
q Vibration
Sensor
q Gravity
Sensor
q Others
By Portability
Type the global Stride Sensors Market has been
divided into:
q Handheld
q Watch-forms
q Attachable
to Clothes or Sports Gears
q Others
By
Connectivity Type the global Stride Sensors Market has been
divided into:
q Bluetooth
q Wi-Fi
q Others
By Application
the global Stride Sensors Market has been
divided into:
q Indoor
q Outdoor
q Others
By
Distributional Channel the global Stride
Sensors Market has been divided into:
q Online
q Offline
q Others
By country/region,
the global Stride Sensors Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Adidas
q Boltt
q Epson
q Garmin
q Milestone
Sports
q Moticon
q North
Pole Engineering
q POLAR
q Tekscan
q Wahoo
Fitness
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Stride Sensors Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
POLAR
One of the biggest sports accessory
manufacturing company POLAR has recently launched their Stride Sensor Bluetooth
Smart which fits firmly on a person’s shoelaces and is highly water and shock
resistant. The sensor is compatible with any devices from iPhone 4S generation
and later.
Boltt
Boltt, the wearable fitness tech
startup, has launched their latest AI-powered stride sensor in 2017. The company
launched an app specially made for their sensors where a person can see the
track of their daily movement, speed and stride lengths and can take the
recommended measures that the app gives after analyzing the recorded data to
improve daily performance.
Adidas
One of the biggest sports gears and accessory
manufacturer in the entire world, Adidas has recently partnered up with the
Samsung Mobile and launched their new stride sensor that works together with
Samsung Smart Phones.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Stride
Sensors Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Stride Sensors Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Stride Sensors caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Stride
Sensors Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Stride Sensors Market
v
Identification
of key factors driving investment opportunities in the Stride
Sensors Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop strategies
based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants