Below are some of the key findings from this smart necklace market analysis report
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Global smart necklace market overview
The growth of the geriatric population that increases the demand for advanced healthcare devices is one of the critical factors that will drive global smart necklace market growth. The growing prevalence of health disorders such as Alzheimer’s disease and dementia is inducing the geriatric population to prefer the adoption of smart healthcare wearables. This has increased the demand for smart wearables including smart necklaces as it serves as a GPS tracking device. Furthermore, smart necklaces can also be used to trigger alarms and send signals to pre-identified phone numbers in case of emergencies. With the high prevalence of geriatric population, the demand for smart necklaces will subsequently increase.
Moreover, technological advancements that enable the integration of several new features in smart wearables will also drive the adoption of smart necklaces in the coming years. In addition to the standard features such as fitness tracker and message notifications, these smart devices can also include features including hydration reminders, message storage, and smart cameras. Such technological advancements coupled with the rising demand from the geriatric population will accelerate global smart necklace market growth at a CAGR of almost 2% during the forecast period.
Top smart necklace companies covered in this market research report
The smart necklace market is highly concentrated with the companies focusing on technological advancements in smart wearables. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this smart necklace industry analysis report will help smart necklace manufacturers assess the market’s growth potential and design innovative strategies to strengthen their position in this market.
The report offers a complete analysis of several smart necklace manufacturers including:
- Bellabeat
- Huami
- Misfit
- Ninestar
- Totwoo
Smart necklace market segmentation based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
North America will account for the largest smart necklace market share during the forecast period. The region has the largest retail and e-commerce market where several smart necklaces manufacturers offer their products. This is a major factor driving the global smart necklace market growth in this region.
Smart necklace market segmentation based on technology
- Bluetooth
- NFC
The Bluetooth segment will account for the largest share of the smart necklace market during the forecast period. Advantages such as an extended signal connection range for data transfers and the development of Bluetooth low energy technology that consumes less power than NFC will drive the adoption of Bluetooth-based smart necklaces in the coming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart necklace market size.
Key highlights of the global smart necklace market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the smart necklace market during the next five years
- Precise estimation of the global smart necklace market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart necklace industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of smart necklace companies
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