Mobile Sensing Fitness Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Apple, Inc., Adidas AG., Fitbit, Garmin Ltd., Google LLC, LG Corp., Microsoft Corp., Motorola Mobility LLC., Nike Inc., Polar Electro Oy, Samsun

The global mobile sensing fitness market is anticipated to grow at a considerable CAGR during the forecast period (2024-2031). The various launches by key players with more features and unique designs is expected to drive the growth of the market over the forecast. For instance, in August 2021, Fitbit has expanded its product portfolio in India. The company has launched Fitbit Luxe and Fitbit Luxe special edition smart tracker with jewelry like design and advanced technology. The smart tracker can monitor breathing rate, heart rate variability (HRV), resting heart rate (RHR), and skin temperature variation. Fitbit says that the SpO2 tracking feature will also be introduced to the device soon. The tracker comes with a battery life of up to 5 days and offers additional features like alarms, stopwatch, and customizable call, text, and smartphone notifications. 

Increasing health awareness among consumers is a key factor driving the growth of the mobile sensing fitness market. Through a smartwatch, the user can take the necessary precautions in advance according to their health. The increasing health awareness along with growing spending capacity among individuals is another factor propelling the growth of the mobile sensing fitness market. For instance, according to the Organization for Economic Co-operation and Development (OECD) stated that preliminary health spending estimates for a group of 16 countries suggest that per capita health increased by around 4.9% on average in 2020. In addition, time-consuming and high cost of routine health checkup, and hectic lifestyle has given rise to need for mobile or portable fitness gadgets for continuous monitoring health fitness. 

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Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

By Product Type

By Mobile Connectivity

Regions Covered-

North America

Europe

Asia-Pacific

Rest of the World

Competitive Landscape- including Apple, Inc., Adidas AG., Fitbit, Garmin Ltd., Google LLC, LG Corp., Microsoft Corp., Motorola Mobility LLC., Nike Inc., Polar Electro Oy, Samsung Electronics Co. Ltd., and others.

 Mobile Sensing Fitness Market Report Segment

By Product Type

Activity Tracker

Smart Watches

Heartrate Monitoring

Speed

Cadence

Other Performance Monitoring

By Mobile Connectivity

Ultra Low Power Component

Bluetooth (Classic & Smart)

ANT Sensor Alliance

Near Field Communication

BodyLAN

Wi-Fi

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Mobile Sensing Fitness Market Report Segment by Region

North America                                                                                                           

United States

Canada

Europe

UK

Germany

Spain

France

Italy

Rest of Europe

Asia-Pacific

India

China

Japan

South Korea

Rest of APAC

Rest of the World

Latin America

Middle East and Africa 

Company Profiles

Fitbit

Garmin Ltd.

LG Corp.

Motorola Mobility LLC

Polar Electro Oy

Samsung Electronics Co., Ltd.

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