Smart Necklace Market: Global Outlook 2027 & Key Trends

Smart Necklace Market is expected to grow at a CAGR of 3.43 % over the forecast period 2021-2027, to account for US$ 203.11 Mn in 2027. The health and movement is one of the segments reviewed in the MMR report dominating the global smart necklace market.

Smart Necklace Market Overview & Dynamics:

Smart Necklace is a hybrid of fashion and technology that allows users to track individuals via GPS, issue SOS alarms, send and receive messages, save messages, monitor sleep patterns, snap selfies, and serve as a hydration reminder, safety device, and smart camera. Wearers pick smart necklaces as one of their chosen full healthcare equipment. Smart Necklace Market To know about the Research Methodology:-Request Free Sample Report

Growing Demand for Advanced Healthcare Devices to Fuel Smart Necklace Market Growth:

One of the key drivers driving the smart necklace market is the growing senior population, which raises demand for modern healthcare products. The rising frequency of health conditions such as Alzheimer's disease and dementia is leading to a preference for smart healthcare wearables among the elderly. As a GPS tracking device, this has raised demand for smart wearables, like smart necklaces. In the event of an emergency, smart necklaces can also be used to set off alarms and transmit signals to pre-programmed phone numbers. Thanks to the rising prevalence of geriatrics, the need for smart necklaces is expected to rise. Technological Advancement: Smart necklace usage will be fuelled by technical advances that enable the integration of various new functions in smart wearables in the future years. These smart devices can incorporate hydration reminders, message storage, and smart cameras, in addition to basic capabilities like a fitness tracker and message notifications. During the projected period, such technological improvements, together with increased demand from the senior population, would propel the worldwide smart necklace market to a CAGR of almost 3.43%. Smart necklace vendors are concentrating on aesthetics and design. Chipp'd (TALSAM), for example, provides a number of compatible smart pendants that allow users to customise their accessories to meet different styles, outfits, and events. As a result, one of the important smart necklace industry trends that will drive market expansion will be technological advancements. Major Opportunities for Players Entering the Target Market: Manufacturers' increasing focus on expanding the scope of smart necklaces and growing their customer base, combined with rising awareness about the benefits of smart necklaces among healthcare providers such as old age homes and mental asylums to track patients or monitor their health, is expected to open up new revenue opportunities for players in the target market. Furthermore, new entrants in this industry are introducing innovation, and the development of smart necklaces with unique digital capabilities and new upgraded designs is another aspect that is projected to provide considerable income prospects for firms joining the target market. Hampering Factor for Smart Necklace Market: The high cost of smart necklaces and the easy availability of smart wearable technology with sophisticated features similar to smart necklaces, such as smartwatches and smart goggles, are hampering the global smart necklace market.

Smart Necklace Market Segmentation:

Smart Necklace Market is segmented into Type, Technology, Distribution Channel, and End-Use. The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Smart Necklace Market size. Smart Necklace Market Bluetooth Segment is expected to Account for the Largest Market Share By 2027. Based on the Technology, Bluetooth segment is dominating the Smart Necklace market and valued at around US$ XX Mn. in 2020. Bluetooth-based smart necklaces will become more popular in the next years due to benefits such as a longer signal connection range for data transfers and the introduction of Bluetooth low energy technology that uses less power than NFC. The contribution of all segments to the growth of the smart necklace market size is accurately predicted in this analysis. Health and Movement Segment is Projected to Dominate the Market during the Forecast Period. By Application, Health and Movement segment dominated the market, with projected to grow at the highest CAGR of 4.07% during 2021-2027. In the global market, the Health and Movement component has the greatest market share and is expected to increase at a rapid rate over the forecast period. The Segment focuses on each application's current position and potential for substantial application value, market share, and growth valuation. Online Stores Segment to Surpass $ XX Million By 2027: By Distribution Channel, Online Stores segment is expected to grow at a CAGR of 5% over the forecast period thanks to growing Internet penetration, coupled with increasing preference among consumers to purchase on E-commerce websites or apps owing to several reasons. Furthermore, advent of 5G technology is projected to boost adoption of online platforms for shopping purposes. North America is an Emerging Market: Geographically, North America Market valued US$ XX Mn. in 2020 and is expected to reach a value of US$ XX Mn. by 2027, with a CAGR of XX% during 2021-2027.The presence of well-established manufacturers in economies like the US and Canada, as well as early and faster adoption of technologically advanced wearables and an increasing crime rate in the region, are likely to propel the North American market forward. Thanks to rising incidences of crime against women, growing Internet penetration, and rising awareness of the benefits of smart necklaces among citizens in countries like as China and India in the region, the Asia Pacific market is expected to grow at a high rate over the next ten years. The objective of the report is to present a comprehensive analysis of the global Smart Necklace Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Smart Necklace Market dynamic, structure by analyzing the market segments and projecting the Smart Necklace Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Necklace Market make the report investor’s guide.

Smart Necklace Market Scope: Inquire before buying

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Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 160.45 Mn.
Forecast Period 2021 to 2027 CAGR: 3.43% Market Size in 2027: US $ 203.11 Mn.
Segments Covered: by Type • Android • IOS • Windows Phone • Compatible Systems
by Technology • Bluetooth • NFC
by End-Use • Health and Movement • Device Control • Communication
by Distribution Channel • Online Stores • Offline Stores

Global Smart Necklace Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Global Smart Necklace Market Key Players

• Bellabeat • Huami • Misfit • Ninestar • Totwoo • Miragii • Stelle Audio • Fineck • Kickstarter • Talsam • EMMESPHARE • Invisawear • Leafwearable • Electric Runway • Stelle Audio Frequently Asked Questions: 1] What segments are covered in the Smart Necklace Market report? Ans. The segments covered in the Smart Necklace Market report are based on Type, Technology, Distribution Channel, and End-Use. 2] Which region is expected to hold the highest share in the Smart Necklace Market? Ans. North America region is expected to hold the highest share in the Smart Necklace Market. 3] What is the market size of the Smart Necklace Market by 2027? Ans. The market size of the Smart Necklace Market by 2027 is US$ 203.11 Mn. 4] What is the forecast period for the Smart Necklace Market? Ans. The forecast period for the Smart Necklace Market is 2021-2027. 5] What was the market size of the Smart Necklace Market in 2020? Ans. The market size of the Smart Necklace Market in 2020 was US$ 160.45 Mn.
1. Global Smart Necklace Market: Research Methodology 2. Global Smart Necklace Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Smart Necklace Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Smart Necklace Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Smart Necklace Market Segmentation 4.1 Global Smart Necklace Market, By Type (2020-2027) • Android • IOS • Windows Phone • Compatible Systems 4.2 Global Smart Necklace Market, By Technology (2020-2027) • Bluetooth • NFC 4.3 Global Smart Necklace Market, By End-Use (2020-2027) • Health and Movement • Device Control • Communication 4.4 Global Smart Necklace Market, By Distribution Channel (2020-2027) • Online Stores • Offline Stores 5. North America Smart Necklace Market (2020-2027) 5.1 North America Smart Necklace Market, By Type (2020-2027) • Android • IOS • Windows Phone • Compatible Systems 5.2 North America Smart Necklace Market, By Technology (2020-2027) • Bluetooth • NFC 5.3 North America Smart Necklace Market, By End-Use (2020-2027) • Health and Movement • Device Control • Communication 5.4 North America Smart Necklace Market, By Distribution Channel (2020-2027) • Online Stores • Offline Stores 5.5 North America Smart Necklace Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Smart Necklace Market (2020-2027) 6.1. Asia Pacific Smart Necklace Market, By Type (2020-2027) 6.2. Asia Pacific Smart Necklace Market, By Technology (2020-2027) 6.3. Asia Pacific Smart Necklace Market, By End-Use (2020-2027) 6.4. Asia Pacific Smart Necklace Market, By Distribution Channel (2020-2027) 6.5. Asia Pacific Smart Necklace Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Smart Necklace Market (2020-2027) 7.1 Middle East and Africa Smart Necklace Market, By Type (2020-2027) 7.2. Middle East and Africa Smart Necklace Market, By Technology (2020-2027) 7.3. Middle East and Africa Smart Necklace Market, By End-Use (2020-2027) 7.4. Middle East and Africa Smart Necklace Market, By Distribution Channel (2020-2027) 7.5. Middle East and Africa Smart Necklace Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Smart Necklace Market (2020-2027) 8.1. Latin America Smart Necklace Market, By Type (2020-2027) 8.2. Latin America Smart Necklace Market, By Technology (2020-2027) 8.3. Latin America Smart Necklace Market, By End-Use (2020-2027) 8.4. Latin America Smart Necklace Market, By Distribution Channel (2020-2027) 8.5. Latin America Smart Necklace Market, by Country (2020-2027) • Brazil • Argentina • Rest of Latin America 9. European Smart Necklace Market (2020-2027) 9.1. European Smart Necklace Market, By Type (2020-2027) 9.2. European Smart Necklace Market, By Technology (2020-2027) 9.3. European Smart Necklace Market, By End-Use (2020-2027) 9.4. European Smart Necklace Market, By Distribution Channel (2020-2027) 9.5. European Smart Necklace Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Bellabeat 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Huami 10.3 Misfit 10.4 Ninestar 10.5 Totwoo 10.6 Miragii 10.7 Stelle Audio 10.8 Fineck 10.9 Kickstarter 10.10 Talsam 10.11 EMMESPHARE 10.12 Invisawear 10.13 Leafwearable 10.14 Electric Runway 10.15 Stelle Audio

About This Report

Report ID 25825
Category Information Technology & Telecommunication
Published Date Feb 2019
Updated Date Feb 2022
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