Smart Sleep Tracking Device Market Key Players Analysis, Opportunities, and Growth by 2031

Coverage: Smart Sleep Tracking Device Market covers analysis By Type (Wearable Devices, Non-Wearable Devices); Technology (Sensing Technology, Computing Technology, Display Technology); Distribution Channel (Hypermarket/Supermarket, Online Retail, Sports Store, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00024318
  • Category : Life Sciences
  • No. of Pages : 150
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Smart Sleep Tracking Device Market Dynamics - 2021 to 2031

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The Smart Sleep Tracking Device Market is expected to register a CAGR of 16.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Type (Wearable Devices, Non-Wearable Devices). The report is segmented by Technology (Sensing Technology, Computing Technology, Display Technology). The report is segmented by Distribution Channel (Hypermarket/Supermarket, Online Retail, Sports Store, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Smart Sleep Tracking Device Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Smart Sleep Tracking Device Market Segmentation

Type
  • Wearable Devices
  • Non-Wearable Devices
Technology
  • Sensing Technology
  • Computing Technology
  • Display Technology
Distribution Channel
  • Hypermarket/Supermarket
  • Online Retail
  • Sports Store
  • Others

Strategic Insights

Smart Sleep Tracking Device Market Growth Drivers
  • Sleep Awareness: In recent years, the importance of sleep has become more evident as part and parcel of health and well-being. Associated with this is research on how quality sleep varies with mental health; productivity; and physical wellness. Looking at how poor sleep affects daily life creates awareness prompting one to seek ways of monitoring and optimizing an individual's sleep pattern. Demand for smart sleep monitoring devices has raised awareness that give useful insight on sleep stages, durations, and disturbances.
  • Growth of Wearable Technology: Such smartwatches and fitness trackers and these other similar health-related wearables are the causes of the very rapid advance of the smart sleep tracking market. Developments in sensor technology and miniaturization made possible the accurate tracking of heart rate, movement, oxygen levels, and many more aspects of sleep with various wearable devices. The wearables can be directly integrated into mobile applications, thus providing the storage, display, and all other interfaces for sleep tracking and ingestion of personalized recommendations.The return on investment for adoption of wearables is a direct correspondence with the intensity of implantation in sleep-tracking devices market.
  • Increase in occurrence of sleep disorders: Symptoms like insomnia, sleep apnea, and restless leg syndrome are pretty common. With the increasing pace of life changes, growing stress, and more and more screen time, these problems are gradually on the rise. According to WHO, sleep disorders are one of the most widely spreading public health problems across the globe. Thus, there is an increasing need for solutions to detect and manage such problems as millions of people worldwide, now, are facing sleep issues. Smart sleep tracking devices provide detailed information about sleep patterns allowing the users to examine where the underlying problem exists which leads to the growth
Smart Sleep Tracking Device Market Future Trends
  • AI and Machine Learning Collaborate: The future of artificial intelligence and machine learning in revolutionizing sound analysis as well as interpretation of sleeping is heading towards tailored suggested measures based on individual devices understanding sleep behavior over time. Future sleep monitoring devices might someday be capable of providing insights into sleep disorders and their respective recommendations, for example, in sleep apnea or breathing irregularities, thanks to AI. This is bound to transform intelligent sleep devices into products that can be sold more efficiently and effectively to consumers due to their levels of accuracy and efficacy.
  • Non-Invasive Sleep Tracking Method: Demand for non-invasive sleep tracking has been growing. Traditional polysomnographies involve highly uncomfortable and intrusive equipment, while today's intelligent sleep-monitoring devices can unobtrusively track sleep with no wires or physical interaction. Smart mattresses, sleep rings, and sleep headbands use sensors to track sleep while providing comfort to users, consistent with the general trend in consumer preference toward noninvasive medical monitoring.
  • Sleep Programming and Wellness: Companies have started combining sleep technology with individualized sleep coaching as part of an emerging wellness trend. These days, most brands are offering sleep improvement programs, whose basis is data and insight from smart devices. The customer is recommended tailored changes in sleep environment, bedtime routine, and lifestyle for improving sleep quality. Combine sleep coaching with smart sleep devices; the new market wave is going toward the people who want more than just data-those who want to see tangible results with their numbers.
Smart Sleep Tracking Device Market Opportunities
  • Benefits of Corporate Wellness Programs: More firms start to learn that employee fitness directly contributes to their productivity. Hence, there is a greater opportunity for smart sleep-tracking devices to be absorbed into corporate wellness programs. As an initiative of health programs for employees, providing access to sleep-tracking devices has many chances of translating to more general health outcomes while reducing incidences of burnout, stress, and absenteeism. Therefore, this presents a larger holistic market for targeting companies, not thorough individuals, but organizations devoted to employee health.
  • Progress in the Identification of Sleep Disorders: This is probably one of the greatest bright spots in the prospective opportunities for the smart sleep tracking market- devices that can increasingly identify specific sleep disorders." Currently, the design of many devices will enable users in most situations to track general sleep patterns, but better work can still be carried out regarding the diagnosis of specific conditions such as sleep apnea or narcolepsy. With the advancement in sensor technologies and data analysis algorithms, there may be ability for which these devices may identify such disorders at earlier and more effective approaches, leading to early intervention and treatment.
  • Collaboration with Healthcare Providers: The makers of smart sleep tracking devices could collaborate with healthcare providers like sleep clinics and hospitals. Upon such collaboration, the sleep trackers would become part of clinical practice for health professionals by tracking the patients remotely and implementing their interventions based on their needs. As the healthcare field is becoming increasingly telemedicine and remote monitoring, so this will add to sleep tracking devices being even more a part of medical care and open many new chances for market growth.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Smart Sleep Tracking Device Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Smart Sleep Tracking Device Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


Which are some of the players operating in the Smart Sleep Tracking Device market?

Players operating in the market are Nokia Corporation, Philips Healthcare, Fitbit, Inc., Apple Inc., Emfit Ltd., ResMed, Beddit, Samsung Group, Garmin Ltd

Which segment accounts for highest revenue by type in 2023?

Wearable Devices segment, by type, dominated the market in 2023.

Which region dominated the Smart Sleep Tracking Device market in 2023?

North America region dominated the Smart Sleep Tracking Device market in 2023.

What are the factor that act as a opportunity for market growth?

Benefits of Corporate Wellness Programs act as a opportunity for growth of the market in forecast period.

What is the expected CAGR of the Smart Sleep Tracking Device Market?

The Smart Sleep Tracking Device Market is estimated to witness a CAGR of 16.5% from 2023 to 2031

What are the driving factors impacting the Smart Sleep Tracking Device market?

The major factors driving the Smart Sleep Tracking Device market are:

1. Sleep Awareness

2. Growth of Wearable Technology

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Sleep Tracking Device Market - By Type
1.3.2 Smart Sleep Tracking Device Market - By Technology
1.3.3 Smart Sleep Tracking Device Market - By Distribution Channel
1.3.4 Smart Sleep Tracking Device Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SMART SLEEP TRACKING DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. SMART SLEEP TRACKING DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. SMART SLEEP TRACKING DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART SLEEP TRACKING DEVICE - GLOBAL MARKET OVERVIEW
6.2. SMART SLEEP TRACKING DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SMART SLEEP TRACKING DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WEARABLE DEVICES
7.3.1. Overview
7.3.2. Wearable Devices Market Forecast and Analysis
7.4. NON-WEARABLE DEVICES
7.4.1. Overview
7.4.2. Non-Wearable Devices Market Forecast and Analysis
8. SMART SLEEP TRACKING DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SENSING TECHNOLOGY
8.3.1. Overview
8.3.2. Sensing Technology Market Forecast and Analysis
8.4. COMPUTING TECHNOLOGY
8.4.1. Overview
8.4.2. Computing Technology Market Forecast and Analysis
8.5. DISPLAY TECHNOLOGY
8.5.1. Overview
8.5.2. Display Technology Market Forecast and Analysis
9. SMART SLEEP TRACKING DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKET/SUPERMARKET
9.3.1. Overview
9.3.2. Hypermarket/Supermarket Market Forecast and Analysis
9.4. ONLINE RETAIL
9.4.1. Overview
9.4.2. Online Retail Market Forecast and Analysis
9.5. SPORTS STORE
9.5.1. Overview
9.5.2. Sports Store Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. SMART SLEEP TRACKING DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Smart Sleep Tracking Device Market Overview
10.1.2 North America Smart Sleep Tracking Device Market Forecasts and Analysis
10.1.3 North America Smart Sleep Tracking Device Market Forecasts and Analysis - By Type
10.1.4 North America Smart Sleep Tracking Device Market Forecasts and Analysis - By Technology
10.1.5 North America Smart Sleep Tracking Device Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Smart Sleep Tracking Device Market Forecasts and Analysis - By Countries
10.1.6.1 United States Smart Sleep Tracking Device Market
10.1.6.1.1 United States Smart Sleep Tracking Device Market by Type
10.1.6.1.2 United States Smart Sleep Tracking Device Market by Technology
10.1.6.1.3 United States Smart Sleep Tracking Device Market by Distribution Channel
10.1.6.2 Canada Smart Sleep Tracking Device Market
10.1.6.2.1 Canada Smart Sleep Tracking Device Market by Type
10.1.6.2.2 Canada Smart Sleep Tracking Device Market by Technology
10.1.6.2.3 Canada Smart Sleep Tracking Device Market by Distribution Channel
10.1.6.3 Mexico Smart Sleep Tracking Device Market
10.1.6.3.1 Mexico Smart Sleep Tracking Device Market by Type
10.1.6.3.2 Mexico Smart Sleep Tracking Device Market by Technology
10.1.6.3.3 Mexico Smart Sleep Tracking Device Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Smart Sleep Tracking Device Market Overview
10.2.2 Europe Smart Sleep Tracking Device Market Forecasts and Analysis
10.2.3 Europe Smart Sleep Tracking Device Market Forecasts and Analysis - By Type
10.2.4 Europe Smart Sleep Tracking Device Market Forecasts and Analysis - By Technology
10.2.5 Europe Smart Sleep Tracking Device Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Smart Sleep Tracking Device Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Smart Sleep Tracking Device Market
10.2.6.1.1 Germany Smart Sleep Tracking Device Market by Type
10.2.6.1.2 Germany Smart Sleep Tracking Device Market by Technology
10.2.6.1.3 Germany Smart Sleep Tracking Device Market by Distribution Channel
10.2.6.2 France Smart Sleep Tracking Device Market
10.2.6.2.1 France Smart Sleep Tracking Device Market by Type
10.2.6.2.2 France Smart Sleep Tracking Device Market by Technology
10.2.6.2.3 France Smart Sleep Tracking Device Market by Distribution Channel
10.2.6.3 Italy Smart Sleep Tracking Device Market
10.2.6.3.1 Italy Smart Sleep Tracking Device Market by Type
10.2.6.3.2 Italy Smart Sleep Tracking Device Market by Technology
10.2.6.3.3 Italy Smart Sleep Tracking Device Market by Distribution Channel
10.2.6.4 Spain Smart Sleep Tracking Device Market
10.2.6.4.1 Spain Smart Sleep Tracking Device Market by Type
10.2.6.4.2 Spain Smart Sleep Tracking Device Market by Technology
10.2.6.4.3 Spain Smart Sleep Tracking Device Market by Distribution Channel
10.2.6.5 United Kingdom Smart Sleep Tracking Device Market
10.2.6.5.1 United Kingdom Smart Sleep Tracking Device Market by Type
10.2.6.5.2 United Kingdom Smart Sleep Tracking Device Market by Technology
10.2.6.5.3 United Kingdom Smart Sleep Tracking Device Market by Distribution Channel
10.2.6.6 Rest of Europe Smart Sleep Tracking Device Market
10.2.6.6.1 Rest of Europe Smart Sleep Tracking Device Market by Type
10.2.6.6.2 Rest of Europe Smart Sleep Tracking Device Market by Technology
10.2.6.6.3 Rest of Europe Smart Sleep Tracking Device Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Smart Sleep Tracking Device Market Overview
10.3.2 Asia-Pacific Smart Sleep Tracking Device Market Forecasts and Analysis
10.3.3 Asia-Pacific Smart Sleep Tracking Device Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Smart Sleep Tracking Device Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Smart Sleep Tracking Device Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Smart Sleep Tracking Device Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Smart Sleep Tracking Device Market
10.3.6.1.1 Australia Smart Sleep Tracking Device Market by Type
10.3.6.1.2 Australia Smart Sleep Tracking Device Market by Technology
10.3.6.1.3 Australia Smart Sleep Tracking Device Market by Distribution Channel
10.3.6.2 China Smart Sleep Tracking Device Market
10.3.6.2.1 China Smart Sleep Tracking Device Market by Type
10.3.6.2.2 China Smart Sleep Tracking Device Market by Technology
10.3.6.2.3 China Smart Sleep Tracking Device Market by Distribution Channel
10.3.6.3 India Smart Sleep Tracking Device Market
10.3.6.3.1 India Smart Sleep Tracking Device Market by Type
10.3.6.3.2 India Smart Sleep Tracking Device Market by Technology
10.3.6.3.3 India Smart Sleep Tracking Device Market by Distribution Channel
10.3.6.4 Japan Smart Sleep Tracking Device Market
10.3.6.4.1 Japan Smart Sleep Tracking Device Market by Type
10.3.6.4.2 Japan Smart Sleep Tracking Device Market by Technology
10.3.6.4.3 Japan Smart Sleep Tracking Device Market by Distribution Channel
10.3.6.5 South Korea Smart Sleep Tracking Device Market
10.3.6.5.1 South Korea Smart Sleep Tracking Device Market by Type
10.3.6.5.2 South Korea Smart Sleep Tracking Device Market by Technology
10.3.6.5.3 South Korea Smart Sleep Tracking Device Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Smart Sleep Tracking Device Market
10.3.6.6.1 Rest of Asia-Pacific Smart Sleep Tracking Device Market by Type
10.3.6.6.2 Rest of Asia-Pacific Smart Sleep Tracking Device Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Smart Sleep Tracking Device Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Smart Sleep Tracking Device Market Overview
10.4.2 Middle East and Africa Smart Sleep Tracking Device Market Forecasts and Analysis
10.4.3 Middle East and Africa Smart Sleep Tracking Device Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Smart Sleep Tracking Device Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Smart Sleep Tracking Device Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Smart Sleep Tracking Device Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Smart Sleep Tracking Device Market
10.4.6.1.1 South Africa Smart Sleep Tracking Device Market by Type
10.4.6.1.2 South Africa Smart Sleep Tracking Device Market by Technology
10.4.6.1.3 South Africa Smart Sleep Tracking Device Market by Distribution Channel
10.4.6.2 Saudi Arabia Smart Sleep Tracking Device Market
10.4.6.2.1 Saudi Arabia Smart Sleep Tracking Device Market by Type
10.4.6.2.2 Saudi Arabia Smart Sleep Tracking Device Market by Technology
10.4.6.2.3 Saudi Arabia Smart Sleep Tracking Device Market by Distribution Channel
10.4.6.3 U.A.E Smart Sleep Tracking Device Market
10.4.6.3.1 U.A.E Smart Sleep Tracking Device Market by Type
10.4.6.3.2 U.A.E Smart Sleep Tracking Device Market by Technology
10.4.6.3.3 U.A.E Smart Sleep Tracking Device Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Smart Sleep Tracking Device Market
10.4.6.4.1 Rest of Middle East and Africa Smart Sleep Tracking Device Market by Type
10.4.6.4.2 Rest of Middle East and Africa Smart Sleep Tracking Device Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Smart Sleep Tracking Device Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Smart Sleep Tracking Device Market Overview
10.5.2 South and Central America Smart Sleep Tracking Device Market Forecasts and Analysis
10.5.3 South and Central America Smart Sleep Tracking Device Market Forecasts and Analysis - By Type
10.5.4 South and Central America Smart Sleep Tracking Device Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Smart Sleep Tracking Device Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Smart Sleep Tracking Device Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Smart Sleep Tracking Device Market
10.5.6.1.1 Brazil Smart Sleep Tracking Device Market by Type
10.5.6.1.2 Brazil Smart Sleep Tracking Device Market by Technology
10.5.6.1.3 Brazil Smart Sleep Tracking Device Market by Distribution Channel
10.5.6.2 Argentina Smart Sleep Tracking Device Market
10.5.6.2.1 Argentina Smart Sleep Tracking Device Market by Type
10.5.6.2.2 Argentina Smart Sleep Tracking Device Market by Technology
10.5.6.2.3 Argentina Smart Sleep Tracking Device Market by Distribution Channel
10.5.6.3 Rest of South and Central America Smart Sleep Tracking Device Market
10.5.6.3.1 Rest of South and Central America Smart Sleep Tracking Device Market by Type
10.5.6.3.2 Rest of South and Central America Smart Sleep Tracking Device Market by Technology
10.5.6.3.3 Rest of South and Central America Smart Sleep Tracking Device Market by Distribution Channel

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. SMART SLEEP TRACKING DEVICE MARKET, KEY COMPANY PROFILES
12.1. NOKIA CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. PHILIPS HEALTHCARE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. FITBIT, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. APPLE INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EMFIT LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. RESMED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BEDDIT
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SAMSUNG GROUP
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. GARMIN LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SLEEPACE
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Nokia Corporation
2. Philips Healthcare
3. Fitbit, Inc.
4. Apple Inc.
5. Emfit Ltd.
6. ResMed
7. Beddit
8. Samsung Group
9. Garmin Ltd.
10. Sleepace

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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