Market Overview
The Kid's smartwatches have become important for the children and their parents. The smartwatch is equipped with health parameters tracking, GPS tracking, telecommunication, music players, emergency alert, parental supervision, and others. These advanced features are driving the demand of the Kids Smartwatch Market Size.
There are various advantages that are accelerating its preference globally. The kid's smartwatches are beneficial for monitoring the health parameters. Other essential features, such as the mood tracker, GPS tracker, and health and fitness tracker, are installed to share the updates with the parent through SMS. The device also monitors the sleep quality of the child. These factors are boosting the Kids Smartwatch Market Size.
The rise in the number of the consumer base for the usage of electronic devices is fueling up the market's demand. Moreover, these smart devices are available in an affordable range. The higher rate of the production of semiconductor devices is accelerating the growth rate of the Kid's smartwatch industry.
During the pandemic, the market faced issues due to less production rate. But the awareness among the parents to track their children's health due to the coronavirus outbreak has increased the market's demand. The health monitoring features increased the market value in this period. In the future, the market will maintain its growth consistency.
The Kids Smartwatch Market will reach a valuation of USD 2.29 Billion and a CAGR of 18.4 % between 2020 to 2030 in the forecast period.
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Key Players
Doki Technologies, LG Electronics, VTech Holdings, Huawei Technologies, GPS, Image, Pebble, Precise Innovation, Tencent Holdings, Tinitell AB, Xiaomi Global Community
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Market Segmentation
The Kids Smartwatch Market is segmented into type, application, functionality type, product type and age limitation.
The type segment consists of Integrated Kids' Smartwatch and Standalone Kids' Smartwatch.
The application section is fragmented into individual use, school and kids training organization.
The functionality type segment is categorized into functional type and smart type. The product type segment is classified into integrated and standalone.
The age limitation segment of the market includes 0-6 Years and 7-12 Years.
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Regional Analysis
According to the geographical status, the Kids Smartwatch Market is distributed into major continents such as North America, Asia Pacific, Europe and the rest of the world.
Among the other regions, North America is capturing the largest market share in past years. It is observed that it covers one-third of the total market share. The region will show consistent growth due to the adoption of smart technologies.
In other regions of the world, such as Latin America and the Middle East, and Africa, it will showcase a healthy CAGR rate in the forecast period.
The Asia Pacific region is showing steady growth because of the presence of emerging country China, adopting the latest smart technologies. It is propelling the regional growth of the market. Furthermore, the availability of electronic products increased disposable incomes, and the higher rate of consumers is driving the overall growth of the Kids Smartwatch Market.