#Kids’ Market

[futuremarket]

Kids’ Smartwatch Market Is Expected to Attain a Significant Value of USD 1,002.4 Million by 2025

Kids’ Smartwatch Market

aThe global kids’ smartwatch market is expected to reach USD 1,002.4 million by 2025 at a CAGR of 14.76% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

The kids’ smartwatch market spans across North America, Europe, Asia-Pacific Middle East & Africa, and Central and South America

Smartwatch is a portable wearable computing device that closely resembles a wristwatch. The smartwatches for kids are becoming popular as these devices are equipped with features that favor a child’s development along with various entertainment and educational features. Also, through in-built GPS-tracker in these smartwatches, parents can stay connected to their children with ease. Smartwatches usually have their own apps that are capable of gathering and tracking data regarding the exact location of kids. Some smartwatches also consist of features such as a small and unobtrusive (SOS) button that alerts the parents if the child is in distress and a geofencing function that sends an alert whenever the child enters or leaves a designated area.

The geographic analysis of the kids’ smartwatch market has been conducted for North America, Europe, Asia-Pacific (APAC), the Middle East and Africa, and Central and South America. Asia-Pacific accounted for the largest market share in 2018, with a market value of USD 147.0 million; the market is expected to register a significant CAGR during the forecast period. The significant gadget consuming culture of China, availability of local brands providing affordable products, fast adoption of new technologies, and increasing middle-class population with high disposable income are some of the factors influencing the demand for kids’ smartwatches.

In Europe, the technology has mostly been adopted in the UK, and other countries such as Italy and Spain are relatively slow in adopting it. Furthermore, few of the smartwatch’s brands have also been recalled by the European Commission following privacy concerns. One such instance is the product recall of kids’ smartwatch named Enox Safe-Kid-One as it was discovered that the smartwatch could easily be hacked by third parties, thus allowing strangers to keep track of children.

The features that attract consumers towards kids’ smartwatch include health monitoring, GPS tracking ability, and task tracking. According to Centers for Disease Control and Prevention (CDC), the prevalence of obesity among children and adolescents aged 2–19 years was 18.5% affecting 13.7 million kids and adolescents in 2018 in the US. Therefore, parents are becoming more conscious regarding their children’s health and safety, which is encouraging them to buy kids’ smartwatch.

Competitive Analysis

The key players of the global Kids’ Smartwatch market are Fitbit, Inc. (US), Huawei Technologies Co. Ltd (China), VTech Holdings Limited (Hong Kong), Garmin Ltd (Switzerland), Doki Technologies (Hong Kong), JOY FamilyTech, Inc. (California), Shenzhen Continental Wireless Co., Ltd (China), Omate Inc. (China), Franciscan Solutions Private Limited (India), KD Group (Spain), SIBYL WORLD SDN BHD (China), TickTalk (US), among others.

In July 2019, Doki Technologies launched DokiPal—a 4G LTE smartwatch for kids featuring AI voice assistant, video calling, and location tracking. The watch is water-resistant and includes a fitness tracking leaderboard. It is also compatible with iOS and Android devices to enable parents to communicate with their kids and track their activities remotely.

In January 2019, JOY partnered with Pfizer Mexico to distribute the Octopus Watch, to children in Mexico living with chronic health conditions such as growth hormone deficiency (GHD). The watch is capable of alerting patients to take daily medications in an interactive way.

In May 2019, Abardeen launched a 3-in-1 Modular Gizmo for kids—Novus. The wearable device is a combination of phone, smartwatch, and home assistant to allow children to safely use the Internet and stay connected with their parents.

In November 2018, JOY Familytech Inc. developed an AI-powered coaching platform—the Octopus Watch Motion Edition Combo—to encourage healthy habits and motivates kids to stay active with its new fitness tracker.

More Information@

Kids Smartwatch Market by Type, Application, Growth and Analysis – 2024 | MRFR

Kids Smartwatch Market is anticipated to register a 14.76% CAGR, registering substantial growth…

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