Smart Sleep Tracking Device Market By Type (Wearable Devices and Non-Wearable Devices), By Technology (Sensing Technology, Computing Technology, and Display Technology), By Distribution Channel (Hypermarket/Supermarket, Online Retail, Sports Store, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Smart sleep tracking device is type of device used to track the sleep of a person. The sleep tracker device records the sleep data and gives a complete analysis of the person’s sleep. It also tracks the breathing and snoring, heart rate, time asleep, bedroom temperature and humidity. Smart sleep device is included with various characteristics such as, it automatically senses the time when the person goes to bed and try to sleep and also wakes the person up with the help of alarm.

Growing awareness among people about the benefits of keeping a check on health and sleep conditions

Smart sleep tracking devices has various benefits. For example, smart sleep tracking devices enables the person to know the time and duration of deep sleep along with heart rate count per section of time. Smart sleep tracking devices also includes sensors, which tell us about the movement of an individual while sleeping. Some smart sleep tracking devices are so exact that they also provide data regarding heart rate and sleep conversion rate on one side of the bed to the other side of the bed. Further, there are various other beneficial features offered by smart sleep tracking devices such as sleeping coaching, sleep reminders, and others. Smart sleep tracking devices also provides in-depth tracking of light, deep and REM sleep stages, compare sleep score against the average for people with similar age and gender and measure noise, temperature, and light in the bedroom. The devices can be also be synchronized with a person’s breathing to produce relaxing sounds through the phone.

Growing adoption of technologically advanced devices

Apple Inc., has announced that it is testing a sleep monitor for a future version of its smartwatch. This feature will drive the company’s in the health- and fitness-tracking market.
From several months Apple Inc. has been offering the sleep-tracking feature with testers at secret sites around its Cupertino, California, headquarters according to the people familiar with the work. The company plans to add it to the Apple Watch by 2020, if its functionality is successful in the testing stages.

However, one of the factor that hampers the smart sleep tracking device market is the duplicity of these products which does not provide the insights required and also maintains a bad impression for the smart sleep tracking device. Additionally, it is expensive for the developing nations and is thus hampering its full-fledged usage in those regions.

The global smart sleep tracking device market is segmented based on type, technology, distribution channel, and region.

On the basis of type, the global smart sleep tracking device market is segmented into wearable devices and non-wearable devices. Based on technology, the target market is segmented into sensing technology, computing technology, and display technology. On the basis of distribution channel, the target market is classified into hypermarket/supermarket, online retail, sports store, and others

Regional Insights:

On region the global smart sleep tracking device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be the smartest segment in terms of value in the smart sleep tracking device market, owing to technological advancements being made in the region, rapid urbanization and increase in sleeping disorders. The North America region is anticipated to be tracked by Western Europe in the smart sleep tracking device market owing to prominent support from countries, such as the France and U.K. Smartphone penetration and increased connectivity will boost the growth of the smart sleep tracking device market and drive to the revenue generation from the region.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global smart sleep tracking device market report based on type, technology, distribution channel, and region:

Global Smart Sleep Tracking Device Market, By Type:

• Wearable Devices
• Non-Wearable Devices

Global Smart Sleep Tracking Device Market, By Technology:

• Sensing Technology
• Computing Technology
• Display Technology

Global Smart Sleep Tracking Device Market, By Distribution Channel:

• Hypermarket/Supermarket
• Online Retail
• Sports Store
• Others

Global Smart Sleep Tracking Device Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

The key players operating the global smart sleep tracking device market includes Apple Inc., Phillips Healthcare, Fitbit Inc., Emfit Ltd., Samsung Electronics Co., Ltd., Garmin Ltd., ResMed Inc., Nokia Corporation, and Sleepace. Prominent players working in the target market are focusing on launching of the products in order to gain competitive edge in the global market. For instance, on September 2019, Royal Philips, a global leader in health technology, launched its expanded SmartSleep suite of solutions in the U.S. In January 2019, it was first introduced at the Consumer Electronics Show. Philips SmartSleep solutions mission is to improve the millions consumers lives by giving a breadth of solutions to improve sleep issues varying from difficulty falling asleep to snoring.

• Apple Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Phillips Healthcare
• Fitbit Inc.
• Emfit Ltd.
• Samsung Electronics Co., Ltd.
• Garmin Ltd.
• ResMed Inc.
• Nokia Corporation
• Sleepace

 “*” marked represents similar segmentation in other categories in the respective section