Global Kids' Smartwatch Market 2017-2021
About Kids' Smartwatch
A smartwatch is a computerized wristwatch with functionality that goes beyond timekeeping. While early models aided in calculations, translations, and games, contemporary smartwatches are recognized as wearable computers. Many smartwatches in the global market are incorporated with mobile operating systems. A few smartwatches function as portable media players and are incorporated with the Bluetooth wireless technology or a Universal Serial Bus (USB) headset.
Technavio’s analysts forecast the global kids' smartwatch market to grow at a CAGR of 15.93% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global kids' smartwatch market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Kids' Smartwatch Market 2017-2021
Technavio recognizes the following companies as the key players in the global kids' smartwatch market: Doki Technologies, LG Electronics, and VTech Holdings.
Other Prominent Vendors in the market are: Huawei Technologies, KGPS, Omate, Pebble, Precise Innovation, Tencent, TINITELL, and Xiaomi Global Community.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in displays of smartwatches. The design and technological features in the displays of smart wearables and smartwatches are geared toward enhancing user experience. Rapid development in smart technology and the advances in the display industry are expected to boost the quality of displays in kids' smartwatches.”
According to the report, one driver in the market is availability of smart notification features that aid in kids' safety. Key manufacturers are manufacturing kids' smartwatches that provide notifications through multiple applications. Smartwatches provide notifications for calls, messages, and alarms while being connected to smartphones. For example, Doki Technologies has designed a kids' smartwatch, which comes with an emergency red SOS button that locates the user via GPS. During emergencies, the kids have the option of pressing the button on their watches to update their contact people about their emergencies or dangers.
Further, the report states that one challenge in the market is low battery life leading to battery runtime. Low battery life is one of the major issues that limit the growth of the global kids' smartwatch market. High power consumption in smartwatches relates to its constant connectivity with wireless networks, GPS, and other apps. Additionally, smartwatches are connected with smartphones for several functions. Of late, smartwatches are incorporated with 300-400 mAh battery capacities that can last for about 14-15 hours. The battery capacity lasts for less than 14-15 hours in case of extensive usage. Low battery life is a challenge faced by both the manufacturers and the consumers. The use of cellular radios and antennas in kids' smartwatches demand strong battery backup.
Doki Technologies, LG Electronics, VTech Holdings, Huawei Technologies, KGPS, Omate, Pebble, Precise Innovation, Tencent, TINITELL, and Xiaomi Global Community.