Fitness, sports monitor market stretches higher
However, the growth rate is set to decline with a compound annual growth rate (CAGR) of about 5 percent until 2019 when the market will reach about $1.7 billion, Silverblip said.
This is in contrast to the activity monitoring market, which Silverblip measures separately. The activity monitor market is smaller – worth about $300 million in 2014 – but growing faster. It was up 30 percent in 2014 on an annual basis and is showing a CAGR of 10 to 12 percent out to 2019.
Market for fitness and sports monitors, including heart-rate monitors ($millions). Source: Silverblip.
These market figures are taken from a Silverblip report, Fitness and sport monitors, devices and solutions; a sensor view v2.03.
Next: About the report
The report presents the technical concepts behind fitness and sports monitors as well as the sensors used. It describes current products and players in the market and looks forward to next developments.
It lists the top five heart rate monitor suppliers for sport and fitness applications as Garmin, Polar, Timex, Suunto and Adidas.
The report recognizes that big mobile players such as Samsung, LG and Apple are moving in although the focus of their products is the generic smartwatch while map providers, such as TomTom and Magellan are focusing on fitness and sports devices and activity monitor providers, such as Fitbit, are expanding in to fitness and sports.
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