Infinium Global Research has added a new report on Global Smart Shoes Market. The report covers the analysis of global as well as regional markets of Smart Shoes. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
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Smart Shoes Market
The major companies in the smart shoes market are Under Armour Inc., B-Shoe Ltd., Digitsole, Lechal, Boltt, Intellinium, Orphe, Salted Venture, Li Ning, Puma SE, and other companies. The smart shoes manufacturers are focusing on mergers and acquisitions to innovate new features in smart shoes.
Smart Shoes Market: Drivers, Restraints, and Opportunities
The rising popularity of smart and fashionable wearable devices drives the growth of the smart shoes market. Smart shoes consist of rigid sensor positions on the foot that offer accurate and flexible biomechanical analysis. Smart shoes features include inertial magnetic measurement units, satellite navigation systems, pressure sensors, ambient environmental sensors, and internal status sensors.
The growing demand for shoes with such features stimulates the growth of the smart shoes market. Smart shoes provide health benefits such as individual disease monitoring, diagnostic workup, and therapeutic decisions with a continuous assessment of gait and mobility. The rising awareness about health benefits provided by smart shoes contributes to the growth of the smart shoes market.
In addition, smart shoes are helpful for blind people and physically disabled people. On the flip side, a lack of technical knowledge and resources to manufacture smart shoes restraints the growth of the smart shoes market. Moreover, technological advancement innovates novel features in smart shoes that create numerous opportunities for the smart shoes market.
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Smart Shoes Market: Segmentation
The smart shoes market is segmented on the basis of product type, distribution channel, and end user. On the basis of product type, the smart shoes market is divided into step counting shoes, positioning shoes, navigation shoes, and other product types. Step counting shoes account for a larger share in the product type segment of the smart shoes market owing to the rising use of smart shoes in walking and jogging. Based on the distribution channel, the smart shoes market is classified into retail stores, supermarkets, and online channels. End-user includes men, women, and kids.
Smart Shoes Market: Regional Analysis
The global smart shoes market is segmented based on region into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a dominant share in the global smart shoes market. The technical expertise and rising investment in research and development contribute to the growth of the North America smart shoes market. Asia-pacific region is projected to grow in the global smart shoe market, with a healthy CAGR over the forecast period. The new product launches of smart shoes in countries like India and China fuel the growth of the Asia-Pacific smart shoe market.
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