IT-Hardware & Networking

Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023...
   

Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023, registering a CAGR of 19.6% during the forecast period.
• Few vehicles are deploying health trackers to...
    See More

Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023, registering a CAGR of 19.6% during the forecast period.
• Few vehicles are deploying health trackers to understand the real-time health condition of driving. It is now in experiment mode, in future they will become a must in vehicles and thus will have a high demand
• In the future, health tracking devices may become default features of Smartphones

Description: Manufacturing of Health tracking devices and fitness trackers which tracks heart-rate, blood pressure, respiration rate, temperature, glucose rate, oxygen rate, etc. These are highly useful for patients suffering from BP, Diabetes, Thyroid, and other diseases. Health trackers/wearable fitness trackers market is categorized into wrist-wear, smart garments & body sensors, legwear and others. They have a wide range of sensors to track fitness and health levels.

Opportunities:

• Good Demand
• Great Profits

Risks:

• Competition
• Investment

Dos:

• Study and understand how Fitness tracking devices work
• Understand the market
• Can manufacture various sensors of fitness devices and sell those sensors
• Research where other fields trackers various can be used

Don’t:

• Invest too much
• Hire unskilled

Entrepreneurial skills:

• Exploring the market
• Knowledge of Sensors and other components required for Fitness tracking devices

Conclusion: You can make it either as B2B or enter the retail market. It is very new in this country. The demand will grow in the coming future. A good team of manufacturing and marketing is the key to become successful.

Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial...
   

Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial vehicle deployment type is expected to hold the largest market share in 2023”
• Most of the businesses will get...
    See More

Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial vehicle deployment type is expected to hold the largest market share in 2023”
• Most of the businesses will get benefit from this service

Description: To manufacture Global positioning tracking systems. GPS systems are used in Travel buses, trains, Goods carriers, and other application to know the location. GPS system plays a key role in Autonomous/driverless cars.

Opportunities:

• Great demand
• High profits        
• Commercial vehicles (cars, cargo vehicles) are the biggest market

Risks:

• Competition
• Entrepreneurial Qualities:
• Creativity
• Exploring new markets

Dos:

• Study and understand another GPS providers’ weakness
• Research where other areas trackers can be used and use it as a marketing tool
• Can manufacture GPS chip or complete device

Don’ts:

• Invest too much
• Hire unskilled

Conclusion: As it is a B2B, there is a need for good network and great marketing techniques to get orders. The demand will rise in the coming future and so it is the right time to enter the market to capture that demand. An experienced team is must to become successful.