The Asia-Pacific smart shoes market is anticipated to augment at an exponential growth during the forecast period as the market is at the nascent stage in the region. The growth of the market is attributed to the growing millennials and generation Z demand for smart products. Additionally, the increasing athletic activities among the population is also driving the adoption of smart shoes. Moreover, regional smart shoe industry players are also expanding their operations in the global market which is also expected to propel the market growth. For instance, in September 2016, Indian startup Boltt Sports Technologies had introduced smart shoes in the US. These smart shoes scientifically improve running and fitness levels and provide real-time feedback to the consumer. With time, the global footwear brands are also expected to enter the Asia-Pacific smart shoes market, which will further increase the options available to the end-user. However, the usage of smart shoes for medical facilities is expected to be low as compared to developed economies, which is a challenge for the growth of the market during the forecast period. 

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The Asia-Pacific smart shoes market is segmented based on end-users and distribution channels. Based on the end-users, the market is sub-segmented into men and women. Men’s smart shoe segment is expected to hold a major market share during the forecast period. Based on the distribution channel, the market is sub-segmented into online, supermarket/hypermarket, and specialty stores. Online stores will gain significant growth during the forecast period. By region, the market is further segmented into China, Japan, India, South Korea, and the Rest of Asia-Pacific. China is expected to hold a major market share in the regional market. 

The key players of the Asia-Pacific smart shoes market include Xiaomi Corp., Lechal (Ducere Technologies), Li Ning (China) Sports Goods Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations with government, and funding to start-ups, new product launch, readjustment of the pricing to stay competitive in the market. 

Research Methodology

The market study of the Asia-Pacific smart shoes market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for sensor development-related companies, shoe manufacturers & distributors, research organizations, government, start-ups, venture capitalists, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Asia-Pacific Smart shoes Market Research and Analysis by End-Users
2. Asia-Pacific Smart shoes Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Asia-Pacific smart shoes market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific smart shoes market.
• Insights about market determinants which are stimulating the Asia-Pacific smart shoes market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.