Wearable devices can capture important statistical data of field workers and monitor their health conditions and transmit these data to the command center in real time.
Smart watches are king
According to GlobalData, smart watches account for nearly 60% of the entire wearable device market. Consumers are increasingly inclined to access smart phone-like functions through their watches, which is still the main growth driver. As a complement to this factor, technological improvements such as seamless body integration, health and fitness information accessibility, and modular aesthetics are key growth drivers for smartwatch adoption.
Custom silicon driven smart watches
Although it is well known that the smartphone component ecosystem has played a key role in the wearable device industry, the next wave of innovation is being driven by dedicated chips. Not only did Apple build a unique processor and sensor in Apple Watch, but the company also uses its own chip to implement Bluetooth in AirPod wireless headsets. Suppliers that cannot directly compete with Apple for smart watch processors are turning to Qualcomm.
Fitness trackers are losing to smart watches
The decline in the popularity of fitness trackers in mature markets can be attributed to the rapid replication of their unique selling proposition (USP) in smart watches. Beyond the USP of fitness trackers, such as steps, calories burned, sleep patterns, walking/running distance, etc., smart watches now provide improved statistics-such as ECG, non-invasive blood glucose monitoring and fall detection-and social connections.
Smart glasses are being commercialized
Glasses are becoming smarter and smarter, all thanks to augmented reality (AR) and virtual reality (VR). Tech giants continue to invest in the development and use of AR and VR outside of the known application areas, and the surge in enterprise demand is driving the growth of smart glasses. From first-person imaging to enhanced steering, facial recognition, and health perception, AR is pushing smart glasses to penetrate multiple areas of the Internet-connected society.
Ear-worn devices are getting smarter
Ear-worn devices are one of the first wearable technologies developed to enhance hearing. In the past three to four years, people’s interest in combining hearing aids with entertainment properties has risen sharply, leading to the emergence of smart ear-worn devices or “ear-worn devices.” Although the market is still in the early stages of adoption, ear-worn devices offer limitless possibilities in the healthcare and fitness sectors.
Smart clothing becomes popular According to a survey by the World Economic Forum (WEF), 92.1% of business leaders believe that by 2025, 10% of people will wear connected clothing. The smart clothing market is in the early stages of testing, with few products, including NadiX yoga leggings, Sensoria socks, Ambiotex smart shirts and Supa Bras, which are available on the market. The slow but growing popularity of these products reflects the nascent demand for fitness-centric clothing with embedded sensors and Internet connections in the mass market.