A peek into the wearable technology industry

We all know that there is an incredible excitement in the industry about the wearable technology. The impact of wearable technology can be seen in every walk of life from entertainment to education, communication to navigating but they aren’t new. Smart wearable gadgets have been around us for about forty years,  just like the famous Jetsons cartoons predicted wearable technologies in the 1960’s.  In 1975 Pulsar came out with the world’s first ever LED calculator watch, since then these wearable gadgets have evolved in almost every field of technology.

How big is Wearable Industry

According to a survey almost 39.5 million U.S. adults, 18 and above, used smart wearable devices in 2015, of which a large part consisted of fitness trackers and smart watches.  According to Forbes, wearable tech industry will boom in the next five years with an approximate 126.1 million devices expected to ship in 2019. Smart watches are giving a hard blow to traditional watches. There is no surprise that watchmakers like Fossil, Guess, TAG Heuer, and Frederique Constant have started adding smart watches to their list of products. As mentioned by George Jijiashvili, wearable analyst at CCS Insight " The buzz created by the Apple watch has raised awareness levels to a point where traditional watchmakers can no longer ignore the threat . " Now let's have a look at the predicted wearbales boom from 2014 to 2019.

Evolution of Wearable Devices

The wearable technology industry is to be at a worth of $25 billion by 2019, let’s have a look at the evolution of wearable technology. One should be familiar with the fact that one of the key factors in evolution of wearable technology is the use of smart phones and mobile apps which enables wearable to perform with efficiency and accuracy

  • Nokia in 2002 introduced its Bluetooth headset allowing users to take calls hands free so they can have their hands free while driving or doing some important work

  • In 2006 Nike+iPod sports kit was introduced which measured and recorded the distance and pace while jogging or walking. While FitBit classic was introduced later based on same schematics

  • In earlier 2013 Google introduced its first ever Smartphone glasses called the “Google glass”, which resembled standard eye glasses with the difference that lenses were replaced with a head-up display for the display of information

  • Recently virtual reality headsets are trending with Oculus rift taking the lead in the new era of technology wearable providing visual reality which takes users inside games and other virtual worlds to experience

Wearable Tech in Healthcare

Along with other countless benefits, healthcare industry is also getting involved with wearable which is a huge success for wearable industry. For example, with the ability to help analyze data in no time and carrying out the treatment of patients accordingly, the healthcare sector recently experienced Google glasses being experimented by physicians at hospitals around the world. It allowed them to project data in front of their eyes and helped them extract important information and carry out communication.

It is interesting to see the future of wearable technology and how it is developing as a basic necessity for day to day activities and businesses, however with the technology world changing rapidly the complete wonders of technology gadgets are yet to be seen, with more and more gadgets being introduced as flexible, stretchable, bendable and super smart.

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