Although the activity tracker market is becoming increasingly crowded there is still room for innovation and for new products to capture the imagination of consumers.
Indiegogo continues to be one of the major enablers for entrepreneurs to reach a wide audience and help get their products to market and move from a concept to production.
The Sync Smartband is another device that is making waves on Indiegogo and has reached its rather modest goal of raising $50k with almost 4 weeks to go before funding close date. The underlying technology doesn’t seem to be all that different from other products on the market – it seems to uses Bluetooth for proximity, tracking and connection to a smartphone/tablet and an accelerometer for motion detection. What sets this product apart from others though is that it is aiming at a family market.
We’ll be keeping an eye on this campaign, our guess is that it is on track to reach $200k+ before the campaign is over.
The latest press release from the World Semiconductor Trade Statistics (WSTS) predicts good news for semiconductor suppliers in the short term.
WSTS expects the overall market to grow 6.5% in 2014 (from 2013) to reach total annual revenues of US$325 billion. It stated “All major product categories will show a high single digit growth rate, except microprocessors which will show a soft decline. The growth will be largely driven by smartphones, tablets and automotive. The highest growth rates are shown for the Analog (9.1%) and Sensor (9.1%) category. ”
SensiAn Research’s assumption is that while overall microprocessor revenue may be falling the market for microcontrollers is growing as many low power devices associated with IoT (wearable devices, beacons, etc.) are growing rapidly.
WSTS predict that overall market growth will continue into 2015 and 2016 reaching US$350 billion in 2016.
Wearables and Beacons come together in a system to track the elderly and vulnerable in the home. CarePredict is soon to start shipping an activity monitor and beacon system that can continuously track a persons movements and vital signs and then transmit them via beacons/hubs situated around the home to a loved one or care professional.
Uses Bluetooth for communication between the 2 devices, Wi-Fi to send data to the cloud and then alerts, when needed, can be sent over a cellular network.
A video has been released showing the basic functionality of #Moto 360http://ow.ly/yH8SV . I do think this is a neat looking watch, seems good quality and an attractive design, however I’m still unconvinced of the possible shipment volumes of a device like this. All down to the price.
Apple’s first smartwatch draws closer to mass production http://ow.ly/ytvGK via @guardian will it really be differentiated enough from all the others in an increasingly crowded market? Some would say it doesn’t really matter as Apple already have a large following that will buy the device whether or not it is superior to others. We shall see…..
The wearable devices market is emerging as one of the first segments of the Internet of Things (IoT) to see widespread adoption and consumer acceptance. Wearable devices are not new to the wellness market; heart rate monitors and sports watches have been around for many years. However, what is changing is the breadth of wearable devices that are emerging and the increasing amount of technology being used. This market is building into a potentially large and very lucrative one for device vendors and their suppliers. Activity monitors, smart sports watches, heart rate monitors, and smart clothing are all becoming significant markets for technology vendors and the list of device types continues to grow.
Section 1 of this study will provide an in depth analysis of the main wearable device markets today and look at future device types. It will discuss key specifications, notable products, and device vendors, and provide equipment market data from 2010 to 2020 together with technology attach rates.
Section 2 of this study is aimed at technology / component vendors and will provide a comprehensive analysis of the markets for operating systems, sensors, connectivity technologies, micros, and energy sources in the consumer wearable devices market.
We are currently accepting sponsors for the research, please contact us if you require more information.
More details can be found in the PDF proposal document below.