James P DeVellis on Wearable Technology: 5 Biggest Major Players and What They Have Up Their Sleeve
James P DeVellis is passionate about technology; so much so that he spends all his free time reading the latest news about disruptive technologies. Read his blog below about wearables:
The market for wearable technology is seen to hit some $51 billion by the year 2022, posting more than triple growth. James P DeVellis shares that the public will be seeing more variety in wearable technology products moving forward, from wristwear and headwear to eyewear, bodywear, and footwear. As the Internet of Things heralds greater connectivity among users and their gadgets, now may be a good time to look at what developments the biggest players have on the pipeline:
1. Apple – Apple still reigns as the best maker of functional and fashionable smartwatches. Combined with its wireless headphones, sales have reportedly breached the $5 billion mark. Aside from measuring and reporting health information, Apple is rumored to have micro-LED displays planned next for its line of smartwatches – a big move as it currently relies on Samsung Electronics to manufacture the light-emitting diode technology. James P DeVellis fully expects Apple to continue pushing the envelope with smartwatch design as well.
2. Fitbit – Inching closer bit by bit to Apple’s dominance is Fitbit. The company failed to have made fitness tracking fashionable, Fitbit recently enjoyed a two-year dominance over Apple in the smartwatch category. While they may have lost market share, the company is nevertheless pushing through with plans to develop devices for tracking sleep apnea. James P DeVellis believes the sleeping disorder is a big market with lots of upside for Fitbit. This is because it is estimated some 18 million Americans suffer from sleep apnea.
3. Xiaomi – Xiaomi managed to squeeze into the often believed saturated market of smartphones by providing affordable and value-for-money devices. Now the Chinese electronics giants will go toe-to-toe against Apple and Fitbit with the Mi fitness band. Xiaomi’s global head has announced that the company will continue to invest in emerging technologies, such as virtual reality, robotics and artificial intelligence – music to the ears of tech heads like James P DeVellis.
4. LifeSense – Apart from the fitness trackers of Apple and Fitbit, LifeSense has set its sights on creating wearables for a variety of health applications. Its latest product, Carin, is a wearable pelvic floor exerciser! Carin is touted to help women with bladder control as well. James P DeVellis is curious what male-specific products LifeSense will come up with. LifeSense currently trails behind Apple, Fitbit, Xiao, and Garmin in the wearable technology market.
5. Garmin – Hardcore sports enthusiasts have a bias for Garmin wearables. These devices can measure a golfer’s swing speed, a swimmer’s strokes, and a cyclist’s oxygen efficiency, among others. James P DeVellis shares that not a lot of people know that the company pioneered GPS devices in cars, so there’s reason to believe that Garmin’s growth engines in the wearables segment remain robust. This is a company that survived an ill-timed IPO and the dot-com bubble burst, after all.
Stay tuned to this page to read more from James P DeVellis.