GlobalData Identifies Top Wearable Companies in New Report

GlobalData has released its latest report, “Wearable Technology in Healthcare – Thematic Research.”

It cites that over 10 percent of the adult population in the United States is expected to adopt smartwatches in 2019. The company foresees that competition in the segment is vastly increasing.

Wearables can collect large amounts of data and are easily categorized with software systems for analysis. Big tech companies such as Google are developing algorithms that interpret large collections of data from wearable sensors.

Apple leads the market after entering in 2015 with its first smartwatch. The company has since moved over to hearables with the Apple AirPods in 2016. Facebook has begun to work on a wearable band that can teach people how to feel words. Other companies include FitBit, which offers a range of connected health and fitness devices ranging from smartwatches to wristbands, activity trackers and wireless headphones. Huawei offers low-cost fitness trackers and smartwatches in the global wearables market. Qualcomm is involved in developing custom silicon chips for wearable devices, primarily for OEMs utilizing the Google Wear OS. Sony’s wearable types include smartwatches, activity trackers and VR headsets. Vuzix is an up and coming brand in the wearables market. This company offers display technologies and software products. Xiaomi’s product offerings include the Mi Band fitness trackers, which accounted for approximately one-quarter of the company’s shipments in Q4 2018.