Market Trends of Wearable Computing Devices Industry
This section covers the major market trends shaping the Wearable Computing Devices Market according to our research experts:
Smart Clothing Expected to Witness Significant Growth
- Potential uses for smart clothing include its capacity to conduct energy, communicate with other devices, change into different materials, and shield its wearer from environmental dangers. The market is anticipated to expand significantly in the upcoming years due to the demand for technical fabrics. Combining semiconductors with these intelligent clothing items will make it easier to monitor industrial worker security and health-related issues.
- AiQ, a Taiwanese smart clothing company, introduced stainless steel fiber-based woven fabric for automotive glass applications.
- Carhartt launched Smart Heated Vest in partnership with clim8. The vest is made to react instantly to shifting environments, exercise levels, and body temperatures. By donning this, employees can avoid overheating in cold-weather gear and clinging to layers of clothing.
- Scientists at Nanyang Technological University in Singapore developed a flexible waterproof fabric capable of converting body movement into electrical energy for powering wearable devices. A distinguished type of polymer is used to design this fabric, which converts vibrations produced by the slightest motions into an electric charge when squeezed.
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North America Expected to Hold Significant Market Share
- North America is one of the largest markets for smart wearables, with the United States leading the market, followed by Canada. The increase in disposable income and the accelerated adoption and demand for new technological gadgets are some of the fundamental drivers of the market.
- According to a survey conducted by Value Penguin in the USA, 92% of Americans wear smartwatches or fitbits to monitor their health. The survey also revealed that 88% of these respondents agree that wearing the watch has helped them achieve a fitness goal by increasing steps and exercising regularly. 70% of netizens are willing to wear a fitness tracker if provided with health insurance discounts.
- The market study by Northside Hospital System showed that online physiotherapy sessions given to patients of total knee arthroplasties saved approximately 2 hours and 20 minutes in travel time and a saving of USD 169.93.
- The demand for exoskeletons in the region is anticipated to aid the growth of the market studied in the region. In August 2022, the Laborers' International Union of North America (LiUNA) sponsored an exoskeleton training session where real-world users who benefited most from the development and introduction of wearables were highlighted.
- US Air Force is adopting this exoskeleton technology. In October 2022, displayed a Roam Robotics-made example of one of these. This exoskeleton aids aerial porter teams in loading and unloading bulky pallets of gear, supplies, and food from transport planes when it is activated by leg braces and a rucksack. Overall, it is advantageous since it lessens tiredness, boosts endurance, and balances airmen's weight.
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