Wearable Tech World Feature Article
January 22, 2013

The Past and Future of Wearable Technologies

As we see high end designer’s clothing collections hit the runway each year, despite the recent economic depression that penetrated our country, fashion is a profitable business to get into. However, instead of designer clothing and accessories, the next designers to make a financial splash in the world economy is coming from the inventors and scientists.

In order to acknowledge the future, we must first pay homage to one of the first wearable technologies released in May of 2012: the Machina Midi Controller Jacket. This special jacket is designed to allow you to use your body as an interface to create music. All of the fabrics are waterproof and the electronics are embedded into the jacket, so on the outside it looks like a regular jacket.

According to a new market report published by Transparency Market Research "Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012- 2018," the global wearable technology market was at 750.0 million in 2012. By 2018 it is expected to reach 5.8 billion, at a CAGR of 40.8% from 2012 to 2018. North America is expected to maintain its lead position at 43.0% of the global wearable technology revenue share in 2018, followed by Europe.

The market for wearable technologies is exploding, ranging from simple fitness trackers like Fitbit and Withings activity tracker, which was caused by the rising aging population and increased diabetic population. Wearable technologies are being adopting all over the world because of its portability and multi-functionality options.  For 2012 fitness and wellness wearable’s was the largest revenue share, but by 2018 smart watches and glasses are going to climb the charts thanks to Google’s Project Glass.

Google (News - Alert) has sparked a new technological invention for the future, where companies all around the world are going to competing to create computerized glasses.  You can search the web, check text messages, watch online videos and post photos and stream live videos all from your right eye’s field of vision where the computer screen is anchored. With rumors surrounding Apple (News - Alert) and Microsoft’s own project glass launch, it seems that Google’s pair is just the beginning of a new revolution.  

And this is just the beginning of the predicted successful future for wearable technologies.




Edited by Carlos Olivera




Comments powered by Disqus


Wearable Tech World Media Sponsor

Wearable Tech World Conference

Learn it all at Wearable Tech Conference & Expo

Interweaving technology into the everyday life

  • Put Wearable Tech to Use Through Hands-on Product Demos
  • Meet today's Key Wearables Market Players
  • Hear About the Top Wearables Products, from Healthcare to Gaming
  • Discover What's Already Possible Today and What's Coming Tomorrow
  • Learn about Smart Materials, Conductive Pigments and Soft Circuits
  • See the Latest in Enterprise "Hands-Off" Field Computing
  • Get the Real Handle on Augmented Reality
  • Make the Critical Business Connections to Drive Your Product to Market
  • Uncover your Next Wearable Tech Investment

Who Should Attend

  • Anyone working across the wide range of Wearable Technology market segments needs to attend Wearable Tech Expo
  • CEOs and key decision makers from all companies large and small developing Wearable Tech products and solutions
  • Application developers - whether focused on gaming, pure augmented reality or other wireless- and mobile-connected Wearable Tech solutions
  • Enterprise decision makers that are either ready to evaluate and deploy field service Wearable Tech
  • Enterprise decision makers seeking to gain a clear understanding of enterprise-grade Wearable Tech capabilities
  • VCs, angel investors and investment bankers looking for deep insight into the next new mobile-related technology
  • All connected device manufacturers - M2M technology will play a key role in Augmented Wearable Tech
  • Tech-oriented toy manufacturers
  • Fashion industry executives seeking a strong understanding of Wearable Tech capabilities
  • WebRTC-focused developers seeking additional channels for application development