Tag: wearable tech

Wearable technology market in Europe to reach over $2.5 billion by 2019

| August 12, 2014

A new report issued by Transparency Market Research has revealed a very rapid wearables growth rate.

The figures published in a tech news report by Transparency market Research called “Wearable Technology Market – European Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” have shown that while the wearables market was estimated to be worth $308.69 million, last year, the predicted growth rate will bring that stat to $2.54 billion by the close of 2019.

That represents a compound annual growth rate (CAGR) of 42.1 percent from this year through 2019.

The wearable technology marketplace currently holds a kind of niche position that is dominated by a handful of strong players. That said, additional participants are regularly stepping into this sector and are adding their own product contributions along the way. Still, the selections for consumers remain somewhat limited – when compared to the rest of the mobile tech offerings – and the price tags are still considered to be high enough to be prohibitive to major blocks of shoppers.

Equally, wearable technology is working its way into many marketplaces, some of which are seeing rapid growth.

Europe Wearable Technology Market to Grow in ValueWearables are finding their way into everything from military applications to industrial, and from medical and healthcare to fitness and wellness, and even simple infotainment. Moreover, as the number of wearable mobile devices continues to grow, so will their various applications. Development is rapidly continuing and the report predicts that this trend will be maintained throughout the forecast period.

Among the products that are currently making headway in the wearable device market are smartwatches, augmented reality headsets and glasses, smart sports glasses, activity and fitness monitors, sleep sensors, and health and biometrics trackers. Various types of jewelry and clothing are also trying to crack their way into the space, but they are typically quite small and are the product of limited startups.

That said, many of the wearable technology devices that are catching on are only starting with their primary design purpose but are branching off into many other applications as consumers use them in their everyday lives. Many combination purpose devices are starting to be worn by early adopters.

Wearable technology named after empowering Katy Perry tune

| August 8, 2014

The aptly named product is designed to be worn by women as a form of self defense mechanism.

Yasmine Mustafa has designed a new form of wearable technology that can be worn by women who want to feel self assured and empowered everywhere they go, in the way that the designer feels when she hears the song called “Roar” by Katy Perry.

That’s why she gave her mobile gadget the same name as the hit song.

The purpose of this wearable technology is to help to keep women safe from assault and is the latest invention that Mustafa has created. She is one member of a team of five that is currently working on a version of the small mobile device that works as a flashing light and a high pitched alarm that can work to attract attention to someone who is being attacked, while distracting, disorienting, and hopefully scaring off the attacker.

The Roar wearable technology is a small and lightweight module that is about the size of a quarter.

Wearable Technology inspired by Katy Perry songThe design of these wearables makes it easy for a woman to attach it to nearly anything, from clothing to shoes, from handbags to jewelry, or even to a smartphone. Mustafa explained that “The alarm and flashing light will startle the attacker, providing the victim with an opportunity to escape.”

In order to use this mobile device, the wearer simply needs to press a button and the light and sound functions will begin. Moreover, a text message with a link to the location of the wearer is also automatically sent to the people who have been pre-programmed into her contact list. Mustafa added that the device can also activate a call to 911 emergency services.

Mustafa is the head of the Philadelphia chapter of the Girl Develop It program. She was inspired with the idea after having gone on a trip on her own for half a year to South America. While she was there, she said that she had come across an “overwhelming number of women who had been assaulted.” Once she returned to her own home town, there were reports that there was a young woman who was raped in her own neighborhood of Center City. She’d had enough and decided to use wearable technology to help woman to protect themselves against these attacks.