Tag: technology news

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.

Wearables 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.

Navdy wants to give drivers the ability to focus on their smartphone and the road at the same time.

The new product from the San Francisco based startup is similar to Google Glass, only the mobile technology is designed for car windshields and gives drivers the capability to access information on their smartphones without having to take their eyes off of the road.

The HUD system from Navdy is an aftermarket console combining gesture and voice controls with a projection display.

The head-up display (HUD) system is designed to sit between the windshield and steering wheel and projects a translucent image that appears about 6 feet in front of the windshield. On the transparent display, drivers can view notifications, maps and access music apps from their phone.

The system can connect to the user’s Android phone or iPhone through Bluetooth and data can be shared via WiFi. In addition, the system can be connected with Google Maps, and the navigation that is projected on the windshield will not disappear when the user receives a message or phone call. Instead, the screen splits, allowing both to be seen.

Upon receiving a call, all the driver needs to do to answer is to give thumbs up above the steering wheel. To hang up, they just need to swipe. As for messages, they can be read to the user while they drive. Additionally, the system has been designed to display car alerts once it has been connected to the car’s computer, such as speed, battery-voltage and miles-to-empty. It is compatible with any car that was manufactured as far back as 1996.

The mobile technology enables users to customize their experience.

The Navdy system has parental controls and enables users to choose the type of notifications they receive while driving. For instance, they can choose to only receive social media notifications and texts when the car is stopped or these notifications can be shut off completely.

The co-founder and CTO of Navdy, Karl Guttag, told Mashable that “It’s obvious that touchscreens and nobs and buttons all force you to take your eyes off the road.” He added that “Theres a lot of opportunity to improve that whole experience and make the whole experience safer and more natural and intuitive.”

Therefore, while drivers will not be able to browse Facebook while they drive using this mobile technology, they can receive notifications and stay connected with their smartphones without having to fiddle with their device.