Tag: wearable tech

Wearable technology is finding its groove in the United Kingdom

| January 28, 2016

When compared to 2014, there was double the number of wearables purchased in the U.K. in 2015.

According to the data from the Mintel international market research firm, the number of wearable technology devices that were purchased in 2015 in the United Kingdom were about double the figure from 2014.

The company estimated that over a period of 12 months, people in the U.K. purchased 3 million wearables.

The wearable technology devices that were considered in these figures were smartwatches and fitness trackers. The total includes the devices purchased during the twelve months that followed September 2014. It’s important to note that, despite the tremendous growth that was recorded through these figures, they didn’t take into account the three months that included the holiday shopping season in 2015. Still, that period of one year still recorded a growth of 118 percent when compared to the twelve months previous to it. These figures align relatively accurately with the predictions that were made by IDC, last June.

Fitness trackers remain the most popular sub-category within the definition of wearable technology gadgets.

Wearable Technology in the UKIDC pointed out that the leader among fitness tracker wearables is, by far, Fitbit. It, therefore, remains the leader in wearable tech as a whole. The share fitness trackers held of the wearables market was currently estimated to be 63 percent, after having shipped 1.9 million devices last year. Comparatively, there have been 1.1 million smartwatches shipped in the United Kingdom, representing 37 percent of the market.

When comparing these figures to the previous twelve month period, fitness trackers have seen their share shrinking. The year before the most recent results showed that fitness trackers made up 91 percent of all wearable tech sales. It was during that period that the Apple Watch was released into the U.K. market (April 2015), and a broad spectrum of different Android smartwatches also hit the shelves, such as the Moto 360 and Samsung Gear G2.

These provided consumers with more options outside of fitness trackers, allowing them to choose from among a larger range of wearable technology offerings. With more options, it’s easy to understand why fitness trackers lost some of their hold on the market as a whole in the United Kingdom.

Wearable technology becomes huge focus for Under Armour

| January 15, 2016

The brand is creating a full lineup of wearables as well as digital apps as a part of their broader sports apparel strategy.

Under Armour is currently working on the creation of a full lineup of wearable technology products and complementary mobile apps that are to become a central component of their overall strategy to pass Nike Inc and to take the top global sports apparel spot.

This strategy was made more than clear last week at the Consumer Electronics Showcase (CES 2016).

At that event, Under Armour’s CEO and founder, Kevin Plank unveiled a number of new products that are headed into the brand’s series called “Connected Fitness.” Currently, Nike is holding the lead position in the global sportswear industry and that spot is considered to be quite a solid one. Last year, that brand reported over $30 billion in revenues, with $7.69 billion in sales having been generated exclusively within the most recent fiscal quarter.

However, when it comes to wearable technology, specifically, rivals such as Under Armour are stepping in.

Wearable Technology - Under ArmourWith a growing range of wearables in the form of high quality apparel and footwear, Under Armour is taking aim and is hoping to become a force to reckon with. It could be that this strategy may one day shake Nike’s stance on the top platform in the market.

It doesn’t come a surprise that Under Armour feels that one of its top drivers in reaching its $7.5 billion sales target by 2018 is in the use of “Connected Fitness” and wearables. At the same time, many have found Under Armour’s speed of investment into this type of technology to be rather surprising. The reason is that it does leave the impression that the company has jumped from an idea in a business plan right into an actual series of products.

At the core of the brand’s wearable technology plan is the “UA HealthBox”, which includes a sports band upon which pretty much everything else is based. It tracks daily physical activity, heart rate and sleep. The HealthBox also includes a scale that is WiFi equipped and that reads both body weight and fat percentage.