Demi JenkinsWearable technology has become a big part of our lives, changing how we use digital devices. From smartwatches to glasses that show digital info in the real world, these gadgets are everywhere.
The evolution of wearables has been remarkable, from smartwatches that monitor our health to augmented reality glasses that overlay digital information onto the physical world.
If you are looking for wearable app development for your app, you are going on the right track. A wearable app development company can help you get what you are looking for.
In essence, wearable technology encompasses a diverse array of electronic devices worn as accessories or integrated into clothing, equipped with sensors, processors, and connectivity features to gather data and perform various functions.
The global wearable technology market size is valued at USD 116.2 billion in 2021 and is anticipated to USD 265.4 billion by 2026; growing at a CAGR of 18.0% from 2021 to 2026(Source – Markets and Markets)
Wearable technology sets itself apart by seamlessly integrating into our daily routines. It offers valuable health insights, enhances connectivity, and drives innovation. It does so in ways we never imagined possible.
In the context of wearable app development, these devices offer vast opportunities for creating innovative solutions that integrate seamlessly into users’ lives, revolutionizing how we interact with technology on a day-to-day basis.
What is Wearable Technology?
Well, many reasons play a crucial role in the popularity of wearable technology.
Wearable technology encompasses a diverse range of electronic devices that are designed to be worn as accessories or integrated into clothing.
These devices are equipped with sensors, processors, and connectivity features, allowing them to collect data and perform various functions.
Have you ever wondered why wearable technology is famous?
Wearable technology offers a wide array of options for users, ranging from smartwatches and fitness trackers to augmented reality glasses and smart clothing.
Users can choose devices based on their preferences and needs.
The popularity of wearable technology can be attributed to several factors.
Firstly, wearables provide users with convenient access to information and functionalities without the need to constantly reach for their smartphones or other devices.
This seamless integration into everyday life makes wearables incredibly convenient and user-friendly.
Additionally, wearable technology has gained traction due to its ability to enhance health and wellness monitoring.
Fitness trackers, for example, allow users to monitor their physical activity, heart rate, sleep patterns, and more, empowering them to make informed decisions about their health and fitness goals.
Furthermore, the growing trend of incorporating advanced technologies such as artificial intelligence (AI) and augmented reality (AR) into wearables has also contributed to their popularity.
These cutting-edge features offer users immersive experiences and personalized interactions, further enhancing the appeal of wearable technology in today’s digital landscape.
In future also the wearable technology will continue to gain popularity due to its convenience, functionality, and ability to seamlessly integrate into various aspects of daily life.
It’s an indispensable part of modern living.
Top 10 Wearable Trends in 2024
Health Monitoring Beyond Fitness
- Wearables will advance to provide comprehensive health monitoring, including vital signs like blood pressure and glucose levels, and even early disease detection.
- Fact: According to a report by Grand View Research, The global wearable medical devices market size was estimated at USD 33.85 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 25.66% from 2024 to 2030.
Augmented Reality Wearables
- AR glasses and headsets will become more prevalent, offering immersive experiences for gaming, navigation, and virtual meetings.
- Fact: According to MarketsandMarkets, The Augmented reality (AR) and Virtual Reality (VR) Market Size is expected to reach USD 71.2 billion by 2028 from 25.1 billion in 2023, at a CAGR of 23.2% during the 2023- 2028 period.
Wearable Biometric Sensors
- Wearables will integrate advanced biometric sensors to monitor stress levels, hydration, and analyze biochemical markers in real-time, providing users with valuable health insights.
- Fact: According to a study published in the Journal of the American Medical Association, wearable biosensors have shown promising results in detecting early signs of COVID-19 infection through changes in biometric data.
Smart Clothing
- Smart clothing embedded with sensors and connectivity features will gain popularity, offering comfort while monitoring vital signs and activity levels.
- Fact: Research by MarketsandMarkets forecasts that The Smart Textiles Market Size is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026; it is expected to grow at a CAGR of 23.2 % during the forecast period.
Wearable Payment Technology
- Wearable devices will integrate payment capabilities, enabling users to make transactions conveniently with a simple tap or gesture.
- Fact: According to a report by Juniper Research, Contactless Mobile Payments to Surpass 1 Billion Users for First Time in 2024. A new study from Juniper Research has found that the total number of unique contactless mobile payment users will reach 1 billion globally by 2024; rising from 782 million in 2022, representing a growth of 60%.
Personalized Healthcare Solutions
- Wearables will offer personalized healthcare solutions, including medication reminders, personalized fitness routines, and adaptive health coaching tailored to individual needs.
- Fact: A study published in the Journal of Medical Internet Research found that personalized health interventions delivered through wearables have led to significant improvements in patient outcomes and adherence to treatment plans.
Fashion-Tech Collaborations
- Collaborations between fashion brands and tech companies will result in stylish and functional wearable designs that seamlessly blend fashion with technology.
- Fact: According to a report by McKinsey & Company, Fashion companies will face economic headwinds, technology shifts, and an evolving competitive landscape in 2024. However, shifting consumer priorities will continue to offer opportunities.
Brain-Computer Interfaces (BCIs)
- BCIs integrated into wearable devices will enable users to control devices and interact with digital interfaces using their brainwaves, revolutionizing accessibility and communication.
- Fact: Researchers from Stanford University have developed a brain-computer interface (BCI) for synthesizing speech from signals captured in a patient’s brain and processed by a recurrent neural network (RNN). The prototype system can decode speech at 62 words per minute, 3.4x faster than previous BCI methods.
Environmental Monitoring Wearables
- Wearables will incorporate environmental sensors to monitor air quality, UV exposure, and pollution levels, empowering users to make informed decisions about their surroundings.
- Fact: According to the World Health Organization, air pollution is responsible for an estimated 7 million premature deaths worldwide each year, highlighting the importance of environmental monitoring solutions to protect public health.
Wearable Security Solutions
- Wearables will offer enhanced security features, such as biometric authentication and encrypted communication, to safeguard personal data and ensure user privacy.
- Fact: According to Business Research Insights, the global wearable device security market size was USD 22370 million in 2022 and will touch USD 82500 million by 2028, exhibiting a CAGR of 24.3% during the forecast period.
Future Trends and Possibilities in Wearable Tech
As we look ahead, several emerging technologies are poised to shape the future of wearable tech-
Emerging Technologies in Wearable Tech
- Advancements in wearable technology will continue to push the boundaries of innovation. From flexible displays and nanotechnology to biometric authentication and artificial intelligence, future wearables will boast advanced features that enhance user experiences and capabilities.
- Fact: According to a report by Research and Markets, emerging technologies such as smart fabrics, augmented reality contact lenses, and neural interfaces are expected to drive significant growth in the wearable technology market in the coming years.
Integration with the Internet of Things (IoT)
- Wearable app development will gain a significant percentage in the Internet of Things (IoT). It will create a seamless ecosystem of connected devices. This integration will enable wearables to communicate with other smart devices and share data, leading to more personalized and efficient user experiences.
- Fact: According to IoT analytics, the latest IoT Analytics “State of IoT—Spring 2023” report shows that the number of global IoT connections grew by 18% in 2022 to 14.3 billion active IoT endpoints. In 2023, IoT Analytics expects the global number of connected IoT devices to grow another 16%, to 16.7 billion active endpoints.
Conclusion
Wearable technology has significantly altered our digital interactions and become a vital aspect of our daily routines.
From smartwatches to augmented reality glasses, these devices offer convenience, functionality, and innovative features that redefine user experiences.
The top mobile app development trends for 2024 showcase ongoing innovation, such as advanced health monitoring and integration with IoT.
With the industry’s growth, wearables will continue to shape our lives, connecting us, improving health outcomes, and driving digital transformation across sectors.
As technology evolves, wearable app development will remain essential tools, enhancing our lives in countless ways.
Sarah Carter