At the 2016 Consumer Electronic Show (CES), we witnessed the newest wave of wearables as well as smart jewelry with the latest high tech sensors and features. Demand for wearable technology is predicted to see huge growth this year, according to APX Labs.
Aside from the tech industry, the fashion world is expected to welcome the arrival of more smart jewelry this year from top multinational brands.
Here are some of the fashion forward smart jewelry manufacturers worth taking note of in the coming year:
• Fossil Q
• Bellabeat Leaf
• Ungaro Ring
• Misfit Shine
Most of the smart jewelry on the market today focuses on providing users with real time updates about their health. Other wearables are able to perform servies similar to smartphones, such as making and receiving calls and sending text messages.
At the moment, smart jewelry is still dependent on a paired handset or app. While mobile sales continue to soar across the globe, many smart gadget manufacturers are using this data to help partner with huge smart gadget manufacturers. According to the developer of mobile slingo giant Spin Genie, more than 50% of tech data comes from mobile devices, surpassing the output of other computing devices on the market. As smart jewelry and other wearables become more dependent on mobile devices, expect its data to defeat all computing devices soon. Additionally, we should expect all the leading fashion tech brands to partner with the likes of Apple and Samsung to get maximum exposure to this new market that they are entering.
Currently, mobile tech companies are working on developing their handset-free smart watches.
However, apart from their overall appearance, current and upcoming manufacturers of smart jewelry have to consider a few important items to achieve profitability, according to Macala Wright. Here are the key issues that they need to address:
Although wearables have been around for many years, they are still very much in the early stages of market penetration. For their market share to increase they will need to revolutionize the concept and turn smart jewelry into a necessity rather than a luxury product.