Introduction
Wearable technology has become increasingly popular in recent years, and the market is expected to grow to over $54 billion by 2023. With so many companies entering the industry, it can be difficult to know which ones are worth watching. This article will explore the top 5 wearable technology companies to keep an eye on in 2021.
1. Apple
It should come as no surprise that Apple is at the top of this list. The Apple Watch has been a bestseller since its release in 2015, and the company continues to innovate with new models and features. In 2020, Apple introduced several health-focused updates to the watch, including a hand-washing detector and a blood oxygen sensor. With rumors of an Apple AR headset in the works, the company’s wearable technology offerings are sure to continue expanding.
2. Fitbit
While Fitbit was recently acquired by Google, it remains a major player in the wearable technology market. The company’s fitness-focused devices are popular with athletes and health enthusiasts alike. Fitbit has also expanded into other markets, including sleep tracking and smartwatches. With Google’s resources behind them, it will be interesting to see where Fitbit goes in the future.
3. Garmin
Garmin has been a leader in GPS technology for years, and they’ve applied that expertise to their wearable devices. The company’s smartwatches offer advanced fitness tracking and GPS navigation, making them popular with athletes and outdoor enthusiasts. Garmin has also expanded into other markets, including aviation and marine technology. As wearables become even more integrated into our daily lives, Garmin has the potential to become a major player in the industry.
4. Xiaomi
Xiaomi is a Chinese company that has been growing rapidly in recent years. Their Mi Band fitness tracker is one of the most popular wearables in the world, and their Amazfit smartwatch line offers impressive features at affordable prices. Xiaomi has also entered the smartglasses market, introducing the Xiaomi Smart Glasses in 2021. With their focus on affordability and innovation, Xiaomi is a company to watch in the wearable technology industry.
5. Samsung
Samsung has been a major player in the technology industry for years, and their wearables division is no exception. The company’s Galaxy Watch line offers impressive features and customization options, and their Galaxy Buds Pro earbuds are a popular option for music lovers. With recent rumors of Samsung working on a wearable headset, it will be interesting to see what the company has in store for the future.
Conclusion
The wearable technology industry is constantly evolving, and these five companies are at the forefront of innovation. From fitness tracking to augmented reality, wearable devices are becoming more integrated into our daily lives. By keeping an eye on the top players in the market, we can get a glimpse into what the future of wearable technology might hold.
