Moto 360 Smartwatch |
Wearable
technology is expected to be the next big thing but sales lag significantly behind
those for mainstream products. Despite a projected growth for wearable tech
shipments to reach 45 million by 2017, only 1 in 8 people have wearable tech
devices. Wealthy early adopters between the ages of 18 & 34 are the group
of people its been able to appeal to. For wearable tech to succeed, they have to re-position themselves for a mainstream market as opposed to the niche they currently
serve.
What
could be the problem, marketing or design?
So
far in the wearable tech space, smartwatches are the most popular but they
failed to create a completely new product category. Their utter reliance on a
smartphone makes most of their functions repetitive and outright redundant.
Only the invasive Google glass has been able to create a new product category
and work independently without the need to sync with a smartphone.
Smartwatches
fuse the traditional mechanical watch with software, making them ‘smart’ but to
make any sense; they have to stream data via a smartphone. Take the smartphone
out of the equation and a smartwatch is reduced to a mere activity tracker
without offering a unique value proposition to consumers.
Mophie x Opening Ceremony varsity jacket |
Perhaps
even with the lack of a unique value proposition, wearable tech can become the
next big thing if the makers realize that they are prominent personality
markers and offer a wider variety of designs drawing on culture & trends
whilst pricing competitively.
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