Wearable Technology: A Growing Industry Sector

In recent years the wearable technology industry has grown significantly and it is an area that looks like it will continue to develop over the coming years. The Apple Watch and Google Glass are just two examples of how wearable technology has been introduced into our day to day lives. One look at the growth of this industry and it is easy to see why companies are so keen to get a piece of the action.
  • In 2014 it was estimated that the wearable technology industry was worth an estimated $700 million.
  • Worldwide spending on wearable technology is predicted to grow to $1.4 billion by the end of next year.
  • Annual sales of Google Glass are predicted to reach 21 million units by the end of 2018.
  • 15% of consumers currently use some form of wearable technology in their day to day lives. These can range from smartwatches to fitness bands.
Working with Wearable Concepts At Coda Plastics we have recently begun working on an exciting project with Norwich based company, Wearable Concepts. Based at the Hethel Engineering Centre in the south of the city, Wearable Concepts have developed the idea of PowerMount. This new mounting kit is designed to work with both phones and cameras, and can be used when driving, running or cycling. Not only does the PowerMount utilise wireless technology to recharge a phone or camera's batteries, but also downloads the data from your device to a remote storage system. Whilst there is incredible demand in Asia to work with brands such as Wearable Concepts, the company have chosen to base their manufacturing process here in the UK in an effort to reduce product travel miles. We are therefore delighted that they have chosen to work with us here at Coda Plastics for the production of this innovative product. Assisting Clients from a Broad Range of Industry Sectors Wearable technology is a fast growing industry and is just one example of how our plastic manufacturing service can assist a client. Over the years we have worked with businesses from across a wide range of industries - from packaging for the food and beauty industries to producing safety products for the construction industry. If you have a project that you think we can assist you with, why not follow our New Project Flow Chart and see if we can be of help. Alternatively, give us a call on 01692 501020 and we will be happy to discuss what you are looking for. You can read more about PowerMount in this EDP interview with the duo behind the idea, David Cato and Rik Matthews.
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